All Forum Posts by: Jesse Daconta

Find a value-add apartment syndication to invest into. Apartment buildings that force appreciation are a much better bet in any market cycle. I feel your frustration with the stock market. Single family homes/small multifamily (4 units or less) and the stock market are based on the most illogical substance on the planet: emotion.

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Hey Mike,

I would recommend a syndication. Start building relationships with people who syndicate now because most syndications are 506B (you need to have a pre-existing relationship with a general partner as an accredited investor or sophisticated investor in the deal before you can invest). If you're an accredited investor, you can invest in any syndicator's deal without a pre-existing relationship so long as the investment is a 506C (these are only available to accredited investors).

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@Natalie Fryda

I've seen a lot of people get fooled into the "passive income" belief with owning SFH or small multi-family. It's anything but passive even when you have a property manager. You always have to manage your property manager and in the end you're still the one dealing with the insurance, price quotes, and a tenant that is threatening to leave if you don't have it fixed in 2 days when a pipe bursts at your rental. The only people who truly get "mailbox money" are those who own the note (mortgage) or investors in a syndication (money lending).

Sorry, I'll get off my soap box now lol...

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Hey Andrew,

Be careful! The real estate bug might bite you and you won't be able to stop loving it. Flipping is a good way to learn real estate in terms of repair values but it's another job. Connect with me if you ever want to talk real estate. Always happy to chat.

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@Rada Vassileva

Welcome! What type of real estate are you interested in?

Hey Tim,

You're not missing anything. Agents are more busy now than ever due to interest rates being so low. It's more worth their time to find a house for someone who falls in love with it (and overpay) than cater to an investor who may be turned down 10+ times to get accepted on 1 offer.

Keep calling agents. At some point one will put you on their list.

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Hey,

Random question: Do you work with a guy name Joe Daconta? lol

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Make some relationships with people who buy apartment buildings so you can be on of the investors in their deals. If you're interested in learning about apartment syndication I recommend reading Best Apartment Syndication Book Ever by Joe Fairless or you can connect with me to learn more.

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Hey Pete,

I'm not a CPA or lawyer so take what I say with a grain of salt lol.

You do not need to establish a business for a lot of the tax benefits. However, a LLC gives you better protection so long as you don't "pierce the corporate veil". If real estate is your only job, you can be considered a real estate professional but if you have a full time job this isn't possible. If you have a wife that doesn't have a full time job and she obtains a real estate license, she can be considered a real estate professional and all "losses" from you real estate can roll over into your earned income.

I hope this helps in some way,

Hey,

Have you thought about being an private money lender for apartment syndications? You receive all of the benefits of investing in real estate without all of the legwork.The general partners complete all of the necessary legal paperwork for you. I recommend reading The Best Apartment Syndication Book Ever by Joe Fairless or you can connect with me if you want to learn more.

Best,