When you invest in multifamily, you may do it on your own. But, for most people, it is a lot easier to partner up or even find a team to make your goal achievable. Today, we speak to real estate investor Cameron Roy and he tells us, multifamily for him is a team sport.
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Cameron shares his journey in real estate, from quitting his job and taking a leap of faith in real estate by doing it full-time in February last year. In November, he was able to close his first deal – a 120 unit, $9.2 million acquisition. Cameron also talks about how important it is to get your spouse or partner on board with your real estate goals. He adds, finding the right mentor is a key step to learn the ropes in the industry. Tune in!
Key Points From This Episode:
- Cameron talks about how he was able to seal his first real estate deal.
- How important that your spouse is also on board when you take a leap of faith in real estate.
- The challenges Cameron faced when he was trying to close his first deal.
- Cameron shares his thoughts when he quit his job in February of last year to go full-time in real estate and when the Covid-19 pandemic hits.
- How Cameron met his business partner?
- Cameron shares what his expertise is.
- The key thing that helped Cameron to learn the real estate industry – having a mentor.
- The due diligence Cameron did to find the right mentor.
- What would Cameron do differently knowing what he knows now – partner a lot quicker.
- Cameron’s advice on how to prepare for a downturn – have enough reserves.
- The daily habits that help Cameron achieve success.
- Cameron’s best source for meeting new investors right now – word of mouth.
- The number one thing that contributed to Cameron’s success.
- How does Cameron like to give back?
“If there’s ever a time where we, I can try for something — fall flat on my face and be confident that if I do I could still pick myself up and create something good for our life. It’s now.” [0:02:42]
“This is a team sport and you could use some partners, and you could use some experience and you could use some people around you to help get there. “ [0:03:06]
“There’s a saying that you can go faster by yourself and further together. In multifamily it’s different, it’s faster and further together.” [0:07:20]
Links Mentioned in Today’s Episode:
About Cameron Roy
Cameron is a multifamily investor in Dallas, TX, and the host of The Multifamily Millennial Podcast. In late 2018 he read the Cashflow Quadrant by Robert Kiyosaki which changed everything for him in the way he thinks about finances. After chasing curiosity, he concluded that multifamily real estate investing would be the vehicle he would choose to grow his wealth. He spent the next year diving headfirst into learning all things multifamily and syndication. In early 2020 he decided to leave his day job and go all-in on building a real estate business that focuses on buying value-added multifamily deals.
A few months later, after a lot of hard work, perseverance, and consistent action, he partnered on his first deal which was a 120-unit, $9.2 million acquisition. His love for real estate investing comes from learning the kind of freedom it can provide for people. He is also fueled by the fact that this information is not taught in traditional learning systems. You essentially must know someone who does this or stumble upon a book as he did.
Cameron believes that God put him on this earth to help people reach their full potential. He desires to do that by helping people to get their money working for them through cash flow producing assets in a way that serves as a blessing, not a burden.
When he’s not working, you can find him volunteering with his church, hanging out with his wife and friends, or yelling “fore!” on a golf course.
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