Flipper/Rehabber · Charlotte, NC · Member since 2016 · 24 posts · 6 votes
Hello BP community, are there any local (within 40 miles) investors who have experience with deal syndication on multifamily properties? I have really fallen in love with that type of deal structure for many reasons, but mainly I am excited to see the returns you can achieve when teaming up with other investors. Most of the local REIA meetups here are primarily focused on single family and wholesaling (yuck), and I have yet to meet a financially free wholesaler! Thanks!
Rental Property Investor · Charlotte, NC · Member since 2015 · 15 posts · 11 votes
9y
Wholesaling is a "job". Rehabbing is a "job". Each job will pay you one time a lump sum and then you have to go an do it all over again. Being financially free happens by creating passive income through buy and holds. When the asset you buy pays you $200+ a month but you only had to buy that asset once.... that's passive income that leads to financial freedom.
Whether you team up with other investors to buy MF, leverage your own money to make multiple SF purchases, or learn strategies to use other people's money (such as owner finance).... you will still learn a ton of valuable information from attending local REI meetings such as Hobby Millionaire. Not everyone is focused solely on SF. But there is plenty of information available that will apply to both SF and MF as well as lending money and note buying.
Don't under estimate the value of networking with other local investors. You never know who you may help.... or who can help you.