All Forum Posts by: Tamiel Kenney

@Kizzy Parks Check out Kevin Bupp at www.MobileHomeParkAcademy.com.  I believe He is in Florida!

@Alisha Decoteau  Hi Alisha!  My husband and I are experienced syndicators in Dallas with over 2600 units.  I do want to add that in order to publicly say you are looking for investors in a deal...You need to be using 506c --- S.E.C. government regulations for advertising a securities deal (which our real estate investment opportunites are considered a securities).  With the 506c - you can only accept accredited investors into that investment opportunity...but you can advertise your deal anywhere you want.

So, if you are planning on taking non-accredited investors into this deal, you will be using 506b - and cannot advertise on any public platform that you are looking for investors on a particular deal.  

This gets a little tricky...but it is always better to be safe than sorry.

If you have questions about this, please reach out.  I will be more than happy to answer!

Good luck!!

@Jackie Mesa  Hi Jackie!  The answer to your question is Maybe.  The first thing you need to decide is do you want in invest passively or do you want to be an active investor?  If you want to be active, how much time do you have and how flexible is your current job or situation?  Then you need to ask, do you want to be a landlord and start small with Single Family and grow slow or do you like another asset class: Multifamily (Apartments), Storage Units, Mobile Homes, Residential Assisted Living.  You definitely have choices.  If you want to be an active investor and are ok being a landlord...and decide to start with a single family rental...You are limited to the amount of money and time that you  have available.  If you want to hire a management company to manage a single family or even a small multifamiy, you are looking at paying them around 10% of your income.  Just something to consider.

You could also consider joining a syndication (in any of these asset classes) as a passive investor or possibly as a general partner, if that is your goal.  The advanctage to being a part of a syndication...is that you have the ability to be a part of a much larger investment opportunity than you would alone.

No matter what you choose to invest in, and no matter if you choose to be a passive investor or an active investor...I strongly suggest you learn about the asset type you are interested in.  If it is small multifamily, large apartments (which is what we do and teach), storage units, mobile home parks, residential assisted living...Please learn what you can about the industry, basically how to analyze the deals, things to look out for, questions to ask...and ABSOLUTELY research your potential syndicators, partners, educators.  

Please let me know if you have any questions.  If you are interested in Mobile Home Parks or Residential Assisted Living...I can refer you to people I know investing in these.

Good Luck in making your 1st Real Estate Investment!!!  This is very exciting!

Let's Start 2018 off Strong with New Goals and New Relationships! Come ready to learn and to network with some really great people!

Register for the MeetUp here: Register for the MeetUp Here

Have you always wanted to invest in Real Estate, or wanted to transition from Single Family Real Estate to Multifamily Real Estate Investing? Come and learn from some of the industry's best. We want to meet you! We are more than happy to answer any questions you may have.

This is an exciting time of opportunity and growth in multifamily real estate and we look forward to meeting you!!!

If you have a desire to invest in apartments, then you owe it to yourself to become educated and surround yourself with like-minded people.

*Mark and Tamiel, Founders of Think Multifamily, are invested in over 2300 Multifamily units and continue to grow their portfolio. They also mentor investors in the steps necessary to be successful in Apartment Investing.

Bring a friend...Heck, bring lots of friends and you can all learn together!

The very best investors have a great team and mentors around them, and they network with other like-minded individuals. Come share your thoughts, ideas, and questions with us and learn how to be financially free.

Please visit our website...thinkmultifamily.com

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Here is what others are saying about us:

I truly love what you're doing and think the team and program you've put together is fantastic. Your family-oriented values shine very bright as the interaction between your wife and kids are amazing. I believe that you're building an insurmountable platform for anyone who's looking to involve themselves in multifamily.

----- Courtney

It has been a pleasure to work with Mark. For a newbie in multifamily, Mark's experience is priceless in guiding me successfully through each step. Mark answers questions quickly and he is always eager to explain why to go on a particular path.

----- Philippe

You don't want to miss this!

We have a room at Seasons 52 at the Shops of Legacy in Plano, but space is limited, so please RSVP and let us know you are coming.

We look forward to seeing each of you on Sunday, January 7, 2018! Share this MeetUp and invite those you feel might benefit.

If you have any questions, please contact me [email protected] OR 214-552-4512 (TEXT IS GREAT!).

