Seeking suggestions

[Shay Ghafoor]

Hello BP Folks!

I've owned and operated a number of businesses over the last 20 years. Such as motel, C-stores gas stations, and quick service restaurant franchises. Owning RE with all of the above.

I like to continue to build my capital base, but with less risk. Which is why I'm considering residential RE.

I understand that no one can give personal advice. But, would love to hear what the seasoned investors think.

I'm in the DFW area. Prices maybe better than lots of places but the value investor in me thinks RE is being priced for perfection today. Good deals are far and few....If you were in my shoes how would you proceed?! Would you go with SFR or MF? Would you dollar cost average over a number of years?

Would you buy 100 SFR's (@100-200k)?! Or MF 200-300 doors?

Thanks in ad advance

Best Regards

[David Thompson]

Hi Shay,

Having done both SFR and MF, I like MF for scale and forced appreciation opportunities that I can't get w/SFR. We are closing this week on a 320 unit apartment community in North Dallas. We like the area as well for strength in population and job growth. Many corporations continue to migrate NA operations to Dallas due to its centralized U.S. hub location, lower cost of living, etc and don't see that trend continuing. Yes, more challenging to find value but the trend is still solid in TX markets.

I would do the following:

1) Education - read up on MF investing (books, BP podcasts focused on apts, MF forums, etc).   Books I like are:  Steve Berges - Complete Guide to Buying and Selling Apts; Dave Lindahl MF Millions to start.

2) Network - attend local MF meetups in your area or create your own.  Setup 1x1 coffee w/those that share a common interest in partnering.

3) Syndication - if you lack time or just want to learn and make money sooner while you are working on your own DIY plan, if accredited, there are some great ways to get into this from a passive standpoint.

4) Coaching - something to consider down the road to ramp faster, get exposed to deals and support a syndicator for profit.

https://www.biggerpockets.com/forums/432/topics/30...