All Forum Posts by: Andrew Hogan

 @Manuel D rodriguez mendez after working in market research for Cushman & Wakefield and for a development company, I added everyone on linkedin asking how I could add value to their organization. Leveraged my sales skills and was offered a great opportunity. 

Try listening to podcasts and adding your favorite guests/hosts on Li

Bringing this old forum back to life! I'm sure it was a great time 3 yrs ago and you would be in a good spot if you pulled the trigger then -- we're still bullish on NWA today! Any updated stories to share (good or bad)?

@Anthony Van Guyse

@Mark Caiazza

@Beni Restea

@Beni Restea

There is a lot of potential in either location! Don't worry as much about cap rates as you do forced appreciation. :)

The Stabilized yield on cost is perhaps one of - if not the most important metric when underwriting real estate.

Go watch and learn from Undercover Billionaire Season 2. Link to amazon prime.

3 people had to do this same experiment with $100, no contacts, and had to get to 1M in 90 days.

I won't ruin the ending but it's worth learning from! 

One of them was dopped off in Seattle actually.

@Manuel D rodriguez mendez get into large multifamily syndications sooner. Bigger is better in this industry:)

Also will be top 3 for negative rent growth for quite some time...

Ditto to Jim's comments ☝️

Having a property manager on your SFRs doesn't necessarily mean it's "passive" all the sudden. 

You can spend your time underwriting syndicators/operators in the space or switching management companies every few years.

Happy hunting!

Welcome to the land of Hoosiers @Thierno Diallo. There are many many duplexes inside the 465 loop. You may find occasional tris and 4-plexes but they are harder to find. 

Just do your DD really well because the capex can get serious on a house built in 1920!

As a general rule of thumb, you'll likely have less deferred maintenance, less overall risk, safer neighborhoods, better schools, and higher quality residents if you buy a bit nicer and newer properties.  

Best!

 Good question, I was speaking solely to having a ballpark amount of equity to get a loan. With the Networth requirement in that you mentioned, you'd likely need to find a partner who could sign off and put their Net Worth on the line as a KP. 

Hey @Peter Hamilton, congrats on your success thus far. 

As with anyone posting publicly that they have a good amount of cash to invest, I wish you luck sorting through multitudes of DMs for the next year :

I'd recommend you speak with a real estate / private equity friendly financial advisor first. They can help you to see things that you may not have considered previously and recommend how much equity to keep in the primary residence. 

I've seen investors who prefer taking out a new 30-yr mortgage vs a HELOC or Cash-out refi. Why? It mitigates their risk and prevents the bank from changing their loan from something comfortable like a 5 yr I/O to "principal due now or we take your property" like we saw in 2008/09.

Regarding "jumping into multifamily in order to get better returns", what many investors have found is that they can get greater returns with less risk the larger multifamily deal(s) they can buy and spread their chips across. As I'm sure you're already aware, there will be much fewer head aches with nicer, newer properties vs run-down deals with more deferred maintenance. 

With the above in mind, 2000's or newer, 150+ units in desirable locations are the way to go. If your 1M can't get you there yet, raise the money or partner with somebody who can. 

Another point to think about is that if you can 2-3x your 1M in the next 5 yrs, that could enable you to buy a 10MM property by yourself. It just depends on how hands-on and active with the day to day you'd like to ultimately be. 

good luck!