All Forum Posts by: Sam Wilson

Hi @John Moisa.  I have not but I think it is a worthwhile idea.  If I were you I'd start meeting with local architects and contractors just to see what is possible and the costs involved.

Have you checked with codes and zoning yet?  If not, I'd recommend that as well before putting more money and time into the deal.

@Dimas Rinarso - Congrats on making the jump into real estate!!

My biggest suggestion is go visit multiple turnkey companies in each city and ask them to speak with some of their clients.  Once you narrow down the companies then you can post on BP and get some other feeback from people who have worked with them.

I can only speak from Memphis perspective but there are lots of amazing turnkey companies here who would love to help provide you with a home.  (so many that I'm not even going to start listing names because I'd leave them out!)

But also post your question in the Memphis forum and that might reach more people

I have not done turnkey in Memphis but have owned several rentals; it is a good market.

Reach out to me when you come visit and we can grab some famous Gus's fried chicken!

@Tim ORourke - not sure if this would help or even fit, but what about reaching out to any local, large REI related company (property management, development, investing, etc) and see if they will let you do an efficiency audit in one of their areas. The reason I suggest this is that most companies don't even realize where they can make vast improvements because the work has become so routine.

If nothing else, that might get them thinking of where they do need help and that could lead to a discussion on what you can do to help them.

I look forward to hearing what others have to think about your project.

@Tim ORourke - Love this!  Can you give us some broad ideas of what you are looking for from investors?  Or what type of solutions you can offer?  That might help us come up with ideas for you.  I'm not even sure what a systems engineer does so that info might help as well. 

Have you thought about looking for an internship/contract with a someone who might directly use your project for their business?  Thus giving you an extra income and more business experience.

And congrats on reaching your final year and capstone project!

@Matthew Bailey - first of all congrats on having such a successful land investing business!

Couple of questions:

1. Is the search for multifamily due to wanting to diversify your portfolio? (Obviously this was not the point of your question, but just personally curious why would you not keep solely investing in your business?)

2. What size (doors? price?) multifamily are you considering?

3. Do you have a location preference?

As you well know, there are lots of aspects to consider with investing in any asset class.

So wish we could be joining you all!!

@Nate Hiser - I'd just ask them!  It would also be a great way to find out what investments they are currently looking for:  Single family, multifamily, etc.  Also what does a "good deal" mean to them; it is definitely not the same for every investor or even every investor in the same asset class.  

Since you already have a great relationship with them, I'm guessing they would be more than willing to answer your questions and help give you guidance especially since you are wanting to offer them something in return.

Please report back how the conversations go!

@Tommy Nguyen - absolutely too cool!  Thanks for sharing and thanks for the pictures!   Would love periodic updates!  You will have a unique multifamily investing story for sure!

@Kyle Momany -Great!  I already messaged him.  Excited to meet you all!

@Craig Parsons - That all sounds like a great business plan!  Look forward to hearing what you find out about zoning.