Go Solo OR with a big Multifamily investor

[Sanjoy V.]

I have been trying to find a decent deal with good cash flow and cap rate in Texas for a year and seems less and less likely; Dallas and Austin. Worry about OK city, although tempted sometimes to commit there. The caps are inflated, too much competition, I have been outbid several times or no one contacts me. Looking at less than 45-70 units in the 3-5mil range. Like the value add strategy but not sure what time commitment it needs? Even if I can manage to get something impossible in the current scenario. I am very busy, the question is, is it worth to go solo or is it best to invest with a bigger multifamily group or those online crowdsourcing deals, which claim a minimum return of 8% plus some IRRs at 17% give or take. the risk is still passed on to the investor. You have no true asset. How does this compare to you actually buying something on your own and give it to Mgmt company? When you do on your own, when you sell, I think you do better? Or no. Can anyone analyze the risk vs benefits with doing solo vs investing in a multifamily group, what’s the standard return and IRR. Plus you are directly investing cash into these, vs with a loan you just need 20% of the value; although cash on cash should still be the same, I guess. I am looking for advice, cause looks like I am quite discouraged by the market and it’s hard for a first timer to break into this. I like the balance of cash flow and appreciation. Thoughts on what the BP experts would do in this situation? Thanks so much!