All Forum Posts by: Colton Hahn

Quote from @Ying St.Cerny:

A bit of personal background. I am currently residing in southern NJ, just over the bridge of Philadelphia. I work a typical 9-5 corporate job. I am very new to real estate, just a couple of month. My rental apartment lease ends in June 2023 and debating if I should renew. I would like to get started by house hacking. However,in NJ and Philadelphia, on-market deals in the area that I have evaluated are mostly negatively cash flowing, and most deals that would be positive cash flowing would be off market, but would most likely need some renovations. In addition, these markets are not really preferred by areas to invest in by most investors. I thought about using an FHA loan, but that would wipe out all my cash saved, in addition to the potential risk listed above. I could park my money into a syndication and let it accumulate, while simultaneously investing in learning more about real estate on the side as an alternative to immediately jumping in. I am not in any financial distress or rush, but I would like to be smart and build a strong foundation in becoming a real estate investor. Any advice is greatly appreciated :)

 Its all about what your goals are, and what you value. At the end of the day, you can be an active investor and with some elbow grease gain real sweat equity. This can be really fulfilling and I have dabbled in this a bit.

Alternatively you can give experts your money and let them invest the money for you in deals that they underwrite. Let them do the due diligence/hard work while you reap the rewards. 

Happy to discuss further but I do not think there is a "correct" answer here. Good luck!

Quote from @Scott Holland:

I'm accredited and looking for a syndication deal, and wanting to get into passive investing. I'm learning a ton but there seems to be a gap in finding syndications. 

Where would someone that is starting out find syndication deals to review. I found one group how would I find other syndications to compare them to?

 First thing I would do is identify the type of asset you want to get into. There is an abundance of types of assets between storage, multifamily, retail, and many more you need to first find what you want to get into. 

From there, identify what part of the country you want to target. There are pros and cons to every region, despite what some may tell you. Its all about whats right for you and what you feel comfortable with.

Finally you need to find which operators do the best work in those assets, in that region. In syndications its all about picking jockeys rather than the horse. You are giving your money to an institution and trusting that they will make the right decision with your hard earned capital. Pick the company with the best track record, and go from there.

Best of luck! Happy to discuss further if you would like :)

Quote from @Valerie Treese:

I will be investing in a Multifamily Fund for passive income and more. The only company I have found so far that I like is 37th Parallel. I am currently invested with Wellings Capital which holds some MFH. I'm looking for a fund that invests in strong markets located in landlord friendly states. Any recommendations? TIA!

 Smart decision looking for operators who invest in business friendly states. We agree and love the Indianapolis, Des Moines, Ft Wayne etc markets. 

Happy to discuss how we and our investors have enjoyed these markets :)

Would recommend looking at joining a group like Left Field Investors, @Jim Pfeifer can tell you all about it. It is always good to surround yourself with a community and individuals with similar interests to bounce ideas off of.

Quote from @Robert Kelly:

Does anyone know how to find real estate to invest in thru a syndicate as a passive investor? I'm located in NY.

 Easiest way to connect with syndicators is to post about passive investments on BP and they will come to you :)

Quote from @Michael Figueroa:

500K should give me about 2.5 Million in real estate. Where should I be looking? I live in California, and 2.5 Million doesn't go very far here. Also any general advice from experience you can lend me so I don't make your mistakes. Wish me luck! 

 Much like others have said it highly depends on your goals. Heres my take

If you have to put it in actively managed (would argue against this in most cases) properties then would recommend areas where you get the most bang for your buck. Places like Des Moines, Indianapolis, Ft Wayne etc. These areas have highly cash flowing properties with upside that are not ridiculously priced. 

If you want to start getting out of active management of properties but still make great returns and get the tax benefits of real estate then look into syndication. This is typically a limited partnership investment where you own the real estate and the general partner owns and operates the property. Usually there are agreed upon terms and expected returns. Happy to provide value sometime. 

Good luck!

Hi Sanjay, happy to help with any questions you may have. Would first recommend Brian Burkes Hands off Investor. This will go over any and all details about you, the LP and what questions you should be asking. 

Also happy to provide value as well where possible 

Hey Courtney, welcome to the BP Family :) 

Lots to learn, and many to meet! Good luck in your career. Happy to connect and add value where possible

Quote from @Peter Morgan:

Hello,

I have a 500k mortgage on a triplex @2.5% interest and 250k of cash in sitting in a savings account yielding at 2.5%. The treasury bill yields are getting close to 5%. I am feeling tempted to invest my free cash into T-Bills to completely offset my mortgage interest without any risk.Is this a bad idea? Can I do better passively in a hands-off fashion with other investment vehicles such as syndications in this market?

 If you are accredited why not invest in syndication that offers high cash flow, as an example we have an option that offers 10% annually distributed monthly with tax benefits of owning real estate? Never missed a distribution. Seems like a no brainer to me..

Quote from @James Nix:

Quote from @Colton Hahn:

Quote from @James Nix:

Hi everyone, 

I was wondering if anybody could share some of there experience on how they have found large Multifamily Apartment deals (32 units and higher) off Market? 

Also how would someone get in contact with a owner of a large Multifamily Apartment when they have a structure in place LLC or Corp to hide there name and a property manager that manages the building?

Thanks in advance for any help

 BAM gets off market deals because of our reputation. Generally to get off market deals of that size you have to be an established, well known buyer in a market. Big off market deals go to the biggest players who are known for closing on big properties

 Thanks Colton, the company has a great website I just checked it out. So do you normally work on the finding accredited investor side of things or finding the deals that the company invest in? 

Don't want to sound too intrusive but would love if you could share some tips or info that you have from either side because  

My job is Investor Relations which basically means I do on-board new investors, answer current investor's questions, help with marketing, and help wherever else I can inbetween those tasks :) Happy to talk over DM's as to not clog this thread!