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All Forum Posts by: Adam Lacey

Adam Lacey has started 16 posts and replied 278 times.

Post: Understanding Ground Up Development

Adam LaceyPosted
  • Investor
  • Castle Rock, CO
  • Posts 297
  • Votes 159

@Greg Dickerson has a lot of good resources, between podcasts, videos and he also has a coaching platform.

Where do you live?

Post: Book Recommendations Starting Out

Adam LaceyPosted
  • Investor
  • Castle Rock, CO
  • Posts 297
  • Votes 159

@Ryan Moore David Greene's BRRR book gives a nice overview of many aspects in REI, even if you don't deploy the same strategy.

Poscasts are a great way to learn too. There are a ton of them out there and you get fast and free advice from a lot of people crushing it.

Also...The Lifestyle Investor by Justin Donald gives a high level overview of various strategies.

Post: What do you use for accurate rent pro-forma forecasting?

Adam LaceyPosted
  • Investor
  • Castle Rock, CO
  • Posts 297
  • Votes 159

@DongHui Patel I'll echo what @Nick B. Said. Secret shopping a property is the best if you have the time and ability to do so. Rent.com and Craigslist are other options, but not much different than Apartments.com

Post: Multi-family - New construction in Atlanta

Adam LaceyPosted
  • Investor
  • Castle Rock, CO
  • Posts 297
  • Votes 159

@Barak Duanias other than a broker, I'm not sure what company will have a CoStar report.

Have you considered trying to partner with an established developer in the area? Or even wholesaling the land to one? This might be easier if you don't have experience in the space.

Post: Turnkey multi family

Adam LaceyPosted
  • Investor
  • Castle Rock, CO
  • Posts 297
  • Votes 159

@Patrick Bergeron have you considered partnering with someone on a MF deal thats willing to take on more of the load? This might be a somewhat passive way to invest in MF without finding a turnkey company.

Post: Looking to purchase apartments for the first time

Adam LaceyPosted
  • Investor
  • Castle Rock, CO
  • Posts 297
  • Votes 159

@Matt Haman I'd say it depends on your goals. People have a lot of success in both of those routes. Most will tell you that it is much easier to scale with the larger properties. Multifamily is also a team sport. Very hard to take down a 100 unit complex by yourself. Once you get that large you are buying businesses, not buildings.

If you are set on working alone, I would stick with 1-4 units. If you want to work with others to scale then commercial RE might be the way to go. Best of luck to you. Reach out any time if you want to chat.

Post: Has anybody used NFT's or digishares.io to fundraise?

Adam LaceyPosted
  • Investor
  • Castle Rock, CO
  • Posts 297
  • Votes 159

Hey @Robert Frazier,  I'm very interested on this topic as well but admittedly know very little about it. Might want to see what these guys are doing though (https://libertyfund.io/). They have some basic info on their website and on podcasts. I know there was a conference in Austin earlier this years related to RE and blockchain tech.

Post: Looking to purchase apartments for the first time

Adam LaceyPosted
  • Investor
  • Castle Rock, CO
  • Posts 297
  • Votes 159

Hey @Matt Haman! I started investing in apartments myself a couple years ago. Education and networking are probably the two most important places to start. Happy to answer any questions you may have.

Post: Where can I go to find multi family properties?

Adam LaceyPosted
  • Investor
  • Castle Rock, CO
  • Posts 297
  • Votes 159

IMO reaching out to brokers is the best way to find multifamily properties, but you can also look at Crexi or Loopnet. If you're looking at small multifamily, sometimes they are listed on the MLS. I think realtor.com is the most MF user friendly of all the MLS search sites.

Post: Syndications for "Non-Accredited" Investors?

Adam LaceyPosted
  • Investor
  • Castle Rock, CO
  • Posts 297
  • Votes 159

Many syndicators take on non-accredited investors. I would reach out to a few and get to know them. Build a relationship with 4 or 5 and start looking at their deals.