All Forum Posts by: Ellie Perlman

@ Aaron Hunt I'd say go with MULTIFAMILY. It's pretty safe and you can scale a lot faster. I'd also advise you not to put al your eggs in one basket - why not invest some of the money with other investors in Multifamily and use some of it for hard money lending? I know investors who do that and they do very well. 

Hi Matt,

Some paid services that can provide you with transaction info are CoStar, REIS, Yardi.

Some FREE resources could be:

https://www.irr.com/research/#!offset=0&limit=24& 

https://alndata.com/market-reviews/

https://www.yardimatrix.com/Markets

And I am not affiliated with any of those websites.

Good luck!

Ellie

What we're about

If you are interested in building wealth through passive real estate investing, especially in multifamily, this meetup is for you.

If you are a busy professional, own a business or work at a high-level position and have little time or knowledge to invest in real estate.

The primary focus of the club is to educate its members on passive real estate investing and help passive investors gain valuable knowledge on the subject: - Which markets are great for multifamily investing- The different types of passive investors- How to know you if a deal is solid- How to vet a syndicator- What to look for at an investment summary/financial- and more...

We encourage members to reach out to us and bring in topics and ideas on meetup topics. All ideas are welcomed.

OUR MAIN GOAL IS TO ENRICH YOUR INVESTMENT KNOWLEDGE AND GIVE YOU THE TOOLS TO BECOME A SAVVY PASSIVE INVESTOR.

***No solicitations are allowed***

@Robert Harris - welcome to BP! The first thing to do IMO is to figure out WHAT you want to do: fix and flip, buy and hold (single family, multifamily, retail, office, etc, wholeselling, etc. 

Then, start reading books on the topic, listen to podcasts, read here on BP. 

Find someone experienced to work with and try to partner up with them.

@Tom Dano - congrats on making the decision to invest in Tampa. This is one of the areas that I invest in. The job and population growth are solid, and there's also rent growth and appreciation. Would love to chat and share my experience of how I started, especially since we are both out of states investors. 

Edwin, I highly suggest to vet the sponsors you invest with. I read an article about the fraud investigation that on one of those websites. I'm NOT saying it was this website (can't remember which one). For the most part, investors invest in the sponsor first and only then in the deal. Anyway, just saw this article that might help you 

https://money.usnews.com/investing/real-estate-inv... 

The main benefit of seller financing is that it's many times easier than a bank loan or a  loan from a professional lender (where your experience in RE is crucial for an approval). However, many time a conventional loan can have more favorable terms (3-5 years of interest only, 10-12 years term, etc). It's not always the case, so it makes sense to get quotes from lenders and compare them to the seller's terms. 

@Hai Nguyen - the first question is a strategy one: fix and flip? buy and hold? wholesale?

Then, decide on the product: SFHs, small MF, large MF, office, retail, etc? 

I think that the best way to learn is to TEAM UP with an experienced investor. You can read all the books and articles in the world but one real-life experience can teach you much more. Find how you can add value to an experienced investor (find a deal, raise money, help w/marketing, etc).

Good luck!

Ellie 

I'm investing in Tampa, Orlando (and DFW) and found more value in those MSA but outside of the center. Lakeland is definitely one of those areas. Thank you for sharing the article!

@ Snehann Kapnadak I think it's an interesting approach. Joe Fairless did exactly that to close on his first deal. I know a PM company who partners with syndicators for equity. Shoot me an email or a message here on BP and i'd be more than happy to help!