All Forum Posts by: Chris Tracy

*Disclaimer*- This is not meant to be legal advice, but the short answer is: Yes sir.

It's all about having solid property management- they will make you or break you.

@Carlos Casanueva- like @Andrew Johnson said, it basically comes down to if you want an active or passive role and fyi... you can go much bigger than 40-50 units my friend.  Generally speaking you would want something at least 75 units, so you can implement some quality full-time property management.  Also Carlos, I got your email and I'll try to dig up that stuff you were asking me for.

@Phil Christian @Julius Swolsky- My fault... lol

For one of our recent student housing acquisitions, our team made a video and the school played it up on the jumbotron at a sporting event.  It was reported to us that it helped with brand awareness, the students liked it, etc... the play being to increase occupancy for our deal.

@Jeff Greenberg- student housing is your wheelhouse... Got anything to add?

Get your CCIM.  It will give your clients more confidence in working with you.

@Mauricio Ramos- Do you have an attorney that specializes in syndications?

@Jacob Prelle- You don't necessarily need to use your money, if you're on the management side.  I don't have a dime in the deals I mentioned.  I'll inbox you a video I made that will help explain things more and give more direction if you want to go that route... but you want to be a passive investor?  Of course you could always play both sides of the fence and be a syndicator as well as have a little of your own cash in a deal.

@Jacob Prelle-  Can I realistically buy an apt building (as many doors as I can) on that income? Or should I be looking into some alternative? That's the beauty of buying larger apartment buildings is your personal income and credit score is irrelevant.  This game is not like residential.  You would ultimately partner with people- that is the workaround.  Also, you don't have to move your family around the country to do this business.  I live in CT.  My partners live in CA.  We own properties in GA and AZ.  It's amazing.