All Forum Posts by: William Brien

@Tom Parris  We are looking for properties in the $1-$5M range with value-add opportunities.  We are flexible on location and are looking to learn more about the surrounding Dallas suburbs.  What suburbs are they in?

@Lucia Rushton Thanks, Lucia.  We will be in Dallas June 3- June 6.  We've done a good amount of research on neighborhoods, prices, demographics but want to get a better sense of properties/areas on the ground and build our networks of real estate folks out there.

@Michael Dang Michael, we're looking for assets in the $1-$5M range, which depending on the area and relative prices will obviously yield different unit numbers.  We are looking for buildings with value-add opportunities, so properties in the B range in decent neighborhoods. We have been thinking about mostly workforce housing, but are flexible to different kinds of options, including student housing.

Hi all -

I am looking to explore investing in real estate in Texas.  Specifically I am looking to buy/invest in the value-add multifamily space in the Dallas and/or San Antonio metro areas.  My partners and I are coming out to spend a week in Texas the week after next and are hoping to meet with brokers, agents, property managers, other investors etc. to get a better grasp of the areas and available opportunities.  Please let me know if you have suggestions on specific areas to target and/or people to reach out to while we are there (including anyone on here who wants to meet up and/or chat).

Thanks!

Will

Thanks @Jason Merchey, @Scott Mac, @Mauricio Ramos, @Theo Hicks, @Russ Scheider and everyone very much for the thoughts, comments and welcome reception.  My two partners and I are all lawyers who have been working in commercial real estate transactions for the past six years and are finally looking to jump into the investing space ourselves.  So while there are undoubtedly benefits to the passive investing/syndication side, we are looking to learn/get the upside from our own deals.  There seem to be a great number of people and information here to learn about investing possibilities across the country and it's time for me to dive in!  Thanks

@Ned Carey thanks for the feedback. I agree that finding cities with the proper demographics- population and employment growth is important- that’s how, along with other factors, I targeted the cities I mention above.

What are a few tactical ways to gain connections to brokers, lenders etc if you are looking for a deal in a city that you do not live in?

Hi all -

I'm a new poster here on bigger pockets.  I've been listening to the RE podcasts for months and now looking to finally actively engage in this fantastic community.

I currently live in Los Angeles, but am looking to invest in the multifamily space in an out-of-state market that is a little cheaper. I, along with two partners, have been looking into a few cities that are a short(ish) flight away (Boise, Salt Lake City, San Antonio, Dallas, Houston) as well as a few cities that are a bit farther (Charleston, Charlotte, Raleigh, Atlanta, Orlando, etc.). Our current plan is something along the BRRRR method of value-add/hold in multifamily space. I am curious to hear people's thoughts as to whether there is a significant benefit to picking a location 2-3 hours away vs. 5-6 hours away?

Also, I am looking to build a network of brokers, lenders, property managers to help from acquisition through management.  My question here is two-fold - should we pick a city and then try to build this network, or feel out building a network in multiple cities and then pick a location based on where we can generate the strongest network?  Any help/suggestions would much appreciated.

Thanks!

Will