All Forum Posts by: Dimitrius Kiritsis

Hey @Account Closed! Investing in multifamily dev. deals are generally riskier than acquisitions due to construction and lease up risks. Additionally, it's possible that your money will be locked up longer than it would in an acquisition investment. That being said, dev. deal investors can be compensated higher returns than acquisition investors in light of the additional risk. 

It all boils down to the track record and reputation of the sponsor/developer. When vetting a potential dev. deal investment, pay close attention to the developers experience in the market and the number of deals they've successfully exited. 

Best of luck!

Hey @Demetri Wilright, love the name! I'd recommend considering things like: 

- location (proximity to schools, retail, hospitals etc.)

- Zoning (ensure that the land you want to build on is zoned for your desired build) 

- Road access

- Survey and title issues 

- Market trends 

Additionally, I would definitely recommend partnering/consulting someone with experience to ensure that everything goes as smoothly as possible. 

Best of luck!

@Grazie Pennacchio

I always recommend house hacking to first time investors. It's the cheapest way to get into real estate investing and is a good opportunity for education. You'll gain valuable insights into tenant relations, property maintenance, and financial management. 

It's a great way to test the waters and see if RE investing is something you want to do more of in the future. 

Good Luck!

@Zach Knoll

You hit the nail on the head. Communication/transparency with both current and potential investors is paramount to gaining the trust of LP's. Regular check ins via calls, texts, or emails are all great ways to instill a feeling of trust and transparency in our investors. 

Additionally, face to face meetings trump all other forms of communication. Whether it be at a networking event or having a local investor come by our headquarters for a tour, we strive to meet our LP's face to face any chance we can get. 

@Diego A.

Whether or not you should pursue a partnership or syndication depends on the preferences of those involved. Preferences for control and involvement, risk tolerance and investment objectives should all be considered in your decision. 

How active do your friends want to be? How much risk are they willing to bear? What are you guys wanting to get out of the investment? 

If you feel that this attorney you speak of is acting cynically, it would definitely be worth your time to seek consultation from other professionals. 

Best of luck!

@Cody Flicek

Hey Cody! I do not currently own any multifamily, but it is my goal to do so one day. Right now I am working for a reputable multifamily owner/operator to soak up as much knowledge in the space as I can. Additionally, I'm planning to commence my real estate investment journey by house hacking and eventually scale up to large multifamily assets. 

@Mark Forest 

There are a number of possibilities as to why your syndication is calling for additional capital. It's likely that they encountered unforeseen expenses that require additional capital beyond what was initially raised. 

It's of vital importance that you speak with your GP to determine the root cause of the capital call so that you can make an informed decision on whether or not you should provide it. 

Best of luck. 

@Jamiek Todd Congrats on your success thus far! As I'm sure you are aware, real estate is a hyper local game in which markets vary by the street. If you are open to moving close by your future investment property, I would start by deciding on states\regions that you are comfortable moving to. 

This will narrow down potential locations for your investment. Some criteria to consider when evaluating a market are:

- school districts

-crime rate

- job/population growth 

 If the crime is low, schools are reputable, and job/population growth are steady/high, chances are you are looking in the right markets. 

Best of luck!

Hey @Kiran Nathani, welcome to BP! Whether you're looking to be an owner/operator or invest as a limited partner, it is essential to educate yourself. There are an array of books, videos, and groups to learn from out there so be sure to use all of them to your advantage.  

If you are looking to invest as an owner/operator, It might be a good idea to start out by house hacking. This way you can learn what it takes to be a landlord, produce extra income that can be put towards your mortgage, and build equity.  Additionally, house hacking is usually the cheapest way to get into real estate investing due to accessibility to conventional mortgages with lower down payments and interest charges. 

If you are looking to invest as an LP, sponsor due diligence is the name of the game. I always recommend looking at the number of deals the sponsor has successfully exited, their average returns, and the collective years experience between all of those with an executive position. Once you have vetted out some reputable sponsors, you can then look at the deal itself. 

How's the past year been for you in terms of your goal to be a full time RE investor?

Hey @Alex Borczyk, welcome to BP! Reading and becoming educated in the industry is a great first step. There are a plethora of resources out there to take advantage of free of charge, so be sure to use all of them to your advantage. Also, getting your RE license / getting a job in the industry before investing can give you the necessary education/experience to become a successful RE investor as well.

Best of luck!