All Forum Posts by: Brent Romeo

 Am I concerned? No not really. The market that I am investing in doesn't have these risks. Personally I like it that way. Most investors in my area are concerned with the political climate.

Do you have any specific questions regarding it? Personally I would suggest speaking with your eviction attorney 

You are definitely out of your league. I love where your mindset is at though. A Multifamily apartment complex over 5 units is a commercial property. The way you are approaching this if from a single family mindset. Biggerpockets has about 50+ hours of multi family mentor podcasts. I would start there if you are interested in learning more about large multi family. Also consider purchasing the biggerpockets multifamily millionaire books. The first one is for smaller multifamily and the second is about larger multi family. There are a number of other great books. Joe Fairless Apartment Syndication book is probably the goal standard

I had the same conversation with his screener about 6 months ago. I get it... if he helps you make $1M then you have $500k more than if you had nothing but that cut is crazy. I've talked to a handful of people from these "mentorship" programs and it seems like they are all very expensive ($50k+).

The best thing I ever did was to get out and meet people locally. I read every book and watched hundreds of hours of content online but nothing accelerated my learning as much as talking to people. If I could give you advice I would say go to meet ups. This is the same advice you will find in a lot of the Biggerpockets podcasts but if you can find someone who has experience, build the relationship and see if you can partner with them as a GP on their next deal. I bet you have a deal of your own under contract before you close on the one you partner on!

Best of luck!

A nice 100+ unit well maintained stabilized apartment complex in a primary or secondary market. Dream is same as everyone. Enough cashflow to retire. I don't want to worry about several buildings. 

Sunbelt is fairly popular right now in terms of growth. There are a lot of great markets right now though. Personally I am partial to  Seattle and Portland areas but 10-20 units under $2M can be difficult to find out here. 

congratulations on being able to close on your first Multifamily! Now the real fun begins!

As a PNW local I would be investing in secondary markets around Seattle. Seattle is expanding their Lightrail over this decade and properties within walking distance of the lightrail stations are quickly increasing in value. With $10M I don't think I would even bother looking at a value add or buy land value. I would just buy a stabilized renovated property and live off the cashflow.