LUR 75 Daisy Serrano | Private Equity Real Estate

 

Running a private equity real estate firm sounds like something that a grizzled, highly-experienced, white male investor would find himself comfortable doing, but this episode will have you think otherwise. Lisa Hylton is excited to bring to you the power couple at Make It Rain CapitalDaisy Serrano, and Luc D’Abreau, who are just beginning to make a foothold in the Austin market. These California-raised millennials who were born to immigrant families are breaking all the stereotypes and giving hope to everyone out there who doesn’t think they’re cut out for real estate. In this conversation, you will learn how Daisy and Luc supported each other in their journey through passive investing and ultimately into running syndication of their own. Join in and be inspired to carve your own path to a life by design like these newlyweds are doing! 

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How These Newlywed Millennials Built A Private Equity Real Estate Firm Of Their Own With Daisy Serrano And Luc D’Abreau 

I’m super excited to be back with another guest, Daisy and Luc from Make It Rain Capital. They are both managing partners of Make It Rain Capital, a private equity multifamily investment firm focused on acquiring apartment properties. They are also limited partners in 445 units in Central Texas, which is approximately $36.8 million in value. I’m excited to have them on the show, welcome. 

Thanks for having us, Lisa. It‘s good to be here. 

Thank you so much for having us and for the enthusiasm that you bring to the show, for sure. 

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To kick things off, my readers know that my show is broken into three parts. We get into the background, we talk a little bit about the experience and with reflections othe levelup questions. I’m excited about this show because you are not only syndicators building your business, you have also invested passively. We are going to kill two birds with one stone here on this episode, which is getting a few conversations with passive investors but then also getting into their business and learning more about how you have pivoted, transitioned and the risks that you have taken to build a business. To get started, can you talk a little bit about where both of you are from originally and where do you live? 

We are both from Southern California. That’s where we were born and raised. I lived on the Central Coast of California for a few years while I was in college but then moved back down to Southern California after finishing school. From there, we ended up meeting on the beach in LA. Not far from you at Dockweiler. 

Is that where you met? 

I was at Dockweiler for a friend’s birthday party several years ago and hit it off. She didn’t like me at first but things happen. Now, we are here and talking to you. We ended up talking about real estate as a couple at the time. We invested together before we were even engaged or married. We had the cart before the horsein a way. 

Maybe that was the ultimate test. I’m from Victorville, California. That’s Southern California. I lived there my entire life. We were living in Downtown LA right before we decided to move. We are based in Austin, Texas. We decided to pick up and move. We were married and that didn’t come through at the beginning. We are a husband and wife team. We worked together on Make It Rain Capital and everything else that goes along with it. 

Congratulations, newlyweds and building the business100%Also, can you share a little bit about what you love to do in your new city, Austin? 

There are a lot of nature in Los Angeles as you know, but a lot of times there are a lot of people in all of those nature areas. Here, not quite as much. That’s not as populated so that’s cool. Going in, having barbecue and there’s a huge food scene here so that’s cool to go in and try new places. 

I will add to that. We are both big on coffee to the extent that once we get to go on our honeymoon at some point in the future, we want to go to Ethiopia. One of our favorite coffees is from there. It’s one of the first things that we did when we came out here. What we did for Luc‘s birthday earlier in 2021 was go out and try different coffee shops. That helped us get to know the different areas too, different parts of town. We know where to go, what parts of town to go get good coffee. That’s another interest of ours that we share. 

Jumping right into the experience, we are going to start first on the passive and then we will get into your active experience. A lot of passive investors read this show as they are interested in investing and are always curious about the process that other people have taken to make their first investment. It’s a big deal, that $25,000 or $50,000 check, however, amount of money that you write that check for. Can you share a little bit about your experience of how you discovered syndication to even begin with? 

