All Forum Posts by: Jaquon Miller

 @Jaquon Miller

Tip:

One thing to remember when you are getting into RE investing is to have your team of people or as Brandon Turner from the Bigger Pockets Podcast calls it your CORE 4

1. Your contractor

2. Your deal finder (agent/wholesaler)

3. Your property manager

4. Your Lender

My suggestion to find #2 & #4 would be to go to the top of this page and click on FIND AN AGENT & FIND A LENDER. There you will be asked your criteria and then after answering a few questions you will be matched with 3-5 agents or loan officers in your area. My suggestion would be to select someone with the most forum posts or most reviews. That way you know they are active in the BP community!

@Jaquon Miller, while there are certainly some lessons that are learned from fix and flips and BRRRR that may translate into syndications, I would say it is not totally the same.

Syndications require a far more in-depth understanding of investment finance than the typical BRRR or Fix and Flip. Can it be learned? Of course. But, even when using OPM for fix and flips or BRRRRs, it is often a much simpler structure.

But at the end of the day, most syndicators that you hear of are marketers first and foremost.  The financial sophistication and operational capabilities for a large multifamily are much different than flips or BRRRs.  Again it can be learned, but more often than not by working for someone already owning and operating multifamily properties.  Things like valet trash, cable contract reimbursements, RUBs, common area expense budgeting, proper staffing levels, AI revenue management, PPMs, subscription agreements, blue sky filings, commercial lending standards, commercial building codes and permitting, ADA compliance, etc.  

All that being said, you will certainly learn new things with each step of the way.  And typically when I have seen people move from Single family investing, the next step is into small multi (5-10), then mid sized (11-50ish), then larger scale (100+).  Then in house management and construction management, then in house procurement.  

@Jaquon Miller

A strategic strategy is necessary when investing in real estate. Learning about techniques such as multifamily syndication, BRRRR, and repair and flips is the first step toward success. Make connections with lenders, contractors, agents, investors, and mentors to acquire valuable information. Analyze market circumstances, project remodeling costs, weigh risks and rewards, and do extensive due investigation on possible investment properties. Use Other People's Money (OPM) to fund transactions with minimal cash outlay, but be sure to arrange transactions sensibly and reduce risks.

Begin with lesser initiatives to obtain expertise and build a track record, then progressively scale them up. Remain adaptive and flexible since circumstances around the market, finance available, and investment possibilities are subject to change. Prioritize constructing long-term wealth, striking a balance between immediate rewards and long-term objectives to generate passive income and lasting wealth. Since real estate investment is not a get-rich-quick strategy, be devoted and persistent. Success in the real estate market is achievable if you put in the necessary commitment, effort, and perseverance.

Best of luck!

Hey Jaquon, I can help you find motivated sellers and with contract-related matters. Thank You.

@Jaquon Miller congrats on getting started. I'm not following your whole idea here though. Says you are already house hacking a duplex that you want to convert to an investment. If you are already house hacking a duplex...it already IS an investment property.

You have so much going on. House hacking, value add, fix and flips, Brrrr, private money, multi family and syndication. Thats an aweful lot to digest if you are just getting started. Great to have goals, but its a long road to get from A-Z and real estate is not a get rich quick plan. Focus on one at a time with an achievable path to get to the next phase. Find out what you are good at, enjoy doing and have time for. Many aren't cut out for being a landlord, some can't build a good team to fix and flip, some don't know where to find OPM and so on. 

I would suggest networking locally to get entrenched in the real estate market. Meet other investors, learn market trends, start to build a team and keep absorbing knowledge. Maybe look into joining the local REIA to meet many of your goals. I can get you a guest pass to a meeting to see what you think.

Best of luck!