All Forum Posts by: Paul Moore

Hi @Vincent Naurais, @Matt Engle and @Marty True.  Welcome to BP.  This is a great place to learn about multifamily investing.  My team is looking to collaborate with other investors to invest in commercial multifamily in Charlotte, Raleigh Durham, Dallas, Atlanta and a few other markets.  Not looking at Miami right now.  

Welcome Aboard @Shayne Fee!  I investing in multifamily in TX and NC.  

Hi @Jessica Zolotorofe.  I agree with @Michael Le.  I did a lot of research for a book I recently wrote on the historic shift to multifamily.  Though no one has a crystal ball, it appears that the demographics and other factors are pointing toward a massive demand that will not soon be filled.  80 million Millennials plus 76M Boomers, many who are starting to rent again. When Boomers start renting, they rarely return to ownership.  Plus significant population growth from immigration, will continue to fuel demand for decades.  

Ownership has dropped from 69.2% in 2005 to about 63%, and it continues to fall.  Each % drop represents about a million new renters.  

New renter households were created at about a 7 to 1 ratio over multifamily supply created during the recession.  Buyer/Renter ratio among new households was historically about 65/35, but in a historical reversal, it is now about 25/75. 

All this said, real estate is always local, which means that what is true in one geographic location may be completely contrary to another.  That is why market selection is so critical.  

Like Michael said, I would focus on B/C.  Though I have developed successfully, I would not do so again.  I plan to stick with Class B & C.  Safer hitting singles and doubles than swinging for the fences... with a chance of catching nothing but air.  

Welcome @Jay Mueller. So what are you planning to invest in? I've moved from SFR flips to Commercial Multifamily.

Thanks @James Slaughter.  @Don Harris, let me know more about your meetings, please.  

Hey @Zack V. Bethea.  Yes, I just heard some positive market data on Huntsville, and I certainly would be interested in learning more.  Feel free to connect.  

Welcome Michael and @Jamie Vlahakis!  Much to learn here.  

Hi @Anna Allen. I'm also from Lynchburg. I would recommend that you not pay the $30k (which will be probably be an invitation to spend more $), but start attending the local Lynchburg REIA. There are many folks there in the same boat as you, and others who have a lot of helpful information and contacts. You should be able to find the REIA on the local Meetup website.

This is the greatest business in the world... and you can learn a lot right here as well!  

Hi @Jacob Perkins.  I love your goals and I am excited to see you starting so young!  I am in my 50's, and I recently published a book on multifamily investing.  After doing a variety of entrepreneurial ventures for decades, and specifically 15 years in real estate, I have told lots of people what I will tell you... if I knew in my 20's what I know now, I would have never done anything other than multifamily investing.  I recently published a book explaining my thoughts on this, and our company's strategy: The Perfect Investment - Create Enduring Wealth from the Historic Shift to Multifamily Housing. On Amazon.  

Hi @John Grizzle.  My team is putting together a fund to buy and hold multifamily assets in the Southeast. We have a lot of experience individually, but are new as a team.  We are looking to collaborate with people in this space.  To learn more about our philosophy and strategy, you can pick up my book on Amazon: The Perfect Investment - Create Enduring Wealth from the Historic Shift to Multifamily Housing.  Let's connect and talk further.