It came through a connection of mine. I had a roommate. I also went to undergrad with him. We were living together at the time. He had a connection to a GP who was started doing syndicating right here in Central Texas. That was how the connection ended up happening. There were 506(b) offerings that were being done. That’s how that exposure to syndication first happened. I have been researching, looking and was interested in real estate for several years beforehand but didn’t quite find the right way to end up diving in or getting involved. For me, syndication ended up making a lot of sense at the time. That was where we were able to get started on the right footI ended up discussing it with Daisy and we talked about it. It feels like so long ago from where we are. That was the start with that exposure with that connection that I ended up having there. 

For me, it was this guy right here that I’m married to. I was not interested in real estate and multifamily at all. My background is in international education and counseling. I worked with students and clients from all over the world studying here in the US. I was not interested at all in the space. He introduced me to it. I did my research. We learned as much as we could. When we have the opportunity to invest, it was being able to vet the sponsors, the market, the team and all of that we can get into moreprimarily. Secondarilyhim having an engineering background, understanding the numbers, the sensitivity analysis, the underwriting and all of that, gave us a good foundation to then move forward and invest passively. 

You brought up a couple of things, one, vetting sponsors as well as the team and then also the market. Can you give some advice to readers as they think about vetting a sponsor to get started with? 

LUR 75 Daisy Serrano | Private Equity Real Estate

Private Equity Real Estate: You can have as much planning and strategy as possible but if you have the wrong driver in the wrong seat, it’s not going to work.

 

You can end up doing your research. There are those tactical things of understanding who else is on their team, what their experience level is, all of those things. Beyond that, if you have a conversation with them, do you click right? Do you trust the person? They’re the ones who are in the driver’s seat. You can have as much plan and strategy as possible. That can be all great but if you have the wrong driver in the wrong seat, then it’s not going to work. Understanding who that person is, being able to vibe with them, making sure that you’re on the same wavelength. You trust them that they are going to do right by their investors money, right by your money is where the rubber meets the road, where push comes to shove, where you could end up making that decision, whether or not it makes sense to end up moving forward with something. 

Your passive investment was made a few years ago. We will circle back to that. On vetting the market, what tips would you give? 

There are multiple ways to startI can share our experience in what we did. We did a lot of research online. Both of our passive investments are in San Antonio, Texas. We were looking at different drivers. What was the employment? Were there diverse employment options for tenants there? What was the population growth? What was the unemployment? It was all of these certain markers that you look at when you are looking at a deal. What’s the median household income? Do people have enough to be able to pay three times the rent? All of those markers that you look at. That was more so online. We were able to easily do that from California, look into the market and look at those metrics. 

The nonnumerical metrics that we looked at were flying to the market. Something that Luc and I did between the first and the second was we invested in the first one. We trusted the research that we had done, the analysis. When the opportunity for the second one came up, then we flew out to San Antonio and we spent a little bit less than a week there because we wanted to see the submarket. You will hear this in the space a lot that multifamily is very sub-market specific because you can have a few blocks away or maybe a few minutes away from a very different market. Being able to understand the specific sub-market that you are investing in is super important. We spent a few days out here. 

We were talking to locals. We secret shop the properties. We pretended like we were moving to the area. Little did we know at the time that eventually we woulmove here that that wasn’t the plan then. Igot a sense of the property management company where they are doing well or not, all of those things that are hard to see on Google Maps or a website. Once we did that and we felt comfortable with what we saw and what we heard people saying. We saw the growth. You can see it. You see the building, the ground-up construction that was happening and all these different markers. At that point, we felt comfortable investing a second time. 

That waa key to point out, especially as you make more and more investments in a market, it becomes even more important to why not take that trip. The cost of that flight is much less than the amount of money that you are going to be investing that second time around. In a few years with couple of different deals, have any of your deals gone full cycle at this pointthe one’s that you have passively invested? 

