All Forum Posts by: Kevin Bartel
Kevin Bartel has started 1 posts and replied 7 times.
Quote from @Shiloh Lundahl:
@Kevin Bartel I would say pick the type of real estate that matches your situation best.
A house hack sounds like it might be a good fit for you since you need somewhere to live anyway. It would probably not be really time consuming. If you were to buy, let's say a three bedroom or four bedroom home and rent out the other rooms to other single people.
If you were to get a short term rental, you would probably want to have somebody else manage it and right now your average short term rental isn't doing really well. But if you're really good at it, then you can get a short term rental to perform well. But you'll have to either manage it yourself and develop a really good skill set in that or get a smaller company that doesn't have too many properties to manage who has a high skill set management for you, but then you need to pay for that. So my opinion for short term rentals is, if you don't have the time to manage yourself, then just buy it if you want to visit there a lot.
Another option might be to find a successful operating partner. You can be the money partner, and the other partner can manage the operations and then you can both split the profit.
I hadn't thought about just being the finance partner and having an operating partner. Thats a great idea!
Quote from @Dan Rowley:
@Kevin Bartel welcome to BP. it's true the SFH or small multifamily rentals barely will pencil anywhere these days for a couple of years now even though it's the best way to really learn RE investing as a beginner. syndication/private equity deals have a much better chance of penciling and providing decent CoC as there are more economies of scale and sophistication at the GP/operating group level in general.
Cheers!
Quote from @Nate Shields:
@Kevin Bartel happy to meet up for a drink! I could give you the good, bad, and ugly of investing in Colorado as well as the good, bad, and ugly of investing out of state or in a syndication.
Hey Nate- I'm actually up in Aspen so if you're ever up this way, would be happy to take you out and pick your brain. If you're up for a chat over the phone, we could do that too to get things started. Cheers!
Quote from @Wale Lawal:
Since you're in a high-income, time-constrained position, passive investing is a strong option, but there are multiple paths depending on your goals. Syndications are great for truly passive income, offering tax benefits and diversification, but require high minimum investments and long-term commitments. Short-term rentals (STRs) can generate strong cash flow, especially in tourist-heavy areas, but come with higher upfront costs, regulatory risks, and active management needs. House hacking can reduce living expenses and build long-term wealth but won't provide significant immediate income. If your priority is passive income, syndications or out-of-state STRs in strong markets (Smoky Mountains, Gulf Coast, Scottsdale) make the most sense.
Good luck!
I like the idea of out-of-state STR in a less expensive market. Do you know people doing this? Management from afar seems like it could be challenging. Cheers.
Quote from @Tanner Pile:
@Kevin Bartel I would go for a house hack on a multi-family property like a house and cottage where you can do an STR in the cottage unit in Denver.
Going a syndication is a good option too and you can learn a lot from the main syndicators.
Another route you could do is be a money partner for someone buying real estate that does cash flow like STRs or Co-living in Colorado or out of state or even partnering for flips. My friend @Miller McSwain does partnerships for co-living properties to get similar returns to syndications. He is also writing the newest Bigger Pockets Book on Co-Living!
I'm not actually in Denver and multifamily up here doesn't really make sense. House hacking would look like buying a single family home with a basement lock off here. We'll see though...
I'm not actually in Denver and multifamily up here doesn't really make sense. House hacking would look like buying a single family home with a basement lock off here. We'll see though...
The partnership idea is intriguing... how does that work if you're not in the area?
Hi all,
First time poster here. I am interested in getting into real estate investing but am not exactly sure which is the best path for me. A bit about my situation and motivation for getting into real estate investing...I have a full-time, high paying W2 job as a specialist physician that I generally enjoy but would like to be able to supplement my income over the next 8-10 years if/when payments decline in medicine. I am currently unmarried, no kids and recently out of residency with six figures in medical school debt. I live in a VHCOL area in Colorado in the mountains (~3.5 Hours from Denver) and single/multifamily homes in this area are extremely expensive.
Things I am currently considering to get started include house hacking, STR, and real estate syndications. Single/multifamily deals don't seem to really pencil in my area and I am somewhat leary of being a landlord with my full-time job. However, for the right situation and learning experience I would not rule it out. I am somewhat leaning toward syndications getting started since they seem to provide some tax benefits, learning opportunities and are more passive than the other options.
Just curious what this community's thoughts are in this regard for someone getting started. Also, if anyone is an investor in the mountains of Colorado and would be open to me buying them coffee, well, that would be great!
Thanks for your help!
KB