All Forum Posts by: Holly Williams

@David Smith  Don't misunderstand....the life of the project should definitely have an equity multiple of 2x

What a great thread!  In life you want as many options possible, and education does indeed open doors.  Those pieces of paper can't hurt, and could very well be a blessing in the future.  Lots of people will tell you that college isn't necessary either.  I hear many people say that they regret not finishing their degree, but I hear very few people say that they are sorry they have one.

Take advantage of opportunities and enjoy the ride!

@Efraim L. All of my investments are totally passive syndications.  I never realized that you could truly invest in real estate without the work until I discovered multifamily syndication.

@Roy Gottesdiener I did it lots faster than that with passive syndications. I have a couple of blog posts about it here on BP. Happy to give details if you want to ping me privately.

@Jacob Morris I did it in five years by moving money from the stock market. I retired last year and now find deals I love and tell everyone I know. The key is to determine your priorities and find like-minded syndicators to work with.

@Ethan Smith it depends on what your definition of a better result is. My definition is immediate cash flow with capital preservation as the first priority, tax-friendly, at least 7 or 8% preferred returns with depreciation paper losses, and all-in after liquidation an 18% or higher annualized return. I would look for multifamily syndications with those criteria, and passively invest $100k each in a few. Then rinse and repeat. (Doing no work myself) I did just that and retired in 5 years. Your definition of better might be entirely different. Hang around here, determine your goals, and ask questions. There are many people here who will share their experience. Feel free to PM me If I can help!

@Efraim L.

I was a NYC advertising executive. I found my niche making passive investments in apartment complexes out of state. I also have a couple of properties in Brooklyn and Ulster County NY, but I’m not a fan of the NE in general.

I’m in the City as well, and feel free to ping me if I can help.

@Jason C.  I was in your position a few years ago, and I'm happy to chat to see if I can point you in a good direction or two.  Just like most businesses, it's about finding people with the same goals as you have and getting to know them.  PM me if you'd like to connect, and best of luck to you.

When you start getting a paycheck, no matter what, pay yourself first.  Save something every month religiously before you do anything else.  

@Michael P. I would talk to some turnkey providers and look into investing in a syndication as well. Lots of info on this site about all of the options, and I would take my time.

People here are willing to connect and share their experiences. Then you can decide what is best for you and your family.

(And btw, I feel your pain. I’m in NYC.)