They haven’t yet but they are on track to end up going full cycle. They are executing the business plans very well. I was talking to one of the sponsors on Instagram and I was saying, maybe we will end up buying these once they end up going full cycle. We try to end up going that route with it but they haven’t yet. We were looking forward to once they do. Most of that capital is where you are able to get it back at that point. 

You touched on it a little bit. I was curious about how those properties have performed through COVID. 

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They perform strongly during Q2 of 2020. They ended up stopping distributions. They paused distributions to have more capital at hand, more reserves in case anything happens. That was the only distribution that was paused during the entire period. It was because they had a good management team in place. They had reserves already. They had underwritten the deal pretty conservatively. There was space for things to go wrong with the eviction moratorium, not being able to take certain steps and inactions. They were very proactive with helping people to get into different programs to be able to help them, to sustain their home on the business side as well. Keep that cashflow flowing. They were very proactive. Thankfully both deals did very well through COVID. 

Given your experience, passively investing, is there any advice you would give to someone who is thinking about passive investing? 

I would say do your research. Inherently, if you are putting in $25,000, $50,000, $100,000 into something, then you have to have a certain level of comfort and certainty around how things are going to go. The way to increase your certainty and comfort is to do your research around the sponsors, around the deal, around the market, around the business strategy, whether or not it can be executed well, how real it is or isn’t. That was where my head goes is doing your research and then feeling comfortable with who the people are as well. They are going to be interacting with you in some form or fashion on a monthly, if not quarterly basis. You need to make sure that you like who the people are that you have similar values. Your values are aligned and all of that matches up. They can cash you out maybe but you are going to be there for at least 3 years, if not 5 or potentially 7, depending on how long the deal is structured for. You want to make sure that you feel good about it. 

There was a saying in the business. People invest with people they know, like and trust.” It takes time to build that relationship. I second what Lisa mentioned in terms of knowing the sponsors. I would say ask around. If you find a group that you like and you are thinking, “This might be a good group to invest with,” ask Lisa, us, other people and get the opinion of people who have worked with them, who have interacted with them and understand who they are as people or at least that was important for us. You can only do so much research but at a certain point, you have to take that leap. You have to take the action and invest. Once you are there, it’s understanding who the team is, the deal works and you like who you are working with. 

That moves me into Make It Rain CapitalWe talked about the private equity real estate investment firm focused on apartmentsmultifamily. Can you talk about the genesis, the decision to then become a syndicator yourself? 

Initially, the name of Make It Rain came about because of the show. We started the show in 2020That was focused on creating more access for Millennials. We didn’t see that there were as many Millennials like us that were investing, had the ability to create generational wealth and change the trajectory of their families. We felt very strongly about providing a platform and more education around that. That was where the show started and where the name came about. Make It Rain Capital stemmed from us seeing as limited partners, the power of multifamily and wanting to become active within this space. As limited partners, as you know, Lisa, it’s very limited in terms of the involvement that you have. Once you do your homework upfront, you find a good group and a good deal, you invest and then you get distributions. 

We saw on the active side with Make It Rain Capital the opportunity to be able to create our lives around our business. Gotten married, moving out here to Texas to be boots on the ground and be out in the market that we are focused on here in Central Texas, it’s giving us the opportunity to build a business to provide investment opportunities to other people and we, ourselves had experienced the power of being unlimited partner size. We wanted to do more. We wanted to create more access. Once we do have children in the near future, God willing, we also wanted to be able to form our life around the business. For me to be able to be home but still be working and not have to go back to a W2 job, have that flexibility of freedom to be able to do both. Still have a professional endeavor but also still be able to be a mom and be with the kids. 

As readers read this, they think, “This sounds awesome and amazing. You have talked about that you are originally from California. You have made the move to Austin and you are boots on the ground in Austin, as well as building your business. Can you talk about the considerations you both made in making this decision? 

My dad was from the Caribbean like your family as well. He ended up coming here when he was twenty. It was for more opportunity and to move his life forward. That’s the way I ended up looking at this as well. It was a stretch to move to a different state for me but the more that we talked about it, we were able to see that there was this available opportunity and we would be able to move things forward in a very appreciable way quickly. For me, it ended up making complete sense to doing it. 

