The Best Ever CRE Show JF3285: Yannik Cudjoe-Virgil - From NFL to Multifamily: Scoring Big in Commercial Real Estate
Sep 2, 2023
36:59
Ever wondered how a former NFL player transitioned from the football field to thriving in the world of multifamily real estate? Get ready to uncover the playbook of Yannik Cudjoe-Virgil as he shares his remarkable journey from the gridiron to becoming a successful real estate investor. From leveraging relationships to capital raising tactics, Yannik reveals the game-changing strategies that propelled him to success in the commercial real estate arena.
Key Takeaways:
- The Power of Relationships and Networking: Yannik shares insights into how his background in the NFL and his connections within the sports community opened doors for capital raising and partnerships.
- Lessons in Partnerships and Operations: Yannik shares the benefits of having a reliable partner who complements your skills and expertise in multifamily investing. He discusses the challenges and lessons learned from operating smaller multifamily properties and the importance of building a scalable infrastructure for growth.
- Effective Deal Sourcing and Broker Relationships: Yannik shares his strategy for sourcing deals through direct broker relationships, focusing on becoming a preferred buyer. He provides advice on providing honest and constructive feedback to brokers when evaluating potential deals.
Yannik Cudjoe-Virgil | Real Estate Background
- Principal at Merlynn Acquisitions, which focuses on value-add Class C apartments in Baltimore
- Portfolio:
- GP in 69 units
- Based in: Baltimore, MD
- Say hi to him at:
- Best Ever Book: The Power of Now by Eckhart Tolle
- Greatest Lesson: The importance of building your infrastructure as early as possible to scale seamlessly.
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