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All Forum Posts by: Mark Evans

Mark Evans has started 2 posts and replied 3 times.

Post: SFR In GA- WA Based- First Deal- Long Distance Real Estate

Mark EvansPosted
  • Rental Property Investor
  • Bremerton, WA
  • Posts 4
  • Votes 0

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $180,000
Cash invested: $43,000

I wanted an investment party. So I did.

How did you finance this deal?

Fixed 30

How did you add value to the deal?

Okay

Lessons learned? Challenges?

Fix your finances beforehand

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Roofstock

Post: Establishing a Real Estate Syndication by end of 22- Thoughts?

Mark EvansPosted
  • Rental Property Investor
  • Bremerton, WA
  • Posts 4
  • Votes 0
Originally posted by @Taylor L.:

Yes, many have done that. It is difficult and requires a lot of perseverance. Basically, you have to drop everything else you can and completely commit to it. Don't quit your job yet, but any other distractions you have need to be reconsidered!

Thank you. I do not plan on quitting/retiring from my job until I hit a certain number. Plan is, next year, to devote as much time as I can to this. I only work 40 hours a week max with weekends off, which is a luxury for most. I feel that I will have plenty of time to dedicate to this starting around April of 2022. 

Post: Establishing a Real Estate Syndication by end of 22- Thoughts?

Mark EvansPosted
  • Rental Property Investor
  • Bremerton, WA
  • Posts 4
  • Votes 0

Good Evening All, 

I am a new investor in WA, and currently have only one SFR cross-country (Grovetown, GA). Long-Distance Real Estate Investing changed my life. The more I listen to the flagship podcast, the more large multifamily entices me. I have a lot going on, like college courses, which literally PAY ME (GI Bill). I plan on finishing, hence the 2022 goal. MY goal of "establish" is loose, I'd like to have a team in place and begin to heavily research deals, anywhere. I am an IT Project Manager by trade and team building/problem solving is a blast to me. Trust that I would not take this responsibility lightly. I just have a feeling I was meant for this. Has anyone else transitioned DIRECTLY from SFR to syndication? Any thoughts or tips are appreciated. In the meantime, I am reading the Multifamily Millionaire series.