I have a very small family. All my family is in the same area. Daisy has a larger family and is more spread out. It was easier for me in that respect to end up moving out here. Those were some of the considerations. The fact of what we were able to do here and do together. Whave also talked about quarterly give or take, we need to make sure to go back and visit home. I need to make sure to visit my parents, my brother and his wife. Daisy’s doing the same with her family as well. 

It was being very clear and aligned in our goals as a couple. Something that we started even before we’ve got married and maybe even before we were engaged is having weekly meetings where we talked about what we had going on that week, how we could support each other like finances and all these different things that were important to us. With that, when we were looking at our life together and our goals together, it was like, “What’s going to help get us there the quickest?” It’s being active. 

Lisa, we are in Austin. One of our core markets is in San Antonio. I’m able to drive out within a couple of days notice and be there for a property tour. Be able to meet the broker in person and establish those relationships. It was hard leaving our family. We knew nobody when we made the decision to come here. With the blessing of the virtual times that we are in where a lot of things went virtual, we ended up creating a pretty substantial community even before coming to Texas. By the time we came, we knew sprinkles of people in different cities. We had met them in person. 

I have to say that we used our honeymoon time after we’ve got married, instead of going on a honeymoon to come to Texas. We had 19 meetings and or tours. That’s how we spent that time and it was because at that point we were already committed. It was once we made that commitment to, “We are going to make this happen. We continue taking action to be able to make that move smooth and be able to connect with as many people as we could beforehand. 

It’s so key, being able to take the action and mutual commitment for both of you. Being on the same page propels the business faster forward than being on different pages, for sure. 

It took a little bit of convincing from Luc on my end. Being able to leave my family and be as close to them but was the right step. All the momentum that we have gained since coming has reinforced that it was the right move. 

Can you talk a little bit about relationships and how they have impacted you in building your business? 

It has been big. We had dabbled here and there within multifamily or within real estate beforehand but we ended up increasing our relationships or increasing the depth of them even once COVID hit and everything went virtual. That was a blessing in disguise but the pieces of the relationships are huge. Being able to speak with people and build those relationships thereThere are people who we met through real estate and because of multifamily but I now consider them friends. We can hang out. We can do Topgolf. We can go and grab burgers or whatever the case may be. You know them on a different level. 

We may never do business together but that’s fine. I’m okay with that but you have that relationship that was there. From a business perspective, I would say being able to trust the people who you were working with, knowing who’s in the driver’s seat and how they operate. What their values are but then also having an indication of what’s their best working style, what’s their core competency, how do they deal with stress and how they handled difficulties in the past. Those things matter a lot. 

Focusing more on your business, can you talk a little bit about the type of apartments that you seek to look for? 

We were focused on that corridor down the I-35 between Austin and San Antonio. It’s about 1.5-hour driving distance. I always go back to distance in terms of time because of being from California. We have seen and experienced a lot of growth that is happening here in Austin. As a lot of people know, it’s the number one commercial real estate city that’s booming in the US. With that, there are a lot of expansion that’s happening, as well as people‘s affordability issues and a lot of different things where people are getting pushed out and out. In terms of the size and the assets, we are focused on B and C assets. In B area with good neighborhoods and good schools where there are light valueadd component, nothing too structurally heavy but where there are ideally, operationally valueadd opportunity or potentially being able to come in and turn some of the units indoors. 

For example, one of the properties that were on the GP side is a 42unit here in Austin. The play with that property is to be able to come in and turn a lot of the one-bedroom to increase the NOI and the monthly rental income on that end. That’s a big picture in terms of what we focus on, in terms of size, anything 30, 40 plus. Ideally, at some point, we had a much narrower focus where we were looking at 75 to 100 units plus. There are a lot of competition when you get into 100 plus. We opened up that window a little bit more with reference to some of the feedback we have gotten from mentors. We have gotten good response being able to go into some of those smaller units that we were overlooking before. 

