All Forum Posts by: Theo Hicks

Here are some strategies:

• FHA loan
• Find a commercial broker who will lend on a 4plex
• Raise capital from family/friends
• Find someone to co-sign on the loan
• Private money
• Passively invest first

1. Find an MSA/city you want to invest in, then reach out to local boots on the ground (local investors, brokers, property managers) to determine the best neighborhoods and streets within those neighborhoods

1a. Local meetups, brokers, property managers, commercial real estate reports like Marcus and Millichap's Annual US Multifamily Investment Forecast

2. Unemployment, population growth, job growth, job diversity, median rents, crime rates, occupancy trends

To add to @Alina Trigub's advice, you'll either need to identify ways to add value that make the low cap rates worth it or invest out-of-state. Once you've created your list, start reaching to to local brokers and property management companies to determine the good and bad neighborhoods in the market. 

Based on your situation, I think the best approach is to house-hack. Use $5,000 to $15,000 to buy a 2 to 4 unit with an FHA loan. Live in one unit and rent out the others.

Another option is to passively invest in an apartment syndication. Will give you a good intro into multifamily investing with the risk of taking on a project on your own.

Of course, you can acquire a property with 25% down and place it under professional property management. But this is the riskiest starting out strategy because it is the most money out of pocket and you are in 100% control.

I second @Scott Morongell. Creating a brand with a thought leadership platform (podcast, YouTube channel, and/or blog) as the centerpiece is the best way to attract investors. You are perceived as an apartment expert, which increases your credibility. You are getting your name infront of people across the world while you sleep. You'll build personal connections with strangers. All you need to do is stay consistent over 6 to 12 months and express your intentions to raise capital from accredited investors (making sure you have a landing page to capture their information), you should be set.

@Gregory Scott It was a house-hack, so I was able to secure a 3.5% FHA loan. If I could go back, I would have done the 203k loan, which includes the renovations in the loan, because I ended up shelling out an additional $20k on renovations

Hi everyone. The 3rd annual Best Ever Conference is a little over a month away! Here is some information about the venue: 

We are returning to the Denver Performing Arts Complex.

We are upgrading from the Studio Loft to the building’s main venue: Ellie Caulkins Opera House. The Opera House went through nearly $100 million in renovations in the early 2000s and reopened in 2005, and another $7 million was recently pledge towards more upgrades.

The Opera House is MASSIVE – seating over 2,200 people.

Ticket prices go up weekly, so make sure you secure your ticket to the Best Real Estate Investing Advice Ever Conference 2019 at BestEverConference.com

@Mike Peasley Absolutely. Last year, Joe asked the audience "how many of you have done a deal before" and 95%+ of the audience raised their hands. If I had to guess, at least 25% of the attendees had completed a multifamily deal before. That said, if you cannot find someone at the conference who works for a lender, you will 100% walk away with at least a few referrals to follow-up on!

I would reach out to a local mortgage broker, provide them with info on the type of property you plan on investing in, and ask them for estimated loan terms.

For me, it was the stress of owning a home (it was my first deal). But that mostly goes away after a year! And it goes away almost entirely on the second deal.