Jennings Smith and his cousin Yeadon Smith are business partners who collectively own approximately 48% of their portfolio, which they were able to achieve through BRRRR-style apartment buying. Jennings got his start as a contractor after earning his builder’s license at 19 and began slowly building wealth through real estate. He took Michael Blank’s Ultimate Apartment Buyer Guide online course, which helped him syndicate his first 12-unit deal in 2019. 

Today, Jennings is the co-founder of Live Oak Capital and My First Million in Multifamily. Live Oak Capital is an investment firm focused on multifamily, and MFMIM aims to build networks and communication that help people close multifamily deals. In this episode, Jennings explains why he prefers syndications to JV deals, why he chooses to structure his deals with a 70/30 split with 70% going to the GP, and how identifying his strengths and weaknesses helped him to scale. 

 

Jennings Smith | Real Estate Background

• Co-founder of Live Oak Capital and My First Million in Multifamily (MFMIM). Live Oak Capital is an investment firm focused on multifamily. MFMIM aims to build networks and communication that help people close multifamily deals.
• Portfolio:
• GP of:
• 1,000 units
• 500 self-storage units
• Based in: Summerville, SC
• Say hi to him at:
• my-first-million-in-multifamily.mykajabi.com
• Facebook
• Instagram
• Podcast
• YouTube
• Best Ever Book: Flip the Script by Oren Klaff

Greatest lesson: Borrowed belief. Understand that achieving goals is not difficult, it can just be different than what you initially thought. Surround yourself with people that inspire that same belief and are able to unlock your potential.

S​​tay in touch with us!

www.bestevercre.com

YouTube

Facebook

LinkedIn

Instagram

Click here to know more about our sponsors: | dlp capital | Cash Flow Portal | Cornell Capital Holdings | PassiveInvesting.com

Learn more about your ad choices. Visit megaphone.fm/adchoices