Can you talk a little bit about how mentors have been impactful for your business? 

LUR 75 Daisy Serrano | Private Equity Real Estate

Private Equity Real Estate: It’s incumbent upon you to take advantage of the gifts that you have been granted in life because so many other people would do anything to have the same advantages as you do.

 

I can speak to some of mine and then we can speak to him at some of his as well. I joined the Women’s Real Estate Network that was based in LA. I’m not sure if you are familiar with it, Lisa. That became for me, my tribe. It became the group that I went to when I was figuring out, “What if I want to be in real estate if there was a space for me within the space?” Once I decided that I did want to be in the multifamily space, being surrounded by those bad-ass women that were doing some amazing things. Being able to meet them in person and form those relationships was foundational for me. 

As we’ve continued to grow, it’s been through the networks that we’ve built. was part of the board at Prospanica. I had strong mentors and connections that I built through the organization. I’m part of the REAL Real Estate Association for Latinx Professionals and have met some amazing women there. Icontinues to expand. We have also a podcast mastermind. We have all become mentors/allies for each other where it started as collaboration and it’s turned into a very supportive group as well. We have been blessed on that end. We have had a lot of amazing people that have reached out, wanted to help us, are continuing to put in a good word, be an advocate and push us sometimes to where we were like“Maybe that was a little bit past my comfort zone.” Somebody who walikeDaisy, you can do it. 

That brings me to the reflections part of my show. At this point, I want to touch on what are some of the challenges you faced in your journey, multifamily investing and how have you overcome them? 

Some challenges have been offering on properties and then not realizing how quickly things can go if you get moved to best and final. It was almost like riding a bike. You are learning to ride a bike as you are going but then the bikes going much faster than you are ready for. That was challenge that we have experienced. Even before starting the show, it was challenging early on trying to figure out exactly what it was going to look like and what it was going to be. Finding our groove of my interview style and how I approach things versus Daisy’s interview style and how she approaches things. That was a challenge too. Even trying to understand what should line item expenses would be for this market and for this asset class. That was even another challenge that I would end up saying. There are all those little ones along the way that have been there. 

Those are good ones on the business side. I would add one on a personal note. For me, it has been imposter syndrome. Not seeing a lot of women that are in this space, not seeing a lot of Latinos that are in this space. With me coming from a very different background, I was in the international education space for quite some time. I didn’t quite believe in myself that have the transferable skills. Who am I to go from education to real estate? They are completely different fields. Having those mentors who said, “You can do it. You have all these skills. You don’t have to be great at numbers. That was a big fear of mine. 

I don’t have an engineering and IT background. I don’t have the kind of background that a lot of people in this space have. It was a personal journey. Being able to understand why those fears were there. Be able to get through those with Luc‘s help and a lot of other people and mentors that were in the space as well, owning my space in the field. I look and sound a certain way. There aren’t as many people that look like me that are doing this. That was probably a benefit to me because people will remember me. I don’t look like a lot of other people. I have very different backgrounds. I didn’t know anybody who invested prior to us investing. It’s turning those into assets, turning those into positives. In the beginning, it was a struggle and a challenge to be able to overcome some of those things. 

Sometimes people underestimate the amount of courage required to build a podcast, to build a business, to show up every time and to keep going. The representation is low. More people are coming through and blowing it up. I appreciate that. That brings me to my levelup questions. What are you grateful for in your life? 

I would say the very basics of it. I’m grateful for life. I have my wife., my brother, my sister-in-law and my parents. At the end of the day when everything gets stripped away, it’s those people who were there. The fact that you are alive and healthy, that ended up making a difference too. I would add also for me that I was born here. I didn’t do anything. There are things in America that can be improved upon but still, it’s almost like I feel like I hit the jackpot being born here and a born a citizen. Even born to an immigrant, my father, being able to have the opportunity to attend college and have higher educationthere are probably a billion people who would trade places with me. The rest of the world will consider it a miraclelike a godsend. 

