All Forum Posts by: Dion Huey

 My business partner started off by being active in the forums.  People began to reach out to him.  I'm not familiar with BP's premium offer for agents.  Has anyone from BP reached out to you?  I received a DM from a person at BP asking me if I wanted more buyer leads.  

Quote from @Amy Greenwood:

Celebrating my first year as a real estate agent. I began investing 3 years ago, and we decided it would be best for me to get my license. Right away, I signed up as an investor-friendly agent with BP, and my first sale came through that lead! 

In my first year, I closed a total of 14 transactions. In a market where the average sold price was $234,000, my sales ranged from $40,000 to $390,000 for a total of 2.7 million in sales volume. I represented the buyer side on nine of those transactions, and the seller side on five.

I still get leads through Bigger Pockets, and work with those investors to help them find properties that will work for them. 

Celebrate the wins! 

 Congrats!  My business partner was telling me on a call yesterday that he got started on the RE agency side with leads from BP.  To-date, he is still working with those investors and closing deals.  Wishing you continued success!

 So much love for Columbus in this thread!  I've met a few other investors that left Oregon, or California for Ohio.  Smart move! 

 He seems to be looking to invest in Canada.  Columbus, OH is an incredible market though!  My team and I are actively looking there, and going into contract on a multifamily property today.  What submarkets do you cover in Cbus?

@Alan Asriants  Totally a game changer!  I was just reading through their UW Release Notes.  It seems as though this is going to be targeted to owner occupants, so an investor not planning to live in the property as a primary residence, wouldn't be able to take advantage of this loan product.  What is incredible, is now, aspiring homeowners can get into real estate the right way, by buying and living in an asset rather than a financial burden.

Hey BP community!

My team and I have been investing for the past year and half and I am sure like many people out there, you are finding a lot of deals aren't penciling out. 

To adapt, we're shifting our focus to smaller, underserved markets where affordable housing is in high demand. Does anyone have any successful strategies to share for these smaller markets?

My journey into real estate has been nothing short of a miracle for me. It all began prior to the financial crisis when I discovered the immense potential that lay within the industry.  I started with residential and then transitioned to commercial transactions. Fast forward to 2009, when I embarked on a transformative adventure that led me to the far East. I took a bold step, fully immersing myself in the creation of an educational services company. While the experience was invaluable, the daily grind of running a brick-and-mortar business left me yearning for greater financial freedom and flexibility.

Operating in a country known for its unpredictable policy changes, my partners and I found ourselves constantly struggling to keep pace with the shifting landscape. It became abundantly clear that I craved a venture that would transcend generations, one not bound by the constraints of daily physical presence. I longed for a business with timeless demand, and real estate emerged as the best choice.

Real estate fulfills our basic need for shelter and provides a haven for our cherished possessions. I am driven by the vision of building a legacy, a business that can be passed down through the ages. With real estate, I have found the perfect vehicle for this ambition.

Today, my team and I are proudly invested in 218 units across two states. Furthermore, I have rekindled my passion for the brokerage side of the business, serving as a real estate agent. This dual role allows me to not only assist fellow investors but also guide aspiring homeowners towards making sound, rewarding decisions.

Ben, there is a lot of information available on the net.

(1) https://www.legalzoom.com/articles/how-to-form-an-llc

I have done this a few times without the assistance of an attorney.  In which State are you planning to file?

First, thanks for the post.  Perhaps you can consider the following:

1. Pick up Joe Fairless's book, "Best Ever Apartment Syndication Book" so you can get a brief comprehensive overview of real estate syndication. *assuming you are new to the industry*

2. Know your risk tolerance.  Real estate can be separated into many different asset types, classes, and investment strategies, each having their own level of risk and return.  Select an asset type, class, and strategy that fits your risk tolerance profile and then search for syndicators that specialize in that area. 

3.  You can further narrow down your search to geographical areas you like and then look for syndicators there. 

Best of luck to you!

Dion Huey

Delta Bridge Capital, LLC | Multifamily Investor Situation Room Podcast Host

@James O.  I wouldn't add ethnic demographic data into a home marketing flyer if you plan to distribute to the public.