How Raises.com Member Ade Closed Multimillion-Dollar Multifamily Acquisition
Listen, congratulations on all that you have accomplished. I know it wasn’t easy, but you did it. If anyone wants to reach out for investor inquiries, feel free. Yeah, we managed to fly down and take a look at what you have going on here. We wanted to take the time to walk through your story. So, the first question is, everyone has a story, what’s yours? Oof. I don’t know exactly how to answer that, but in terms of finance and investing, I just love real assets. I love things that are defensible, like shelter, power, and healthcare. We can’t do without these things, as seen with the impact of Covid where we all had to stay at home. (multifamily acquisition)
Yeah, but we survived because we had shelter, healthcare, and power. That’s why I love those industries. I’ve been in them for over 12 years now. Before moving to Canada in 2018, I was in those industries. Since then, I’ve been focusing on building my platform and brand. (multifamily acquisition)
Got it. So, what makes you interested in building blue-chip investments and stable assets? Is it the security or something else? I believe it’s more about capital preservation and sustainable returns. I don’t like shiny objects, I prefer predictable returns. For example, in the real estate industry, a one-year lease is predictable, and you can plan around it. In the power industry, if you have a power generating asset, you can sign a power purchase agreement (PPA) for predictable returns. (multifamily acquisition)
Yes, for example, if you have a BCI drill agreement for three to five years, it’s indexed against inflation so you can plan your cash flow. The cash flow may not be as robust as in venture capital where they make 20-30%, but in defensible industries, it’s predictable. You can plan with the cash flow, and it provides peace of mind because you don’t have to worry about losing money overnight like in the stock market. It’s not as volatile, and it’s not up and down like a rollercoaster. (multifamily acquisition)
So, with defensible industries, there is little to no volatility, and the swings are predictable. The returns may not be as high, but you can plan with the cash flow. That’s why I love these industries. I remember around 2019-2021, something unpredictable happened, and that’s when I came across raises.com. Before I met you, I was actively looking for assets in the industry and talking to veterans in the field. I was searching for a platform or individuals with whom I could discuss my ideas. (multifamily acquisition)
I understand. It’s important to have someone to bounce ideas off of, especially when you’re too close to a project or working with an advisor who may not have the full picture. That’s why I was grateful to come across TrueFi and connect with Josh. The experience has been great because every time we have a call or attend the Monday meeting, the support and feedback from the team has been invaluable. They always provide suggestions on what we should do and what we should avoid to make the most out of our projects. (multifamily acquisition)
Yes, three weeks ago we were able to close on 44 units in Edmonton, which was a bit of a rough experience. There were ups and downs, and some disappointments along the way, but in the end, we were able to close. My advice to anyone raising money, especially in real estate, is to have your investors lined up, and if possible, get a commitment from them with a portion of the money already in the bank. This can help avoid any uncertainty, especially if you have a prior relationship with them and know they will come through. (multifamily acquisition)
So, no volatility. I try not to use volatility, but it is not there. All the swings are not there, so you can’t plan with it. Predictable cash flow is not as crazy, but you can plan with it, and that’s why I love those industries. Going back to 2019 and around 2020-2021, something unpredictable happened. I came across raises.com and started talking to veterans in the industry. I was looking for a platform or individuals to bounce my ideas off. When you’re working on a deal or something, you can be too close to it to realize there might be mistakes. That’s why it’s important to have an advisor or someone close to you, who is not too engrossed in it. I connected with you guys on the platform, and since then it has been an awesome experience. You guys have always been there to support and give your feedback. (multifamily acquisition)
Three weeks ago, we were able to close 44 units in Edmonton. It was a rough experience, with ups and downs, but we were able to close, which is what really matters. My advice to anyone raising money, especially in real estate, is to get some commitment from your investors. Get their money in the bank, even if it’s just 10-20%. If you’re targeting to raise $1 million, aim to raise $1.5 million or $1.8 million, in case some investors drop out. We ran into this problem when two investors dropped out, but we were able to close on March 17th. Our immediate next step is to reposition the property and fulfill our promise to our investors, which might take two to three months. But at the same time, we have more deals being thrown at us. (multifamily acquisition)
