Are you interested in scaling your real estate business but feeling overwhelmed by the challenges? This episode of the Real Estate Syndication Show dives into the inspiring journeys of two highly successful real estate professionals, Stas Grinberg and Shawn DiMartile. Both veterans, they’ve leveraged their unique skillsets and adapted to overcome obstacles, building thriving multifamily empires.
Here are 3 key takeaways you can’t miss:
- Location, Location, Location (and Persistence): Stas Grinberg’s story emphasizes the importance of proximity to your investments. His early struggles managing properties remotely highlight the value of boots-on-the-ground involvement.
- Integrity Builds Trust: When a challenging deal went south, Stas and his partner prioritized investor well-being. Repaying investors out of pocket, despite the hardship, earned them unwavering loyalty and transformed investors into brand ambassadors.
- Adaptability is Key: Shawn DiMartile demonstrates the power of embracing change. By capitalizing on San Diego’s recent ADU regulations, he unlocked new investment opportunities by converting single-family homes into multi-unit properties. This innovative approach highlights how understanding and adapting to local market dynamics can be a game-changer.
Tune in for the full episode of the Real Estate Syndication Show to hear the inspiring stories of Stas Grinberg and Shawn DiMartile. These episodes are packed with valuable advice for real estate investors of all experience levels.
https://lifebridgecapital.com/2023/08/22/managing-3100-units-of-multifamily-units-stas-grinberg/
https://lifebridgecapital.com/2023/08/23/successful-investing-in-california-with-accessory-dwelling-units-shawn-dimartile/
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About Shawn DiMartile:
Shawn DiMartile, the co-founder of Takeoff Capital, embarked on his real estate investment journey by liquidating his 401k to partner on a 32-unit property in Indiana. Within two years, he tripled its value and sold it for a significant profit. In 2021, he syndicated a 150-unit multifamily property, followed by a 145-unit property just two months later. Despite always wanting to invest in San Diego, low cap rates and stringent landlord-tenant laws initially made it challenging to generate substantial returns from value-add multifamily properties. However, this changed two years ago when San Diego introduced their bonus Accessory Dwelling Unit (ADU) program, enabling investors to build apartments on single-family lots. Consequently, Martell quit his full-time job as an air traffic controller and is now a full-time multifamily investor with over 300 units, a boutique hotel, and several Airbnbs under his belt.
About Stas Grinberg:
Stas Grinberg, co-founder and managing principal of Vision & Beyond, started his business with Peter Gizunterman from a Starbucks. They’ve since expanded into five profitable companies with three corporate offices in Ohio, New York, and Israel, employing nearly 60 people and attracting investors worldwide. Prior to this, Stas worked for two Israeli investment firms, financing new construction opportunities in Birmingham, Alabama; Atlanta, Georgia; and Los Angeles, California. The firm now manages 3k multifamily units and $250m AUM in Ohio, Kentucky, Indiana, and Texas. Guided by his personal business motto to be bold and original, Stas, an IDF officer in the Armored Corps in the Army Reserve, has also been honored with the Israeli President’s Outstanding Soldier badge.
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