All Forum Posts by: Kyle Kovats

@Account Closed , well good question.  I also work with brokers, but at this stage the deal flow from them is rather slow. there are listings but most are owned by sellers with high expectations. At this stage yes, because some of these owners own hundred of units and they are near retirement. 

At this stage, I wouldn't feel comfortable handing this job to someone that is novice or just the call center type. 

Going through the list enabled me to see what properties they own one by one, and create a document that contain all of the properties in their portfolio. 

I feel that im getting to know the larger players in the market by doing that. 

In addition to that, I'm working from home and don't have a 9-5 job, so i can fit that in,

The only "downside" my friends is that I need to wake up at 5am to get on the right Time zone - but i don't really care. 

Making It Happen Every Day!

Looking forward meeting you guys in Nashville TN

This thread is gold.

I'm completely new to REI but at 45 I clearly see large MF is the best option for me to go big in REI. However I know I need to get some smaller scale experience and network with the right people first. I'm going to the Jake&Gino event in Nashville in Oct and I've already talked to @Gino Barbaro and Josh Roosen from their company on the phone before I spent a dime. These guys have already been very helpful to me. I’ve got a long way to go both with experience and capital but I’ve taken several notes and visited several sites from recommendations in these comments and will continue to dive into the content. 

Thanks @Kyle Kovats I’m not as young as you and have less experience but you’ve greatly helped to inspire me even further to get more obsessed with getting deeper into understanding more about MF. 

@Kyle Kovats - Which one you ended up going with ? I was also looking at rod khleif podcast and that seems good 

For me it depends on how sure I am that I will close on the property. If my due diligence period is more formality then I might start right after the PSA is signed. If it's a heavier value add property where I have concerns of what I might find during due diligence, I'll wait so as to not lose even more potential money.

@Kyle Kovats

HI Kyle

Have you chosen a market first?  Don't waste your time building team members, especially property management companies and brokers and inspectors if you haven't locked into a market.  Your list is comprehensive, I would add a coach or mentor to help with the first one.

Gino

 @Kyle Muth I am not investing in NJ currently. I did a few flips in West Orange 1-2 years ago, but you're right, the market is crazy now. Where are you looking to do your MF investing?