All Forum Posts by: Chris Webb

I do think I saw one a few years ago. I was out of state and my property manager had a paystub but couldn't find the website. The tenants first check bounced. When I found the LLC on the pay stub, I saw it was the applicant and the website listed was 'for sale' on Godaddy. Luckily, my agent still had keys and we were able to get his boxes out of the house. We then changed the locks and found a new tenant.

2 Votes

Quote from @Melanie P.:

Quote from @Joel Owens:

Wow what was shown in the video at 40:44 remaining was astonishing.

Projecting to sell at an exit 4.0 cap to hit a projected 1.6 equity multiple for multifamily and 5.0 cap at highest?

Projecting to sell when? 2035? Doubt any of these guys will exit under 6 for a long time to come. It's already looking doubtful there will be any interest rate relief this year.

Yes, I didn't anticipate any rate cuts until at least August, but the inflation indicators are not softening and the Fed knows it. They probably won't cut until we are in recession.

0 Votes

Dallas, Texas

I saw on LinkedIn the other day that like 70% of syndications have less than 3 years of experience. WOW!

1 Vote

Hi @Mike Terry, I agree with @Nicholas L. on the BP podcasts and Zuber and Coach Carson as an alternative. IRR and cap rate are great, but if you investing in Long Term SFH, they are irrelevant for initial acquisition. They can be used to validate, but cash on cash return is the only factor to look at for most investors (don't at me, reread the word "most").

0 Votes

Cape Coral, Florida

Quote from @Nick Barlow:

@Daniel K Houck I have 2 kids and a wife and they don’t want to house hack either so I can relate to your post.

The BP Money series interviews a bunch of people where Financial Independence is achieved through frugality, REI, and investing.

The story is the same there-start young, make sacrifices before kids, rent out your bedroom in your apartment and sleep on a sofa and grow your own food and use K-cups twice and count each piece of toilet paper etc…and by your mid 30s you are free!

I have accepted I won’t achieve FI until the kids are out of the house-there are just too many expenses and even though RE is amazing, and the best investment in my opinion, my expectations have to be grounded in the reality I have.

I recommend Michael Zuber-one rental at a time. Create a goal for 4 rental properties. Figure out how to do that in your situation.

Worry about scaling bigger than that after you get to the first step.

Also, never, EVER, read the posts about no money down and 100s of units with millions of net worth. Those folks are in an entirely different stage of life than you and I, have the time to hustle for those one in a million chances, and don’t have kids to play catch with or dance recitals to attend or a family that tells them they love them. You’re comparing apples and oranges. Good luck! I feel your pain.

I am curious if you continued your journey or if you looked at another investment avenue. I agree with following Zuber, in 2023 I went from 1-10 units (3 buildings) and it can be done. Do you go to local REI events?

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Hi @Nicholas R Paust, How did the learning go? I do use a spreadsheet and Rentometer to analyze a market quickly. I think Mike has a spreadsheet video that I modeled mine after.

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Hi @Robert Hasty, I wanted to check in and see how things panned out over the last year. Have you been able to run the numbers and find a deal? Did you expand your strategy? I am up in Lynchburg VA and hope to visit Ashville soon.

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Asheville, North Carolina

Elevate syndication deal... this after they asked LPs for $100k in December.

1 Vote

Dallas, Texas

@Greg Scott, I have never been to a lifestyles unlimited event, but I do like the set up. Get together with others who have done it.

I am not a syndication fan... why? Because of this. This is an Elevate project.

0 Votes

Dallas, Texas

And... another one. About 2 months ago, Elevate called limited partners explaining that the LPs needed to pay an extra $100k (see story below) and now this... ouch. I enjoy BP, but there might be an opportunity for a mom and pop real estate investing website which allows for small, full ownership owners to discuss different topics.

https://therealdeal.com/magazine/national-december-2023/synd...

0 Votes

All Forum Posts by: Chris Webb

Chris Webb has started 24 posts and replied 382 times.

Post: Are you aware of these scams?

Post: Ashcroft capital - Paused Distributions

Post: How long has your syndication been around?

Post: Did I hear David Greene correctly this morning? Cash out 1.5MM retirement fund?

Post: Does the BP podcast have anything for the truly average American?

Post: Rental calculator VS learning your market with a spreadsheet

Post: Looking to connect in North Carolina

Post: Ashcroft capital - Paused Distributions

Post: Interested in MF syndicate investing

Post: How to Scale without rehabbing (BRRRR)... starting with 400k