This episode is Part 2 of my conversation with Rodney Thompson. Check out Part 1 for context and continuity going into this conversation. We continue with our conversation and discuss how to find deals in multifamily real estate.

Rodney Thompson worked in IT for 36 years, and management for the last 20 years has given him a broad knowledge of customer relations and project management. Starting out investing in single-family homes, Rodney quickly discovered that scaling the single-family business model had its challenges. He eventually realized that Commercial real estate offers so much more for investors. With the economy of scales on your side, and the fact that commercial property is valued in a dramatically different way, moving his focus to commercial real estate was the smart thing to do.

[00:01 – 15:15] Part 2: Actionable Steps to get Deals

• Actionable steps to get their first deal
• Finding his partners on his deal
• Refocusing on himself and branding
• Markets they currently focus on
• Work with Rodney!
• See links below

[15:16 – 35:55] Getting into Multifamily

• Getting started with Syndications
• Finding mentors to get involved with deals
• Keeping active in the market
• Meeting people and expanding your network
• Do’s and Don'ts when engaging with brokers
• The value of having an abundance mindset in the real estate industry
• Finding your partners first before engaging with brokers 
• Establishing relationships with brokers

[35:56 – 37:35] Closing Segment

• Connect with Rodney and Find your first Deal!
• See Links Below
• Final Thoughts

Tweetable Quotes:

“People don’t invest in your logo, company name, or how fancy your website is, they invest in you. By working on you, and the brand that’s who you are, that’s what investors are looking for” - Rodney Thompson

“The one thing I found about real estate is, there’s enough business to go around for everybody if everybody’s willing to share and help the other person be successful in real estate.” - Rodney Thompson

Resources Mentioned:

• Solaris Equity Partners
• The Weekly Multifamily Roundtable

Connect with Rodney:

Linkedin: https://www.linkedin.com/in/rodney-thompson-investor/ 

Website: https://solariscm.com/ 

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