All Forum Posts by: Isaiah Miller

Go deep in podcasts, books, and local networking events.  Do that every day for 6 months then you'll be prepared.  Syndication is a great way to scale into larger deals quick but it's not easy to break into. Partnering with others that have more experience will be your easiest way to get into that space. 

@Isaiah Miller education and networking are the foundations you should focus on for now. Once you're knowledgeable enough about the space (and maybe you already are), finding and experienced investor to partner with of at least provide mentorship is key.

Books: Joe Fairless and Theo Hicks Best Ever Apartment Syndication Book; David Lindahl's book.

Poscast: Diary of an Apartment Investor with Brian Briscoe will give you the most value from an educational perspective.

Hit me up if you have any more specific questions.

Hey BP family! Im a 24 year old Architect looking to get into large Multifamily Investing. Any advise for a nubie like myself? Where can I find deals? What books should I add to library? Any emerging markets I should begin researching? I’m here to hear your stories!

You really need to get plugged in with a mentor group that teaches large MF investing. Even if you are buying the deal on your own, the brokers want to sell to someone that they know or someone that was referred to them (unless you are going to overpay). Also, large commercial lenders mandate that someone on the team has a solid track record when it comes to large CRE deals before they lend. You might also want to passively invest in a few large CRE deals. Then you can see the reports, analytics, best practices and what they are doing to drive up the NOI. I actually passively invested in 20+ large CRE syndications before I started buying on my own. Actually just started 2 yrs ago and picked up 3 large complexes (139unit, 260 unit, and 170 unit). I did pay a lot of money on a course with a MF investment group and they helped me fill the educational gaps. Also, check out some MF investment conferences. Think they have a big one in Charlotte and Phoenix in June and Denver in July. I will PM you if you want to talk about what course I took.

@Isaiah Miller b all day for a lot of reasons but especially for a first rental.

You say you put in properties on both properties. Do you have the ability to close on both if they are accepted? Be careful of your reputation. Backing out of stuff like that can come back to haunt you.

 Hello Isaiah, it sounds like you have a been doing your homework. With real estate, my mentor always tells me that you want to be in a great LOCATION. If I was on your shoes, I would pick the Property (B). I would be less headache for you and you are already in a great location!

Goodluck out there!