All Forum Posts by: Joe Archbold

Erik W Nailed it. There are investors all over the planet killing it in their market. Hard to define best. Certainly there are growth areas in most of the sunbelt. The Hot markets are just as hard to find and acquire good properties. I get listings pushed to me from reliable realtors that know what I am looking for in several markets, for the criteria I care about, to stay in touch with what is selling and at what price. You can remote your investment but then you have to rely on the team handling your investment. The easiest path and fastest route to participate in remote markets has to be through Syndication.

Good Luck,

Joe

Anthem Investing

To keep things ultra simple I split utilities based on Sq footage of each unit. I send tenants a spreadsheet for their portion of utilities to include w rent. Simple spreadsheet I plug in utilities and it breaks out for each tenant. I have never had anyone issues or pushback from tenants.they actually prefer not having to pay for their own gas, electric, garbage etc.

Mekdin,

I think it depends on how much involvement you want have. Active real estate investing will require your time and energy. becoming a limited partner in a syndication can provide excellent returns while letting the professionals run and manage the project. you can 1031 from that project into the next keeping your money working.

Glad to chat or share details on upcoming projects.

Regards,

Joe

Joe Archbold

Antheminvesting.com

Networking can be important depending on what strategy you choose to pursue. Are you going to be Active or Passive in you efforts?  Active meaning you have time to research a market, find that great deal and manage all or some of the aspects of that investment. If you are new to real estate or limited with your time, perhaps you should take a passive approach and invest with professionals that know their market and have a strong plan to provide solid returns. This will enable a new investor an opportunity to get involved early while they learn and build there own plan and of course network.

regards,

Joe

Joe@antheminvesting

www.antheminvesting.com

Mahinda,

The syndications are mostly a planned flip. like fixing a house and getting value for that it takes more time to renovate and repair or repurpose 200-400 units. Everything from the way the finance the property to the PPM for investors outlines their plan. if you want to have your money remain in the investment then you should consider a 1031 at the project end and roll on the next deal.

regards,

Joe

Bob,

Not all syndications require accredited investors. Most will have a baseline cashflow as the asset improvements take shape. The real value added effort in a syndication is at sale (typically 3-5 yrs hold) where the investor as a limited partner shares in the profits that can bring a 2X multiple to your investment. Glad to chat about your situation, investment objectives and potential projects coming from our syndicators.

Joe Archbold

Anthem Investing

Nancy, Just a couple thoughts- First, file the 5 day notice with county and pay the $250 for a sheriff to serve him. Even if he evades this the sheriff will note that tenant is not willing to comply. It will also show the tenant that you are serious. 

Second, If you can communicate at all via a letter let him know that through your attorney (whether you use one or not)  you will seek all back rent, any damages, as well as court costs when he gets evicted. Then ask if he would like to work it out.

Good Luck,

Joe

Isaac,

Welcome to BP and to Naperville. I am in Naperville and have been active in smaller buy and hold multi units primarily in Kane county. I have added almost 30 tenants over the last 5 yrs thanks to BP.

Happy to connect to share resources.

regards,

Joe

Damien,

Thanks for the detail, My investor is still working to get comfortable with the process. We have the details for the note sorted out. We are just slowed by the physical SD account and steps required finalized. Are there any resources for SD Account or custodian that you have used or would recommend?

Thanks again,

Joe

Damien,

Thanks for the input. To clarify, if my investor is using his 401K to invest, I understand that he needs to open an SDIRA and that he would need the custodian. Is that what you are saying or would I need a custodian?

THanks,