Oct 27 2020 43 mins 1
You’ll never do what you don’t believe you can do. That’s what today’s guest Jennings Smith, believed and now he is the Principal of Live Oak Investments. Jennings has been a real estate investor since 2013 and brings over fifteen years of residential and commercial construction experience to his team. He built his first company at just nineteen years old while attending Clemson University. His years of project management experience has helped him build a substantial multifamily real estate portfolio through stabilizing value-add acquisitions. I can’t wait to get started and learn how Jennings’ risk-taking and teamwork mindset helped him raise capital and propelled him into his current and growing success. [00:01 - 10:19 ] Opening Segment Let’s get to know Jennings Smith Jennings gives us a bit of background on his experience [10:20 - 15:06 ] Having the Mindset to Take Risks; Breaking Through the Ceiling How Jennings’s family taught him how to push forward and take risks Jennings talks about breaking through the savings ceiling [15:07 - 24:54 ] Transitioning to Multifamily from a W-2 Jennings talks about his current work The journey getting into multifamily How Jennings put his first deals together relying on a team [24:55 - 29:45 ] Raising the Capital Advice from how Jennings raises capital Being upfront, clear, detailed, and providing options [29:46 - 35:12 ] Getting Your First Deal Jennings advice on owner finance and how he uses it An example from Jennings experience [35:13 - 43:40 ] Closing Segment Jennings thoughts on negotiating with investors I talk about capital gains taxes How to reach out to Jennings - links below Final words from Jennings and Me Tweetable Quotes: “You have to paint a crystal clear picture. If your investor is confused or you don’t really know all the details, you’re just giving them the opportunity to say no; and people always say no to something they don’t understand.” - Jennings Smith “You’re never going to do something you don’t believe you can do.” - Jennings Smith “I love to see people successful, and winning, and making it happen, but the fact is 90-95% of people don’t… they’re looking for a huge opportunity to come across their desk, and it will not come. So, the best way to get in this game is to just start!” - Jennings Smith Resources: Tim Bratz Magic of Multifamily Facebook Group ------------------------------------------------------------------------------------------ Connect with Jennings on Facebook & LinkedIn. Visit https://www.investliveoak.com/ to learn more. Guest Email: [email protected] Connect with me: https://www.5tcre.com/ Facebook LinkedIn Instagram Watch 5T CRE on YouTube Leave us a review and receive your free ebook Email us --> [email protected] Support the show (https://www.buymeacoffee.com/5Talents)