That is always in the back of my mind too of the opportunities that are available to me. A lot of them are irrespective of anything that I have done. It’s a situation I was born into. It’s incumbent upon me to be able to as best as possible take advantage of all of those gifts that I have been granted because so many other people aren’t. For me, I feel like it would be disrespectful to my ancestors to not end up taking advantage of all these things. They ended up sacrificing and working their asses off to be able to have their grandchild or their great-grandchild in this position we are doing that wayFifty or one hundred years from nowour children, our children’s children will be able to do the same thing. That was what I’m grateful for. 

For me, it’s being grateful for the place that we are in our lives, our family, our friends, health, opportunity, financially and spiritually. There are many blessings and abundance in our life. It‘s easy to forget that when you are so busy in the day-to-day. For me, especially with so much going on, it’s feeling grateful for every day and being with the people that I love the most. 

What has attributed to your success and continuous growth? 

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I would say my upbringingI feel like it’s an advantage being born to an immigrant. My mother‘s parents were immigrants as well. I feel like that was an advantage, also those ethics that were instilled in me, hard work and the people that I’m surrounded with. Those three things have contributed to my growth personally. 

I would echo that. In addition to that, I would say commitment. Once we commit to what we wanted to do and the kind of life that we wanted to live, then what do we need to do to get there? Commitment on one end and then on another end is taking actionWe didn’t always know what we know. We could have found every excuse. I’m not going to lie. Sometimes I did find those excuses to not take action but it was that consistent action day after day to get us to where we are. Number three, I would say our relationship. I don’t know that I would have been able to do what I have done without Luc, without his support. He believed in me before anybody else did in terms of the multifamily space specifically. It’s being able to do it together, create our lives, our marriage and our families around. Doing this as partners has been crucialfor sure. 

Lastly, is what do you know that you wish you knew at the beginning of your journey? 

I would say two things. It’s probably things that so many people say they become so trite but it is very true. Number one, you have to end up putting in the time, effort, work, energy. There is no substitute for that. If there is, it’s easy to comeeasy go. You can have under knowledge. It doesn’t work that way. There is a price to pay for it all. You have to put in the work and do what you need to do. The other piece too is that there are so many people who have accomplished what they have wanted to and it’s because they ended up believing that they could do it. They ended up putting in that action. 

They were once in your shoes. You, the reader, who is reading to this, whatever your name is, John, Suzy, Amy, whatever shoes you are in, we were there a handful of years ago or even potentially this time in 2020All it is is that we ended up looking at other people who were higher than us. We said, “We want to get there. We wanted to follow those actions. You are more than capable. It’s just a matter of putting in that effort, that energy and doing it. That was something I wish I would have known when I first started. 

I want to reiterate that but we are not special. We did things that other people were doing. We didn’t come up with something completely different and innovative in the space. We are following the steps that worked for other people. With that, it’s putting in the work. On the more practical side, I would say something I wish I would have known is to have a CRM, work on all the backend systems and procedures. We talked about this, Lisa, where you are building those out as well. You save so much time. You save so much energy. You are able to come across professionallyhave a very set of standards and procedures to be able to follow. Whether it’s getting Calendly to be able to not have to schedule your own appointments. 

Having a CRM where you are able to integrate marketing, follow-up tasks and not have it all in your head. Those are more on the practical side in terms of getting those started right off the bat. Even if you don’t have contacts, create your mom as a contact. Start playing with the fields. Start playing with the options that are there seeing how things work. Something that we were told and some of our mentors have shared is your power is how many people you can reach. Once you have a CRM and you have a way to be able to reach out to those people, that is where the power starts. Iyou know one million people but you can’t easily reach out to them, then how much are you being limited at that point? 

