All Forum Posts by: Alina Trigub

I second what @Hadar Orkibi said about getting educated first. You need to fully understand what syndication mean, as well as what type of assets you want to invest in.

Reading a few books on the topic of syndication as well about various assets should help. @Brian Burke book has been recently published and offered via BP bookstore. Also I like both of David Lindhal's books on multifamily, so add that to your reading list.

In addition, here're a few articles to help you further:

https://www.biggerpockets.com/member-blogs/10850/86621-six-steps-approach-to-getting-started-in-real-estate

https://www.biggerpockets.com/member-blogs/10850/86626-the-pros-and-cons-of-investing-via-real-estate-syndication

https://www.biggerpockets.com/member-blogs/10850/87614-interpreting-the-private-placement-memorandum-ppm

4 Votes

@Bryan Rogers

Welcome to BP community! Congrats on deciding to start investing in real estate. You need to figure out how much time you have and how to apply the skills that you have best.

Here's an article I wrote that should give you some guidance:

https://www.biggerpockets.com/member-blogs/10850/86621-six-steps-approach-to-getting-started-in-real-estate

If you need more guidance feel free to reach out as I'm in the process of creating training on getting started with REI.

0 Votes

@Armando Lopez

Welcome to BP community!

Congrats on deciding to invest in real estate!

You should educate yourself as to what's involved in MFH investing while you're saving money.

Here're a few articles to get you started:

https://www.biggerpockets.com/member-blogs/10850/87253-should-i-scale-my-investment-from-single-family-homes-to-multifamily

https://www.biggerpockets.com/member-blogs/10850/86621-six-steps-approach-to-getting-started-in-real-estate

0 Votes

@Sachin Maskey

Unless you're a super wealthy experienced investors, I suggest you look for CPA/attorney some place else.

0 Votes

Ryan,

A few things:
1) check out the regulations in your local area for setting up RAL (btw, they may be called something else as RAL is not official title and they tend to have different names in different states.)
2) consider reaching out and posting it with the agencies that sell businesses such as bizbuysell and advertise it there. this step assumes you've completed step #1 and know what this facility is called and it is actually allowed to have in your type of house.

Originally posted by @Ryan Miller:

Let me know how this turns out. I have one SF rental in a neighborhood that currently rents for $1850...but cost $300k to build, which my company did. Its the ugly duckling (from a ROI/performance standpoint) in my portfolio and I am dying to re purpose or just offload. I explored assisted living (individuals with disabilities) as they cash flow nicely in my area and my 9-5 is in that world. Unfortunately, I haven't had any luck connecting with the right agencies to discuss. In fairness, this was just before the pandemic so my attention has been elsewhere. Keep us posted.

0 Votes

@Iftear Naser

Welcome to BP family! Now is a great time to educate yourself to determine what kind of investing you'd like to do. Here're a few articles to get you started:

https://www.biggerpockets.com/member-blogs/10850/81214-what-goes-up-must-come-down-or-market-cycles-fluctuation

https://www.biggerpockets.com/member-blogs/10850/86621-six-steps-approach-to-getting-started-in-real-estate

https://www.biggerpockets.com/member-blogs/10850/85351-nothing-will-work-until-you-do-maya-angelou

0 Votes

@CJ Nweke

I completely agree with what @Marlen Weber advised you to do. Networking is the key here. Also, you need to build your credibility by sharing your expertise through some sort of leadership platform, aka social media. You can do it via any social media: FB, BP, IS, etc... or via podcast or youtube and etc...

Best of luck!

1 Vote

@Scott Rucker

I agree with @Aaron K. Offer him a finders fee. If you want to hire him or someone else to PM it, that's fine but keep the two things separately. You'll be a happy down the road.

2 Votes

@Erkan Gungor

I suggest you find ways to buy at a lower rate.

1) partner up with someone who has the funds

2) Get a HELOC on your existing property

3) Ask owner about potential owner financing

OR wholesale it to someone else.

Getting commercial loans will be harder and harder these days as the requirements becoming stricter including such thing as having 9-18 months of reserves and more.

Also, in terms of overall financing, your best bet is the local smaller banks that know the area.

0 Votes

Phoenix, Arizona

@Ian Reynolds

Study the successful people, the ones that you admire and see how they were able to achieve great results. Then follow their lead, there is no need to reinvent the wheel.

Also you haven't said much about your primary business but if it is income producing and you know how to multiple it, then concentrate your efforts on it and invest in real estate passively.

Here're a few posts for you:

https://www.biggerpockets.com/member-blogs/10850/86621-six-steps-approach-to-getting-started-in-real-estate

https://www.biggerpockets.com/member-blogs/10850/86626-the-pros-and-cons-of-investing-via-real-estate-syndication

https://www.biggerpockets.com/member-blogs/10850/85351-nothing-will-work-until-you-do-maya-angelou

https://www.biggerpockets.com/member-blogs/10850/81214-what-goes-up-must-come-down-or-market-cycles-fluctuation

1 Vote

All Forum Posts by: Alina Trigub

Alina Trigub has started 105 posts and replied 3007 times.

Post: Multi-Family Real Estate For A Sophisticated Investor

Post: Best way to get started....

Post: Getting into real estate

Post: Tax Advisor, Legal and Accounting firms

Post: Assisted living rental

Post: New to real estate, looking for resources

Post: Leads in the time of CoVid19

Post: How much equity to give a property manager?

Post: Multifamily refinance question

Post: Deploying capital at attractive rates of return quickly