Forrest Corral - Strategic Insights for Multifamily Investment Success

Key Takeaways

Communication is key in multifamily real estate, and learning industry-specific terminology is essential.

Setbacks are just setups for comebacks. Don’t let a failure stop you from moving forward.

Surrounding yourself with the right people can drastically impact your success.

It's important to find your niche in the industry, focusing on what works best for you.

Multifamily real estate is a marathon; success doesn’t happen overnight.

Overcoming fear and self-doubt is crucial when taking the first step toward investing. 

Episode Timeline

[0:00 – 2:30] Introduction to Forrest Corral and the focus of today’s episode on multifamily investing.

[2:31 – 6:00] Forrest’s background in real estate and how he got started in the industry.

[6:01 – 9:00] The role of time in building wealth and why it’s the most important resource for investors.

[9:01 – 13:00] Overcoming fear and self-doubt in real estate investing.

[13:01 – 16:00] Understanding market cycles and their importance in making successful investment decisions.

[16:01 – 20:00] The mindset shift required for long-term success in multifamily investing.

[20:01 – 23:30] The significance of mentorship and continuous education in the real estate journey.

[23:31 – End] Closing thoughts on taking actionable steps toward success and key takeaways from the episode.

Contact

LinkedIn: Forrest Corral

Company Website: LTL Investments

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CJ Yamada - Mastering Capital Raising and Follow-Up Strategies

Key Takeaways

Keep your investors engaged by consistently sharing valuable content like market updates and deal insights.

Building a robust CRM by consistently adding contacts through networking events, Zoom meetings, and meetups is critical.

The best time to raise capital is when no active deals are available, allowing for relationship-building without pressure.

Grow your network by making it a goal to meet at least five new people every week through events, meetups, or masterminds.

Don’t give up after just a few attempts. Keep following up 7 to 10 times, and even if you don’t get a response, stay consistent. Make sure you stand out and stay top of mind.

Episode Timeline

[00:03:15] - Mike and CJ discuss the importance of consistent follow-up with leads.

[00:08:30] - CJ explains that 80% of sales happen after the seventh follow-up.

[00:12:45] - Mike emphasizes simplifying communication for better engagement.

[00:18:00] - CJ talks about categorizing leads as “interested, not invested” for future opportunities.

[00:22:00] - CJ advises raising capital when not working on a deal to build relationships.

[00:25:30] - CJ shares how he engages VIP leads using their preferred communication methods.

[00:29:00] - CJ stresses focusing on what you can control and staying consistent.

[00:30:15] - Mike wraps up with a call to take consistent action in building relationships.

Contact

Website: yamadacapital.com

Instagram: https://www.instagram.com/cjyamada1/

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