All Forum Posts by: Adam Lacey

One of the great things about CRE is that the deals are generally large enough that you can partner with people and still have enough meat on the bone to go around. Another thing to consider is that with CRE, it is really hard to take a deal down without somebody on your team that is experienced in the space. Not that you can't do it, but more along the lines of not being able to find lending and not gaining the trust of the broker and seller enough to award you the deal. Unless you can find a true off-market deal, you are most likely going to be up against investors with experience and the experience and track record closing similar deals generally gets the deal.

Hey @James Carter, that's awesome! I think scaling up to multifamily is a great way to make your money work harder for you. With a 2-4 unit property, the lender will be similar to a SFH, so you shouldn't have any issues with that. I don't see any real downsides to scaling up other than there will be a lot less product on the market to consider. Have you considered connecting with wholesalers to help you find a good deal?

@Mrunal Panchal congrats on the sale! With that much $ to invest, you could definitely find operators that will set their apartment deals up to accommodate your 1031. They need to be structured in a certain way to do so, but as long as you are willing to bring a large chunk of $$ tot he table, most will accommodate.

Thanks @Dushyant Ravi! This is helpful info.

@David Abbate are you referring to re-zoning the property, if necessary? That will definitely vary city to city and sometimes even block to block.

Awesome. Would love to hear more about it.

@Hector Canales would love to hear more about it.

@Donald Hlava that's kind of a loaded question. Are there already kitchenettes? Are you planning to knock down walls and completely modify the floor plan? Is a lot of electrical and plumbing work needed to accommodate the conversion? All these will make a huge difference in scope of work.

You could partner with others to scale outside your market or consider becoming a passive investor.