Diary of an Apartment Investor

First Deal Episode with Xiaofeng and Doug Harman

Brian Briscoe, Xiaofeng Harman, Doug Harman Episode 253

Setting goals in this first deal episode with Xiaofeng and Doug Harman as they talk about closing on a 56 units apartment complex in Waco, TX. 

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Doug and Xiaofeng Harman
Douglas Harman is a California licensed contractor who has been building modern homes and managing large scale projects for over 20 years. Xiaofeng Harman has a PhD degree in engineering and worked in a high-tech company in the silicon valley for 8 years before working in real estate investment full time. Douglas and Xiaofeng formed their first LLC and started their real estate investment 9 years ago. They started with acquiring small multifamily properties. In the following few years, they completed several high-end single-family new construction houses in the bay area, where they live. In Dec 2021, they closed their first multifamily syndication deal, a 56-unit class B property in Waco TX as one of the lead sponsors. They like to share their knowledge and experiences with other investors who is also working on their first deal.
Highlights of Doug and Xiaofeng’s Achievement on their First Deal:
*56 units class B property in class A location;
* As one of the lead sponsors for this syndication deal;
* First time capital raising and raised total $500,000;
* 75% occupancy when under contract, 80% at closing; and 93% leased after 2 months of closing;
Visit their website: https://www.libertahomes.com
Xiaofeng's linkedIn: https://www.linkedin.com/in/xiaofeng-harman-03856110/
Doug's Facebook: https://www.facebook.com/douglas.harman.9028
Xiaofeng's Facebook: https://www.facebook.com/xiaofeng.harman/
Visit their YouTube channel: https://www.youtube.com/channel/UCMU7P4XVfDQIIkBhJTBqAEw   
Xiaofeng: 408-712-4948; xiaofeng@libertahomes.com 
Doug: 650-636-5455; doug@libertahomes.com

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Your host, Brian Briscoe, is a co-founder and principal in the real estate investing firm Four Oaks Capital.  He and his team currently have 629 units worth $36 million in assets under management and are continuing to grow.  He will retire as a Lieutenant Colonel in the United States Marine Corps in 2021. Learn more about him and the Four Oaks team at www.fouroakscapital.com  or contact him at brianbriscoe@fouroakscapital.com - be sure to let him know where you found him.
Connect with him on LinkedIn or Facebook.

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