All Forum Posts by: Ellie Perlman

Details

Many people want to buy real estate outside California, but unsure where to buy properties.

In this meetup, I will talk about the most solid real estate markets outside of California.

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 .

During this meetup you will learn:
- How to invest out-of-state
- The best markets out there
- What makes those markets solid markets
- Why is it so important to invest there at this stage of the real estate cycle

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? laptop or pen and paper to take notes.

Parking: street parking or nearby public parking garages

Please make sure to RSVP on Meetup.

--Coffee and snacks will be served---

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

The Best Out-Of-State Real Estate Markets Today

Hi Kanica,

I started as a commercial real estate lawyer in Israel, then switched to property management. After 4 years in that role, I moved from Israel to Boston (got my MBA degree at MIT) and started investing in real estate. I skipped single family/duplexes/quads, etc and went straight to multifamily apartments. 

I didn't study to become an agent, which is not really necessary in this business. I do, however, use my legal and business education to scale my investment company. I think that investing in real estate or learning from someone who has been doing it for a while is the best way to go, and college/grad school are not extremely important here (and I've collected 3 degrees so can say that in confidence). However, it is crucial to educate yourself about REI. You can do it by finding a mentor or partnering up with an experienced investor.

Good luck!

I like the Best Ever Conference. Think Multifamily also have underwriting workshops. 

@Edmund Campbell - before you start looking for deals, I'd highly recommend you to EDUCATE YOURSELF about multifamily investing. It's a very different game than single family. 

You can do that by:

1. read books

2. read blogs on BP (I have a blog here as well, though more focused on passive investors in syndications)

3. go to conferences or attend workshops that teach how to invest in multifamily (stay away from the glorified sale events)

The reason why brokers don't return you call is probably because they "sense" that you are making you first steps and don't know if you are a "closer" so they try to spend time on buyers with high likelihood of closing. Yes, it's not fair but it's part of the game. When you learn about investing in multifamily, you learn how to speak their language and what to prepare when you talk with them (specific investment criteria, such as vintage, class, value-add, etc).

Good luck!

Ellie

@Carrie Mims - a deal that is too good to be true can be one of two:

1. Bad location - high risk high reward deal. 

2. Aggressive underwriting - either the investor is inexperienced or s/he are aggressive in their approach. For example: low exit cap (compared to in place cap rate), unrealistic organic growth (market rent growth), etc.

Santa Monica Passive Investing Club February Meetup

Many people want to buy real estate but don't have the time or resources to find, analyze, finance and manage the properties. When investing with a syndication, investors basically join a group of investors and have an experienced sponsor lead the investment. Investors invest passively after reviewing the opportunity and receive returns. Sounds simple? Not if you don't know what you're doing, especially in this late stage of the cycle.

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 .

During this meetup you will learn:
- How does a syndication work
- What to be aware of when you invest passively with a syndicator, and how to avoid pitfalls
- What questions to ask a syndicator, and;
- How to make sure the deal is a solid deal

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 to take notes.

Parking: street parking (free)

Please make sure to RSVP.

--Coffee and snacks will be served---

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

RSVP and Learn More Details Here

@Mi’esha Watson - make sure to educate yourself about investing in a syndication, so you'll know what to look for and what questions to ask.

@Chad Kastel - a few good websites are rentometer and apartments.com. They are not perfect, but free. I'd advise you to focus on similar comps, meaning, properties within 1-3 miles radius and of similar vintage (5 years above/below the target property vintage). 

@Kingsley Edemidiong - you can invest with an experienced investor and learn about MF investing this way. It could be a truly passive investment if you invest with a syndicator (you don't look for the property, sign on the loan or manage it), or you can take an active part of it if you partner up. 

Hi Jack,

BP is a great place to start! Happy to chat with you and share my knowledge on MF investing. 

Ellie