All Forum Posts by: Alberto Camacho

Investing is not just about the deal but one's tolerance for risk. In this case the lead assembling the deal may be able to handle the risk but the passives can't or won't. It doesn't necessarily mean its a bad deal. Maybe the terms aren't to everyone's liking or even expectations from the passives are too high. Sometimes it happens that way. 

Remember leads are people too. I've sent back a PPM and asked for clarification on items that didn't add up to me. Keep networking, evaluating PPMs and don't stop there. Talk to others that have invested with the leads you relate with, do background checks and ask to review their financial position. It takes some work but it won't be long before you find the right people and the right deal.

Hi Nam, 

MF investing is a great niche. Team up with a seasoned investor while you learn the ropes and develop your connections. 

The 1% and 2% rules of thumb are just that. I'd recommend you concentrate on evaluation properties and seeing what fits your investing goals. You could be passing up excellent opportunities if you get stuck on the 2% thing. How much cash flow would you consider good? Will you manage your own properties? As far as rentals go, DFW has a excellent rental market.

All of them :) Tarrant, Collin, Dallas and Denton.

TILA-RESPA Integrated Disclosure

http://www.consumerfinance.gov/regulatory-implemen...

Hi Anton,  Welcome to BP! 

Now your question is a personal one. I don't see a problem renting if the rental is way below your means. The 'means' part is where the personal portion comes in. 

I'm married now and my wife will put up with anything. Just past relationships weren't like that. There are certain lifestyle changes all of us are willing to accept to get a more prosperous future. In my case past personal choices got in the way. 

So the real question you should be asking yourself is what do you want out of life? Are you searching for freedom or wealth? At "way over $100k" I'd be reducing my expenses so I could save up for passive multifamily investing. My goal is freedom from a cubicle. I enjoy working. I just don't want to be tied to a location. Money is an important aspect of that goal but if it ties me to a location it doesn't meet my investment criteria. 

Now everyone has to start somewhere. I don't know your personal situation so it tough to say what you should or shouldn't do. It obvious your rent is paying someone mortgage. 

 Looking forward to the meetup! Thanks for setting this up. 

 You also have the chance to team up with a MF investor you can trust. Assuming you have a pocket deal this might be your ticket into the MF market.

No worries, I thought you knew something I didn't. Better than giving you my contacts I'm going to show you I how cultivated those relationships. Since your on the west coast going to local REIAs wont work. I'd recommend calling a bunch and finding someone your happy with. REI friendly companies are easy to find in the vendor approved area REIA meetups. The Dallas Real Estate Investor Expo has a bunch of exhibitors and sponsors listed. Its fairly easy to find all sorts of resources this way. The companies performing REI services are advertising all over the place. They want your business. I've been better able to gauge things when I ask specific questions. For example..how many double closes you've personally handled in the last 6 months? Don't forget to ask about TRID\RESPA impact as well. Some companies are over-reacting to changes and this might impact your schedule.

Why would you want a blind HUD for a double close? A-B transaction information isn't going into the B-C transaction.