All Forum Posts by: John Casmon

I started by building my own personal portfolio with my wife. Eventually, we realized there had to be a more efficient way and I spoke to a few folks who were working with investors or OPM (other people's money). I hired a mentor and joined in on my first deal as a GP before leading a JV deal and then leading syndications. We have now invested in close to $100 million worth of apartments.

This was all over the course of 7-8 years as I spent the first 5 years on our own portfolio before working with others.  The trigger was the dejection I felt after investing over $100k to buy an 8 unit in Chicago. I was less than enthusiastic about having to save that much again to be able to invest when my goal was to insulate myself from my day job. Felt like I was hustling backwards and needed to reassess what I was doing. Those conversations with others working with investors was pivotal.   

Absolutely! Focus on the skills you bring to the table. If you are OOS, you need team members who are on the ground and defined roles and expectations. 

@Lee Yoder

Great lesson here! When managing a larger property you have to rely on your team.

@Joshua Espejo

We’re typically looking for a 75-200 unit property in a B class area. We have other specifics, but I won’t bore you with that. The most important thing for us is understanding the story and deciding if we can create the value our partners are seeking in an investment.

@Joseph Cornwell

Thanks Joe! Hope to catch up with you in person soon.

Yes, our PM team handles the lion share of these discussions but when you're onsite at a property, you will get the pulse of the community. 

@Logan Jamieson inflation is happening. The Consumer price index (key inflation metric) rose 5.4% for the year as of last month. That means that $300k you have just lost $16,200 worth of buying power and is effectively worth $283,800 now.

I’d suggest investing in cash flowing properties with upside potential. As someone else mentioned, timing the market is less important than time in the market.

I think the SFR market will pull back but I don't see a slow down for multifamily.

@Zachary Elliott agree. It always comes down to communication. People need to know what to expect and you need to follow through to maintain expectations.

That's a wild one for them to try. Pushback from tenants is normal, but using the "we paid the last guy" scheme seems ridiculous.

Thanks Michael. I'll send a PM on deal info.