Excited to Grow with the BP Community

Excited to Grow with the BP Community

Brandon WeisBusiness Member
Property Manager · Lima, OH · Member since 2024 · 46 posts · 34 votes

Hello All, I joined Bigger Pockets pretty recently, and I am excited to learn as much as I can from those further along in their journey than me, while also being able to help those that I can. I work for a property management company, so I get to see a lot of rookie mistakes from the outside looking in. I'm hoping this leads to me avoiding a lot of those early mistakes, but we'll see how well that actually holds up.

The main thing I am excited about with Bigger Pockets is hearing opinions and thoughts from a wide array of people. Like many real estate investors, my friends and family are not in this world, so I don't talk real estate with them. Fortunately, with my job, I do have people there to discuss it with and learn from, but I am still excited to expand that knowledge base further than my immediate circle.

On my personal real estate journey, I am currently under construction on a new-build triplex that I'll be house hacking. I am a minority partner in 19 doors and an extreme minority investor in a fund of 54 doors. I've still got plenty to learn, but I’m excited to keep growing!

Hartsock Realty Property Management
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  • Drew SygitBusiness Member
    Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
    1y

    @Brandon Weis when it comes to PMCs, you'll find two main camps here on BP:

    1) Hardcore DIY landlords that think & promote EVERYONE should DIY manage. 
    - Many are okay and actually understand DIY PM is not for everyone, but there are some that only have negative comments about PMCs.

    2) Owners & PMCs that promote hiring professionals.
    - Some PMC members are only here to promote themselves and don't offer much of value. You'll find most though, give good advice.

    You can learn something from everyone here, even if it's just a lesson about what NOT to do:)

  • Rene HosmanPro Member
    Rental Property Investor · Denver, CO · Member since 2024 · 583 posts · 652 votes
    1y
    Quote from @Brandon Weis:

    Hello All, I joined Bigger Pockets pretty recently, and I am excited to learn as much as I can from those further along in their journey than me, while also being able to help those that I can. I work for a property management company, so I get to see a lot of rookie mistakes from the outside looking in. I'm hoping this leads to me avoiding a lot of those early mistakes, but we'll see how well that actually holds up.

    The main thing I am excited about with Bigger Pockets is hearing opinions and thoughts from a wide array of people. Like many real estate investors, my friends and family are not in this world, so I don't talk real estate with them. Fortunately, with my job, I do have people there to discuss it with and learn from, but I am still excited to expand that knowledge base further than my immediate circle.

    On my personal real estate journey, I am currently under construction on a new-build triplex that I'll be house hacking. I am a minority partner in 19 doors and an extreme minority investor in a fund of 54 doors. I've still got plenty to learn, but I’m excited to keep growing!


     Welcome Brandon! It's so great to see someone with such diverse experiences in real estate here on the forums. That's super helpful for everyone because you seem to have a lot of knowledge that might be great for rookies who also want to avoid the same mistakes you're seeing. What area of the country are you building this triplex? What made you decide to do a new-build??

    BiggerPockets
  • Lender · TX · Member since 2024 · 308 posts · 195 votes
    1y

    Welcome to BiggerPockets! Sounds like you’re off to a great start with your triplex house hack and experience in multiple doors. Your property management experience will definitely help you avoid common mistakes. Best of luck!

  • Brandon WeisBusiness Member
    OP
    Property Manager · Lima, OH · Member since 2024 · 46 posts · 34 votes
    1y

    @Rene Hosman I am building the triplex in the main market we manage in - Lima, Ohio. It is a small market with a population around 30k, but since we have so many connections in the area, it really helped get something unusual like this off the ground. For example, a bank would never give someone like me who hasn't built before, a loan to build like this, but we are doing it through our company which has a great track record and I will buy it upon completion.

    I mainly went with a new build because I thought it was a very unique opportunity given the connections I have working in a development and property management company. There is a lot of really old housing stock in our area, but I really thought this would stand out. It will be the only ranch-style triplex in the area that I know of. That, combined with a couple other factors, has me confident that it will get the top rent in the area for any multifamily unit!

    It definitely comes with its risks, but I'm confident the high rent and income-driven appreciation will make up for those.

    Hartsock Realty Property Management
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