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Updated over 1 year ago, 04/27/2023
Hey all here's stuff about me
Hey all,
I'm posting to give you a bit about me here.
My fiance and I (wife in June this year.) Are looking to expand from our 7 unit portfolio to 18 units by end of 2024. We love in Phoenix, AZ but own in Indianapolis, IN and in Killeen, TX... All our homes are in VA or FHA loans at the moment. We are looking to leave this house hack model behind and get into cash down (50k or less), partnerships, and seller financing deals.
My fiance is new to investing and doesn't have a whole lot of experience.
But me on the other hand, I have been managing multifamily, sfh, and commercial spaces (malls, class C-A office/retail, and light industrial/flex space). I've also flipped 14 homes and built a portfolio of over 300 units and 152 commercial spaces for an ex-wifes trust for her grand parents (clearly no longer part of that). I also built a team while in college to build an apartment complex out of retired military connexs. It was supposed to be a flex space with 13 commercial units on bottom floor and 250 units of of apartments on second floor with a massive community and flower pot rentals on top floor for sustainability. I had quotes ranging 155 to 350 sqft it was supposed to be around 75k sqft in total livable sqft. We had raised 55m for this project. Put 3 different parcels of land under contract in incredibly valuable areas but all three times we were left at the table by our money partners. They simply didn't believe it could have been done... Sadly this was around 2019 if they had invested in the property contractors quoted us 6 months construction we budgeted 2 years. The cities wanted them and so did the people (according to our market surveys). If it was here today our budgeted rental rates would be triple what we put in our projections. The value of the property would also have been 400% more then what we thought it would be worth.... All this to say their loss... Lol
Any way, that's about us. We aren't trying to grow quickly so we actually take out time going through the numbers. Also we both work full time jobs and I'm in school for law school with a masters of real estate development too.
DM me if you are curious to learn more about me. Also if you have deals and you want to add us to your distro list: lenders, contractors, wholesalers, realtors alike (excluding Phoenix metro area) feel free to ask for my email.
We purchase anywhere that is safe to walk a dog around and isn't millions of dollars for rentals that are meant for tenants that have minimum wage jobs.
I'd love to get to know more about all of you and expand my network!!!
My dream is to make that apartment complex come to life before I die.