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All Forum Posts by: Grozie Thomas

Grozie Thomas has started 4 posts and replied 16 times.

Post: Ready to start investing into rental properties

Grozie ThomasPosted
  • New to Real Estate
  • Dallas
  • Posts 16
  • Votes 7
Quote from @Joshua Christensen:
Quote from @Grozie Thomas:
Quote from @Joshua Christensen:
Quote from @Grozie Thomas:

Hello, I am new to real estate and property management. I would like to start investing in multi-family rental properties. I am a total beginner. I have a decent amount to invest and great credit currently. Also have a house and land in Mississippi that was inherited, that I am looking to invest into. Any advice or options available would be wonderful. Looking to start immediately. Located in the Dallas/Fort Worth area of Texas.

Hey @Grozie Thomas,

Welcome to BP and to the wonderful world of multi-family investing.  Like anything it is a process to learn.  My first question is do you want to own real estate or do you want to be a property manager?  

With smaller 2-4 unit props, you can live in 1 unit and rent the others to offset your mortgage while you learn small property management.  The more units you add, the nuances and challenges of PM come into play.  

Smaller 2-4 unit props also have better financing terms through conventional lenders than 5+ that have to go through commercial lending (you will need some experience for those loans, in most cases).

Syndications are definitely an option for a truly passive real estate investor wanting a solid return and to own a % of the asset.  It was mentioned earlier that you invest in the jockey, not the asset.  Be sure your general partnership team knows their stuff.

It's a great decision to start young and build for the future!  Real estate is a long game and great wealth can be built with a solid strategy.  I strongly believe that you collect real estate and don't trade it.  

Happy Holidays!


 Great advice! I definitely am wanting to do both, but I believe property management is the best option for me to start out on. I’ve always been afraid of syndication and crowd funding, it makes me feel that investors are scared to invest in that specific property for one reason or another. 


 You definitely learn a lot managing properties.  You'll learn about late rent, evictions, bed bugs, roaches, Sect 8 vouchers, clogged toilets, etc.  So much fun.  I managed my own up to 5 units and then built a small PM company (64 units for 8 owners) for 3rd party mangement a few years back.  Oh the lessons...lol  I'm forever grateful I did as I learned so much behind the scenes that I wouldn't have seen otherwise.  

Sometimes the best way to learn is by doing.  

Syndication and Crowd funding are different animals in their own right.  My first syndication deal was over 200 units and I could not have funded that deal on my own, not even remotely close.  It took pooling our collective resources to put that deal together.  We are working on our 4th one now and they are very different indeed.  Making sure you understand the asset manager / sponsorship team and their track record is important as they are the one's handling the actual management of the project.  


You may have already mentioned it, but Do you offer mentorship?

Post: Ready to start investing into rental properties

Grozie ThomasPosted
  • New to Real Estate
  • Dallas
  • Posts 16
  • Votes 7
Quote from @G. Brian Davis:

@Grozie Thomas

I would echo @Jonathan Nichols and @Michael Margarella on house hacking a small multifamily if you want to get into active investing. It's great experience, and of course you eliminate your housing payment if you do it right. Alternatively, you can house hack with housemates or an ADU.

But it's worth noting that you don't necessarily need a ton of money to invest passively in real estate syndications. If you go in on syndication deals with others as a member of a real estate investment club, you can invest with relatively small amounts. For example, in our Co-Investing Club we meet once or twice a month to vet deals, and members can go in on them together with $5K apiece. 

Personally, I no longer buy properties directly. I spread small amounts of money across many passive investing deals. You get all the benefits of real estate (cash flow, appreciation, tax benefits) without any of the headaches of landlording or asset management. 


 What would be cons to doing this? And what is the earning potential of syndication? Just been afraid to try it from hearing bad reviews.

Post: Ready to start investing into rental properties

Grozie ThomasPosted
  • New to Real Estate
  • Dallas
  • Posts 16
  • Votes 7
Quote from @Joshua Christensen:
Quote from @Grozie Thomas:

Hello, I am new to real estate and property management. I would like to start investing in multi-family rental properties. I am a total beginner. I have a decent amount to invest and great credit currently. Also have a house and land in Mississippi that was inherited, that I am looking to invest into. Any advice or options available would be wonderful. Looking to start immediately. Located in the Dallas/Fort Worth area of Texas.

Hey @Grozie Thomas,

Welcome to BP and to the wonderful world of multi-family investing.  Like anything it is a process to learn.  My first question is do you want to own real estate or do you want to be a property manager?  

With smaller 2-4 unit props, you can live in 1 unit and rent the others to offset your mortgage while you learn small property management.  The more units you add, the nuances and challenges of PM come into play.  

Smaller 2-4 unit props also have better financing terms through conventional lenders than 5+ that have to go through commercial lending (you will need some experience for those loans, in most cases).

