Creative Capital Podcast 124: Multifamily Millions On Your First Deal with Tory Sheffer

<p><span style="font-weight: 400;">Tory is responsible for all aspects of real estate acquisition & management. This includes underwriting, structuring equity, raising capital & asset management. His work involves managing the transaction process from inception to execution, as well as continuous asset management through the life of the asset. </span></p> <p> </p> <p><span style="font-weight: 400;">Tory has been in the real estate industry 6+ years as a broker and principal investor in 100+ transactions totaling $70M+. Tory is also an investor in Real Estate Lab which is a real estate software company focused on analysis and data related to multifamily investing. Prior to real estate Tory owned & operated Superior Recreation Services, a company building commercial playgrounds throughout Michigan & Ohio.</span></p> <p> </p> <p><span style="font-weight: 400;">Welcome to another episode of the Creative Capital Podcast. In this highly motivational yet educational episode, I speak with my guest, Tory Sheffer about how he closed on over 200 units on his very first multifamily deal and all the lessons that come with it. </span></p> <p><br /> <br /></p> <p><strong>[00:01 - 12:13] Who is Tory Sheffer?</strong></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">An overview of the episode</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Welcoming Tory to the show</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Tory shares his background and how he started in Real Estate </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Tory’s first multifamily deal </span></li> </ul> <p><br /> <br /></p> <p><strong>[12:14 - 18:19] Lessons Learned in Tory’s First 200-Unit Multifamily Deal </strong></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Negotiating for the deal</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-w