How Ronny Philip Amassed 572 Units in his 20s
How Ronny Philip Amassed 572 Units in his 20s
The next 18 months are sure to pose massive challenges to agents, so we need to think wisely about our next moves. Is now the time to look into multifamily, and how do we get started if weâve only done single-family residential transactions up until now?Â
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The shift from residential to commercial real estate isnât an easy one, but itâs certainly doable if we build a decent track record in our areas. How do we establish a stellar reputation when weâre new to the space?
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As with all real estate, the multifamily sector depends on strong personal relationships. If we want to make the jump, we have to start by building close connections with the right people.
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In this episode, CEO and Founder of Kingly Acquisitions, Ronny Philip shares how he entered multifamily and scaled his business to epic proportions.
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Three Things Youâll Learn in This Episode
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Which asset classes offer the highest return to new investors
Start by choosing an asset class to work with. Classes B and C tend to offer the best opportunities to investors because theyâre older properties used by both blue and white-collar workers.Â
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How to prepare for the shift from residential real estate
Before investing in a multifamily, join a commercial team and learn more about the business. This will teach us transferable skills that better prepare us for the next step.
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How to establish rapport with brokers
Multifamily complexes are always handled by more than one broker, so itâs important to connect with as many as possible. Head to top brokerages and build strong relationships to benefit from more opportunities.
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Guest Bio
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Ronny Philip is the CEO and Founder of The Kingly Group and Kingly Acquisitions. Ronny started his career in traditional real estate, but after discovering his passion for commercial real estate investing, he hasnât looked back since. Ronny is the host of The Ronny Philip Show on Youtube.Â
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To find out more, head to:www.KinglyAcquisitions.comÂ
https://www.Facebook.com/TheRonnyPhilipÂ
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https://www.youtube.com/RonnyPhilipÂ
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