All Forum Posts by: Harry Nima Zegarra

@Rick Martin I agree, it depends. As I mentioned, planning to enter the MF sector actively.

@Carlos Ptriawan Interesting: "What's funny about this MF business is you can find an operator with 3 GP only and other operator with million-dollar operator/hundred employees and both is producing relatively the same value proposition." I guess opportunities for seasoned and new active investors 

@Rick Martin great post; I am SFH investor, buy and hold. I am interested and learning more about MF. As mentioned before returns at the end of 20% over 5 years, doubling your money in that period seems pretty good (COC 20% over 5 years said in other way)... the big advantage I find is in scalability, segregation, bonus depreciation and being passive... however if you are active I tend to believe SFH are for better COC return; just as an example: SFH off market at 140k + 20K repairs; appraisal at 200K; immediate refinance of 140k; so I have left 20K in the deal and now gained in equity 40k. So that's 200% appreciation of my money (of course is in the SFH as equity). If I wait 5 years; I will have received some money from rents (after everything including property management) and that SFH would be valued now at least 250K. If I decide to sell; that's gained in equity 90k (without taking rents or debt paydown into account) or more than 400% from the 20k I initially left in the deal. I still think MF is a good way to spread investments/risks and leveraging money/time. As mentioned before, a lot depends on the syndicator and his/her reputation. Thanks.

@Richard Helppie-Schmieder sure thing man! Count me in, will try to bring some value too

@Michael Burks that is awesome man, I read this thread from the beginning and this certainly brings closure to it! Great story. I would like to chat with you if at any point you have some time. Thanks!

@Michael Burks Just wondering how things went... Seems BP is more guru/coach friendly now, I even heard one of the bosses gets coached too and participates in coaching (maybe?)... I understand both sides, and both have pros and cons/risks... at the end it depends on your drive and how much you want it, and how fast you want achieve your goals... If anyone wants to coach me for free I would appreciate it haha JK... I really get it that MF is a team business and to some degree you need to pay to play... planning to start educating myself, getting out there, being more social and research with as many coaching options as possible: someone said if couching is good for you, it will be still good in 3 months.. thanks

Good Evening,

I'm looking for a CPA. I would prefer to be local, in the DFW area (always prefer face to face). My wife and I work full time and have W2s. We have a series LLC, with some SFRs in different LLCs (A, B, C, etc); most of those where bought off market and with renos etc. Also, this year planning to jump into multifamily. Hope someone can give me a recommendation or send me in the right direction, thanks!

Hello @Justin Goodin

I am initially a buy a hold investor in SHFs/small multifamily, this year though planning to jump into multifamily... I've heard from before: you usually overestimate what you can do in one year and underestimate what you ca do in 10 years... for my SHFs I have plans and fortunately have a team and feeling comfortable there (although I don't want to be comfortable, I want to get out of the comfort zone), but specifically for Multifamily:

- Read/listen as much and many podcasts, books as possible.

- Attend at least 3 meetups per month.

- Network and meet 1 new person per week who is also in this business.

- In 2-3 months start meeting brokers and lenders and network.

- Before the end of the year invest passively in 1 deal, but also become sponsor in my first >80 doors deal.

... I don't want to quit my job completely, but in 3-5 years I want to work when I want and the hours I want, I know I can do it.

Hello,

Very good information here, I wonder if there is any person in the forum who has had bad experience with coaching (whether J/G or Think or any other) and what would they recommend at the time of choosing a coach...  I live in Plano TX and thinking in going into multifamily after 2 years in SFRs; the locals here are Think and Brad Sumrok, I would think having local mentors is an advantage...  I am starting already with podcasts, blogs, Jake and Gino's book (which I find great); also networking and will start going to meetups. Thanks

1 month deposit... having said that everything is negotiable

@Terry Cu I think Suntrust has a "physicians loan" kind of product, you can review their website... if you are starting in real estate that (or regular type of mortgage) may be a safe way to go... other options are buying a duplex, rehabbing etc