JF3285: Yannik Cudjoe-Virgil - From NFL to Multifamily: Scoring Big in Commercial Real Estate

The Best Ever CRE Show

Best Ever CRE

Realestatepodcast, Entrepreneurship, Business, Realestate, Investing, Realestateinvesting, Realestateinvestingpodcast

4.8 • 983 Ratings

🗓️ 2 September 2023

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ever wondered how a former NFL player transitioned from the football field to thriving in the world of multifamily real estate? Get ready to uncover the playbook of Yannik Cudjoe-Virgil as he shares his remarkable journey from the gridiron to becoming a successful real estate investor. From leveraging relationships to capital raising tactics, Yannik reveals the game-changing strategies that propelled him to success in the commercial real estate arena.

Key Takeaways:

The Power of Relationships and Networking: Yannik shares insights into how his background in the NFL and his connections within the sports community opened doors for capital raising and partnerships.
Lessons in Partnerships and Operations: Yannik shares the benefits of having a reliable partner who complements your skills and expertise in multifamily investing. He discusses the challenges and lessons learned from operating smaller multifamily properties and the importance of building a scalable infrastructure for growth.
Effective Deal Sourcing and Broker Relationships: Yannik shares his strategy for sourcing deals through direct broker relationships, focusing on becoming a preferred buyer. He provides advice on providing honest and constructive feedback to brokers when evaluating potential deals.

Yannik Cudjoe-Virgil | Real Estate Background

Principal at Merlynn Acquisitions, which focuses on value-add Class C apartments in Baltimore
Portfolio:
- GP in 69 units
Based in: Baltimore, MD
Say hi to him at:
- LinkedIn
Best Ever Book: The Power of Now by Eckhart Tolle
Greatest Lesson: The importance of building your infrastructure as early as possible to scale seamlessly.

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Transcript

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1:05.0	Quick disclaimer, the views and opinions expressed in this podcast are provided for informational purposes only and should not be construed as an offer to buy or sell any securities or to make or
1:15.6	consider any investment or course of action.
1:18.8	For more information go to Best Ever Show.com.
1:22.0	If a burger sends you a deal and they're at 2 million, but you're at 1 million.
1:25.8	Just saying, hey, I'm at 1 million, it's not going to work for me.
1:28.5	That just comes off a little bit differently.
1:30.3	I found that if you can provide feedback that's of substance that really helps soften the blow and
1:37.2	maintains that relationship with the brokers.
1:39.7	Welcome to the best ever show, the world's longest running daily commercial real estate
1:44.4	podcast.
1:45.4	Our hosts interview commercial real estate experts every day to get you the best advice ever
	...

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