Multifamily Real Estate Investing - Two College Dropouts & Their $4.7M Multifamily Syndication Deal

Multifamily syndication is thought to be a more closed-off part of real estate investing. You need connections in high places, partners with millions of dollars ready to invest, and a team of employees working behind you to find deals. These so-called “requirements” of multifamily syndicating weren’t necessary for two college dropouts, Van Hagye and Kyle Marcolette. You might recognize Van and Kyle from our interview with them on the last season of The Multifamily Mentor Show. Now, they’re back to talk through the progress they’ve made since their prior appearance. Both Van and Kyle have been working hard to expand Zion Capital, and have closed on two deals since. Van and Kyle walk through the acquisition of their first deal, a 42-unit, $4.7M property that they just nearly closed thanks to some quick thinking and a strong investor relationship. Be sure to subscribe to the BiggerPockets Youtube channel so you don’t miss episode two of Van and Kyle’s interview, where they pitch directly to institutional investors! ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup ~~~~ Watch Van and Kyle’s Episode from Last Season: https://youtu.be/xWvHSqhGJsA ~~~~ 6 Ways to Make Money as a Multifamily Syndicator: https://www.biggerpockets.com/blog/make-money-multifamily-syndicator ~~~~ Follow Van and Kyle on Instagram: @vanhagye or https://www.instagram.com/vanhagye/ @kylemarcotte9 or https://www.instagram.com/kylemarcotte9/ ~~~~ Connect with Terrance: Instagram: @terrancedoyle or https://www.instagram.com/terrancedoyle/ BiggerPockets: https://www.biggerpockets.com/users/terrancedoyle LinkedIn: https://www.linkedin.com/in/tjdoylemathew633/ Connect with Chris: Instagram: @chrislopez_co or https://www.instagram.com/chrislopez_co/ BiggerPockets: https://www.biggerpockets.com/users/chlopez LinkedIn: https://www.linkedin.com/in/christaylorlopez/ 00:00 Intro 01:30 College Dropouts Turned Deal Finders 08:47 From Friends to Business Partners 09:34 Why Start Their Own Fund? 11:51 $4.7M, 42-Unit First Deal 25:00 Advice for New Multifamily Investors 30:46 Ready for Part 2?