In this Action Items episode, Dylan Palmer is back to go over some practical tips to apply in expanding your network and the steps to take for landing better deals. There is value in going the extra mile while working on the deal to ensure yourself a better position. Join us and listen in!

Dylan Palmer is a rising real estate investor who just relocated to Lexington, KY. he is responsible for sourcing and analyzing potential new multifamily investment acquisitions for Urban Renewal Partners. Dylan understands how to interpret economic and population trends to affirm markets for value-add investments. During his time at Urban Renewal Partners, Dylan has successfully assisted in the development and completion of the acquisition and underwriting for multifamily properties.

[00:01 – 04:55] Preparedness for Broader Network and Better Connections

• Thought-provoking questions to ask
• The barrier that got you to the next level
• What part of the business you like the least
• Recognizing the need for a real estate license
• Techniques to reaching out 
• Take ten to fifteen minutes a day
• Create a preset template
• Curate content

[04:56 – 11:17] Practical Steps to Dealing with the Broker

• Finding the first deals
• Looking for a sensible market
• Implementing the 80/20 rule
• No to email - opt for a call
• Steps to take for determining better deals
• Learning how to underwrite
• Pinpointing the price point
• Focusing on T3 income

[11:18 – 13:09] Closing Segment

• Connect with Dylan!

Tweetable Quotes:

“You're gonna pick. That's gonna be a broker that you definitely want to have a connection with. I'm a huge believer in the 80/20 rule, which means that you know, 20% of the brokers have 80% of the sales in every market.” - Dylan Palmer 

“Multifamily, you know, one of the biggest things is it's an inflation hedge. And with that is because, you know, every single month, there's going to be tenants turning and you're able to increase rents. So using T3, you're really able to create a lot more accurate snapshot of what your actual income is going to be after taking over the property.” - Dylan Palmer 

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Socials and Links

Connect with Dylan at 714-403-9465

Check out Urban Renewal Partners on their website!

Be sure to check out PassiveInvesting.com to learn how to build wealth through real estate!

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