All Forum Posts by: Colton Fairchild

I second what @Jonathan Greene said 👍

Depends if you are wanting to be an active or passive multifamily investor. I would assume that you stay pretty busy with the insurance business and land investing. Finding a multifamily syndication to invest in as a limited partner may be ideal for you. It would be passive and you would have the benefit of learning more about multifamily that way.

Also, I live near Little Elm. Feel free to PM me if you'd like to connect further.

Frisco is expensive. You need to find off market deals in this area if your goal is rental properties. Also, you need to consider the high property taxes here. 

Sounds like leasehold properties, they are common in Hawaii. You can find this info on any of the listings you are looking at. I would not recommend them though.

Here's a breakdown of fee simple vs. leasehold in Hawaii: Leasehold vs. fee simple

@Kim Lochridge I would refinance to a better rate and keep it, if you don’t need the money now. Sounds like you have a solid vacation rental with consistent bookings.

I would imagine it is pretty hands off for you since it is out of state. Is the $50k net income?

Are they fee simple or leasehold condos?

@Carra Stokes That’s great! 4 properties in your first year is fantastic. You should put together a pitch deck of exactly what you’ve done. This will show your credibility and provide you with something to show people.

Raising capital is not easy unless you have a proven track record or large existing network.

Consider this: What VALUE are you providing and why should someone invest with you?

Marina, you need to tag @Travis Lemley so that he gets notified. He won't know you responded if you don't tag him.

You will hear "NO" a lot offering 70% of ARV, but you just keep making offers and eventually you will get a "YES".

Of course this all depends how you are finding the deals you are making offers on. Are you finding off market deals with a specific criteria or are you only looking on the MLS?