If you’re a new syndicator and you want to be able to raise capital for your deals, you need to create a ‘sample deal deck’. This is just one of the actionable tips that today’s guest, Camilla Jeffs shares with listeners during our conversation. Listeners will also learn why it is so important to vet your sponsors before choosing them, and always making sure the location is right. Camilla shares plenty of tips for listeners wanting to raise capital, leading with why you should make sure you have warm investors first. She also recommends creating a website to share and illustrate your knowledge to investors, and shares some mindset shifts she had to make, including embracing an abundance mindset rather than a scarcity one. We ask Camilla for a book recommendation, and she tells the story of how she documented every recurring task she did to highlight what was working and what wasn’t, before telling us how her first and second hires have changed her life. You’ll also hear why having white space in your schedule is so important, because that is when you generate ideas. Camilla advises listeners to trust the process, improve themselves by 1% everyday, and be patient. Join us to hear all this and more today.
Key Points From This Episode:
- What led Camilla to real estate: she bought her first property as a house hack in college.
- Why they liquidated their single family investments to put all their money into multifamily.
- Camilla’s experience as a passive investor and the lessons she learned.
- The importance of vetting your sponsors and making sure the location is right.
- Which built-in safety measures led to Camilla’s confidence in the multifamily asset class.
- Camilla’s specialty: raising capital and educating first time passive investors.
- How being educated helps you to feel a lot more comfortable in your investments.
- Tips for listeners wanting to raise capital: make sure you have warm investors first!
- Why you need to create a sample deal deck if you are a first time investor.
- The value of creating your own website to share and illustrate your knowledge to investors.
- Shifts Camilla made towards partnering from DIY and why that was challenging for her.
- Moving from a scarcity to an abundance mindset and why this is necessary.
- Camilla’s morning routine which starts with exercising.
- Why Camilla recommends that listeners read the book Who Not How.
- How Camilla documented every recurring task she did to highlight what was working.
- The story of how her first and second hires have enabled her to focus on what’s important.
- Her feelings on coaching from the track team onwards.
- You have to allow the white space in your schedule to create the ideas you need to grow.
- Something she has done but would not repeat: not having enough investors ready.
- Why you can’t be desperate for that first deal: you will end up sabotaging your efforts.
- A mindset tip for all the listeners: improve yourself by 1% everyday, don’t rush it!
- More advice for listeners: be patient, and trust the process.
- Camilla’s definition of success: having joy in the journey and impacting others along the way.
- Why Camilla is willing to live just outside her comfort zone everyday.
Links Mentioned in Today’s Episode: