Have you ever considered investing in a Joint Venture to start your multifamily life? Probably this can be a great option to begin your career path in this industry. Our today’s guests will share their experience getting involved in real estate through JV; they are Tyler and Kayla Wilmot, managing partners of Marlin Dynamic Investments, a multifamily real estate investment LLC based in Jacksonville FL.
Kayla is currently a practicing Physician Assistant, and Tyler is an operations manager for a general contractor who specializes in designing and building homes since 2014. Together they create a team that excels in communication and building relationships. As a team, Kayla and Tyler bring two of the vital skills to flourishing in multifamily and are striving to acquire their first multifamily asset by the end of 2021.
Let’s dive into Joint Ventures in real estate investing!
Getting to know Kayla and Tyler - [00:01 – 08:36]
Kayla and Tyler their background and work
Managing partners of Marlin Dynamic Investments
How they signed up for a mastermind mentorship program
Why they look at multifamily as a career and investment path
Joining Multifamily Mindset was a huge stepping stone
Joint Ventures in Real Estate Investing [08:37 – 19:39]
How Kayla and Tyler jumped into a JV (Joint Venture)
All partners are going to be active and be part of the investment
What Kayla and Tyler have learned from the JV
Pay close attention to details while you do the financial analysis
Aspects that are vital to have a formidable team
Understand the financials portion and relationship building
Lessons learned from the LOI submitted so far
The value their investors are getting out once the LOI is accepted
Have a property manager on board
The Quattro Trio - [19:40 - 26:33]
What is your superpower?
What is your biggest failure?
Kayla: Doing too much at once
Kayla and Tyler encourage you to support St. Jude Children’s
Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life, and maximize wealth! Click here to find out more about the host, Chad Sutton.
“Nothing is going to move forward until you take that action.” - Kayla Wilmot
“Something that we really value is what our investors are getting out of [LOI] because we want them to be happy.” - Kayla and Tyler Wilmot