All Forum Posts by: Ken Breeze

Hi Everybody,

Great to meet ya'll here ;-)

I hope to talk real estate with you on and off-line and am looking forward to meeting you in person soon.

Since I travel a lot (currently in Europe exploring vacation rentals), I'm reaching out to a few groups in the areas we syndicate multifamily opportunities in. Always on the look out for private capital investors and great partners to JV or GP. Feel free to connect with me on LinkedIn as well to check out what I'm up to.

What are you working on these days, how can I help, and what or who are you looking for to accomplish your goals?

Cheers, Ken

Hi Everybody,

Great to meet ya'll here ;-)

I hope to talk real estate with you on and off-line and am looking forward to meeting you in person soon.

Since I travel a lot (currently in Europe exploring vacation rentals), I'm reaching out to a few groups in the areas we syndicate multifamily opportunities in. Always on the look out for private capital investors and great partners to JV or GP. Feel free to connect with me on LinkedIn as well to check out what I'm up to.

What are you working on these days, how can I help and add value, and what or who are you looking for to accomplish your goals?

Cheers, Ken

Hi Everybody,

Great to meet ya'll here ;-) 

I hope to talk real estate with you on and off-line and am looking forward to meeting you in person soon. 

Since I travel a lot (currently in Europe exploring vacation rentals), I'm reaching out to a few groups in the areas we syndicate multifamily opportunities in. Always on the look out for privatate capital investors and great partners to JV or GP. Feel free to connect with me on LinkedIn as well to check out what I'm up to.

What are you working on these days, how can I help, and what or who are you looking for to accomplish your goals?

Cheers, Ken

Since it seems like you're going to be very busy with the flippinfg part, you might want to think about outsourcing a few other things like getting qualified and motivated FSBO leads to call and setting up a team for the wholesale marketing part. 

As @Chrissy Parsons and @Jack Butala mentioned, marketing in the smartest and financially most efficient way possible will be your 80% activity in your chosen real estate strategy. I wouldn't say that spending precious life time to drive around to get lucky is a strategy I use anymore, since the competition uses faster, better and cheaper tools and will pick up that gem way before you see it. I personally have come to focus my attention on online solutions (SEO, website, online lead lists, etc.), since attracting, speed, costs, ease of use, leveragability, reach and time are big factors in this endeavor.

Also, as a beginner, calling motivated or distressed owners teaches you the most about everything in life and business - about people and their needs and fears. You will need all those insights and social-, negotiation skills to solve their problems, no matter where your RE career is going. Plus you'll find out about things and referrals you won't get with any other strategy. And if you can't pick up the phone, get someone on your team who can ;-)

There's a ton to learn from awesome peeps here in the forums that have already invested the time to find out where and how to do what you want to achieve. Check 'em all out and continue to fine-tune your recipe.

@Mary Jay what are you focused on? Small multifamily or CRE?

As with anything, there are pros and cons for any strategy. The market is very hot on the value-add multifamily properties in C+ to B- areas and condition. That's probablytrue for most other niches as well.

If you ask 100 people what to do, you'll probably get 100 different answers too. Everyone is bias towards what they believe works or has worked for them. 

It might be a great idea to focus more on what others are afraid of touching. Remember, fear is never a good advisor. So look up all the C and D class section 8 poscasts and blogs to get smart on the subject and make decisions on the way. Tons of people start with wholesaling, but that's not to say it will work for you. It didn't for me for many reasons. One of them being the neverending marketing ctivity and the fact that it just replaces a job and never becomes passive. Others may or will disagree. I just commented on three threads on that topic where often a heavy discussion ensues. So don't buy into the opinion battles just retrieve the knowledge and experience from others to form your decisions. And keep in mind your goals might change due to exoerience gathered - then be BOLD and change.

I personally have started focussing on mid- to large size multifamily syndicating (not only in greater Phoenix) since my activity and educational journey has lead me to realize a few advantages that I prefer over others: huge leverage, scalability, as you grow less hands on work - more passive due to on the ground teams, not local but nationwide investing, constant and growing cashflow, versus buy & sell. Said another way: Work once, get paid every month for as long as you keep your "golden goose".

That's not to say that it comes easy. The work needed to get your hands on a 20-plex or a 200-plex is practically the same but the rewards are 10X. 

My partners and I are always looking to JV with anyone on the ground. PM me if you like.

Cheers, Ken ;-)

Jose Flores Chrissy Arnold and Jerryll Noorden gave you great advice, if the type of work that wholesaling demands is your thing. Explore and dig deeper to find your way. But whatever you do, think BOLD. No, no, not what you just thought - BOLDER even. Every business boils down to the same hard work. But how can you use leverage better than other strategies, keeping in mind that the one commodity we cannot get more of is time. Life. Since everyone is and “should always be selling something” (Blair Singer) (and if it’s just their opinion), and everyone is biased on their current real estate strategy and assuming most community members are not here for charity, I’d like to nudge you to explore the mid- to large size multifamily investing world. I keep telling anyone who wants to know that Peter Harris’ free YouTube videos (no I don’t get any commissions mentioning him or others I recommend) is how I got started on this particular topic but also by far not the only mentor I learned from. And learning is the one thing that will always be with us. Keep an open mind and you will thrive. Everyone has knowledge to share, free or paid, and everyone has a different flavor or music bringing it to the people ;-) That’s what makes us exciting and human :-) Keep learning, keep asking, and go out there, think BOLD (Peter Diamandis), find your music and let it out!

Andrey Grebenetsky first off: great that you guys are wrapping your heads around real estate! I’d go for the four-plex if that’s the only choice given. But the more units, the better the game gets in all facets of the equation. If you can live in your property at first, for a while great, there’s lots to learn. But there’s a bigger future and fortunes to be made in not being your own property manager or landlord. Use the least amount possible of your own money to increase the leverage factor. Start thinking about private equity investors for scale. Finding properties that need some TLC makes for the highest equity gain through forced appreciation and increased rents. Your property’s value is ultimately based on your NOI. Don’t focus on appreciation, it’s icing on the cake. Focus on cashflow. After while you could also consider investing with a multifamily real estate syndicator, have no extra work and less worries, and make something like 9% CoC and 15% IRR as an example. $50k - $100k can get you started with most. Some only accept accredited investors some also accept non-accredited but sophisticated investors for their deals. Food for thought ;-)

Good stuff Jarid Johnson go get ‘em! On your educational journey, which will take good time, make sure you look into learning everything about mid- to large size multifamily investing. Peter Harris’ free YouTube videos are a great foundational start. Multifamily (and storage) is the only game that involves the same work but has the potential to scale much faster.

And yes, as Ken Nyczaj says, learning from those books he recommended is like a must before you make spending decisions. As an alternative game you could also consider investing with a multifamily real estate syndicator, no work needed, and make something like 9% CoC and 15% IRR as an example. $50k - $100k can get you started with most. Some only accept accredited investors some also accept non-accredited but sophisticated investors for their deals. There are great webinars, podcasts and blogs on this exciting and much more scalable subject.

James Ross the best place to start is using one of the free awesome Bigger Pockets calculators. Once you run those numbers, you can even share the whole evaluation with fellow investors here on BP who then can give you better advice.