Updated about 9 years ago on . Most recent reply
Passive Investing / Joining a team
I have owned SFR's in the past but sold my remaining two a couple years ago as a move in my corporate job seemed to be taking place. That move did not happen as quickly as expected but I am now moving forward with building my network. I will be moving back to the Austin area and looking to move into mid MF investments. With my engineering and management background I fully understand construction and maintenance. I am thinking that being a passive investor would give me returns but could also hopefully give me an opportunity to learn from someone who is already successful by being a part of their syndicate in some function. Thoughts?
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Thomas,
You raised something dear to my heart. I think so many folks think that they have to leap into doing their own MF deals and they either are not prepared, don't appreciate the time involved, etc. I think doing a hybrid approach is a great way to start. There are sponsor out there that appreciate their relationship w/their investor and see it as a long term opportunity to educate first and foremost, make sure they understand the investment and its progress from E2E. That included frequent communications, reviewing the quarterly financials if desired. So, I have a lot of investors that simply enjoy the quarterly distribution. But others who are using it as a possible spring board to learn from experts and earn at the same time. Here's a post I wrote a while back on this. [Solicitation Removed by Moderator]