All Forum Posts by: Todd Dexheimer

I don't think there is much to think about. In my opinion passive investing is the route you and many others should be taking. Even investing in a turn-key property will cause you time an energy and likely create minimal results, unless the market continues to soar. Investing in a syndication or other passive routes allow you to focus on what you're good at and enjoy, while placing your money with a seasoned and well respected company, with a track record of success. It's not a guarantee that everything will go as planned, but either is investing in a single family turnkey. 

DST may be a good option, but the returns are more like a REIT, so it depends on what they're looking for. Also, the tax efficiency is the same as a syndication. The advantage would certainly be in not needing to roll over the funds, but that can be avoided by finding a syndicator that is consistently doing deals or holds long term.

Another option is to sell and then roll the gains into 3-5+ deals with a few sponsors and in a few areas. We very often have our investors do this. The tax write offs that we provide through cost segregation, then offset a large portion of their gains. 

I am not sure If I entirely follow your question. With a syndication you are owning a slice of the pie. When we do a syndication, we are giving shares of the LLC. It's like slicing up a 100 unit into 50 pieces, so you essentially own a duplex wrapped in a 100 unit building. You get your share of depreciation and your share of gains. DM me for more details, but you should not have to sell anything.

 Find people that you can trust. There are a lot of syndicators on BP and on Podcasts. Reach out and build relationships. You will want to work with companies with a track record that you can trust. 

As for minimums. Typically you will find them to be between $50-100k

Just attended the Best Ever Conference. Plan on attending the Northstar Real Estate Conference in May and the Limitless Expo in June

One of my main criteria is rent affordability. I want to buy in markets that tenants can afford rent. Many markets have surpassed that threshold, making them ripe for a decline or government interference. 

I remember early in my education just wanting to quit and dive full into real estate. Work hard, continue to be educated, find mentors and within a short period of time you will be able to do just that. This can happen very quickly, especially if you don't have kids. 

So, how do you start your journey? Find mentors. You can pay someone $10-$50k, you can meet people on BP and at conferences, you can work for an investment firm or you could do all three. The number key to success with mentors is adding value to them and actually doing what they say. The clients that I mentor that have success are the ones taking action. I ask them to read 3 books and they read those 3, plus 3 more. I ask them to underwrite 5 deals and they underwrite 15 deals. 

Speaking of relationships, while you are working your job, be really dedicated, friendly and willing to help. Use this as an opportunity to build credibility on your character with other nurses and Doctors around you. Make friends with them. As you start getting ready to do your first deal or after your first deal, start sprinkling in conversations about what you're doing. Do it right and many of these people will be your investors. 

The next way is to really understand what you are best at and focus on that. Find others around you to fill in your weaknesses, through partnerships and relationships with brokers, property managers, lenders, etc. For partnerships, try to find people that compliment you and that are at or above your level. Finding someone that has some experience, can be a huge asset. 

Here is an article that I wrote that may help you out: https://www.biggerpockets.com/...

 Build relationships and ask for referrals. Many people on BP do syndications and many people interviewed on podcasts are doing them as well. Of course, make sure you are verifying they're honest and ethical. 

Here is a short article on what to look for: https://www.biggerpockets.com/...

Multifamily in the Mid-South and South East. We are in OH, KY, TN. Focused more on KY, TN, FL, GA

Senior housing in MN & WI for now.  

Currently there are no restrictions like that in North Carolina, so you should be ok. Most cities/states don't have laws restricting rent, unless you're in LA, NYC, Seattle, the Bay Area, DC, Minneapolis