Are you looking for ways to find off-market multifamily real estate deals? If so, this episode of The REmarketing Podcast is a must-listen! In it, Jerome Myers shares his insights on how to find these types of deals without having to go through brokers.
You'll learn about the different strategies Jerome uses to find off-market deals, as well as the key things to look for when you're evaluating a potential property. This episode is packed with actionable advice that you can use to start finding and closing more deals.
So whether you're a seasoned investor or just getting started in multifamily real estate, don't miss this episode of The REmarketing Podcast!
Finding Off-Market Multifamily Real Estate Deals (Without Brokers) with Jerome Myers
In this episode of the Remarketing Podcast, Jerome Lewis interviews Jerome Myers, founder and chief inspiration officer of Dream Catchers and the Myers Development Group. Jerome discusses his innovative approach to finding off-market multifamily real estate deals without relying on brokers, using his proprietary Myers Methods.
Conclusion
Jerome Myers emphasizes the importance of bypassing brokers and going directly to sellers to find profitable multifamily real estate deals. His four-step Myers Methods—Find, Fund, Fix, and Flip—provide a structured approach to acquiring, improving, and profiting from multifamily properties. Jerome’s insights highlight the benefits of understanding market dynamics, building relationships with sellers, and leveraging creative financing strategies.
Key points
🎯 Jerome's Background: Transitioned from a corporate career to real estate investing, building a successful portfolio using Myers Methods.
📈 Journey into Real Estate: Left corporate America after managing a $20 million division, now helps others invest in multifamily properties.
📊 Myers Methods: Developed a four-step process for acquiring and managing multifamily properties: Find, Fund, Fix, and Flip.
🛠️ Direct to Seller: Advocates for going direct to sellers rather than relying on brokers, as it often leads to better deals and lower costs.
📚 Educational Resources: Created a real estate education company to dispel myths and educate investors on effective multifamily investment strategies.
🚀 Creative Financing: Discusses various financing options and the importance of putting together a solid business plan and finding reliable partners.
💬 Operational Efficiency: Stresses the importance of executing a well-thought-out business plan to maximize property value and cash flow.
🔍 Tenant Screening: Highlights the significance of thorough tenant screening and maintaining good tenant relationships to avoid eviction issues.
🧠 Challenges and Solutions: Shares personal experiences and challenges faced in real estate investing, providing practical solutions and advice.
🤝 Mentorship and Community Support: Emphasizes the value of mentorship, community support, and continuous learning in achieving real estate success.
Summary
- Introduction: Jerome introduces Jerome Myers, focusing on his background and experience in multifamily real estate investing.
- Journey into Real Estate: Myers shares his transition from corporate America to real estate investing and the development of his Myers Methods.
- Myers Methods: Describes the four-step process of Find, Fund, Fix, and Flip for acquiring and managing multifamily properties.
- Direct to Seller: Advocates for going direct to sellers to find better deals and avoid broker fees.
- Educational Resources: Discusses the importance of education and dispelling myths in real estate investing.
- Creative Financing: Talks about various financing options and the importance of a solid business plan and reliable partners.
- Operational Efficiency: Emphasizes the importance of executing a well-thought-out business plan to maximize property value and cash flow.
- Tenant Screening: Highlights the significance of thorough tenant screening and maintaining good tenant relationships.
- Challenges and Solutions: Shares personal experiences and challenges faced in real estate investing, providing practical solutions and advice.
- Mentorship and Community Support: Emphasizes the value of mentorship, community support, and continuous learning in achieving real estate success.
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