All Forum Posts by: Todd Dexheimer

I have done both - it really depends on your goals and your partner. Right now I fly solo, but syndicate, so my partners are silent. I enjoyed partnership a lot because you can build off of each others strengths and weaknesses. For my partnership, ultimately it was time to split because my partner no longer put forth any effort. I would say partnering on your first big purchase - like a 50 unit would be a good idea if you're not comfortable with it or just want someone with experience. 50% of a good deal is better than 100% of a bad deal or no deal. 

What are some of the best national conferences to attend for Multi-family investors? Looking for conferences that are great for networking and have good speakers and flow.

@Zachery Buffin no insult taken. I am looking at the context of the original post and it looks like she's trying to buy rental real estate. In that case cash flow is the most important thing to consider, especially in her situation. Taking action is massively important, but being strategic is equally important. 

@Zachery Buffin said "You should consider picking up everything in the package as well even if they don't necessarily cash flow well." 

I could not disagree more. Cash flow is king, don't buy a rental without cash flow, unless you have extra money to throw around. That is the quickest way to failure.  

Foremost

ABC's of Real Estate Investing by Ken McElroy

Real Estate has allowed me to quit my job and do what I love. It has given the freedom to make everyday a Saturday and spend time with my kids. I work 60+hrs/week because I love it. I have been doing this for 10 years and find no days dull or boring about the business - if you are hustling and trying to get deals done it will not be dull. Stress - oh, yes, there is stress, but overall satisfaction. For me no mentor starting, just me, partners and books. No one holds me back - I don't let them

With $750k I would look into larger value add type deals. You may consider partnering with someone with experience if you feel necessary. For the highest potential ROI do it yourself and invest in a value add apartment or commercial deal or deals. Investing by yourself carries the most amount of risk, but the highest reward. You could probably get financing for a $2M building with that money or you could buy a dump cash, fix it and then get financing on it. If you invest with others I would vet them very, very well and don't mention up front that you have $750k to invest. I may tell them that you have some money you could put into a deal and then talk with them about their business. After you build a trusting relationship and know they are someone to partner with, then discuss your funds. Good luck and don't forget to post when you have a deal you are analyzing!

He could possibly sell with a lease option. This would allow you to get in on seller financing. The deals could be good or bad, depending on a lot. Location? Is it a bad area or good? What utilities does the owner pay? If owner only pays water and sewer, then that would help a lot. Repairs done and needed? Property taxes? Insurance expenses? If he has a financial statement showing the profit and loss that would be helpful. As a rule of thumb the expenses are 50-60% of the income. 

If the cash is in your bank before the offer, then yes. If not you can always present it as "cash," but you should disclose your source of money is coming from family.