The Multifamily Wealth Podcast #101: Converting Brokerage Clients Into Investors, Raising $1M+ For His First Deal, and Leveraging Social Media with Dante Belmonte
Great episode this week with Dante Belmonte, who is a broker, syndicator, and the man behind the well-known "MultifamilyMadness" Twitter account. Dante began his career in real estate in the brokerage world and is still actively brokering deals in upstate NY. As he was growing his brokerage business, he began seeking value-add multifamily deals. He began purchasing assets throughout North Carolina and raised over $1M for his first deal!
In this episode, Dante and I discuss the rising interest rate environment and how we're now underwriting and evaluating deals. We also talk about building deal flow, working with brokers, and raising capital for your first deal. Additionally, we discuss Dante's Twitter account and how he leverages his following to grow his business. This is a great episode!
Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.
Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.
Show notes:
-We learn about Dante's background and how he got into real estate
-We talk about how Dante broke into the syndication world and the first deal he’s ever done
-Dante and Axel talk about working with brokers, finding investors, and tips for young & new investors
-We talk about the tools/software Dante uses to build his investor database
-Dante and Axel talk about the state of the multifamily business
-We talk about how Dante and his team closed a multifamily transaction in 27 days (!!)
-We talk about Dante’s Twitter persona & the benefits of being active in that space, content & memes included
-What advice Dante would give himself before starting his real estate career
-We talk about Dante’s most significant business-related failure and what he learned from it
-We learn what skill/trait Dante would attribute his success to
-We talk about Dante’s goals in the next 6 - 12 months
Connect with Dante:
https://www.instagram.com/dantebelmonte
https://twitter.com/dantebelmonte
https://twitter.com/MultifamilyMad
Connect with Axel:
Follow him on Instagram
Connect with him on Linkedin
Learn more about Aligned Real Estate Partners