It can seem as though syndications and even single-family are hyper-competitive which can deter even the most determined investor but if you look for the ‘gaps’ in the market, it is possible to find your niche. This is exactly what our guest today, Mauricio Ramos, has done. He found that there was overcrowding in both single-family and large-scale syndication, which is why he opted to stick to the 12 to 50-unit segment of the syndication market.
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This not only means that he can gain experience and capital should he choose to branch out one day but it also ensures that he can find deals. He sheds some light on how he found his most recent deals and the benefits of going off-market and finding deals from the sellers rather than through brokers. Mauricio also talks us through some other aspects of his syndication portfolio, like value-add upgrades, his desired markets and investment criteria, and much more. Tune in today!
Key Points From This Episode:
- Some of Mauricio’s background and why he decided to pursue the syndication model.
- Learn how Mauricio was able to quit his job after only three years of syndication!
- Insights into the 48 units that Mauricio syndicated and how he found those deals.
- Find out what Mauricio’s current buying criteria are.
- Why Mauricio opted to syndicate rather than a joint venture and how he learned about it.
- Discover how value has been added to Mauricio’s 16 and 32 units.
- The sweet spot: why 12 to 50 units is the least competitive investment niche.
- Reasons Mauricio decided to self-manage after using a third-party management company.
- The main areas Mauricio is investing in and his managing and operation team composition.
- Taking action is the only way to get started!
- Tips on how to prepare for using agency debt if necessary.
[bctt tweet=”If you’re knee deep in it, might as well just take over. — @ingmosho” username=”whitney_sewell”]
Links Mentioned in Today’s Episode:
About Mauricio Ramos
Mauricio Ramos is a full-time real estate accredited investor. After graduating as a civil engineer, he worked in construction for ten years. He realized he did not want to work forever and found his way into real estate investing as a means of achieving financial freedom. He is the founder and managing member of the de Medici Group and has invested in 492 units in Texas, with a focus on San Antonio, Rio Grande Valley, and South-Central Texas. Mauricio is a lead sponsor on 48 units acquired in 2019, and currently controls over 1.7 million dollars in multi-family assets.
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