All Forum Posts by: Account Closed

I will post this on the commercial board and see if it get traction there.  Thanks

Shane

When contacting a commercial broker/agent, what is the best way to pursue the relationship.  

1.  Is it common to have a "normal" Exclusive Buyers Agency contract or is it more common to simple get on a buyers list?

2.  Do individual agents have their own buyers lists or does the agency have one larger list?

If I am asking the wrong question, feel free to answer the correct one. :)   How do I find out about commercial properties for sale (MFH and/or self storage) and what does the relationship look like?

Thanks

Shane

I am in Kansas City and have lived here for basically 30 years. I know the metro area quite well. Additionally I got my RE license just to have access to MLS and learn more about the residential market. My original thought was to buy and hold SFHs until I had the quantity I need to make 10-15k/month. My only concern is that it could become unwieldy to manage (especially if we moved away from here).

I have wondered if Multi family units (apartments specifically) would present an easier situation to manage a management company with.  Also,  maybe having an onsite manager is an option if the apartment is large enough. But, that is a whole new ballgame to me that I feel much less knowledgeable about. Maybe it's just a bit more scary because all the numbers become larger.

 @J Scott, I'll give a bit more info to clear up the goals.  They are actually clear, just very very simple. 

My goals aren't defined as far as numbers go because that isn't my highest objective. My goals in order are this. 1. free up time to spend on non-profit "things", 2. reduce stress, 3. take 1/3 of stock portfolio and increase its ROI through real estate without hindering #1 & #2

Other questions:

1.  When looking for property managers, are managers for multi family different from management companies to single family?

2. Does 50 units in on apartment take less energy than 50 SFH units?

3. Where is the best place to find Multifamily units? MLS hasn't been as helpful as I would like here.

Thanks again!  Also, after this thread fades, is there a way to delete it or make it anonymous?

It would be great to hear from people who have been in the business a while and deal with significant portfolios.  What would you do if you were starting all over and were given a very large lump sum of money (approx. $1M) to invest in real estate.  Additionally, these are the goals/considerations:

#1) Cashflow

#2) Passive Income

#3) Intention of using property management

#4) Possible to live out of state

What would you do? SFH, Duplex, Larger Multi Units? How leveraged would you go? How fast or slow would you go? What else should be considered?

It has been great reading and learning on here for a few months and I look forward to hearing others' advice.

Thanks