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Updated almost 2 years ago on . Most recent reply
It seems like everyone is a Multifamily guru these days.......
Fellow BP-ers,
I have been in the short term vacation rental and SF long term rental business for 10 years now, and am entering the multifamily side of REI in an effort to scale and expand my business.
I have read a multitude of books, listened to numerous podcasts and reviewed as many resources as I could find on Multi-family/apartment investing to further educate myself. Along the way, I found that there was a veritable horde of people willing to train individuals on the subject, with many of these having very large price tags.
What was surprising to me was that many of these services did not seem to have a very long list of closings/deals, visible resources and/or proof of concept that I could see. Has anyone else experienced this? How does one separate the wheat from the chaff?
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@David Cozzi all the education you need is right here on BP and free online. Personally I wouldn't pay more than the price of a BP pro subscription. Dealcheck app is useful for deal analysis and can even learn a lot of terms/definitions/calculations. Rentcast.io is good. Rentometer. Google everything then start going down all the rabbit holes you come across. Find a market and learn the good areas, rental rates, comps, etc. Find an investor friendly realtor, lender, PM, and fellow investors. Search BP for answers and ask your own questions. It'll take a few months, but doing your own leg work is worth a lot more in my opinion.