All Forum Posts by: Adam E.

I have not invested with Grocapitus but I have met several people who have and I go to their "Multifamily University" Meetups fairly often. They and their investors don't typically spend much time on BP because they get the most value from meeting with Neal and his team in person at meetups and on phone calls. 

Grocapitus is the most innovative syndication company I have ever seen though, so I would highly recommend attending their webinars and getting involved with them as an investor.

For full transparency, his Marketing Director of Marketing and Social Engagement, Eric Bleau, has been my mentor for the past several months so I am a little biased, but, having personally been to multiple boot camps and having met several syndicators like Vinney Chopra and Anthony Chara, I can confidently say that Eric and Neal are two of the smartest, and most well-put-together players in the multifamily syndication world I've met. 

Also, I'm sorry they don't have much BP presence, their investor relations management team is Neal and one other person so I guess they haven't found time to come out here. Let me know if you have any questions! I'll try to be more active on here :)

@Josh Rodriguez

If you can get a property in Fairfield for 100k there’s very little doubt in my mind that you can make good money on it, but it looks like your underwriting is pretty hopeful with 5% repairs and 10% pm. Those aren’t outlandish numbers, but they aren’t conservative by any means. The Cashflow will be tight but Fairfield is a good compression market as it’s between two big cities so that property looks like something you should definitely pursue on some level; If you can’t handle the potentially negative cashflow, then flipping is always an option, and if you can eat the mortgage for a while, Fairfield is a pretty stable market with Travis AFB so it could be a great hold. Depends where it is in town though so be careful.

Best of luck!!

DM me if you have questions or need help with anything else :)

@Robert C.

Mike Nerby with The Nerby Group does Land flipping out of state. Google his name for his contact info :)

@Cody Kale

The Real Estate Round Table in Sacramento is a great community. Come say hi and I can introduce you to some great people!

Cashflow in the Sac area will be really tough to find but you can definitely get some deals done if you meet the right people. Just be open to new strategies.

@Jean Marx

Thanks Jean! Always glad to hear about some local experiences, even if it’s been a few years. The price to rent in Sac is SO much better than in a lot of California. Definitely something I’ll be considering when I look for a place to live more long term.

@Jennifer Rieke

You should read David Greene’s two books if you haven’t already because they’ll spell out exactly how you can build up a lot of cashflow and equity in the most efficient way possible (which is out of state). Any sort of house hack you can do to save up money in the meantime to invest later is good progress though. Even if you don’t cashflow, you’ll be saving money to use later :) good luck!!

@Account Closed

Thanks so much for the insight!

@Brittany Keyes

Read David Greene's books!! Still haven't read BRRRR, but Long-Distance Investing was amazing. An easier intro to the subject is to listen to the podcast episode #327

@Blake Edwards I see, thank you. I’m on mobile right now and I haven’t figured out how to find the meetups without a desktop.

@Blake Edwards you’re very welcome! Where can we find the details for that meetup? Meetup.com? Eventbrite? Another site?