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All Forum Posts by: Brian Floyd

Brian Floyd has started 1 posts and replied 3 times.

Quote from @Greg Scott:

Where are you looking?  Many people on this site only are interested in a specific geography.

What type of product are you looking for?  Some people are not comfortable with older product.  Some don't buy mid-rise.  My preference is garden style.

What sort of business plan are you looking at?  Some like heavy value-add deals.  Some only want beautiful properties that provide good yield.

What kind of investors are you seeking?  If you are seeking to partner with people, then your best strategy is to start networking.  On the other hand, if you are looking for people that just give you money and you run the deal (limited partners, aka passive investors) that is an entirely different ball game. You will need to understand SEC law and how to create a proper PPM.

Hopefully that helps explain why I said the question was very broad.


 Thank you Greg for your response. I apologize if I misinterpreted you but it just came off as unprofessional. My geographic is Louisville ky but the market here is chaotic. People purchasing single family homes for almost retail price for outdated home that will not yield any profits unless the work is DIY.

I like the garden style as well. I’m okay with older products to rehab if it’s in an area that is attractive or on the rise. I don’t mind properties I can add value to. I think it’s rewarding to do restoration on an older property. 

I’m currently networking and trying to build a team. I’m learning where I can play a part either as a passive investor or have a hands on approach to an investment. I’d prefer to work together as a team of investors but I appreciate you bringing my focus in on a potential issue. I have never invested as a group of investors  all my deals were myself and simple  

I appreciate the response

Quote from @Greg Scott:

I am interested in doing brain surgery.  Can you give me some tips? I"m not trying to be snarky, but your question is that broad.

Find a program, find some books, and go get educated. 

Hi greg, just to be upfront, I don't know your background or your network , but I find it laughable and nonsense that you are a #2 contributor for "market trends and data" and can't provide any advice other than find a program, find some books, and go get educated. How about " I know the multi family market data well and its a great time to buy rentals because interest rates are above 7% for 30 year mortgage and people don't have 20% down payment to avoid PMI for lower monthly payments. I also would read the book "how I flipped a distressed multi family property profitably" by so so. Moreover, you could simply say "I have experience buying multi family properties and would love to connect with you via email, phone or any option available to you. I'd love to learn where you are in your journey and how I can help or possibly partner with you."

I’ll make myself clear, I want to buy multi family properties and am searching for reliable investors that are likeminded. I don’t understand how that is vague. I’d even take advice on people who have experience and can provide information based on their mistake buying multi family apartments.

 If I didn’t already have background in construction/real estate investing I would find your comments to be discouraging or just condescending. If you don’t have anything valuable to say then don’t say anything at all. Please learn respect sir for future reference. 
  


Hello all, my name is Brian floyd and Im a fresh back into the real estate market since 2021. I’m 31 years old and have general construction background and my current career is a journeyman electrician. I have done a few successful house flips from complete renovation. I have some knowledge and capital but I definitely need some guidance and possibly  partnering with investors as I enter into a new market I’m not familiar with. I’m looking for guidance into investing into an apartment complex. I would like to find a distressed apartment complex to invest and rehab. Advice for the process and how I could find investors to partner with please


thanks