Multifamily Podcast Network

Great episode today with Darin Batchelder! We discuss his journey into real estate and how he transitioned from being a passive investor into an active sponsor (and syndicating a 76 unit deal in Texas). Darin dives into what he learned from his experience as a passive investing that eased the transition onto the active side, as well as how his extensive experience in the loan business helped him in his investing career. We also talk about building relationships with brokers, finding partners, and the value of mentorship groups.

Darin is a principal owner, asset manager, and lead sponsor on a 76 unit townhome community in Crowley, TX. He has a minority General Partnership interest and key principal in a 256 unit multifamily community in Dallas, TX, as well as a key principal on an FNMA nonrecourse loan on a 154 unit apartment community. Darin is also a limited partner in 14 properties with 3,944 multifamily units and a personal mentoring student of Brad Sumrok.  

SHOW NOTES: 2:57 We learn about Darin’s background as a CPA and how he got into real estate. 

5:06 Darin shares how he learned about real estate and how he began underwriting syndication opportunities.

11:05 We discuss what passive investors should look for in a deal and why key relationships are essential.

19:21 Darin shares what he values in a business partner and the type of people he likes working with to syndicate real estate deals. 

22:35 We learn the struggles Darin went through while shifting from passive to active investing.

27:00 Darin shares how he sourced deals and built relationships in his market. 

32:30 We discuss when you should put an offer on a deal and why selectivity can be beneficial. 

39:54 Darin shares details regarding his first deal and what improvements he has completed.

43:15 We learn why working with more sophisticated partners is relevant in larger deals and why they are more equipped to handle issues and manage properties. 

49:56 Darin shares the biggest mistake he has made in his career… and why you should get started sooner.

51:12 We learn about Darin’s multiple short term goals.

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https://www.instagram.com/multifamilywealth/?hl=en https://www.linkedin.com/in/axelragnarsson/ Download my investor toolkit (cash flow calculator, investor pitch deck, scope of work template, and renovation checklist) here. CONNECT WITH DARIN https://www.linkedin.com/in/darin-batchelder-8855b620/ https://www.instagram.com/batchelderdarin/?hl=en https://darinbatchelder.com/

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