All Forum Posts by: David Danforth

Erica, a good source it utilize is meetup.com. 

Ben, congratulations on your latest acquisition!

Calvin, another option if you wish to stay with multi-family as your first investment is to consider partnering with someone who is experienced in large multi-family arena, you may have to give up some equity, but you will have someone who can act as managing partner to help guide through your initial investment.

The economic make-up of the market the property is in is also worth investigating. 

Dave Lindahl's "Multi-Family Millions" is also a good read. 

Some of the commercial brokerage firms offer great market research, also sources like IRR and Marcus & Millichap can be of help.

A couple of other good books on apartment investing are Joe Fairless's "Best Ever Apartment  Syndication Book" & Dave Lindahl's "Multi-Family Millions". 

A good book on researching potential investment growth areas is "Emerging Real Estate Markets" by David Lindahl. I agree with the earlier posts regarding some of the commercial real estate brokerage firms research like Marcus & Millichap, IRR, etc., which are great sources for annual, semi-annual & quarterly analysis. In addition to those sources some of the area monthly & weekly business publications, & the business sections of local newspapers can provide solid current information.

If you decide to raise private money a good place to network will be your local REIA meetings. If you live near a urban center (I noticed the Union County, NJ reference) there will be at least a few REIA events, & maybe even some that is strictly for multi-family investors. I find the meetup.com is a good source.

One of Dave Lindahl's books was mentioned earlier, "Multi-family Millions", he also wrote a book, called "Emerging Real Estate Markets", this book provides a research based strategy to consider apartment buildings in growth areas around the country.