Real Estate Agent · East Texas · Member since 2020 · 53 posts · 14 votes
Hello, I am a Realtor and new investor out of Tyler, TX. I am looking to start investing in multifamily properties and would love to connect with someone to gain as much knowledge as possible! I want to purchase my first property by the end of the year. Any and all information is great. If anybody has experience in seller financing or creative financing to acquire these types of properties please reach out!
Conner, I am wondering how you have done. I am in the mineola area, and have a few rental myself. Did you ever get into passive investing? I am looking for anything like that in East Texas or a mentor....
Real Estate Agent · East Texas · Member since 2020 · 53 posts · 14 votes
3y
@Zachary Ware I’m looking in Texas. I want to try and stay within a few hours from where I live currently. So that could probably get me into parts of Oklahoma or Louisiana
Are you looking to invest as an active or passive investor? What size property are you targeting?
I’m looking as an active investor, although passive has some interest of mine. I’m targeting 2-12 units at this time
It's pretty normal to see investors who are wanting to grow their portfolio target smaller multifamily, in fact, I did that myself 10+ years ago.
The challenge we found was that it is harder to manage the smaller properties since they cannot support a dedicated leasing person and a dedicated maintenance person. We found that depending your market, you need at least 75-100 units for this.
Are you looking to invest as an active or passive investor? What size property are you targeting?
I’m looking as an active investor, although passive has some interest of mine. I’m targeting 2-12 units at this time
It's pretty normal to see investors who are wanting to grow their portfolio target smaller multifamily, in fact, I did that myself 10+ years ago.
The challenge we found was that it is harder to manage the smaller properties since they cannot support a dedicated leasing person and a dedicated maintenance person. We found that depending your market, you need at least 75-100 units for this.
75+ units is a little bigger than what I would want to start out with. Understand that you’d need that much to be able to have dedicated leasing person and maintenance. But if it’s 2-12 I could handle all leasing, or use a property management company. As far as maintenance I could find a handyman or someone in line with that for routine maintenance. 75+ is most likely out of my price range as wel
Are you looking to invest as an active or passive investor? What size property are you targeting?
I’m looking as an active investor, although passive has some interest of mine. I’m targeting 2-12 units at this time
It's pretty normal to see investors who are wanting to grow their portfolio target smaller multifamily, in fact, I did that myself 10+ years ago.
The challenge we found was that it is harder to manage the smaller properties since they cannot support a dedicated leasing person and a dedicated maintenance person. We found that depending your market, you need at least 75-100 units for this.
75+ units is a little bigger than what I would want to start out with. Understand that you’d need that much to be able to have dedicated leasing person and maintenance. But if it’s 2-12 I could handle all leasing, or use a property management company. As far as maintenance I could find a handyman or someone in line with that for routine maintenance. 75+ is most likely out of my price range as wel
That is exactly why many of our investors prefer to invest in our syndications or fund, so that they can pool their resources with others and get the benefits of scalability, all while remaining passive.
Conner, I am wondering how you have done. I am in the mineola area, and have a few rental myself. Did you ever get into passive investing? I am looking for anything like that in East Texas or a mentor....
Conner, I am wondering how you have done. I am in the mineola area, and have a few rental myself. Did you ever get into passive investing? I am looking for anything like that in East Texas or a mentor....
I just private messaged you, looking forward to connecting!