Flipper/Rehabber · Canton, GA · Member since 2021 · 32 posts · 27 votes
Good morning BP audience
I am new to the world of real estate investing, but am well informed of the construction side of the business. I’m seeking knowledge on how to “Go Big” for our first deal and am look at 100+ doors. Any insight/advise?
Find the money. Few agents/owners will be willing to spend time with you poking thru dozens of units if you have no possibility of funding a deal. Check out articles on this site regarding syndication, equity partnerships, etc.
Find the money. Few agents/owners will be willing to spend time with you poking thru dozens of units if you have no possibility of funding a deal. Check out articles on this site regarding syndication, equity partnerships, etc.
I am new to the world of real estate investing, but am well informed of the construction side of the business. I’m seeking knowledge on how to “Go Big” for our first deal and am look at 100+ doors. Any insight/advise?
Matt
Hey Matt!
I recommend spending some time educating yourself on how to raise money as mentioned above- also check out real estate syndications. The first book I read was Joe Fairless's "The Best Ever Syndication Book".
Also being active on BP and reading any and all of the forums that interest you can help you gain more knowledge on the topic.
Networking is very key when you are new so keep that in mind!
Nice, I’ll have to check it out. Have you been able to purchase any apartments yet?
Not yet we are in the beginning stages! However we are hoping to do so very soon- starting to send out LOIs and buildings relationships with brokers+building out our team!
I’ve been hearing the burst is coming for two years now, yet 7 out of 10 transactions I’m hearing/ seeing are done with cash. Our housing is not meeting the demand of potential homeowners and cost to build is up. Banks are carefully selecting who they are lending too, so I’m not sure how much longer the rising prices will be going on down here.
Do you have any indication that we are in a bubble?
Currently most all pending foreclosures are currently frozen. Besides the ones in default, there are countless others under the "moratorium" classification. That's just on the residential side of things. Commercial properties are another story. When the moratoriums are lifted along with the forbearances, we will see a shi# storm like we have never witnessed. These mortgages are backed by something...like people's 401ks. 2008, 2009 was bad enough. When this bomb goes off, it will be much worse. This is easy Math folks. I have been in this game a long time. Don't know when it will happen especially when these governors put these unlawful oeders in place.