The Multifamily Wealth Podcast #54: Building a Portfolio of 200+ Units with NO Partners or Investors Using Creative Financing with Mel and Dave Dupuis
This week I chat with Mel and Dave Dupuis who have built a portfolio of over 200 units with NO partners! Based in Ontario, Mel, and Dave have leveraged numerous creative financing techniques to quickly scale a buy-and-hold portfolio of which they hold 100% of the equity, impressive stuff! This episode will be a fantastic resource for information for anyone who is looking to add some creative financing strategies and structures to their toolbelt - perfect for investors who are looking to scale, get started with minimal or no money, or just want to preserve their cash.
Mel and Dave are very active on Instagram and social media, where they teach creative financing, seller financing, and all of the methods they have used to quickly build a large portfolio of multifamily properties without using equity investors or partnerships. We talk about how to structure creative financing deals, how to structure seller financing, and how to find banks that will allow you to bring folks in as second lenders. We also go into detail on how they structure their personal business and more specifically, how their property management is able to manage 200 units. This episode is packed with useful information, and I am certain you will find value to take away from this one!
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:
3:22 Mel and Dave share how they initially got into real estate investing.
6:05 We discuss the mindset transition that took place for Mel and Dave when they went from using their own capital to invest to using creative financing to invest.
9:20 Mel and Dave discuss the first deal they did using creative financing and how it went.
14:11 Mel and Dave share how they structure a seller financing deal and how to do so yourself.
18:45 We discuss how to go out and find lenders that are willing to work with you to accept creative financing options.
21:53 Mel and Dave discuss how they are finding deals now and the importance of using multiple strategies.
25:20 Mel and Dave share the team that they have built and the importance to each member of the team.
30:02 Mel and Dave share what’s next for them regarding the markets they are looking at investing in, as well as the strategies they plan to use.
31:53 Mel and Dave give a piece of advice they would give themselves before starting their real estate career.
33:28 We discuss Mel and Dave’s most significant related failure for their real estate business, as well as what they learned from it.
36:36 Mel and Dave share the best decision they made along the way while building their portfolio.
38:25 Mel and Dave discuss one skill or trait that they attribute their success to.
CONNECT WITH MEL AND DAVE: