All Forum Posts by: Kyle Mitchell

@Damian Smith Our group focus' on multifamily value add investing in Arizona (Phoenix & Tucson), happy to answer any questions you may have.  Also, I have included a list of some great resources to educate yourself.  Hope this helps and reach out anytime!

Books for Multifamily
-Best Ever Apartment Syndication Book by Joe Fairless
-Both Rod Khleif and Michael Blank have free E-books you can download
-The Perfect Investment by Paul Moore
-The ABC's of Real Estate Investing by Ken McElroy

Podcasts
-Rod Khleif
-Michael Blank
-Old Capital Podcast
-Joe Fairless - Best Real Estate Investing Advice Ever
-Real Estate New for Investors - Kathy Fettke
-Passive Income through Multifamily Real Estate

@Salome D. Although it is great to get referrals this is also something you should take upon yourself to get to know the sponsor and establish a relationship with them since this is your hard earned money you are looking invest with them.  My suggestion is to continue being active on BP, get out to some networking events and seminars and also educate yourself through books and podcasts.  You will see that this is a pretty tight knit community and you will soon find yourself surrounded by the right people if you put in the time and effort to connect with people.  Good luck!

@Jesse Spaur If you wait, you could be waiting for a long time.  No one truly knows how long this cycle will last.  You do need to educate yourself and understand the risks and rewards of this industry and be patient enough to buy right.  Be conservative and stick to your criteria, there is never a perfect time to buy.

@Beth Cooper I agree with @Taylor L. These coaching programs will only work for those dedicated and most of the programs are the same.  My advice to you (if you are serious about a coaching program) is to interview them all and go with the one you feel most comfortable with.  These programs are all about getting you out of your comfort zone, and the one that will be most beneficial to you will be the one you feel most comfortable with to start.  If you join a group you don't feel comfortable with or don't know much about you will be limited to how far they can push you.  Good luck!

@Anthony Zotto 
-The Perfect Investment by Paul Moore
-The ABC's of Real Estate Investing by Ken McElroy
-Best Ever Apartment Syndication Book by Joe Fairless (This is a very specific niche so this would only be if you're interested in Multifamily Syndication)
-Both Rod Khleif and Michael Blank have free E-books you can download (google it)

@Michael Bonanno My advice would not to go with turnkey as your first or any investment. In my opinion you lose a lot of equity by going turnkey and lose your exit strategy if you ever decide to sell. If you are interested in SFH's then I suggest the BRRR model where you can add value, force appreciation and take advantage of the built in equity vs handing it off to the turnkey provider and middle man. Just my two cents (from experience). Good luck!

@Account Closed We use the free version of Hubspot for right now but looking into the paid version.  I like Hubspot for a few reasons, it seems to be able to integrate with a lot of other softwares and I also like the feature of being notified when the person I sent an email to opens the email.  It is very user friendly but I do only use the basic features.

@Ruslan Kotelyanets It takes time to find a good partner and I would say to be patient and be picky.  A partnership is like a marriage and if your goals and values do not align then there will be trouble ahead.  You'll find someone but you have to be active and get out there.

@Ruslan Kotelyanets I don't think the number of units or asset class is as relevant as what your goals are and who is on your team. I know people who have started out with 1 single family home and others that have purchased a 250+ unit apartment building for their first deal. It's all about what your end goal is, how you have planned for that and the team you have built to get there. If your goal is to own large multifamily then my suggestion would be to start there but team up with someone who is already in that space and educate yourself through that partnership. You don't need to start with 30 units to learn, you just need to surround yourself with others who have already been there to help guide you through the process. Good luck!

@Eric Stugart The only way you are going to be successful in this business is to take action and get out of your comfort zone.  You concerns are legitimate but should not be an excuse for taking the first step.  If you are concerned about being swindled then take your time, educate yourself and get to know people in the industry for a while before you spend any big dollars.  But worrying about these things is only going to make your analysis paralysis worse.  Take the first step and attend some meetups and conferences and go from there.  Once you establish some trust and comfort with people you can take the next step.  Good luck!