Building Wealth One Brick at a Time: Isaac’s Journey to $12.5M in Multifamily | Movers and Shakers
Oct 18, 2024
auto_awesome
Isaac Lewis, a multifamily real estate investor with over 10 years of experience and a marketing background, shares his inspiring journey from humble beginnings in Kentucky to managing assets worth $12.5 million. He discusses the shift from single-family rentals to large-scale apartments, emphasizing the importance of education, mentorship, and overcoming limiting beliefs. Isaac recounts his first deal, a challenging 24-unit property in Idaho, while highlighting the significance of relationships and strategic partnerships for long-term success in real estate.
Isaac's journey underscores the vital role of mentorship and education in transitioning from single-family to multifamily real estate investments.
His success in multifamily investing highlights the importance of building strong relationships for capital raising and strategic partnerships.
Deep dives
The Journey to Multifamily Investing
Starting as a second-generation real estate investor, Isaac Lewis's journey into multifamily investing took shape after years of trial and error. Growing up immersed in his father's rental properties instilled in him the principles of financial freedom and the importance of asset acquisition. However, his initial foray into investing involved purchasing a single-family home that proved frustrating and unfulfilling in terms of cash flow. Realizing that this approach wasn't leading him toward his financial goals, he pivoted towards higher-value multifamily deals after discovering them through webinars and conferences.
Learning from Mentorship and Community
Isaac recognized that he needed mentorship to succeed in the multifamily space, prompting him to join a community that aligned with his values and ambitions. He highlighted the importance of building relationships and the accountability that comes from networking with like-minded individuals. Through consistent participation in events and seeking guidance from experienced mentors, Isaac developed the clarity needed to navigate the complexities of larger deals. This commitment to learning not only refined his investing skills but also elevated his mindset regarding what was achievable.
Facing Challenges and Building Resilience
During his 18-month search for a deal, Isaac encountered numerous challenges, chiefly regarding clarity and patience amidst a competitive market. As he processed potential investments, he had to grapple with the frustration of being unable to secure a deal despite the market's frenzy. He emphasized the critical lessons learned during this period, including the importance of managing expectations and continuously honing his investment acumen. Ultimately, these struggles prepared him for the eventual success he experienced with his first multifamily acquisition.
The Power of Relationships in Real Estate
Isaac's successful entry into the multifamily market ultimately hinged on the relationships he had cultivated throughout his journey. He detailed how the connections he made with industry professionals provided invaluable insights, particularly regarding financing and property management. By leveraging these relationships, Isaac was able to raise capital effectively and navigate the complexities of the real estate landscape. As he continues to pursue multifamily opportunities, his focus remains on maintaining and growing these vital connections to achieve long-term success.
Join the Conversation: What was your biggest takeaway from Isaac's story? Drop a comment below and let us know how you're planning to level up your real estate game!
Don’t forget to like, subscribe, and hit the notification bell for more stories from industry-leading investors!
We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors) 👉https://jakeandgino.com/apply About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company. They control over $250M in assets under management. They have created the Jake & Gino Premier Multifamily Community to teach others a simple three-step framework for investing in multifamily real estate. Connect with Jake & Gino on the social media platform you are most active on: https://jakeandgino.com/link-tree/
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode