All Forum Posts by: Chris Lynn

Mario,

Like Greg said, analyze every deal so that it cashflows assuming you are paying a property manager. Having said that I would always recommend using a property manager. It not only allows you to scale more easily but it also could be the difference in you continuing to pursue real estate investing and giving up on it due to the difficulties that can and will come when a property is not managed professionally. Good luck with your endeavors!

Mitchell,

Congrats on raising 750k. Like others have mentioned it is wise to make sure you get commitments for roughly twice what you actually need as some of your investors will back out when it is time to pull the trigger. The key is to continue networking like crazy with brokers and other investors. This will not only bring up possible deals for you to take down, but also give you the opportunity to raise capital for another syndicator's deal which could be a great opportunity for you since you don't have a deal currently and could get a percentage of the GP stake for bringing capital to the deal.

Chess,

I recommend you get started by learning as much as you possibly can through podcasts, books, and sites like this. It is unlikely that someone with experience is going to be willing to take you under their wing if you don't bring some form of value to the table for them. So I also recommend you seek ways to serve and add value for experienced investors. Good luck, and thank you for serving our country!

Michael,

Have you looked into utilizing RUBS for a property not separately metered? RUBS stands for ratio utility billing system. It is a method of calculating a resident's utility bill based on occupancy, apartment square footage, number of beds, or some combination of factors. This allows you to bill back for utilities without being sub metered. However, you want to make sure this is common place in the area you're investing. Also, starting out with house hacking a duplex I wouldn't place too much importance on having the meters completely separate. Hope this helps. Good luck!

Chris

Awesome post! Great content. I enjoy your guys' podcast and everything you guys do. Keep hustling and thanks for always sharing. 

I am looking to purchase a multi-family property. I am flexible on the specifics. I will go a small as 4 units or as big as 100 units. I would take on a partner if the project is bigger than my current level of expertise. I am looking for properties in Tampa, Atlanta, Lakeland, St. Petersburg or any surrounding areas for those cities. I chose those because of proximity to where I currently live (Tampa) and where I am from (Atlanta). If anyone has any deals they would like to sell please reach out to me. Or if any brokers know of any good deals on or off market please send them my way. 

Awesome info. Thanks for sharing! My wife and I are trying to get into a house hack. I love that you decided to do direct mail marketing to find deals when there seemingly were none. 

My wife and I are looking for a Multi-family/value add opprotunity that we can house hack and live in flip. We are hoping to find a 2-4 unit property where one of the units is a 3/2 with at least 1300-1400 square feet for us to live in. Does anyone know of any agents in the Tampa area that specialize in multifamily properties? Also one that preferably has experience with investing themselves. I want honest reviews so, if you are an agent yourself please leave a link to reviews from people you've helped. Thank you so much for any feedback!

Could you send me more info. 

I will acquire 10 doors in 2019!