All Forum Posts by: Josh Eitingon

I would also suggest checking out schooldigger.com for local school ratings and spotcrime.com for recent crime incidents reported.  

I'm a big believer in out of state investing living in the ny metro area - I heavily leverage strong on the ground teams.  That said, if I could invest in my backyard and hit the yield my investors need I would!

@William Govans, take your time learning.  Don't jump into anything too quickly but, understand the different types of options out there and then make a well informed decision.  

To Skylar's point there is often a lot of value in utilizing good debt, especially in today's environment.  

Best of luck,

Josh

Welcome Christopher!

Over the last 5 years we have raised over 18 million dollars in private money for property acquisitions. If there's one tool that I would recommend to anyone that's interested in utilizing investor dollars it would have to be the SDIRA or self directed IRA.

It has helped our business grow exponentially and for anyone looking to make this a full time business it’s an absolute must.

Join my special guest, Belinda Savage of IRA Services Trust at our next meeting June 4th.

Belinda is a nationally recognized expert in the field of Trust Custodial Banking and IRA investing. Come and get your questions answered about this important investor tool! This meeting is regularly at capacity, so click here to register or just show up.

First time attendees are free!

@Robert Burns, I'm the first to admit that I am bias - I now work for an education and coaching in multifamily investing as you can see in my signature.  With that said, I personally spent more than the amount you are referencing to be coached when I was 24 yrs old and in hindsight would have paid double.  The key for me is ensuring that these are the people that you want to work with and that you personally have the resources available to be able to make the most out of your large investment.  I know it is sort of a fluffy response but, I am a big believer in coaching expediting one's results and pushing you out of your comfort zone to the next level.  

@Donald Placide Great, it's in westbury at Hotel Vianna so, not too far out of your way after work.  Looking forward to it

Welcome @Vlad Frenk

I'm not a huge fan of turnkey SF homes- they seem to be 50/50 in terms of headache and success story.  

Also from Long Island, I appreciate the pain of it not making much sense to invest locally.  

To your point that team all starts around a good property manager.  But even on smaller multifamily they definitely exist in every market.  

Best of luck!

-Josh

Hey @Brian W.

Great, it is meant as a networking and information event.  We focus on different topics all somehow related to multifamily apartment investing.  We don't touch on fix and flips, notes, tax liens, etc..

The next event is June 4th where we have a SDIRA expert coming in to do a Q and A moderated by myself or @Chris Urso

https://nationalreis.leadpages.net/limig102014/

Let me know if you have any questions about it.

-Josh

Definitely doesn't hurt to check out.  That advertised cap rate may very well differ from the cap rate that you would operate the property at.  So, be sure to make you own assumptions and assess valuation that way.  

I agree with @Martin Z., while loopnet often has a lot of dead deals that aren't going anywhere listed, it also provides a lot of great historical deal info.  Additionally, the broker contacts available through loopnet are endless.  

I see it as a necessary business expense if you are going to get involved in larger multifamily deals.