107: Bottom Line: You’ll Never Forget Your First Deal

Hungry and eager to get your first deal after attending my Kahuna Boardroom? Believe in yourself. You know you’re going to make it work because you have to make it work. 

Today, I'm talking to David Rosenbaum, one of two Kahuna Boardroom students who did their first deal together and shares how it all went by breaking it down. 

Topics on Today’s Episode:

• Boardrooms: Guarded because you never know what you’re going to get
• Be Conservative: Find needles in haystack, and underwrite fat deals, if they get skinny
• Feeling rejected when trying to find deals? Remain patient
• Formulate Team: Find those with network, capital, skill sets, and industry knowledge 
• Direct-to-Seller Deal: Site visit, LOI, due diligence, and different team members  
• Wine and Dine: Boardroom break, mingle/network, and be accountable
• Stay Organized: So many documents, so file space is needed to stay sane 
• Partnerships and Splits: When you start, how you finish, and in between 
• Day of Closing: Just get one deal done, you’ll never forget it 

Links and Resources Mentioned:

• Kahuna Boardroom
• Zoom
• Dropbox
• Slack
• Mastermind Group
• Copy Your Way to Success
• Kahuna Investments
• Quick Start Workshop
• Multifamily Legacy Podcast on YouTube
• Multifamily Legacy Podcast on Facebook

Quotes:

“I didn't know what I didn't know from anything.” David Rosenbaum 

“There's a lot of value in bringing capital and having capital. The money's in the money.” Corey Peterson

“The great thing about this partnership starting out where it was and where it is today, we don't have any egos.” David Rosenbaum

“When it got hard, you did the work anyway. You didn't cheat. You didn’t change the rules. You still did the work.” Corey Peterson

Don’t forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes. 

Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.