All Forum Posts by: Eugene Nilus

@Jesse LeBlanc, great insights!

Thank you for sharing!

Hey Ethan,

I am also in Indi MSA.

As a step 1, I suggest you have a clear buy box of what you are looking for so brokers and property managers know what to present to you. And if you have it already it’s great.

As a step 2, I would go to crexi or loopnet and search for properties that fall under your criteria and connect with brokers that sell those properties. Ask those brokers what property management company manages that property and connect with property managers.

Another way to connect with brokers, property managers, and wholesalers:

A. Google search

B. Bigger pockets

C. Facebook groups

D. LinkedIn

E. Reddit groups 

F. Fly to local events or join digital events. Good resource is meetup.com. Sometimes people offer digital meetups there

I am happy to connect offline and chat more. Always excited to talk RE and build new relationships

 Sounds great @Davaris Bennett. I'll text you to set up a time that may work for both of us

 You are welcome :)

Hey @Davaris Bennett

@Jesse LeBlanc and @Daniel Paloscio were pretty accurate in their answers and good guys to follow.

I am also happy to be a sounding board if you have any ideas and you want to run them by someone.

@Everett Stephens

1. In case you don't know this yet, I would start by learning how to underwrite MF apartments as it's a totally different way vs underwriting SFRs. Not difficult but a bit of a learning curve. You will understand what purchase price makes sense to pay.

2. By improving NOI of the building, you are forcing an appreciation therefore increasing the value of the building. You can create more equity faster with MF vs SFRs (Although, I don't know your margins on SFRs)

3. If this is your first MF property, I would suggest to partner up with someone and learn in and outs.

Hope it helps

Some of the fastest ways to learn:

1. Find a mentor

2. Find a video on YouTube that would walk you through. Not the same as mentor but could give you a bit of understanding. Keep in mind, there are bunch of analyzers out there and some of more sophisticated than others

3. Go to you local meet ups and find a person who can teach you. If he/she wants money, I suggest to pay him/her as this is a necessary skill to have before you present any deal to your investors

4. Join an online group, like @Stephen Brown mentioned above and find a person that can teach you.

Hope it helps.