All Forum Posts by: Patrick Nickerson

@Trevor Ewen 

Great insight. Awesome point on your second recommendation! ! We are usually very generous to investors - though we look primarily for longer term investments. Ill have to begin thinking how I can create shorter turn arounds to investors while leveraging debt.

@Alina Trigub great reads! Thanks for the resources! I’m sure I won’t be the only one that benefits from your share - at first glance both of those appear to be great articles. I’ll have to sit down and read through thoroughly this evening or weekend!

It’s Friday. I want to spread some positivity and support. 

End the week on a good note! Comment on this post and let everyone know what you need help with in your business. Those reading through the comments - comment any contacts, support, and add value.I implore everyone to read through the comments find a way to add value. Being a light in someone’s world is so rewarding. And there’s plenty of people out there who need you to be that light!

Im deeply invested into helping others! Comment what you need and Comment what kind of value you can add!

@Michael Le of course. I see the call for concern. I don’t think you misunderstood that. I just didn’t provide enough context for that statement. From email campaigns keeping investors up to date, the process of on boarding an investor to the fund, and even website investor portals there’s a lot to be done and I certainly can’t do it by my self :) 

@Taylor L. that’s right! Triad in NC is a tough market. Especially Raleigh area. I know some sellers who have done very well this year. I’ve also had a few trades really surprise me in what they brought! Gotta triple check the underwriting and due diligence now more than ever!

@Taylor L. thanks for the input! Certainly not my intention to solicit. More or less looking for others who have had success on similar deals. Providing specifics of the fund allows other pros to analyze and provide feedback - but reflecting back on the post I can certainly see where there might be call for concern in terms of solicitation. 

Being that its our first go - theres a lot to learn! Really just looking to network with those more experienced than I so that I can learn, grow, and get this done as efficiently as possible :)

Thanks for the references on content to review! 

A dip or a slow down of the economy/market is something we must prepare for.

In my oppinion single family homes and SFRs are best to buy and hold short term. Flips are great and can yield high returns. If you buy SFRs in the down turn they can provide good cash flow until the market turns around at which point you can sell high. We recently liquidated almost all of our single family homes and did very well using this strategy. (Buy during the down turn, rent, and sell when the market bounces back.) To many people though don’t think of their exit strategy which can be the most lucrative piece to the puzzle!

I beleive now is a great time for investors should sell their single family homes and invest everything into multi family apartments. Unlike other real estate investments, apartments are typically tied to residential trends and demographics. As we've seen in the past, apartments can actually appreciate during a recession, making them an insulated investment. Apartment complex investments are strong now and will be more insulated if a national market correction happens in the coming months or years.

@Tj Hines just reviewed your experience and background on your profile! It sparked the question..

Are you familiar with leveraging investors 401ks and IRAS when they want to drop money into a fund? I haven’t done this yet but am curious what would be required for the investor to leverage their 401ks etc with our 506b/c funds.

@Tj Hines haven’t been to any multi conferences yet! Thanks for the references of ones you believe in! 

So far all the wholesalers I’ve met are mainly moving SFRs. I’m digging for those driving large multi family! I’ll check out meetup.com and maybe I’ll find em! 

@Michael Le perhaps you misinterpreted my intentions. My intentions wasn’t to solicit his investment. It was to connect, network, and learn. 

We have a pretty extensive list of investors that we work with past present and future. We take time to reach out and connect with these guys on a pretty regular basis. Having someone be a part of that process isn’t out of line, as far as I can see atleast, but most importantly Stuart may benefit from seeing what and how we do things so that he can apply in his own way in his own market. 

Appreciate the call for concern - perhaps I should have left off specifics of the fund though it wasn’t for solicitation - rather to outline what we are doing and that he can do so too.