All Forum Posts by: Chris Soignier

@Pau Ewing - LU members account for a pretty substantial % of the Class C MF market in DFW (and Houston, Austin, SA, too).   There's absolutely no hard sell by them to push any particular properties, it's more about sourcing, mentoring, and networking.    I'm still bullish on the DFW market, but no way would I want to go it alone w/o the LU support and ability to better diversify by investing across multiple properties/leads in $50K chunks.

IMO, duplexes to quads are the worst of all worlds. They don't have the valuation approach, economies of scale, or financing options of larger multi-family properties, nor are they as easy to sell or value as SFH's. I'd stick w/ SFH's until you're ready to move to true 5+ unit multi-family properties.

Yep, the source doesn't matter so much as the #'s.    Don't take their #'s at face value, perform your own due diligence.    I've recently tried to buy some rental houses near my home, but it's been frustrating.    I'll continue to keep my eyes open for opps, but more than likely I'll just stick w/ multi-family.

I'm heading straight into apartments, probably as a passive investor. You don't have to finance, maintain, or operate it, just invest w/ a good lead who can handle that. Apartments benefit greatly from economies of scale (property management, maintenance crews, purchasing power, etc.), so I'm targeting fractional interests in 50+ door properties for my investments.

Also, it's noteworthy that quadplexes and below are valued based on comps, vs. 5+ unit multifamily based on cap rates. You you thus impact the value of a 5+ unit property via how you manage and improve it much more than a duplex, triplex, or quad.

@Tom Lafferty - are you in Lifestyles Unlimited? I'm a PIG member there, looking for the right passive investment opportunities.

Great post, @John Chapman . IMO, 2-4 unit MF's (and condos) are the best part of the market to avoid for investing - they have most of the downsides of both SF and MF, w/ few of the upsides. I'm actively looking to invest in apartments (and SF to a lesser extent), but have no interest in duplexes-quadplexes.

I enjoy going to local meetings - I've met some great folks (including possible future business/project partners) and expanded my knowledge at them. Yes, I'm new, and don't have a deal yet, but I paid $$$ to join Lifestyles Unlimited's Preferred Investor Group and am focusing on multifamily investment opportunities (while not ruling out flips in the meantime).

I attended, and thought it was a great event. IMO, Ron LeGrand was the worst part - I just get a sleazy vibe from him. Russ Whitney was better, though I realize he has a mixed rep and track record.

The breakout sessions were fantastic, as was Del's address. BTW, I'm a very satisfied PIG member - I've learned a tremendous amount via the mentoring, networking, and 1 road trip I've attended so far.

Thanks, @Raymond B.

Thanks, @DavidBeard, what did I do wrong, insert a space erroneously?