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All Forum Posts by: Brandon Lashley

Brandon Lashley has started 5 posts and replied 14 times.

Post: Multi Family Investor Pain Points

Brandon LashleyPosted
  • Tampa, FL
  • Posts 14
  • Votes 6
Quote from @Scott Mac:
Quote from @Brandon Lashley:

TLDR

What skills do multi family investors find valuable (either niche or hard to find) when entering, managing, or exiting an investment?

The long version

I know many of you investors have and will invest in and manage deals throughout the year—and make a lot of money doing so. While I know you and your team have most of the deals and management covered and running smoothly. However, I'd imagine there are a lot of pain points and frustrations that come along at many points in the process that make you pull your hair out. I feel for you, and as someone new (but obsessed) with multi-family investing, I want to use my skills and talents to help investors make their investment process smoother and pain free in exchange for an "apprenticeship" so that I can one day invest in multi family homes. So, to ensure I use my skills properly for investors, I want to know what skills do multi family investors need to increase their investment success and ROI? Even if it's niche or hard to find.

 Hi Brandon,

That is a very wide open of a statement about your goal.

Maybe narrow it down a bit as to what you want to learn, and why.

For instance:

   [1] You want to learn to buy 2 to 4 plexes in Florida for your own portfolio to self manage (or have a manger manage).

   [2] You want to learn to buy 5 to 20 plexes for your own portfolio or to add value to and 1031 into larger properties to self manage (or have a manger manage).

   [3] You want to learn syndication and asset management of 100+ unit deals from the GP side.

   [4] You want to learn syndication from the LP side so you can buy into deals for around $100k per share once you understand the process better.

If you have some cash to kick into a deal as a partner (skin in the game) you may have more people to choose from.

Good Luck!


 This feedback is constructive. I'll keep that in mind. I agree that it's a wide goal and after all this feedback, I'm getting more focused. 

To answer your question directly though:

My Why: I've always been passionate about investing and specifically multi-family RE investing and I love the strategy and planning required to be successful. Taking the big (economic) picture as well as data, and breaking them out to find a strategy that helps everyone around me win is what drives me.

What I want to learn: My end goal is to have the assets to move into syndication [3] and LP [4]. However, I'm trying to get started learning about the industry and find a way to make other investors a positive return and in return gain some knowledge and skills to get more and more involved to move me closer to that goal.

Post: Multi Family Investor Pain Points

Brandon LashleyPosted
  • Tampa, FL
  • Posts 14
  • Votes 6
Quote from @Lee Ripma:

A pain point that might be related to your skill set is a rehab project manager. Even if you use a GC oversight is still needed. Someone who can order materials and find labor/subs to complete value add in a cost effective manner is always a need and saves money over using a GC. Just something to consider! 


 Thank you! this is super helpful.

Post: Multi Family Investor Pain Points

Brandon LashleyPosted
  • Tampa, FL
  • Posts 14
  • Votes 6
Quote from @Rick Martin:

The two major components in MF is either finding / running the deal, or finding the money. For the former, are you good at financial modeling, analysis, broker relations, or operations? For the latter, are you a skilled marketer, content marketer/developer, CRM wizard? Lots of areas for you to add value.


 Thank you for your feedback. This is helpful. To answer your question, I have experience with financial analysis/modeling that I’ve done for previous projects I’ve managed to gain executive stakeholder support. As a project manager with a previous career in Public Relations, and Marketing, and Account Management I am skilled at stakeholder (broker) relations as well as content marketing/development.

To further expand on my abilities, I am also well versed in managing complex projects from start to finish, risk analysis/management, as well as data analysis and visualization. So, I have skills that I know are useful, I just don’t know if they’re usefulness to MF teams that may already have the areas covered.

I can (in another post when I advertise myself for the apprenticeship) advertise myself with the above skills, but I wanted to understand what investors valued so I can speak directly to those needs. 

Based on your response, I’m thinking I should just advertise my skills and see the response. 

Post: Multi Family Investor Pain Points

Brandon LashleyPosted
  • Tampa, FL
  • Posts 14
  • Votes 6
Quote from @Taylor L.:

Many teams need help with underwriting, particularly newer teams who are just starting out. The unfortunate reality is that most multifamily investors need to look at an awful lot of deals before finding one that works. That means having someone on the team who can handle that responsibility.

IMO the best way to approach this is to figure out what your top skill is. Or find a particular skill within the business that you can focus on. Then find a team that needs that skill.


 I appreciate the feedback. To answer your question directly, my top skills are project management and risk analysis, process improvement, and data analysis/visualization of marketing and business efforts. 

And if I understand you correctly, the need depends on the stage of business an investor is in. So, whereas a newer team will need help with underwriting, a more mature team may need different skills depending on their own lack. Is that right?

Post: Multi Family Investor Pain Points

Brandon LashleyPosted
  • Tampa, FL
  • Posts 14
  • Votes 6

TLDR

What skills do multi family investors find valuable (either niche or hard to find) when entering, managing, or exiting an investment?

The long version

I know many of you investors have and will invest in and manage deals throughout the year—and make a lot of money doing so. While I know you and your team have most of the deals and management covered and running smoothly. However, I'd imagine there are a lot of pain points and frustrations that come along at many points in the process that make you pull your hair out. I feel for you, and as someone new (but obsessed) with multi-family investing, I want to use my skills and talents to help investors make their investment process smoother and pain free in exchange for an "apprenticeship" so that I can one day invest in multi family homes. So, to ensure I use my skills properly for investors, I want to know what skills do multi family investors need to increase their investment success and ROI? Even if it's niche or hard to find.

Post: Rookie Real Estate Adventures

Brandon LashleyPosted
  • Tampa, FL
  • Posts 14
  • Votes 6
Quote from @Kimberly Mockel:

Is it okay to attend if I have no real estate experience at all and am just looking to learn and get started?


 I mean, I'm new too and I'm just going to go. The worst they can do is kick us out right HAHA!

Hello all! I am a new investor in the Tampa, FL, area, and I'd like to get feedback on the goals I'm setting that will help me get started. I want to make sure my goals are realistic and achievable but challenge me.  

I followed the BP methodology from their goal-setting blog. For context, I am in this for the long haul and am more focused on gaining experience than making a profit for my first few houses, so while making good passive income will be nice, my 2022 goal is more focused on experience.

Below is my Why, How (Lag Indicators), and What (Lead Indicators):


Why

I want to make $250 net income per month by the end of 2022 because I want to build my savings to feel secure

How

To do this, I want to purchase one 100K-200K turnkey or BRRRR investment in a 30-mile radius of Tampa that yields $250/month in cash flow after all expenses.

What

I plan to set up searches and network with local investors and the BP community to do this. I will also analyze homes within my peace range of 59-75% ARV and desired cash flow range.

Post: Tampa Bay Free RE Meetup

Brandon LashleyPosted
  • Tampa, FL
  • Posts 14
  • Votes 6

I'm still new to the area, and this is exactly what I've been looking for! Looking forward to this event!

Post: Tampa, FL Mentor Needed

Brandon LashleyPosted
  • Tampa, FL
  • Posts 14
  • Votes 6

Hey all! 

I don't know where to ask this question or find this need, so I figure here is as good as any place to start. 

I am searching for a mentor to help guide me through beginning my real estate journey. I've been reading and listening to BP for now and am finally ready to step into my passion. So, if any experienced Investors out there want to help a fledgling RE investor out, I'm your man.