SA861 | ADUs and Multifamily Apartments: San Diego’s Lucrative Assets with Shawn DiMartile

Listen to our guest today, Shawn DiMartile, as he delves into his fearless move of liquidating his 401(k) to start investing in multifamily. He shares the challenges in scaling his investing business, his journey to apartment syndication, and his goal to continue acquiring profitable multifamily deals in San Diego, CA.This episode also highlights the qualities that make San Diego a strong market and why it’s worth your capital as a passive investor. Dive into this interview and learn another unknown wealth in multifamily!Key Points & Relevant TopicsHow Shawn has decided to invest in multifamily real estateThe value of having trust in a business partnershipWhat makes syndication a great vehicle to scale and grow fasterAdvice for people or investors who want to get into the syndication businessWays to find the right mentors and build connections with themTypical challenges and misconceptions in real estate investingReasons why San Diego, CA is a competitive investment marketWhat you should know about the rent control and ADU Bonus Program in San DiegoResources & LinksTo download Shawn’s free e-book “California Gold,” go to https://investorshawn.com/. Podcast: The Real Estate TakeoffBiggerPockets PodcastApartment Syndication Due Diligence Checklist for Passive InvestorAbout Shawn DiMartileShawn DiMartile is the co-founder of Takeoff Capital, a private equity firm with over $50M in assets under management spread across over 300 units, and also co-host of The Real Estate Takeoff podcast. In 2018, he embarked on his real estate investing journey while working as an air traffic controller from Thursday to Monday, often having to work mandatory overtime on his off days. Although the income was good, he found himself lacking time freedom. As he delved into various investment classes, he kept gravitating towards the potential of real estate investing, particularly apartment investing. For his first venture into real estate, he took the bold step of liquidating his 401k and partnered with his now business associate, Mike Tighe, as well as a few close friends. Together, they acquired a 32-unit apartment in a different state. While the initial investment presented its fair share of challenges and mistakes, they persevered and managed to execute their business plan, ultimately selling the property for a remarkable 3X return within just two years. This experience left an indelible mark on him, igniting a profound passion for real estate. Get in Touch with ShawnWebsite: https://investorshawn.com/ Instagram: @shawn_dimartileTo Connect With UsPlease visit our website www.bonavestcapital.com and click here to leave a rating and written review!