As the famous Jim Rohn used to say…

• Why – Why learn, grow, achieve MORE?
• Why Not – Why not see how big of a Legacy you can leave your family?
• Why Not You – Why can’t YOU be the one to succeed like others before you?
• Why Not Now! – What are you waiting for?

There is no better time to reach for a better life than NOW!

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@Aamir Shah If you are planning on continuing to work full time, have you considered just passive investing?   I see that you are considering syndication as a strategy, which you can certainly do as a passive investor or as a syndicator yourself (finding the deals, putting together the business plan, & raising money from investors).  Make sure you understand the rules associated with raising money so that you don't take on any unnecessary risks with the SEC.  There are also specific documents to learn about when doing a syndication. 

Also, my husband and I have taught "How to go big, without starting small in Apartment Investing."   We started small 23 years ago, with 1-4 units at a time.  We were landlords while working full time, which included fixing toilets, hanging drywall, collecting rent from unwilling tenants, eviction, and more.  We wish that someone would have told us that there was a way to go BIG right out of the gate!  For us, 100 units or more makes sense for full-time management.  We have a 64 unit in Dallas that we just cut back the full-time staff member to part-time. It just didn't make sense for her to be there full-time.  We also have 2 8-units in Dallas.  If we were to have a management company manage those places, they would charge 10% + an hourly fee for staff/maintenance/leasing/etc.  In comparison, our 200-400 unit complexes are 3.5% management fees + payroll for the staff.

If you choose to invest in a syndication, especially as a passive investor, I would encourage you to invest the money in at least 2 different deals.  AND...Do your research on your syndicator!

Good Luck!

@David Borg  Hi David!  I am actually visiting family in Detroit this week (we grew up here), but live in Dallas now.  We buy large apartments (150+ units) in Dallas, Atlanta, and Memphis.  We started off with 1-4 units over 23 years ago in a small Michigan town.  We learned that we do not like being landlords or doing any of the toilet repairs, hanging drywall, or handling the evictions ourselves. We prefer the more hands off approach of large multifamily/apartments by utilizing a 3rd party property management company.  We also teach that you can Go Big In Apartments Without Starting Small.  We use syndication to leverage other people's money to go bigger than we would ever be able to go on our own.  Just something to consider when deciding how to plan out your portfolio of investment properties.

Welcome to BP!!!

@Jasmine Vigo  Hi Jasmine!  The Real Estate Guys say, "Live where you want to live, Invest where the deals make sense."  Is there a reason you wish to invest in New York?  

You need to start off with deciding if you want to be a passive investor or HANDS ON. 

If you decide to be hands on, how much time do you want to devote to real estate investing?  

Then decide what kind of real estate interests you? If you want Single Family or Small Multifamily, do you want to self manage?  Large Multifamily can easily afford a property management company without eating too much into the profit.  

When you say you want to put 20% down...do you have a particular purchase price in mind?

Do you want to take on partners or leverage other people's money (through a syndication)?

Do you know how to analyze deals to know if a deal even makes sense to pursue?

If you are interested in Commercial Buildings, have you spoken to any Commercial Brokers?  

If you decide to partner on a deal, make sure you do your due diligence on that partner.  Getting out of a bad partnership can oftentimes be more challenging than getting out of a bad marriage.

Good luck in your future investing & education!  It is a very exciting adventure!

Tamiel

@Giora Sela  I agree that your 1st step should be to contact some of the bigger Multifamily Brokers in the area that specialize in small multifamily.  (5-60 units)  You could also try to meet with a property management company that specializes in  small multifamily in the area.  Both the brokers and management companies should have the data that you are trying to collect.  Both could also be good sources for you when you are ready to buy.

@Shiloh Guin  There is no reason to wait to jump into Apartments.  You just have to decide which player you want to be in this game: The Passive Investor or The Syndicator.  You can, of course, be an independent owner using all of your own funds...but this limits your speed at which you can grow.  You are lucky to be getting in this game now.  When we got started...23 years ago...we had no internet and did not have the access to information and resources that you have at your fingertips.  I wish I knew that Apartments were possible for us and professional management companies available, when we got started.  We have so many lessons learned along the way.  Our biggest one is that you don't have to start small and grow slow.  We have taught a webinar recently that talks about Going Big in Apartments Without Having To Start Small.  So...if this interests you, don't let fear of the unknown stop you!  Learn what you need to know and jump in!