Welcome to our Website! Our Mission is to Add Value to YOU
Feb. 28, 2022

22 | Earn 8% Cash on Cash through Relationships, Value-Adds and More with Darren Light

22 | Earn 8% Cash on Cash through Relationships, Value-Adds and More with Darren Light

Darren Light is a mechanical engineer by trade and started investing in real estate in 2016. In April of 2018, he left his corporate job to pursue real estate full time. His portfolio consists of over 600 units in transactions totaling over...


Darren Light is a mechanical engineer by trade and started investing in real estate in 2016. In April of 2018, he left his corporate job to pursue real estate full time. His portfolio consists of over 600 units in transactions totaling over $20M.  Darren completes five to eight flips per year and has multiple active projects in Knoxville, TN, and the Tri-Cities area.  He and his partners have ventured into the RV Park space this past December totaling 232 lots. Darren is an active member of the Jake & Gino Multifamily community, both as a student and mentor.

 

Let’s tune in to his story!

 

[00:01 - 06:38] Opening Segment

 

  • Welcome to the podcast!
  • Get to know our guest Darren Light
    • Bio
    • Dragged to a seminar and got into real estate
    • Laid off in 2018 and went full-time real estate investor

 

[06:39 - 19:59] Earn 8% Cash on Cash through Relationships, Value-Adds and More 

 

  • Multifamily versus House Flipping
    • Relationships
    • Quick game and long game
  • The Power of Relationships
    • Darrin’s 30-Unit Deal 
    • Who are you as a connector? How do you become a better communicator?
    • The goal is to leave an exceptional interaction experience
  • 8% Cash on Cash in Underwriting
    • Forget pushing rents! Value-add can be found in other options

 

[19:58 - 30:49] RV Rollercoaster

 

  • A Transition into RV Parks
    • How RV Parks are similar to multifamily
    • What makes an RV park successful?
    • How to establish an RV park
  • The Legacy Round
    • Darren’s Favorite Acquisition
    • High-level surface type underwriting things learned along the journey for RV parts

 

[30:50 - 38:39] Slice of Knowledge

 

  • Darren’s Last Words
    • “Invest in others.”
  • One Slice of Wisdom
    • “Just make a decision.”
  • Real Estate Multifamily Vocabulary
    • Cashflow
    • Asset Management
    • Return On Effort



Resources Mentioned

 

Tweetable Quotes

 

“The statistics are not always sexy… National statistics don't always tell you what's going on in a neighborhood, if you will, you've got to know. You got to have boots on the ground.” - Darren Light

 

“A very successful RV parks are not just in a destination area, the RV park becomes a destination in itself. ” - Darren Light

 

“You can have multiple streams of income from within multifamily.” - Darren Light

------------------------------------------------------------------------

 

Connect with Darren on (865)-310-6362, Facebook and LinkedIn!  Or you can check out Real Wealth Solutions and simplify your apartment investing experience.



Thanks for listening to Multifamily by the Slice!  

 

If you liked our show, please LEAVE A 5-STAR REVIEW, like, and subscribe!  



CONNECT WITH US:

 

Ike Ekeh

 

Dre Evans

 

FIND US ON:

 

Apple Podcast

Spotify

Libsyn

Amazon Music Audible 

I Heart Radio

Multifamily by the Slice Podcast

Podchaser

 

🍕Thanks for listening! Please subscribe to the show and leave a 5 star review. We appreciate your support.