I want to recap some of the key things that I took from this episode with both of you. Number one, we talked about vetting sponsors and teams. You talked primarily about having that wrong driver in the seat. Making sure you understand who is driving that deal, that investment and understanding who that person is. Do you click with them? Do you share the same values? Are you aligned? If you are not, make sure you respect that to be likeI’m not going to move forward on that particular deal.” Vetting markets, doing your online research, looking to make sure that there is that diversity of the job and there is job growth going on. The employment levels, the median house income and making the decision to fly to the market, especially if you are going to be making multiple investments into that market. Flying out there and getting to know the sub-market on a more intimate level. 

Moving on to your business, the decision to build a business in this space is being able to create your life around the business. For me, that is lifestyle by design. It’s no easy feat but being willing to take on the challenge to make it a reality so that way you have the ability to be there for your children when that time comes to then build the kind of life that you want to have. As you then talked about how putting in the time, effort and energy to make your dreams come true are so important. Second to that is believing in yourself, which to me is super important. It’s one of the things I say all the time. I believe in myself. I believe I can do this.” 

LUR 75 Daisy Serrano | Private Equity Real Estate

Private Equity Real Estate: Your power lies in how many people you can reach.

 

The commitmenttaking consistent action and showing up is so important. In this episode, I’m so glad that I had you on. There are so many good gems and things I took away, as well as an inspiring story of young Millennials who are making a decision to take risks, to build a business and to impact the lives of other people, as well as their lives and the lives of their own family as well. I’m happy to have you on. If my readers want to learn more about you and Make It Rain Capital, where do they go to learn more? 

Thank you so much for having us on, Lisa. We had a blast. We are excited to see you grow, to be able to support, be part of that tribe and that community behind you as well. People can reach us at MakeItRainCapital.com. There you will find our contact information, ouInstagram, LinkedIn, and everything else. We will make it nice and simple. 

Thank you both. 

Thank you, Lisa. 

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About Daisy Serrano

LUR 75 Daisy Serrano | Private Equity Real EstateDaisy serves as Managing Partner for Make It Rain Capital, a private equity multifamily investment firm focused on acquiring apartment properties.

Daisy is also a limited partner in 445 units in Central Texas (totaling $36.8MM in value). With over 10 years of experience in international education and management, she has worked with clients from over 25 countries and managed international government scholarship accounts totaling more than $10 million.

She is a leader with the Women’s Real Estate Network (WREN), Real Estate Association of Latinx Professionals (REAL), and Multifamily Masters Austin. She previously served on the Los Angeles Chapter Board of Prospanica: The Association of Hispanic Professionals.

Daisy’s goals are to help more people (especially millennials!) have opportunities to invest in real estate multifamily, uplift and empower her community through mentorship/access, be a positive role model for her family, and retire her parents.

She holds a Bachelor of Science in Criminology from the University of La Verne, a Master of Science in Higher Education from California State University, Fullerton, and a Business Foundations Certificate from Wharton University.

About Luc D’Abreau

Luc is Managing Partner for Make It Rain Capital, a private equity multifamily investment firm focused on acquiring apartment properties.

He is a limited partner in 445 units across two assets in Central Texas (totaling $36.8MM in value), has 10 years of industry experience in commercial & residential construction projects valued at over $750MM, is part of the National Black MBA Association, African American Real Estate Professionals, and chapter co-leader for Multifamily Masters Austin. His goal in real estate is to create generational wealth, leave a legacy, and provide a better life for his family and community.

A native Californian, he now lives in Austin, TX with his wife and business partner, Daisy. He enjoys brewing specialty coffee, throwing kettlebells around, and cooking delicious meals.

He holds a bachelor of science in architectural engineering from California Polytechnic State University, San Luis Obispo, a master of science in civil engineering from the University of California, Los Angeles, and a master of business administration from the University of Illinois, Urbana-Champaign.

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