Once I got to know about you guys through someone close to me, the way they spoke about you was very positive. They said I just have to talk to these guys. And after connecting with you, it has been an awesome experience. Every time we have a call, I attend the Wednesday one and you guys have always been there to support and give your feedback on what you think is missing and what you think we should or should not do. This support helped us close our 44 units in Edmonton three weeks ago, even though it was a rough experience with ups and downs. As for joining RAS.com, the positive feedback from my friend was what made me overcome any hesitation. I was convinced that I needed to talk to you guys. (multifamily acquisition)
So I was okay with everything after that one-on-one conversation we had. I liked the rapport and chemistry between us. I wanted to get to know them better and be a part of what they were doing and I have not regretted signing up. For those who may have hesitation about joining raise.com, my advice would be to think about the return on investment. You have to consider that raise.com is not just for people who are just starting out, but also for veterans who are part of the platform and can provide valuable advice. (multifamily acquisition)
Mm-hmm, especially with the recent closing of a deal. We have control over the deals and are taking our time, not rushing into any new ones just yet. Maybe in the next three to four months, we’ll actively be in the market, but right now we’re focusing on repositioning and this asset. I got to know about raise.com through a recommendation. The person spoke highly of the company and encouraged me to reach out. I took the opportunity to have a one-on-one conversation and was impressed with the rapport and chemistry. I decided to join and have not regretted it. For those who may have hesitation about joining raise.com, I would say to consider the opportunities for growth and success. The platform has veterans who offer their advice and share their experiences, so there’s nothing to lose and everything to gain. The return on investment is worth considering and raise.com is not just for those starting out in the market. (multifamily acquisition)
If you want to close a deal efficiently and cheaply, raise.com is the way to go. The investment bankers will charge you for services that you can get for free or at a low cost through raise.com. Congratulations on all that you have accomplished. It wasn’t easy, but you did it. For investor inquiries, I can be reached through LinkedIn or through our website. (multifamily acquisition)
Mm-hmm, especially because of the news that we just closed. So, we have deals under control. Okay, we have this here, but we are taking our time. Mm-hmm, we are not rushing to get into any new deal right now. Maybe in about three to four months, we will actively be in the market at that point, but right now, we are just focusing on repositioning and this asset. You know, not just for the first investment, but we are looking at the natural progression due to the market. This investment is in Edmonton. Got it. And that asset, which we see all over, is well known due to some press releases. So, you know, when it came to making this step, what made you overcome any hesitation to join raise.com? Once I observed, I got to know about you guys. The way he spoke about you, I mean, he just said, “You have to talk to these guys. You need to talk to this guy.” I was connected with him, and I needed to speak to him. (multifamily acquisition)
So, I okay. That was fine. The rapport, the one-on-one conversation we had, I liked the rapport and loved the chemistry. I need to get better with these guys and be a part of what they’re doing, and I’ve not regretted signing up. For those who may have some hesitation about joining raise.com, what would you say to them if they were to take that next step? What’s keeping them back from jumping in? They have to think. Someone said the return on investment is worth it. You’re not just in the market, you’re binding yourself in. Why not join? Raise.com is not just for people starting out, but it also has veterans who give advice on their successful experiences. (multifamily acquisition)
You have nothing to lose, but everything to gain by being part of raise. I’ve seen it and will testify to anyone that if you want to close a deal quickly and inexpensively, go to raise.com. The investment bankers charge you for things that you can get for free or with a token on raise.com. Congratulations on all you’ve accomplished, it wasn’t a walk in the park and wasn’t easy, but you did it. If anyone wants to reach out to you for investor inquiries, you can find me on LinkedIn. My LinkedIn profile is “I Send Capital” or you can Google my name. My website should be active again next week, we had to take it down for certain reasons. Thank you so much, Nixon. Congratulations again, and we look forward to seeing you do more. Keep up the great returns! (multifamily acquisition)