Syndications are definitely an option for a truly passive real estate investor wanting a solid return and to own a % of the asset.  It was mentioned earlier that you invest in the jockey, not the asset.  Be sure your general partnership team knows their stuff.

It's a great decision to start young and build for the future!  Real estate is a long game and great wealth can be built with a solid strategy.  I strongly believe that you collect real estate and don't trade it.  

Happy Holidays!


 Great advice! I definitely am wanting to do both, but I believe property management is the best option for me to start out on. I’ve always been afraid of syndication and crowd funding, it makes me feel that investors are scared to invest in that specific property for one reason or another. 

Post: Beginner Looking for Mentors

Grozie ThomasPosted
  • New to Real Estate
  • Dallas
  • Posts 16
  • Votes 7
Quote from @Ken Breeze:

@Grozie Thomas, nice to meet you.

Yes, as mentioned above, networking is key, but in this day and age, putting up the time and effort to meet real people on the ground is definitely great but takes too long. We can do better ;-) We all have the tools to find each other for free - at our fingertips. Use them.

What are you trying to achieve more explicitly?
What level of knowledge do you have so far?
What are your expectations for a mentor and what can you offer them?
Bartering? JV Equity? Cash? Hybrid?

Hit me up here (slow) and on LinkedIn (fast) :-)

Cheers, Ken 😎

Well I’m trying to achieve a successful business managing multi family properties. I have little knowledge in the industry and expect guidance of steps to make( do I need any licenses, or an llc? What should I look at for to not end up in a bad situation? Etc)

Post: In search Mentors, Investors, coaches, and GPs

Grozie ThomasPosted
  • New to Real Estate
  • Dallas
  • Posts 16
  • Votes 7
Quote from @Senate Eskridge:

@Grozie Thomas  You have made a wise choice.  A mentor will help you collapse timelines and save you costly mistakes.  That said you need to ensure you are working with the correct person.  Here are a few questions you should ask and be able to answer before taking on a mentor.  

What are your goals?  
What do you value most? 
What do you need from a mentor?
What can you invest in the process, time, Money, other resources, etc..?

That said I have mentored several people through the purchase of multifamily and am familiar with several others who do the same thing.  I would be happy to meet with you and help point you in the right direction.  


 Ok sounds good shoot me an email and we can go from there [email protected]

Post: Beginner Looking for Mentors

Grozie ThomasPosted
  • New to Real Estate
  • Dallas
  • Posts 16
  • Votes 7

So I made a post earlier and now I’ve come to realize I will need a mentor to help me with the beginning of my journey. I have the funds, the credit, the time, and patience. Just need the guidance. I’m waiting to purchase my first multi family property to rent out and invest in other properties. Any investors and coaches on here that are taking in new people? Or any recommendations? I’m ready to start! Located in DFW Texas

Post: In search Mentors, Investors, coaches, and GPs

Grozie ThomasPosted
  • New to Real Estate
  • Dallas
  • Posts 16
  • Votes 7

So I made a post earlier and now I’ve come to realize I will need a mentor to help me with the beginning of my journey. I have the funds, the credit, the time, and patience. Just need the guidance. I’m waiting to purchase my first multi family property to rent out and  repeat. Any investors and coaches on here that are taking in new people? Or any recommendations? I’m ready to start! Located in DFW Texas 

Post: Multi-Family Investment Mentor Recommendations

Grozie ThomasPosted
  • New to Real Estate
  • Dallas
  • Posts 16
  • Votes 7
Quote from @Chris Seveney:
Quote from @Nick Hulme:

I have a friend who used one of Brad Sumrok's courses to get started investing in apartments. She gave it high reviews because he not only teaches smart investment techniques, but connects you to a large network of other investors. When she took the course it costed $2,800, but it looks like they now start at $8k.

I am interested to know if there are other mentors out there that provide similar benefits. Who do others prefer?


 I would argue no mentor will teach you MF investing. The individual you mentioned also coached the houston group that just got foreclosed upon and allegedly lost $77M in investor money. So either the student did not learn or the training was the issue. No idea which is it.

The best way to learn MF is to bring a deal to another GP and co-GP the deal. Using the example of being a civil engineer, I can take a class on how to design a bridge using steel and concrete - and I know about how its done, but that does not mean I could do it and be successful at it. 

Who could I speak with on walking me through how to do something like this? Or is it something simple that an absolute beginner could do?

Post: Interested in House Hacking and Investing into Properties

Grozie ThomasPosted
  • New to Real Estate
  • Dallas
  • Posts 16
  • Votes 7
Quote from @Susan Maneck:

So are we up to three properties now? 


 Correct

Post: Interested in House Hacking and Investing into Properties

Grozie ThomasPosted
  • New to Real Estate
  • Dallas
  • Posts 16
  • Votes 7
Quote from @Susan Maneck:

So you have two properties? One near Starkville and the other in the Free State of Jones. ;-}

Correct so one near Starville/West Point area , one in the Columbus area and one near the free state of jones haha. Nice reference