22 | Earn 8% Cash on Cash through Relationships, Value-Adds and More with Darren Light

28/02/2022 38 min

Listen "22 | Earn 8% Cash on Cash through Relationships, Value-Adds and More with Darren Light"

Episode Synopsis

Darren Light is a mechanical engineer by trade and started investing in real estate in 2016. In April of 2018, he left his corporate job to pursue real estate full time. His portfolio consists of over 600 units in transactions totaling over $20M.  Darren completes five to eight flips per year and has multiple active projects in Knoxville, TN, and the Tri-Cities area.  He and his partners have ventured into the RV Park space this past December totaling 232 lots. Darren is an active member of the Jake & Gino Multifamily community, both as a student and mentor.   Let’s tune in to his story!   [00:01 - 06:38] Opening Segment   Welcome to the podcast! Get to know our guest Darren Light Bio Dragged to a seminar and got into real estate Laid off in 2018 and went full-time real estate investor   [06:39 - 19:59] Earn 8% Cash on Cash through Relationships, Value-Adds and More    Multifamily versus House Flipping Relationships Quick game and long game The Power of Relationships Darrin’s 30-Unit Deal  Who are you as a connector? How do you become a better communicator? The goal is to leave an exceptional interaction experience 8% Cash on Cash in Underwriting Forget pushing rents! Value-add can be found in other options   [19:58 - 30:49] RV Rollercoaster   A Transition into RV Parks How RV Parks are similar to multifamily What makes an RV park successful? How to establish an RV park The Legacy Round Darren’s Favorite Acquisition High-level surface type underwriting things learned along the jo

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