All Forum Posts by: Ellie Perlman

@Karen Quintero - I am hosting a local meetup in Santa Monica and our next topic is 5 steps to invest out of state. Message me if you want more details. Cheers!

I liked ABCs of Real Estate Investing and The Best Ever Real Estate Advice book (volume 2 is really goos).

@Candace Price - I say start where you want to end up. If multifamily is where you want to "graduate" to, then start investing in multifamily. Partner with someone experienced and learn from them.

Raising money form investors is one way. You can also partner with a group that has money and team up with them. it takes time and dedication, but this is the way to go. 

Usually many MFHs are cash flowing from day 1, then you can renovate units and raise rents (increase NOI) and/or cut expenses. Some sell after 3-7 years and some hold in perpetuity.

@Matt Ferch I started from the end, asking myself "where do you want to be in 15 years?" in terms of cash flow. Then reversed engineered it to what I need to do in 5 years and in the next year. For me, buying SFHs was too slow for what I needed, so I decided to go with MF. This is what was good for me, and each investor is different. It's also an asset class that I like and understand. Hope that helps!

At this stage in the cycle, I'd stick with high occupancy properties. I am conservative investor and like to take chances when the timing is right. 

Ellie Perlman is a passive and active real estate investor, and will share her insights about the top mistakes real estate investors make, why they make them and HOW TO AVOID them.

The main goal of this session is to make sure you have a good basis so you can make inform decisions regarding investing passively in real estate .

Sometimes one piece of advice is the one thing that saved you from making a costly mistake...

Whether you are a seasoned passive investor or considering to become a passive investor, this session will bring you a lot of value.

This meetup will allow participants to ask questions and get to know other passive investors.

THIS IS AN ACTIONABLE, NO BS SESSION. The main goal is to equip you with the right knowledge of passive investing and to make you a more educated and sophisticated investor. Any sale or solicitation is not allowed.

What to bring? pen and paper or an ipad to take notes.

Parking: street parking (free) or public parking (first 90-min are free)

Please make sure to RSVP here: http://bit.ly/2VDxJAh

THIS IS A SOLICITATION-FREE MEETUP. SERVICE PROVIDERS ARE NOT ALLOWED TO MAKE ANY SOLICITATIONS OR PITCH DEALS.

We use Yardi Matrix, but a free tool is here https://msc.fema.gov/portal/search

LENDERS RESERVES ($200-$300 per unit per year for unexpected CapEx expenses)