All Forum Posts by: Todd Dexheimer

Welcome to BP. What kind of real estate are you looking to do? My company focuses on 100+ unit multifamily and have a multifamily meet up and conference. Plenty of MN based investors on BP in all kinds of RE niches. 

Surround yourself with the right people. Real Estate Attorneys, Securities attorneys, real estate brokers, lenders, property managers, contractors and mentors. Also, create relationships with other investors at your level and a step ahead of you. I don't think there is any better risk management tool than your network. 

This will depend on what you're looking for. We purchase 100+ unit MF, so our source is brokers and to a much, much lesser degree property managers, appraisers and lenders. With that said 100% of our deals over the past 4 years have cam from RE brokers and our strong relationships with them. 

Hard to build in a C class area without getting government funding of some sort. As for building costs - I would expect $150-$250/sqft

Development or redevelopment. These are of course a bit higher risk, but also have much higher reward potential. We haven't done development, but we do some redevelopment/repositions. These are properties that are in C or D condition, located in A or B class areas. Major renovation is then completed with no/minor cash flow for 2-3 years. 

MF goal: purchase $50mm+ in real estate and continue providing investors excellent returns

Coaching: grow Multifamily coaching platform by adding more mastermind groups that produce massive results.

Health: no junk food and exercise 6 days/week

Personal: Spend quality time with family and friends

Yes, they include your primary residence. Net worth is simply the value of what you own minus the debt you are in. 

Find the GP's that actually know and understand their goals and the reason why they are investing in the asset class. What make it strong now and in the future. Find companies that are in this for the long run. Companies that aren't just doing deals to get the acquisition fees or to check the ego box. 

I have an article here to read about what to look for when looking for an LP: https://www.biggerpockets.com/...

What size property? For large MF (100+ units), I would recommend Denton Floyd

I am not following your logic. You heard one guy say that real estate will lose value, so you decide it is risky. Then you look to cyrpto as a place to put your money to avoid the risk of real estate?