BIGGERPOCKETS!!!! WHAT'S UP!!
I've been on the site for a few years (since I was 20, now I'm 25.) but really feel overwhelmed with all the information flowing through the internet on Real Estate Investing, specifically with Multi-Family Investing.
Right now, I'm currently the proud owner of Revitalize, a Commercial General Construction and Facility Maintenance company in Houston, Texas
I've been doing this for 4 years and feel that my team of 25 is moving up, but a lot of my resources are tied up in this company trying to grow..
Here's the thing.... I want to create FINANCIAL FREEDOM. But I don't have a whole ton of capital available for investing (YET).
I understand, very well, the following things:
1) Team Building
But I'm having a hard time grasping Real Estate in general... I'd love to start syndicating Apartments that have deferred maintenance or need a management revamp.
I kind of understand the process....
1) Find a deal
2) Analyze the numbers
3) Make an offer
4 or 5) Walk Property and create assessment (ROOM BY ROOM) / Raise Capital?
What should be the next step for me?
I do have a budget for Marketing and would be willing to hire a VA, but I feel like I should get my feet wet first...
Any suggestions would be AMAZING!!
- Luis "MR. REVITALIZE"
Thanks for your speedy reply... two things...
1) I'm familiar with BRRRR.... but my credit isn't the very best!! I tanked it when I first started Revitalize... Should I consider this same strategy with Private Money? I'm just not sure how to structure deals that make sense, since of course I've never done it.
2) I don't do the construction myself, I'm just a sales/marketing guy who understands project management and I have the crews readily available... I feel like the deals where I would win the most are the larger multi-family deals, which I'm not afraid to chase... I just don't understand the mechanics behind it all 100%
JOSH BOOOOOOOM!!!! Brother, this is gold. That's a great first step. Thanks for the advice!
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