Still Hungry

[Henry Reyes]

Hello fellow investors and real estate professionals.  I am new to Bigger Pockets but not to Real Estate.  After reading books for about two years regarding business and real estate, I plunged into rental real estate and haven't looked back.  My wife and I have a growing portfolio of 38 units in Milwaukee and Janesville areas.  

We live in Franklin with our 5 kids, the oldest is 10 years old, we homeschool the three oldest.  God willing, I will be ordained a permanent deacon in the Catholic Church this fall.  I consider real estate the future for my family and am working at buying back my wife's time so that she can spend less time at work and more time with our kids, she is a wonderful mom.  

I have reached a plateau in my level of knowledge and experience.  My dream would be to connect with someone who has more experience to help push our business to 100 units and beyond.  I am still hungry, willing to work hard for my family, willing to learn and humble enough to know when I need to ask for help.  For example, I need advice with financing of future purchases, I especially like small to medium apartment buildings, how to access the equity in my current properties for future purchases, establishing the proper holding entities, approaches to reducing costs and systems that I should have in place to allow for scalability as our business grows.  I know that everyone is very busy, but I would be very grateful to anyone who would reach out to me with their experience and knowledge.  On the flip side, if there is someone who would like my help or advice, I would be glad to give it.  

I have only been on BP for a short time, but looking around the forums and posts I appreciate the way that you help one another to be successful.  It encourages me to see people giving advice to newbies and pointing people in the right direction.  I wish each of you the best of luck in your businesses.

- Henry Reyes    

[Johann Kleisch]

Great to hear about you success Henry!

Dave Lindahl has some great info about multifamily and going to the next level.

Best of success, God Bless!

[Henry Reyes]

One of his books is on my to-read list, I am going to bump it to the top of the list.  Thanks!

[Brandon Stevens]

Congrats on your success Henry. With that many units if you have some good equity Id first start by talking to local banks about what portfolio options they can offer you to help unlock that equity. They are still likely to be your cheapest source of financing and are likely to have some ideas maybe you havnt even thought of. Tri-city is investor friendly for seasoned investors maybe start there but I'd just go talk to as many as you have time for and pick their brain on their recommendations first. If your numbers look good id just keep doing what your doing. You'll be @ 100 before you know it. Then you have a little more flexibilityto maybe trade up to some bigger complexes and reduce your expenses. Gl

[Henry Reyes]

Thank you @Brandon Stevensthat is one of my growing edges, I need more relationships with more lenders. 

[Chris Heeren]

Congrats on your success. It sounds like we are in a similar boat, I started 2 years ago and have accumulated 21 rental units in Janesville/Beloit and am just finalizing our game plan on how we can turn that in to 100 in the next few years. If things go well I may be able to help you locate some heavily discounted properties in the area in the near future.

[Ramon Jenkins]

Welcome to biggerpockets

[Henry Reyes]

@Chris HeerenI would love to compare notes. @Ramon JenkinsI would love to talk to you about the Milwaukee market. 

[Ramon Jenkins]

Please send a private message

[Ricky Butler]

Henry Reyes , God Bless you and your family this post is inspirational for me. Thank you!

[Henry Reyes]

@Ricky Butlerthank you, best of luck to you to provide for your family and kids through your work and Real Estate.