EP 522 - How Daniel Twito raised $20M+ and scaled to $200M in multifamily assets
What happens when a shy marine engineer’s curiosity about compound interest leads him to acquire over $200 million in multifamily assets? In this episode, Daniel Twito, co-founder of Invest and Joy Capital and Live and Joy Residential, shares how a simple “what if” question about his 401(k) sent him from buying his first duplex in Charleston to scaling his Dallas-Fort Worth multifamily portfolio to over 1,200 units. Daniel opens up about closing his first 160-unit deal in June 2019 (just months before fighting through a three-month battle to get Fannie Mae’s approval for in-house property management, right as COVID hit), the hard lessons learned from stacking bridge debt and preferred equity in 2021’s hot market, and how disciplined NOI growth let his team refinance every deal into long-term fixed-rate debt while so many operators couldn’t. He also breaks down his organic, relationship-first approach to capital raising, from repeat investors and word-of-mouth referrals to building longer-cycle relationships with family offices, and why finding partners with complementary skills and aligned values matters more than chasing the next flashy deal. If you want a grounded, honest look at building a multifamily portfolio through patience, discipline, and genuine partnership, this conversation delivers it. 5 Key Takeaways: Daniel’s path into real estate started with curiosity about compound interest assumptions in his 401(k), which led him to buy his first duplex in Charleston in 2012 before eventually transitioning into multifamily in Dallas-Fort Worth, closing his first 160-unit deal in June 2019. His team closed on their first property’s in-house property management transition right as COVID hit, having spent three months convincing Fannie Mae to approve them, and never missed a distribution during the pandemic thanks to a strong, experienced property manager. Deals acquired in 2021 using bridge debt plus preferred equity required intense work to refinance into long-term fixed-rate loans as interest rates rose, including bringing in new preferred equity partners and pausing distributions on some deals as a precaution. Daniel’s capital raising has grown organically, with 60-70% of investors on his first several deals coming from repeat investors or word-of-mouth referrals, and his strategy has since evolved to include longer, multi-year relationship-building with family offices writing seven-figure checks. He emphasizes that finding partners with complementary skills and aligned values, rather than getting into a deal just for excitement, is critical, noting that closing a deal is only 20% of success while the remaining 80% depends on the team executing the business plan over 5-7 years. About Tim Mai Tim Mai is a real estate investor, fund manager, mentor, and founder of HERO Mastermind for REI coaches. He has helped many real estate investors and coaches become millionaires. Tim continues to help busy professionals earn income and build wealth through passive investing. He is also a creative marketer and promoter with incredible knowledge and experience, which he freely shares. He has lifted himself from the aftermath of war, achieving technical expertise in computers, followed by investment success in real estate, management skills, and a lofty position among real estate educators and internet marketers. Tim is an industry leader who has acquired and exited well over $50 million worth of real estate and is currently an investor in over 2700 units of multifamily apartments. Connect with Tim Website: Capital Raising Party Facebook: Tim Mai | Capital Raising Nation Instagram: @timmaicom Twitter: @timmai LinkedIn: Tim Mai YouTube: Tim Mai







