All Forum Posts by: Adam E.

@Jay Hinrichs @Brian Burke

I've always heard that self-storage does really well in recession. Is that because of the market's the owner is in? For example, if the ss is closely tied to a class a apartment building or neighborhood, then maybe those tenants will be okay enough to keep their storage as they downgrade their living space? 

@Jasraj Singh

Looks like I might be a bit late here, but I'd always say that picking your market based off of real numbers is the most important thing to do. If you look up "Neal Bawa analyze a market" on youtube, you'll find videos of a couple presentations explaining exactly what metrics to look for and follow. The 5 city-based metrics are 

1. Population growth

2. Median Household Income

3. Median House or Condo Value

4. Change in Crime Levels

5. 12-Month Job Growth

Most of the data can be found on city-data.com 

Once you've picked a market, definitely read David Greene's books to see how you should be managing and finding properties. Good luck!

@Maria Teo

I haven't looked for rates, myself, but that's about what I've been hearing from everyone. In all fairness 4.75% is super cheap still when looking at historical interest rates. Might not be as low as a couple months ago, but it can still help you take down a deal

@Frederick McCree

Hey no problem! Stay safe out there :)

Meetup.com has several good meetup groups in the area. Just go to their explore page and search for "multifamily" or "apartment" and several good ones will show up like Apartment Investor Mastery or Multifamily Investor Nation. I haven't been to these as I'm out of state, but I've heard good things. Good luck!

I'm new to the real estate world but I've been doing some marketing for a syndication company. Just curious what success anyone else has been having :)

@Frederick McCree

I agree with @Keith Perkins in that the refi will probably be a good way to consolidate that cc debt. If your current mortgage rate is low, maybe look into getting a second mortgage to just pay off your other debt but not increase your total debt too much in this time of uncertainty. Maybe a heloc? either way good luck!

@Ashley Kisselman

Try to look around for local mortgage brokers and ask them to walk you through a refi or ask for recommendations. Now that you have an idea of what to do from the replies you've gotten, it's probably best to talk to a professional. I'm sure they have time to chat right now too.

Good Luck!

This has been an absolutely fantastic series so far. I’m looking forward to this next one :)

@Lamont Marable

I don't want to say either is better, it's just that Neal's style appeals to me more. Vinney is absolutely amazing and I admire him and would love to learn more from him, but from what I've seen of him and people he has worked with, he focuses on raising capital and acquisitions, whereas Neal focuses heavily on asset management and business building which personally interests me more. Neal has a background in education and science, so he uses real data to back every decision he makes and his companies share a 'tech-startup' mentality from their day-to-day workflow to their structure, using scores of VAs and no physical office. He believes and it is apparent that the way Grocapitus works is the way all syndication companies will be working in the next decade or so because of how effective they are. That's partly why he gives up so much free information about how the company is run; everyone is going to follow along, it's just a matter of time. 

Anyway, to put it short: I don't want to say either is better; Neal's method is just so innovative and new that I think it'll be the only relevant method to be involved with in due time. 

Side note: at Multifamily University, the price tag is $0k. They just have to charge for boot camps because of cost of the hotels.