All Forum Posts by: Annie Dickerson

@Susan Tan Sorry I'm late to the party! :D I know it's been a while since you started this thread, so I hope you found what you're looking for.

I just wanted to chime in and share that our Real Estate Accelerator is a mentorship program, rather than a course. We basically take everything on the backend of our business – our automations, funnels, email campaigns, call scripts, etc. – and give them to our coaching members. 

It's essentially like a business in a box, based on the system we've created for our own business, white-labeled and customized for YOUR audience and your brand.

Unlike a class, we don't just give you the materials and leave you to fend for yourself. Because this is a mentorship, we offer unlimited coaching and extensive ongoing support to make sure that you get the most out of the program, every step of the way.

Both my partner Julie and I are huge fans of coaching and mentorship programs, and we attribute most of our success to the mentors and partners we've had along the way. We've invested in a lot of other mentorship programs – some incredible and others duds – so we know firsthand the importance of providing true value through a program like this. 

We know that when you are considering a program like ours, it's a huge investment for you, your partners, your family, and your future, and we don't take that lightly. We do everything in our power to ensure your success.

I hope that helps! 

@Tim Lee Being able to cover half of your monthly expenses or more through passive income in 10 years is very doable! If cash flow is your primary goal, you might consider checking out some high growth markets in the midwest and southeast. Those will give you good cash flow in the near term, with the potential for long term appreciation. Best of both worlds!

@Diego Zambrano Feel free to message me, and I'd be happy to share my experiences with Huntsville PMs!

@Nick Mavrakis Huntsville is a fantastic market and has and continues to see a lot of growth. I started investing in Huntsville in 2017 and currently own 16 units across 4 fourplexes in SW and SE Huntsville.

To set yourself up for success, make sure you have a great property management team to help you execute on your plans to renovate and rent out the property. Your property manager will be your key partner as you execute on your vision for the property and can often help guide you and provide insights around renovations needed, investment strategy, how to find the right tenants, and more.

Plus, property managers can also be a great source of off-market deals, since they often have existing clients who are looking to sell their properties.

Great to meet you, @Tim Lee! I'm in Oakland and would love to connect. I've been investing in real estate for 10+ years, started out house hacking (still house hacking now!), then started investing out of state, then started investing passively and also syndicating multifamily deals in DFW and other growing markets around the country.

I think a single-family rental by the end of the year is definitely doable. My main question for you would be – what are you hoping to get out of investing in real estate? Are you looking for cash flow, long-term growth, a way to eventually quit your job, or something else? 

And, how much time and energy do you want to put into the investment? It sounds like you've devoted a fair amount of time to educating yourself (kudos on that, by the way - educating yourself will be the best investment you could make). Do you want to be pretty hands-on with the investment? Or would you rather be more of a passive investor?

@Arta Montero Great question! Out of state investing can be a great way to diversify your portfolio and get into markets that fit your investing goals.

I started investing in small out of state multifamily rentals in 2017 and quickly learned the importance of having a strong team. Since you can’t easily visit the properties, you have to rely on people you can trust, to be your boots on the ground.

I bought my first out of state rental off of Loopnet (ha!), sight unseen. It caused me some headaches in the beginning, I won’t lie, but I was able to sell it a couple years later for roughly $100k more than what I’d paid for it, all while cash-flowing the entire time I held it.

That being said, even though it was out of state, and even though I had a property management team in place, there was still work involved on my end, mostly related to strategic decisions for the renovations, turnovers, and evictions.

After I realized that out of state rentals were more work than I’d originally envisioned, I discovered passive investing through syndications (group investments), which is my main method of investing out of state these days. All the same benefits of out of state rentals (cash flow, equity, and tax benefits), without the time commitments and work needed to be a landlord. Good luck with your out of state investing ventures!

@John Lyszczyk Multifamily syndication is such a great way to invest in real estate and can provide a win-win for all parties involved, when done right.

I love that you’re looking to add value to experienced teams. In addition to underwriting and due diligence, another thing that GP teams often look for in a partnership is the ability to bring capital to the table. This is how I got my start in syndication and be a great way to break into the syndication world.

Of course, due to SEC regulations, raising capital can’t be the ONLY thing you do in the deal, but it can certainly help attract potential partners, if you are able to help raise some capital.

The good news is that raising capital is one thing that you can start on your own, even without partners or without a deal.

Start by talking with friends and family about what you’re learning in real estate (with 2 years of learning under your belt, you should have no shortage of knowledge and wisdom to share!).

Gauge their interest, and let them know that you’re looking to co-syndicate a deal in the near future. Share a sample deal with them, and walk them through how you vet a potential deal or partner. Build a short list of friends and family who might be interested and roughly how much they might invest.

Then, as you approach potential partners, you can bring something of value to the table that will help get the deal done, in addition to your knowledge and skills. Good luck!

@Shri Kanase Wow, I wish I’d had that much saved up in my early 20s - nice work!

In addition to understanding your goals on projected returns (cash flow and/or appreciation), another thing to consider is how involved you want to be with the investment.

If you have time and want to be hands-on, you should look into long-distance rental properties or local house hacking opportunities. House hacking can be a great way to get into real estate investing and dip your toes in the water as to whether you enjoy being a landlord.

On the other hand, if you want to be more passive and have someone else handle the heavy lifting while you collect the cash flow, you might consider investing in syndications (group investments). Through passive investing, you get all the same benefits of active investing (cash flow, equity, and tax advantages), and sometimes those can be comparable to even better than active investing, without having to do the work yourself.

Passive investing also allows you to easily diversify into different markets while leveraging others, without having to build your own team from scratch.

As for timing, real estate is hyperlocal, and it’s extremely difficult to time the market. I would start by figuring out what you’re looking for regarding cash flow and appreciation potential, as well as your risk tolerance, and if you find a deal that fits those criteria, go for it! Best of luck!

@Victor Chen We’d be happy to see how we can help on your journey to financial freedom.

Through our core business, we help people invest passively through real estate syndications (group investments), mostly outside of California.

We invest in value-add properties in growing markets around the country, mostly large multifamily properties. As a passive investor, you invest your money and collect the cash flow, without having to do any of the work of being a landlord.

I also have personal experience with house hacking and investing in rental properties out of state, and my husband is a local Bay Area realtor, so we’re happy to help, whatever your goals are. Feel free to DM me, and we can chat further.

@Mary Griffin How exciting! I live in Oakland and have been house hacking for years. I used to work in Sunnyvale too, for LinkedIn.

My husband is now a realtor in Oakland, specializing in helping people who want to house hack, and together, we’ve been able to help many people get into multifamily, both here in the Bay Area and elsewhere.

Let me know if you have any questions as you’re looking at properties - I’m happy to help!