How to Level Up and WIN with Daniel Holmlund, Episode 172

John Casmon

5 years ago

Daniel Holmlund wanted to earn while he learned about multifamily investing. To do this, he found a group doing apartment deals in Houston and started out as a passive investor before joining them as a general partner. He focused on educating others on multifamily real estate, creating an educational investment group at his job and the Wilamete Investor Network (W.I.N.) meetup for people in his area. In this episode, he talks about transitioning from limited partner to general partner, hiring a mentor, and launching a meetups and groups for other investors.

Partner: Early-Bird Tickets End March 15 for Midwest Real Estate Networking Summit

Key Insights

Started investing in 2002 in SFR, began investing in multifamily in 2016
Began as an LP investor with a group in Houston and then joined the GP side
Likes the control of real estate over stocks
Ask what types of properties operators are seeking, understand their criteria, and what they look for in due diligence
Created a mutually beneficial mentor/mentee relationship
Mentor has two roles: education and feedback
Hosts an investment group at his place of employment, Intel
How to start a club at your job: ask HR if outside interest clubs are allowed, tell them what you are doing (education, not investing), work on it during off-hours
Developed the Wilamete Investors Network to help professionals learn how to invest in real estate
Focused on finding good operators in good markets where you have a personal relationship – people you can call