43 min
#185 with David Kamara: Scaling to Over 300 Units Between His Personal and Syndicated Properties Millennial Millionaire Real Estate Podcast
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- Investing
In this episode, Jonathan Farber interviews David Kamara on his path from discovering the opportunity in real estate while buying his own home to amassing over 300 units between his personal and syndicated properties. David is a small multifamily investor turned syndicator based in Michigan. In this episode, we delve into topics like: understanding management consulting, finding an area that balances comfort and price, the right way to buy property at auction, and more!
Top Takeaways:
How management consulting could help your business - 12:15 - 15:00
A consultant will bring expertise to advise on a specific business function
They can help you match your processes and systems to the goals you’ve set
The outside perspective of a consultant can be the needed boost to get back on track
Choosing an area that’s both affordable and reliable - 24:30 - 25:45
If you have the hustle to get higher returns early on, you’re going to balance some risk
Wherever you go, if you treat people well you’ll earn their respect
Finding that line between dangerous and cushy can take you a long way
Advice for buying at auction - 26:15 - 28:30
While due diligence won’t look the same as a normal listing, you can still research what you have
The auction holder will release the list of available properties, and you can go examine them
The perception of buying blind at auction is false - if you don’t know, don’t bid
How to bring value to David Kamara:
Check out his free ebook “The Personal Cash Flow Formula” below
Resources:
Book by Peter Drucker: The Effective Executive
Book by Eliyahu M. Goldratt: The Goal
capesierracapital.com/cashflow
Social Links:
capesierracapital.com
Connect With Our Sponsor, MartelTurnkey:
martelturnkey.com
Schedule a Call
info@martelturnkey.com
Connect With The host, Jonathan Farber Here!
jonjfarber@outlook.com
LinkedIn: https://www.linkedin.com/in/jonathanfarber1/
Instagram: @jonjfarb
Facebook: https://www.facebook.com/jonathan.farber.9
Facebook Group: Real Estate Mentorship Mastermind
https://www.facebook.com/groups/860025821084224/
BiggerPockets: https://www.biggerpockets.com/users/JonathanF29
Youtube: https://www.youtube.com/channel/UCB8BJ8K5ILXdfOnsDWamVqw
Schedule a time to talk: https://calendly.com/jonathan-farber/1-on-1-with-jonathan-farber-mmtr
Apply to be a guest on the podcast here: https://forms.gle/YNmALHUvDvuMWVVFA
In this episode, Jonathan Farber interviews David Kamara on his path from discovering the opportunity in real estate while buying his own home to amassing over 300 units between his personal and syndicated properties. David is a small multifamily investor turned syndicator based in Michigan. In this episode, we delve into topics like: understanding management consulting, finding an area that balances comfort and price, the right way to buy property at auction, and more!
Top Takeaways:
How management consulting could help your business - 12:15 - 15:00
A consultant will bring expertise to advise on a specific business function
They can help you match your processes and systems to the goals you’ve set
The outside perspective of a consultant can be the needed boost to get back on track
Choosing an area that’s both affordable and reliable - 24:30 - 25:45
If you have the hustle to get higher returns early on, you’re going to balance some risk
Wherever you go, if you treat people well you’ll earn their respect
Finding that line between dangerous and cushy can take you a long way
Advice for buying at auction - 26:15 - 28:30
While due diligence won’t look the same as a normal listing, you can still research what you have
The auction holder will release the list of available properties, and you can go examine them
The perception of buying blind at auction is false - if you don’t know, don’t bid
How to bring value to David Kamara:
Check out his free ebook “The Personal Cash Flow Formula” below
Resources:
Book by Peter Drucker: The Effective Executive
Book by Eliyahu M. Goldratt: The Goal
capesierracapital.com/cashflow
Social Links:
capesierracapital.com
Connect With Our Sponsor, MartelTurnkey:
martelturnkey.com
Schedule a Call
info@martelturnkey.com
Connect With The host, Jonathan Farber Here!
jonjfarber@outlook.com
LinkedIn: https://www.linkedin.com/in/jonathanfarber1/
Instagram: @jonjfarb
Facebook: https://www.facebook.com/jonathan.farber.9
Facebook Group: Real Estate Mentorship Mastermind
https://www.facebook.com/groups/860025821084224/
BiggerPockets: https://www.biggerpockets.com/users/JonathanF29
Youtube: https://www.youtube.com/channel/UCB8BJ8K5ILXdfOnsDWamVqw
Schedule a time to talk: https://calendly.com/jonathan-farber/1-on-1-with-jonathan-farber-mmtr
Apply to be a guest on the podcast here: https://forms.gle/YNmALHUvDvuMWVVFA
43 min