All Forum Posts by: Colton Hahn

Absolutely hit the nail on the head, we invest in multifamily in the midwest and our LP's have found returns (audited) of an avg of 31% IRR over the last 12 years.

1 Vote

Nashville, Tennessee

Quote from @Ra’Jon Belyeu:

Greetings Bigger Pockets Community!

I am a former college athlete (basketball) and I am hanging up the shoes to pursue Multi-Family rental property investing full time. Cash Flow is King. I currently live in the Central Coast part of California, but I am looking to invest in Phoenix, AZ or surrounding cities. I used to wholesale in 2020 in other markets but never had a deal go through, which lead to me scrapping that idea to focus on basketball and school. With that being said, I have some knowledge in the real estate business, now I am ready to go all in. I don't have much capital built up right now but I do have good credit and lots of time.

Please I would greatly appreciate anyone to reply with any words of advise of any type. I would love to connect with as many people as possible though BP!

Great Success!

Good luck man, its going to be an exciting journey. If you have any questions on multifamily feel free to hit me up, love getting to know people in the space :)

0 Votes

Quote from @Christopher Burge:

@Devanand Ramachandran @Ramon Jenkins I am currently in the multifamily bootcamp. It is geared toward large multifamily deals. Mostly focused on syndication but we have mentioned joint ventures. Content wise, I think you could learn probably more from reading the Multifamily Millionaire Vol. II from Biggerpockets. There is a lot to learn and they only have so much time so they have to keep it pretty high level. There have been a few gold nuggets in there though. The value I am seeing is we spend a good bit of time to Q&As. You could likely get that from these forums as well but the live aspect is nice. Also, you get "homework" or tasks to do that help guide you through the process. For example, for market selection, they give you some things to look for (ex. medium income, average rents, etc.) and then challenge you to select some markets and do the work then come back with questions. I am new as well though. I have done my first multifamily deal as a limited partner on a 200 unit and now looking to work on the general partner side.

Good stuff man, love seeing stories on what people are doing to educate themselves and improve their lives. Good luck on the GP journey, and if you have any questions on syndications feel free to reach out!

2 Votes

Hey Matt,

I used to be a loan officer for a not for profit company called AAFMAA, that exclusively deals with military members. I would reach out to them and see what rates they can get you, as well as some local banks/FCU near you.

VA Loans are such as powerful tool and smart to recognize that you should be using that benefit!

0 Votes

Hey all,

I wanted to start a discussion on here based on a conversation I had with an investor this morning. He will be liquidating all of his properties and had questions about 1031 exchange vs investing into our latest syndication offering. His investable capital after selling will be around 1-1.2m.

I feel like sometimes we, as people, get so fixated on the known, easy solution we lose sight of what we set out to do in the first place, which is maximize returns not only in the short term but the long term as well.

Ultimately he chose to invest with us, and it was such a great conversation I wanted to hear other's point of views on this.

What are your thoughts on 1031 exchange into different properties vs taking the profits and putting it with a syndicator?

0 Votes

I do not know if I agree it is the BEST, but Ohio (and the midwest) are so strong and resilient. We invest in the midwest exclusively and have had some very strong numbers as well.

5 Votes

Cleveland, Ohio

Quote from @Jacob Setzer:

Hey BP community, I've gotten extremely lucky over the past year or two in the crypto space and am looking to diversify my portfolio into more "real" assets. Purchasing real estate (likely for rentals) is the market that I've been leaning towards getting into the most. But besides somewhat blindly purchasing my first house I'm pretty much clueless here :)

I'm looking for any tips, tricks, advice, incredible threads in the forum that I can use to further research the space. My primary goal is to build up a stable of rental properties, and continue to grow those properties with either the equity gained after sale or cash that comes from them. I also am currently in AZ, with my eyes on CO, but wouldn't necessarily be averse to purchasing in other locations.

My current financial situation:
- Income is up and down as I quit my full time job to become essentially a crypto day trader late last year. I'm conservatively planning for my income to be around 90-100k annually going forward.

- Assets are:

- 750k-1 million that I plan to use to invest in real estate with

- Current house where I have around 125k-150k in equity

- 60ish k in 401k

- no major debt besides the house

Any help would be greatly appreciated!!

- Jacob

Hey Jacob,

Congrats on doing so well, thats so awesome man!

There are endless possibilities to consider here. You could start investing in real estate actively, some people are really into the house hacking and BRRRR method. These take up a lot of bandwidth, which you probably have some of being a day trader.

You could also invest in real estate passively with a syndicator. You would effectively trust that company to be stewards of your capital and invest it in properties. Your biggest hurdle would be vetting 5-10 companies that are in the markets you believe in and finding out which one you most align with. This would be a thorough process where you comb over every possible detail of their business plan. You'll find you align with some, and others you dont!

Good luck and feel free to message me with any questions :)

1 Vote

Tucson, Arizona

Quote from @Brian Kantor:

Hi there. My parents are selling a commercial property they own in full that's held in an LLC (of which they are partner members. Can they 1031 exchange the proceeds from that sale into a syndication deal as a limited partner? If so, what would be the stipulations or things to consider?

Thanks!

As Charles said there are ways to do it, generally speaking there are high barriers to do so though. Best of luck!

0 Votes

Quote from @Paige Harrison:

Hi everyone!

I am a single mom and physician in Baltimore, MD. I am eager to get into real estate investing, but keep getting stuck on how to start. I find that time is the biggest limiting factor. I also don't have any resources, or trusted contacts in the field. Ideally, I would like to have a rental property, and use a PM, so that I can be as hands-off as possible. I am also looking into syndications, but need to do a lot more research before jumping into that.

I would love to invest in a rental property out-of-state, and have been looking at WV. What is the best way to find out of state contacts that you can trust? Would I just find a real estate agent to see the properties for me? Do I ever have to physically be there for any out-of-state deals? Is this even possible?

Any help or resources is greatly appreciated. Thanks so much.

If you do consider syndications I would do as much due diligence as you can take. Trusting someone else to take care of the finer details is very freeing but also daunting. Ensuring your sponsor is doing things the right way includes things like vetting their acquisition standards, their track record and talking to investors who are in their deals.

Let me know if you have any questions on the process :)

2 Votes

Baltimore, Maryland

Monthly payments are what are considered in DTI ratio. Monthly debt payments / monthly income is the calculation

0 Votes

Glendale, Arizona

All Forum Posts by: Colton Hahn

Colton Hahn has started 5 posts and replied 313 times.

Post: Best Markets For New Investors

Post: A Beginning Investor

Post: Need a Bootcamp or a workshop

Post: VA best refi rates for cash out

Post: 1031 into another property vs investing profits in syndications

Post: Cleveland rental market

Post: Large influx of money, no idea where to start. Need help!

Post: Can you 1031 Exchange into a syndication as an LP?

Post: Investing with little time/experience

Post: Debt to Income Ratio