All Forum Posts by: David Gerber

Thanks Tom Ott I’ve been amazed at the support of this community. Can’t wait until I can give back.

Thank you @Tom R.. Only some minor damage to the roof from the storm. No flood damage as I've been told. I'll verify via due diligence. Appreciate the suggestion.

Thanks @Nick B. Helpful suggestions. I haven’t checked the crime data but will do so tonight. As for the sponsors, it’s a mixed group in terms of experience. It gives me a bit more confidence that the largest investor (>50% of the equity) is very experienced in the space and has been active over many cycles. The operational team is also very seasoned by background but I’ll meet the key managers in person on my visit. Thanks again for the advice.

I'm an out-of-state "newbie" investor looking at a specific apartment investment opportunity (passive LP) in Houston. I'm interesting in speaking to someone who knows that market well. What can I offer? In addition to gratitude, I'd consider a consulting engagement to help me evaluate this deal and help me prepare for an April 5th day trip. I need to make sure I use the time as efficiently as possible. 

Hello BP Community! Having been a professional stock investor for more than 20 years, I've finally been bitten by the real estate bug. I only wish I had started this process a decade ago! Since my deepest knowledge is around stocks/public marketing investing, that's all that I've done in my personal investing. The good news is that I'm grateful to have done reasonably ok and beginning my diversification into RE with some capital to work with. 

For the last three months I've been devouring books/podcasts to learn as much as possible. I also appreciate that it's not "early" in the cycle so I want to be measured in my commitments. I still plan to take action (I have no ideas if we're at the top, just clearly not at the bottom). 

Since I live in an expensive area, and since I don't plan to leave my full-time job right now, I've been focused on turn-key and other passive strategies. After speaking with several turn-key providers, I'm not convinced the model is financially compelling. It only takes a few maintenance issues to kill your return assumptions. While designed as a cash flow strategy, it feels like any real upside would likely come from long term market appreciation. 

With turn-key specifically, I'm hesitant to enter higher cap rate markets, which by definition carry more risk. I get it. I'm ok with risk, but risk I like. Riskier markets would be more interesting to me when we're in recession, not as rates are rising and the economy is near full employment. 

I think my real estate strategy may evolve towards syndication. Several of my friends and colleagues (stock folks) have the same good problem I do (a bit of capital / terrible diversification / little passive income). To that end, I'm interested in learning, building a network, and offering assistance to others where I can.

From one newbie to the community, thank you BP!