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The Best Ever CRE Show

JF1782: Overcoming A Bad First Flip To Over $40 Million In Multifamily with Ola Dantis

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7996 Ratings

🗓️ 20 July 2019

⏱️ 23 minutes

🧾️ Download transcript

Summary

Ola was a house flipper first, he and Joe will cover what house flipping taught him about multifamily investing. They will discuss Ola’s first flip that didn’t go quite as planned, Ola admits he had shiny object syndrome with this deal, and shares his lessons learned. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Make sure that they know their stuff so that you know what you need to bring to the table” - Ola Dantis Ola Dantis Real Estate Background: Founder/CEO at Dwellynn.com A multifamily syndicator, has successfully sourced deals of over $40 Million Based in Baltimore, MD Say hi to him at https://www.dwellynn.com/  Best Ever Book: As A Man Thinketh   Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.    TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off. Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:48.0

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1:05.0

Make sure that wherever you're coalescing with, actually know their stuff, and if they don't,

1:09.9

it's okay, but you should know that going in.

1:12.1

So you can gauge the amount of effort and

1:14.5

work or skill that you need to bring to the table and if that would basically

1:19.2

make it up for that weakness that the person has. Real quick before the episode,

1:23.7

I want to give you a gift of 25% off.

1:25.6

And that gift actually is from TransUnion smart move.

1:28.7

Go to tenant screening.com, create a free account,

1:31.6

enter the code Fairless at check out for 25% off your next screening.

1:36.0

Because as landlords, we tend to be most concerned with getting paid on time.

1:40.2

You might also know that hundreds of thousands of landlords have to deal with the headaches of evicting tenants each year.

1:46.4

A evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees,

...

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