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Feb. 14, 2022

19 | Short Term Rentals and Multifamily in 2022 with Shawn Dimartile

19 | Short Term Rentals and Multifamily in 2022 with Shawn Dimartile

Shawn DiMartile is a managing partner of Pac 3 Capital, a real estate syndication firm specializing in apartments and short-term rental acquisitions and operations. Shawn formed Pac 3 Capital just two years ago with his two partners, and since then...


Shawn DiMartile is a managing partner of Pac 3 Capital, a real estate syndication firm specializing in apartments and short-term rental acquisitions and operations. Shawn formed Pac 3 Capital just two years ago with his two partners, and since then they have acquired assets in multiple states in the Midwest and Southeast.  Shawn and Pac 3 Capital currently have over $28 million in assets under management, spread across 327 units. Shawn is a huge proponent of mentorships, partnerships, and taking risks to get started in real estate investing. 

 

Let’s tune in to his story!

 

[00:01 - 05:04] Opening Segment

 

  • Welcome to the podcast!
  • Get to know our guest Shawn Dimartile
    • Bio

 

[05:05 - 11:53] Multifamily Gold Rush

 

  • Why more people are getting into multifamily
  • How to scale your short term rentals and bring in numerous investors
  • Issues to look out for in getting to the short term rental space
    • Regulation
    • Shutting down your operation
    • Prevent these risks!

 

[11:54 - 34:22] Short Term Rentals and Multifamily in 2022

 

  • Scaling short term rentals and multifamily
    • The Burn B Model
    • Build unique little AirBnbs
  • Dealing with millennials’ different preferences
  • Shawn talks about their southeast investments at Pac 3 Capita
  • How to Raise Capital and Misconceptions in the Raising Capital Gain
  • Take the Risk and Do Everything You Can for a Deal
  • The Legacy Round
    • Shawn’s Favorite Deal: 32-Unit Property at Greenwood, Indiana

 

[34:23 - 39:44] Slice of Knowledge

 

  • Shawn’s Last Words
    • “Invest as much as you can every day.”
  • One Slice of Wisdom
    • “Have extra money have contingency capital.”
  • Real Estate Multifamily Vocabulary
    • Internal rate of return
    • Nonrecourse debt
    • “Your network is your net worth.”



Resources Mentioned

 

Tweetable Quotes

 

“The time to raise money is before you get the deal.” - Shawn Dimartile

 

“A confused mind doesn’t act.  You should be able to understand fully to explain everything clearly to your investors.” - Shawn Dimartile

 

“Find the money and take some risks to go and invest in real estate.” - Shawn Dimartile

 

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Reach Shawn through shawn@pac3capital.com, Instagram, and LinkedIn

 

Check out his website and realize unparalleled financial gains through the power of multifamily real estate investing.




Thanks for listening to Multifamily by the Slice!  

 

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