Episode 168 - How did two “smart guys” come together and buy over 400 units in less than 18 months?

Shane Thomas and Prashant Satoskar did not know each other 2 years ago. Shane and Prashant met at an apartment educational/mentoring group meeting. They immediately recognized that by working together it would make their investing partnership stronger. Both guys brought in strengths to the team. Today, they own 3 large apartment buildings. To go bigger (more units) and go faster (shorter time frame) - it’s important to meet as many fellow investors that share your common goals. Networking within the apartment investor community is critical. If you are looking for equity, vendors, or partners; it’s important to attend and network with as many qualified folks as possible. In many markets within the country, trying to win a deal is super competitive. Sometimes, you are not the original choice of the seller. Shane and Prashant discuss winning and closing two deals AFTER they were not originally chosen. Coming in second may feel like coming in last…but many times, the original buyer cannot perform. Keep the faith. To contact Shane Thomas: [email protected] To contact Prashant Satoshar: [email protected] To receive our FREE page WHITE PAPER REPORT on the (updated) 2019 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.