Introduction - New to REI

[Luke Liesch]

Hi everyone, 

I wanted to introduce myself and give a brief background on my real estate investment journey so far. A couple of years ago I graduated from college and entered the financial planning industry, and during this time I discovered real estate was a great vehicle for building income and wealth. After doing some reading and lots of podcast listening, I knew I wanted to acquire rentals and scale by acquiring larger and larger properties and eventually find financial freedom. I was struggling to stay focused on this strategy, so last year I decided I needed to make a career change and find a job that would allow me to learn and focus on multifamily investing. I was able to land a job this past spring as an analyst for a multifamily brokerage that specializes in affordable housing (i.e. Section 8, Section 42, etc), and I have slowly been learning how to underwrite and value multifamily properties. I just bought my first property this past month, a SFH in Cincinnati that I would like to house hack as an AirBnB rental on the weekends (most likely will not cover my entire P&I and expenses, but could still cover a nice chunk of it). After about a year (bought this property with a conventional loan, 3% down), my current plan is to turn it into a full time AirBnB (if the market changes, I could turn it into a standard rental. There is potential for it to cash flow - the house is in an appreciating neighborhood, very good school district, and I will constantly be making improvements to the property for the next year). After this first year, I'd like to repeat the process, acquire another property and house hack it. Hopefully this next time it'll be a 2-4 unit. In the meantime, I would like to use the knowledge I'm acquiring underwriting larger multifamily deals to find multifamily deals on my own, and acquire through partnerships or syndication. I would really like to learn more about this segment, so most of my time on BiggerPockets is spent trying to learn more about acquiring multifamily through partnerships/syndication. I would love to connect with other like-minded people! Feel free to DM me at any time.

Thanks!

Luke

[Chris Tarpey]

Welcome man! We are looking into syndication and multifamily investing as well. This is a great forum to network with those who have aligned goals!