All Forum Posts by: Jonathan Barr

I would say if your newbie I would try the more traditional route of purchasing property.   You can probably find a hard money lender that is willing to work with you or find a money partner.

@Ben Dickey yes lets connect and chat.   I would like to know what you are up too in the area.

I'm buying my property 45k a door which is on lower end of average of sales.  Most the property has been rehabbed, its mainly an expense reduction/management play. We hope to open to more deals after this one.   We are fan of the market and fundamentals moving forward.

cool do you know what they are buying?

@Leo Little

The BP calculators are a good place to start!

@Cole Agner

I Cole I think your strategy is very doable. I think your best of investing in syndications. I syndication in multifamily for example is when operator pools investor money to buy a larger asset. This is the only way to truly be a passive investor. You will get atleast get a 8-10% return on your money and you get benefit of working with experienced operating and having piece of larger asset. You can contact me if you have any interest in this. Thanks

Hi just wanted see who in investing in OKC multifamily? I have 71 unit in Norman where we have completed our due diligence. This will be our first syndication. So now I’m getting prepared to raise the money required. I will be bringing funds from 1031 as well. We are also getting the appraisal back next week so we are working on the financing hump concurrently. Interested in connecting with anyone in the market or anyone looking to invest in the market. Always looking for new partners to collaborate with. Hope everyone is having a restful Sunday.

@Mylen Tansingco

Hi Mylen I’m a longtime LA real estate investor. I recently sold most of my assets here to purchase multi-family in the Midwest. I believe in LA real estate I just feel like right now is not the time. We are going to get hit in LA by all this economic impact. In short term values will go down. I would either wait things out a couple years or look invest in Midwest. I’m investing in Kansas City and Oklahoma City. You can partner with someone like myself to invest in these markets. Maybe you cash flow these properties for few years then bring cash back to LA to invest in better deals. I continue to keep my eye out for property in LA but chuckle every time I get multi-family LA emails and look at cost per door. On average in LA you will 400k plus a door and I’m buying the Midwest 45k a door. Those are my quick thoughts hope that helps.

@Sara Waters

I’m about close escrow on a larger multi-family in Oklahoma City where I think the economy is strong yet you can still find value. Really

Impressed with the city after recently going there.

@Fred Watson

I would find a partner that can fund part the deal with you. Maybe they have more experience and can help with contractor contacts and other tips and tricks.