All Forum Posts by: Matt Engle

@Joshua Rodriguez If you want 200+ doors you will want to go big as quickly as possible. Consider investing passively with an experienced syndicator to learn the ropes of apartment investing (and make a good return on your investment). That passive investment will count towards your track record when you go to buy/syndicate your first apartment building.

@Stefano Mannino it depends what your goals are and how fast you want to reach them. Having a coach or mentor who has already done what you want to do is an invaluable resource. There are plenty of coaching programs out there but you can also network and find a potential mentor. Then you need to find a way to provide value to that person so that they will consider mentoring you.

@Troy Marschall In a 506(b) offering you can have up to 35 unaccredited investors and unlimited accredited investors.

@Phil Carpenter We raise the money for the down payment, closing costs, and capital improvements and then get a commercial loan for the other 70-75% of the purchase price.

@Johnny Tsu If you’re looking to start syndicating, checkout Michael Blank’s book “Financial Freedom with Real Estate Investing” and then begin building your team to syndicate your first deal. Two key team members you will need are your property manager and your SEC attorney.

@Evan Miller It sounds like the seller is motivated. You can tell the seller that you’d like to make an offer, but without any financials you will have to be very conservative with your underwriting and the offer will likely be less than what it would have been if you had the financials.

@Ryan P. If you want passive income my best recommendation is to find an experienced syndicator and invest in one of their deals. The returns are usually very strong and you typically get distributions once per quarter.

@Manny Cirino The books already mentioned are great. If you’re just starting out in multifamily I would recommend Michael Blank’s book “Financial Freedom with Real Estate Investing.” It is a simple read with clear, actionable information.

Congrats @John Umphress! This is no small feat.

@Aaron Jones For networking, our strategy was first to understand who we were as a company and why we are investing in real estate. Once we understood that, we communicate it to everyone we know. We haven't been to any BP meetups yet, but we are planning to attend a few later this year.