Mentorship in the DMV

Mentorship in the DMV

Reston, VA · Member since 2021 · 3 posts · 1 vote

Hello BP! 

checking the pride at the door and looking for some mentorship! 

Currently have 4 rental properties and a good amount of equity which could allow me to break into larger real estate (multifamily, self storage, luxury str). Lately very interested in self storage.

would really love to connect with someone who has established a scaled portfolio and is willing to help out a “newbie” learn and grow. 
I don’t expect free mentorship and believe I could bring value in many ways (paying for time or even better bringing money into a deal where I can learn along side)

End goal is transitioning out of SFR and deploying $800k-$1M into a scaleable asset. I am hung up on taking that leap until I make some connections with people that have done something similar.

Currently active duty in the military and trying to set myself and my family up in the next 5 years so when I get out I can be a full time real estate investor.

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Ronald RohdePro Member
Attorney · Dallas, TX · Member since 2016 · 5k+ posts · 2k+ votes
2y

Why do you want to get into commercial? which asset class do you like managing better? To me, I sold all SFR to buy industrial single tenant NNN. Now over 5 industrial properties, couldn't be happier

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  • Hamp Lee IIIPro Member
    Real Estate Agent · San Antonio, TX · Member since 2019 · 1k+ posts · 832 votes
    2y

    Welcome to BiggerPockets and congrats!

    I’m active duty Air Force with retirement coming soon.

    I wish you all the best.

  • Real Estate Agent · Washington DC · Member since 2016 · 847 posts · 654 votes
    2y
    Quote from @Kevin Konrad:

    Hello BP! 

    checking the pride at the door and looking for some mentorship! 

    Currently have 4 rental properties and a good amount of equity which could allow me to break into larger real estate (multifamily, self storage, luxury str). Lately very interested in self storage.

    would really love to connect with someone who has established a scaled portfolio and is willing to help out a “newbie” learn and grow. 
    I don’t expect free mentorship and believe I could bring value in many ways (paying for time or even better bringing money into a deal where I can learn along side)

    End goal is transitioning out of SFR and deploying $800k-$1M into a scaleable asset. I am hung up on taking that leap until I make some connections with people that have done something similar.

    Currently active duty in the military and trying to set myself and my family up in the next 5 years so when I get out I can be a full time real estate investor.

    You’ll probably make more money in sfr than small multi at this point, can’t really speak for self storage though.
  • Ronald RohdePro Member
    Attorney · Dallas, TX · Member since 2016 · 5k+ posts · 2k+ votes
    2y

    Why do you want to get into commercial? which asset class do you like managing better? To me, I sold all SFR to buy industrial single tenant NNN. Now over 5 industrial properties, couldn't be happier

  • Investor · FL · Member since 2017 · 134 posts · 66 votes
    2y

    I spent the past 3 years purchasing each RE asset class and storage was one of my top 3 favorites due to the following reasons: 

    1. Improvements were relatively simple to make 

    2. You can automate the entire management and leasing process

    3. The leading 3rd party management platform "East Storage Solutions" provides services that make it easy to lease out vacant units.

  • Real Estate Agent · VA · Member since 2022 · 49 posts · 6 votes
    2y

    Do you want to own outright? Lots of ways to get into any asset class outside of residential rentals through accredited investor funds, etc. Less work, some less return, but also can be less risky depending on the operator and fund structure. 

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