All Forum Posts by: Ellie Perlman

@Dante Pirouz - there are many advantages to buying multifamily properties: they are easier to finance and you enjoy economies of scale. I started with multifamily and skipped the single family phase and it has been working great for me. If you feel that it's a bit above your comfort zone, partner with someone who is more experienced and learn this way, plus get a peace of mind. Scale. Go for it!  

Hi Mark - welcome to BP. I buy in DFW and happy to share my knowledge. Generally speaking, I see opportunities in the south part of Dallas - especially the Red Bird mall area - and in Fort Worth. 

Here's a link to a market report on DFW https://www.yardimatrix.com/Publications (I am not associated with Yardi in any way, but think it's a great resource). hope that helps.

Ellie

@Paul Sicotte - paying $20K to get access to deals and/or investor is one way to do it. You can network for free on conferences, meetups, BP, etc. As long as you vet the deal and the sponsor - you should be fine. Keep these $20K and invest them in a deal, and use the free platforms that are out there. Another benefit is that you get a diverse reach of different investors/sponsors, and not only from one source. Opportunities are all around us, and you are already in a great place to find them. I wrote an article about where to find syndicators (you can find it on my website). Good luck! 

@ Deepti Mandava - happy to chat and share my knowledge. I only invest in commercial real estate (multifamily) and only if they cash flow from day 1. Happy to share with you my experience and insights on investing passively and actively in real estate. 

@ Andrew Neal - I started with large multifamily deals right away, by partnering with someone more experienced than me. I did it because I wanted to scale, and buying ONE unit/single family home was just too slow for me. I am a system person, and look at everything as a process/system. It didn't make sense to do it any other way, because the system of buying single family homes one by one was not efficient, and here's why:

1. I need to sign multiple loans instead of 1 loan on a large building

2. Finding a property manager who will manage a few units or a single family home was not easy. They are not that incentives to manage small properties, and I didn't get into RE to deal with toilet issues myself :)

3. Unlike what most people think, going small is actually RISKIER than buying larger properties. Why? because a if your only tenant leaves - you are not covering your expenses and loan payments until you find a new one, and that can erase your cash flow for the whole year. Easy. If you buy 10, 50 or 100 units, then even if 5% is vacant, you can still be cash flow positive. 

Hi Andrew!

I used to live in Boston, currently in LA. I own multifamily properties across the US. Happy to chat over the phone and share what I know.

Good luck!

Ellie

@Malcolm Chelliah - I think that investing with a group of investors will be a step in the right direction. This way, you can keep focusing on your residency and develop your career. Owning and managing real estate on your own takes time, effort and is not a truly "passive" investment. When you invest with others, you don't own 100% of the property, but get a peace of mind and get some experience as well.  

@Joseph Schreiber - congrats on your success! I'd invest it in multifamily and wither find a building to purchase, or take those $600K and divide it among several investments - which is the preferred way - $50K to $100K in each. if you invest with syndicators, then they can find, finance and manage the deal and you can reduce your risk by diversifying. Before you do anything - educate yourself on multifamily. There are many good free resources out there. You can check my website and read my blog for instance. Good luck!

Usually, you submit a letter of intent (LOI) and if chosen by the seller, you start negotiating for the sale agreement. After that you start a due diligence process, sign on the loan and close. This is the process with large multifamily deals at least.

This is a 1 hour educational session, followed by a mingle.

Come and learn how to analyze multifamily deals and make sure you cover everything you need to in order to make the right decision in buying real estate. The main goal of this session is to make sure you have a good basis so you can understand deals that syndicators are bringing to you.

During the meetup I will cover:
- Basic concepts of multifamily deal analysis
- What numbers you need to keep an eye on
- What questions you need to ask syndicators/deal sponsors

Whether you are a seasoned passive investor or considering to become a passive investor, this session will bring you a lot of value.

This meetup will allow participants to ask questions and get to know other passive investors.

THIS IS AN ACTIONABLE, NO BS SESSION. The main goal is to equip you with the right knowledge of passive investing and to make you a more educated and sophisticated investor. Any sale or solicitation is not allowed.

What to bring? pen and paper to take notes.

Parking: street parking (free)

Please make sure to RSVP.

--Coffee and snacks will be served---

RSVP to the Meetup