All Forum Posts by: Tj Hines

@Jacob Chaney very simple! Market rents is what the market is currently demanding for rents and lease charges is what the property is actually getting.

@Douglas Gratz there are a ton of free resources available online you can use.

City-data.net   Census.gov    bestplaces.net     crimespot.com  there are many more available. I made a training tutorial for my team to use to research markets that are not in our backyard. Inbox me and I will send you the link

@Andy Mercer you can use your own cash and start small with a duplex. House hack it. Live in one unit. Rent the other unit out. Or depending on your experience get into a few flips (risky sellers market) build up your cash even more to deploy into larger assets when the time is right

I would start with the duplex and house hack it @Dwayne Jelks Jr. This is the best way to build wealth and get managerial experience at the same time. Understand that with FHA you will have to live in one unit. Rent the other unit out and keep your expenses low.

@Mihaela Moraru

How much should I offer for a 32 Unit multiplex -16 one bdr and 16 two bdrs that rent for $895 and $995 per month? (In order to truly know what to offer on this property you will need the T12 or T6, as well as the latest rent roll displaying the properties past performance to determine a fair offer. Without this makes it hard to come up with fair offer)

How can I find an investor for the down payment.(Network by going to real estate meetups. You can find them locally in your area by going to meetup.com)

@Clayton Cerer no the 14k does not seem high. Seems right in line for a property and loan amount that size. Good luck

@Joel McKinney you can roll your roth IRA over into a SDIRA without any penalties that you would incur. We use Advanta IRA. Inbox me if interested and I can send you our contact rep with Advanta. Good luck

@Jared Carpenter you answered your own question. Seminars and conferences are the best places to build out your network. This is where we located and built relationships with sponsors.

@Patrick Nickerson

1) investors experienced with LARGE multi family (You should think about going to multifamily conferences. Joe Fairless, Rod Khlief and Jake and Gino usually put on some good conferences. Here you will meet and connect with operators who own hundreds and even thousands of doors)
2) individuals experienced in raising money/capital for real acquisition funds (See above answer)
3) high volume wholesalers (Go on meetup.com and search for all local real estate clubs in your area. Join them. Go to the meetings and network. These meetings usually have a ton of wholesalers that come across off market inventory quite frequently)

@Jordan Santiago consistent follow up with the broker to show you are serious. What will help win them over is you taking a trip to that market to meet with them in person. It's a big sacrifice, but a sacrifice well worth it. This will set you apart from other investors who are vying for their attention as well