All Forum Posts by: Richard Tavetian

Hey Ceasar! I'm an investor locally, I'll DM you to see how I can help 

Hey Davis, I'm in Charleston too reach out!

I'm curious too, when's this year's conference?? Anyone have a link to the event?

👋👋 If you want to talk more PM me

Hi Michael, PM me and I'll send you some locally

I'm curious for those of you in this space, what are the best books to start with for investing in multifamily like apartment complexes or mobile home parks?

Hopefully this doesn't sound too crass but I want to put my money somewhere useful and make it grow (as I'm sure most of you want to).

After listening to dozens of podcasts and having experience with my SFH rentals portfolio I'm now leaning towards Multifamily for next investment to scale.

In particular, apartment complexes and MHPs however I'm finding financing to be more "challenging" with these products because I'm so used to "ease" of the residential financing process.

To those of you who are more seasoned with Multifamily real estate:

-How do you find deals?

-Which markets do you prefer and why?

-Did you start with apartment complexes (which class)?

-What was your first big deal like? How much money did you put into your first multi-family deal?

I honestly don't care where my first multi-family deal is, I just need to see if the returns and numbers work.

If anyone has some good deals (in any part of the country) I'd love to connect to chat more.

@Jay Hinrichs grateful that most of my tenants paid their rent. 🙏

I think it's also important for the tenants that did lose their jobs or are struggling to have a candid conversation with their landlord to see how they can help.

Remember that your tenants are your customers.

For example, I'm deferring one tenant's rent until they can pay from unemployment so they can eat/survive first.

Another tenant I'm helping cut their costs by driving them places to save on transportation costs and save money for next month rent.

My portfolio isn't too large so I can still have that human connection and provide the best service to them.

As I scale this will be more challenging but at least for now I can help my tenants where I can! 🙌

@Tim Herman thank you!