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Me as a, as an individual, I’m looking for that financial freedom. I’m looking for kind of that next step after I get done with work, because although I do enjoy what I do, I know that I’m not going to have the willpower or the energy to go at this pace for an extended period of times. I went to school with Jerome.
So we’ve known each other. For years. So last year, a mutual friend of ours, he came him and his wife came and they were supposed to stay the night. They were, they went over, they went to Africa for like two or three weeks. And when I came back to DC, they were supposed to crash at my house for a night before they caught their flight back to New Orleans.
While I was sitting there talking with them, I was just telling them, I was like, Hey, you know, my next step I’m looking at to get into, you know, doing multifamily. I went through, they had a, I think it was a 12, 12 week course that I went through and. From that, like I said, I learned that I don’t want to own a bunch of single family houses.
I started thinking about doing multifamily, but wasn’t really sure how to start, how to get into it. And while I was sitting down with our mutual friend of ours, I was talking with him and I was like, you know, I’m really looking into doing this. And he was like, Hey, do you remember Jerome from school? And I’m like, yeah.
I was like, I don’t remember Jerome. So there was like, he’s he started doing it. You know, multifamily investing you two should connect through them. I was able to make a lot more connections as far as different types. Financing got my business credit lines set up. They were able to do a lot of things that to help sort of grow that my knowledge of just real estate investing as a whole.
I liked the networking sessions that he has set up, sort of, they can use to do it at the beginning. Now it seems like it’s more towards the, the end of the class where they set up for networking for you to just be here. To have some dialogue with your other classmates too. I was telling Jerome earlier, I was looking like, when I first joined the class, I was like, okay, I’m going to look at, you know, Baltimore and Petersburg were the two areas that I said I was gonna look into.
So I went through and I did like the market study and I’m like, dang. Cause everyone, you know, they talk about, well, not so much Petersburg, but Baltimore. Everyone’s like, you know, yeah, Baltimore’s up and come and it’s growing and all this, I went and looked and I’m like, Not there. I’m like, no, I don’t I’m this isn’t it for me because, so then I looked at Petersburg, Jerome Hatton, and I, he challenged me.
He was like, you know, we’ll look at Peter’s. Cause he was like, don’t do Petersburg. And I was like, well, why? And he was like, you know, do your research and then, you know, call me back and we’ll talk, talk to him about it. And I was like, yeah, I was like, I went through and looked at it and it’s not like there’s a lot of growth.
I think that’s happening in Petersburg right now. But I was like, but as far as the, you say the clientele. The people that are the demographic, isn’t exactly what would work to fit within what we’re, what we’re looking to do for investing. So first part of my quest in being able to fulfill the mission of getting at first multifamily unit complex, purchased, getting that, that knowledge to be able to carry it forward.
When going through, trying to get there just in the class itself is just spending more time talking about the financing piece of it, how that whole aspect of it works, I guess, primarily the differences between. Doing it for a residential property versus multifamily. I mean, I think most of the people on the class they’ve at least either purchased a house for themselves, or it started doing similar things.
But just knowing the differences between the two of those, and then really spending time trying to understand what makes a, what makes a deal like what, what’s the breaking point between, Hey, this is just a, a lead versus as an actual deal. I would say that the course, and at least opens the door to allow you to start thinking about that.
You know, you still have to go through and put forth the work and the effort, but at least it opens your eyes to. Avenue of being able to create income for a month. .