All Forum Posts by: Dan Rowley

anything requiring 'membership' costs that high are suspect IMHO.   I'd look at other options

Be careful what you wish for... if you find a property meeting the 2% rule it must be deeply flawed (extremely bad neighborhood or a wrecked foundation or something like that).

It's debatable who are 'fake' gurus and why.  But a recent posting on LinkedIn kind of exemplified for me the mentality.  The post contended that MBA degrees are not worth much anymore because these days entrepreneurs can just 'on their own' get large social media followings and then they can be positioned to market and capitalize on their audience. 

This tells me that for many it's just all about the sizzle and who cares about the steak....  Sure marketing is important for any business but it's not the foundation of a solid business.

Hi Drew,

@Drew Harden

We are active in multifamily investing in Greenville.  PM me and I can give you more details.

@Andres Ruiz  Are you looking to buy your own properties or do you co-invest in syndications.  If the latter I can help you find cash flowing deals in the Carolinas.  Dan

@Kyle Curtin  Absolutely it's wise and very valuable to be LP investor first!

@Shilpa Matlock  a property today purchased with a 6% loan will perform (financially) much worse than the same poperty/price a year ago with 3.5-4% interest loan.  I'm sure you're accounting for this, right?

@Greg R.  what real estate market are you referring to?  There is not a single market every metro/submarket has different dynamics.  There are markets that will correct more and some that may correct very little if at all.  And not sure why 'crash' is the term being used most often I think it's because it's a more dramatic headline that gets more clicks and attention.  If a market/pricing is going up rapidly (bonkers in some markets) we should not expect that to be the norm and have to expect a correction back down at some point as that level of increase is not sustainable (except via the easy money / inflationay policies of the last several years).

While the depreciation benefits of real estate are real and nice, one should not let the tail wag the dog.  There are a whole lot of other considerations for syndication investing.  And as others here have mentioned already it will not offset W2 income unless you meet REPS (real estate professional status), which is not an easy thing to do unless you are very active in a real estate profession.

@Chris C.

There is no right answer it depends on the individual, but for me currently syndications are more appealing.  The main objective for me is cash flow and TTL $ returns.

I think you have to take what the market gives you.  You can certainly look at buying something yourself, but I have looked and over the prior 1-2 years, there is just not much decent stock available (i don't like C or D class housing generally) that will pencil out to provide cash flow, due to the escalating prices and now it's even worse with higher debt costs. In strong/growing markets you could find decent rentals to buy a few years back, but now that is extremely difficult in the current environment.