EP 99 - In this episode of the "Share the Wealth" show, the host welcomes Eddie Symmonett, a successful real estate investor and business owner originally from the Bahamas. Eddie shares his inspiring journey from moving to the U.S. for college to becoming a prominent figure in the real estate industry.

Key Takeaways:

🌐 Networking is Key: Building relationships with experienced investors is crucial for success. Attend events and connect with others for valuable mentorship and opportunities.

📚 Education Matters: Invest in your education by attending workshops, finding a mentor, or reading books on real estate investing.

🏠 Start Small and Scale Up: Begin with smaller properties like duplexes and four-unit buildings to gain experience and build capital before moving on to larger apartment complexes.

🎲 Take Calculated Risks: Eddie's move to Birmingham and his six-month focus solely on real estate was a calculated risk that paid off.

🤝 Be Strategic in Networking: Focus on building meaningful connections rather than just collecting business cards.

💪 Hard Work Pays Off: Eddie's success is a result of his hard work, dedication, and willingness to learn from his mistakes.

🌟 Tune in for an inspiring and informative discussion about the strategies on starting your own real estate investments! 🎧

Eddie Symmonett has been active in real estate since 2016 when he started interning, reading and researching everything he could on real estate investing. He comes from a family that has a background of successful Real Estate Investments overseas in Nassau, Bahamas. In 2017 he purchased his first duplex and four-unit apartment investments. In 2018, The year after he purchased a 32 and 75-unit apartment as a Limited Partner. In 2019 he purchased a 36-unit apartment complex as the sole- owner/operator and successfully exited the deal in 2023 with a 2.33X Return on Investment through the implementation of his investment strategies. From October 2021 to 2023 Eddie has syndicated two apartment complexes totaling 88 units and was featured on the front page of the Birmingham Business Journal where he was interviewed about the closings, Pearl at Sun Valley and Don Beri apartments.

As the President of Symmonett Management, a Property Management Company based in Birmingham Alabama, Eddie currently has 4 employees. Symmonett Management currently manages all of Symmonett Multifamily's holdings which is currently 90 units.Eddie Graduated College in Fall of 2017 and holds a Bachelor of Science in Business Administration/Accounting(Cum Laude) From Stillman College, Tuscaloosa Alabama.

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Interested in investing in small multifamily? Learn more about The Microfamily Mavericks mentorship program here: https://www.microfamilymavericks.com/casestudy

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Key Quotes:

“If you don't give yourself any other option but to succeed, you would be surprised at what you could do.”

• Eddie Symmonett

Connect with Eddie Symmonnet!

You can find him on

Website: Eddie Symmonett's Card (hihello.me)

Instagram: eddiesymmonett

LinkedIn: Eddie Symmonett | LinkedIn

YouTube: Eddie Symmonett - YouTube

Email: esymmonett@gmail.com

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Let’s get connected!

You can find Nicole on

LinkedIn https://www.linkedin.com/in/nicole-pendergrass/

Instagram https://www.instagram.com/nvestornikki/?hl=en

Facebook https://www.facebook.com/nvestornikki

or Visit her website https://noirvestholdings.com

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