All Forum Posts by: Bryce DeHaan

@Luke Rorech

Thanks for the reply! Is that including the outer suburbs of Tampa as well or just in the city?

@Dillon Cook

We won’t be living off of any of the rental income for quite some time and plan on just adding value, cutting expenses, and selling at the right time or refinancing once the value add is finished to scale into bigger deals as efficiency as possible.

I’m not extremely worried about the immediate return as I know there is potential in creative value adding. The main thing for me would be to build the right team and kind of interview all the way around so that I have a team I can trust.

We would like to get into something big enough that we can hire a good quality property manager. We are looking for true passive income and not having to be an employee for our own assets. I own a cleaning company in Arizona and I know that it’s slim pickings for a good property manager. Obviously I need a realtor and a lender as well but all of that may need to come after we’ve pin pointed our location.

What experience do you have in Multifamily? We can message privately if you’d like!

@Dillon Cook

What kinds of returns are you seeing with multi family? And I’m probably talking $1M and up or somewhere around there

@Dillon Cook

I guess it all depends on how creative I can get, right?

@Luke Rorech

This will be strictly an investment. I would be looking for at least a 12-15% COC but I'm not entirely closed off from anything. I will be looking for probably 8-16 units. I would like to find some investors in the area who are looking to partner in a large deal as well.

An ideal team is going to be necessary and I have no shortage of energy so it’s pretty much about finding a good fit and getting things moving.

@Jackson Babcock

We will be looking to buy this before we fully move out there so I will look for some meetups in the meantime. Thank you!

Hey BP,

I am moving my family over to the Tampa area in the next 18-24 months. I will be looking to invest $200-300K into a multi-family deal at that time and I am open to a variety of deals to include 5 units and up. I will be looking for a value add deal but of decent quality. I would like to keep this in Tampa or it's surrounding areas but I do not have a tremendous amount of experience with the area so I want to avoid the bad areas. Where would you be investing right now and what should I be watching out for?

David, my apologies for not getting back to you. Thank you for your insight, it helps a lot. The issue is the money in the first place so that's why I was looking into the 100% financing. Now that i've done my research, I am leaning more away from this strategy because if the market does correct, i'm going to be upside down before I know it on most of these properties. So from what i'm getting, there is too much risk vs reward in a low money down deal, am I right? I have the ability to save but I guess I get in over my head wanting to buy real estate so badly haha. 

Also, what is included with the zoom calls? Is it just for information or am I getting thrown in to a sales funnel? 

Thanks again, 

Bryce

Trying to find a deal and have private equity fund the down payment and have a traditional loan for remaining amount. What would be the best way to set this up for a private lender so that they feel like it’s worth their time and money?

@Taylor L.

I’m going into this with no money so I am open to negotiations. I would offer 25% equity split at sell of property, and I could even give her the option of receiving 25% cash flow even after she’s payed off until the property sells. I would like to mention that I only have a small list of “potential” private lenders. I have deals but am actively looking for a private lender. Like I said I am open to giving a lender skin in the deal