The mindset shift going from single family to multifamily
Tuesday, May 07
When I started real estate in 2006 my main goal was independence. I didn't want a boss anymore. But I also didn't want employees. I liked being a "solopreneur" and this was what I did for many years. I did hire an virtual assistant about 2 years ago but other than that I've always just done deals...
The importance of mentoring and networking in multifamily
Thursday, May 02
So we are getting closer to pulling the trigger on our first passive investment in multifamily. I'd say we are about two weeks away or less from doing this. But I am definitely interested in being more than just a LP (Limited Partner aka passive investor). But I'm not crazy/brave enough to just j...
Vertically integrating vs outsourcing in multifamily
Saturday, April 27
So far, in my very limited experience it seems like there are two basic models that syndicators are following: Vertically integrating and outsourcing. I see some pluses and minuses on both strategies.Vertically IntegratingThe syndicators I've met and talked to that vertically integrate tend to be...
Meeting with a syndicator and looking at more apartment in San Antonio
Thursday, April 25
So I headed back to San Antonio today to meet with another syndicator and look at some property. Now that I've spoken to more operators I wanted to look at their property in San Antonio to compare what they have. It's always interesting to see the deals that some people want and other people reje...
My first apartment syndication due diligence walk through!
Friday, April 19
So today was a lot of fun! I was able to meet up with an apartment syndicator in San Antonio to do a due diligence walk through of the property. This meant that we got to walk through every single unit on the property (there were 200). We split up in teams of three. I was partnered with one of hi...
Why I'm switching from single family homes to multifamily
Tuesday, April 16
I'm not trying to reinvent the wheel. Most people nowadays know the argument for multi-family vs SFR's. I've been involved in buying, selling, renting, renovating, and owner financing SFR's and mobile homes for 13 years now. It's had ups and downs and has made me a decent living but it also feels...