57 | Increasing Your Deal Flow and Creating Value by Building Your Networks with Hersh Rai

17/10/2022 41 min

Listen "57 | Increasing Your Deal Flow and Creating Value by Building Your Networks with Hersh Rai"

Episode Synopsis

Hersh Rai oversees all business processes and handlings of the firm with a focus on acquisitions and investor relations. As an active investor, he heavily invests in commercial multifamily assets, manufactured housing communities, and short term rentals across the Midwest and Southeast. With any investment, he hopes to improve the quality of life for his residents, provide favorable returns for his investors, and continue to work alongside experienced professionals who share similar visions.
[00:01 - 18:01] Networking into Real Estate

Hersh shares how he got his start in real estate
Building a lead generation machine
Leveraging LinkedIn to find connections

[18:02 - 23:40] Due Diligence Woes

Seeing red flags in the deal even before signing the contract
Trusting your guy when going into a deal
Importance of finding right trustworthy partners

[23:41 - 33:36] The Legacy Round

Not using a FHA or VA loan on the first acquisition
Building rapport with partners
Identifying the anchors that help establish and grow a portfolio
Having the down payment even before the deal was put into contract

[33:37 - 41:08] Slice of Knowledge

Hersh’s Final Words: Never stop believing
One Slice of Wisdom: Identify what the right partnerships looks like
Real Estate Multifamily Vocabulary: Debt Service Coverage Ratio, Cap Rates
Books and Masterminds to Try: Multifamily By The Slice, What It Takes by Stephen A. Schwarzman, Radical Candor by Kim Scott

Reach Hersh
Email: [email protected]
Social Media: LinkedIn
CONNECT WITH US:
Ike Ekeh

Instagram: @ikeekeh_
Website: www.rubiconcre.com
Email: [email protected]
Twitter: @ikeekeh
LinkedIn: Ike Ekeh

Dre Evans

Instagram: @drmultifamily
Linkedin: Dre Evans
Twitter: @drmultifamily
Email: [email protected]
Website: www.drmultifamily.com
Grab your copy of That’s My Property on Amazon
San Diego Real Estate Investor Meetup Group

Tweetable Quote:
“A lot of individuals on LinkedIn don't only have a LinkedIn, but they also have exposure on different media platforms, on different blogs, on different podcasts even, that you can go and listen to and just take a couple points and see what you could talk about with those individuals, Connect with them on a personal note.” - Hersh Rai

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