All Forum Posts by: Jeffrey Donis

House is a great strategy. Are you looking in specific markets? I recommend doing some market analysis on areas nearby where you currently are and then choosing to build relationships with agents/brokers in that area that deal with smaller MF. This will help you find the best deal! 

Everyone has provided great resources. One thing I like to do is reach out to someone I know in the area and ask them if they are familiar with the specific neighborhood/what their thoughts are on it. 

Well said! Being an active investor isn't for everyone but that is why there are opportunities for people to invest passively. Takes a different set of skills to succeed on the passive side, but nonetheless it fits some better than being on the active side of things. 

Very interesting! Thanks for sharing. 

Hey Sara!

As many have mentioned, finding anything over a 6% cap is difficult. Not to say that those are not out there- you could try being direct to seller and eventually you may find one. However, a 10% cap is not something we have seen...again you could have some luck if you were to go off market. It is a numbers game but the amount of time, money, and energy spent on marketing to find these would probably not be worth it. I suggest coming up with some foundational goals you would like to achieve- certain amount of cash flow, what markets, # of units, year built, asset class, etc- and then start looking. You can build relationships with brokers/agents depending on the unit size, or as I mentioned going direct to seller if you are experienced with the marketing that it will take to find these deals. 

Let me know if there is any way I can help! Best of luck. 

Thanks. 

Great explanation. 

Hope all is well! 

Congrats Paul! Great to hear and I wish you the best. 

Here are the first things that come to mind- however it is important to understand that RE is a long term game and in order to get something of value something of value has to be given whether that is time, energy, or money, etc. 

You could try finding off market deals by going direct to seller. You would have to learn what a good deal is and how to analyze them.  Once you find a deal you can partner with someone else. This would be a great way to build a track record, build your own portfolio, and learn. 

Once you get some experience you can start leveraging OPM (other people's money). This will help you by being able to purchase more properties meanwhile you are helping people get a return on their money. 

The last thing that comes to mind is learning how to do seller financing and finding a seller that is willing to do that. I have done and seen multiple deals where sellers are willing to finance their properties for little to no money down. If you can structure it to the pint where it cash flows and makes sense for all parties involved, this is a great way to reach your goal of 10+ units with limited capital. This would take a lot of time to find the right sellers + learn how to execute properly. 

Hey Alex,

This may vary based on your buying criteria- class type, unit size, location, price, etc- most of the markets you mentioned I have not invested in but I have heard good things. I am personally familiar with GA as it is one of our target markets. A lot of people look in GA for the same reasons I do lol. 

Some indicators you can look art are- job growth, employers in area, median household income, rent rates, crime in the area, etc. 

Let me know if there is any way I can help.

Hey Phillip!

I recommend looking for someone to partner with who has the experience you can leverage. This will help you get into more deals and have lenders, brokers, investors, pretty much anyone you speak to take you more seriously. If you bring them value- perhaps in the form of a good deal- then this is a way for you to find a partner and make it mutually beneficial. 

Let me know if there is any way I can help!

Thanks.