All Forum Posts by: Reid Knight

@Brian Burke Thanks very much for taking your time to provide a thoughtful answer. This is extremely enlightening.

@Theo Hicks Thanks, Theo! Great summary of the necessary groundwork needed to get in the game.

Hi Caleb, thanks for your input. I'm seeking more of an empirical answer versus a guess.

Thank you, @Caleb Heimsoth.

@Brian Burke: I've seen several of your posts and would appreciate your valuable insight here:

If I were to bring a worthwhile deal to an established syndicator, what is a common equity arrangement for the value I would be providing? The goal for me would be to gain as much experience as possible in this scenario. Thanks again for your time and attention.

Absolutely. Thanks, @Todd Dexheimer.

All, I have one more question. If I were to bring a worthwhile deal to an established syndicator, what is a common equity arrangement for the value I would be providing? The goal for me would be to gain as much experience as possible in this scenario. Thanks again for your time and attention.

@Kay Kay Singh Got it. Thanks, Kay Kay!

@Sean Morrisey I didn't forget you, I forgot to tag your name! :) Thank you very much for your time and insight.

@Michael Dang, @Mike Dymski, @Michael Le, @Alina Trigub: Thank you all, sincerely, for taking the time to answer my question and provide value!

It seems clear that the quickest route to become a multifamily syndicator is to provide value to those who are already successful in that niche and becoming involved directly. By either providing a great deal, or raising investor capital, bringing that value is a great way to enter this industry and eventually become that syndicator.

Thank you all again.

Thank you, @Sean Morrisey!

My goal is to become a Multi-Family Syndicator in as short a timeline as possible. By "short timeline", I simply mean the quickest path - I understand this is a complex industry where an established track record is a must-have.

Would getting my Commercial Real Estate Broker's license and working for a Commercial Brokerage, or finding deals for experienced syndicators (without a broker's license), better serve me in reaching my goal as quickly as possible?

Thank you for your time and attention.

I believe this question is valuable for anyone looking for a RE deal in Charlotte, NC!

My name is Reid, and I took "the leap" this year by purchasing my first RE investment. I found a good deal in a great area, which has allowed me to house hack (by renting out rooms) and virtually live for free! I have done repairs and renovations, refinanced, and doubled my equity within 6 months, nearly eliminating that pesky PMI in the process. With almost no living expenses, I am approaching the point where I can put a down payment on another deal!

The goal of my post is to leverage any Charlotte, NC RE expertise to find a reputable wholesaler or resource that can help find a great deal multi-family or single-family investment. I am looking for properties in nice areas that could use a little love, not distressed houses in sketchy areas. Does anyone in Charlotte, NC know of any resources?

Best,

Reid