All Forum Posts by: Sam Sala

Hoping someone here will be able to point me in the right direction and help me Narrow down my next steps so I can begin making trackable progress towards my first deal.

I have been researching different strategies and methods for a very long time now (too long) and I feel the more research I do the deeper into analysis paralysis I go. I fully understand there is no right or wrong method / answer and every strategy has its pros and cons. However by continuing to over analyze every single aspect I am making zero progress in getting my feet wet and getting the real experience. it’s time I jump in. I want to be aggressive in my strategy but at the same time I don’t want to end up setting myself up to fail. I prefer a plan that gives me a little wiggle room to account for the mistakes I will inevitably make but also being aggressive enough for it to be worth my while

I have a decent amount of starting capital 350-400k which only seems to make my decisions even harder since it pretty much puts all strategies on the table and gives me the option to leverage a good amount.

I understand all of the strategies, and have a pretty good understanding of real estate in general, however I am struggling with putting it all together and Formulating the plan to follow. I would love to hear your input and detailed plans that you would execute on, or have executed on if you had 350 to 450. I would also love to hear where you would look for these deals so I can narrow down a few Niche market to start really focusing in on. I prefer to get as many doors as I can while also balancing an area with good long term appreciation

I’m open all strategies and markets but leaning towards long term multi family.

I’m in Denver which I feel It’s a challenging market for the strategy I am looking at.

Again I am open to other strategies as well as other markets. I would love to hear your suggestions on how you would utilize this capital to generate a not overly safe but also not overly aggressive balanced appreciating vs cash flowing opportunity with more of an emphasis on the cash flow aspect.

Thanks in advance

@Chandler Harker

I’ve invested in 30 different syndications over the past few years. One thing I’ve learned above all else is that there is no such thing as a good deal with a bad sponsor/GP. I love multi family syndications and love discussing them with people.

Feel free to PM me if you would like to discuss further!

@Chandler Harker

The most important factor from any operator is their ability to dig themselves out of a hole. Strong operators will save your bottom on a bad deal and bad operators will give away the farm. You don't do due diligence to find the gems, but to weed out the duds. Its the first thing I ask any operator.

To @Arn Cenedella's point the passive nature is the  name of the game, but only to the extent there is transparency. I always demand evidence of transparency in past deals or funds. Interim and audited financials accompanied by monthly commentary is the bare minimum.

I've certainly seen my fair share of both gems and duds. Happy to help if you need anything. 

@Sam Sala - Once you purchase you stipulate of you want to be added to the list for the "next round" - But I changed from inhouse finance (40% down / 10 Year bond) to Conventional Finance - There is a separate list for the different finance option you use. The initial 3 properties also took a while - roughly 6 to 8 months between them to reach the "top" of the list again.