All Forum Posts by: Jennifer Brown

@Angelo Russell, I would have to agree with @Michael Bishop that you should know the difference between JV and Syndication. From your question, it's not totally clear which one you're looking to accomplish.

Aside from that, it's great that you want to partner up with someone as a way to get in the game. My advice before that though is to get extremely clear on your investment criteria. For example, you said you were looking for "a decent cap rate." What does that mean to you? 6%, 8%, 10%?

Getting crystal clear on these things will help you not only find the right partners to do deals with, but also help you to communicate better to brokers and to your potential investors.

Awesome story! Thanks for sharing. 

Welcome @Benjamin Z. Pickens! This is the best place to get your investing career started. I might be biased but the buy and hold strategy is the way to go :-) Good luck and happy investing! 

@Bryson Rogan Welcome to Dallas! I live in the DFW area as well. If you ever want to meet and have some coffee and chat, feel free to PM me.

@Maria Luna

They type of loan you'll be looking at depends on the number of units you decide on. Looking at 4-8 units puts you in a category of both Residential and Commercial.  Multis of 2-4 units will be treated as a residential property and so the acceptance of a loan will depend on your income/credit/etc. Now unit sizes that are 5+ will put you in the commercial real estate space. Getting a loan for these typically depends less on your income and more on the net worth of everyone signing on the loan and the deal itself. I'd recommend speaking to a mortgage broker who can explain your options. All of this to say, I think if you want to get an investment done before you are done with school, it's definitely possible. Just keep persisting and learning along the way and you'll get there.  Feel free to reach out if you have any other questions.

Welcome Maria! 

Bigger Pockets is a great community and it will immensely help you on your journey. My number one piece of advice to you is utilize it to your advantage. Reach out to everyone on here who is from your area (and even who isn't) who is into multifamily real estate investing too. Network, network, network. This is the one aspect of investing that as opened so many doors for me and continues to do so. Feel free to PM me should you have any questions! 

@Jason Sylka This is amazing. Thank you! Also, welcome to the site :-)

@Bruce Lynn Looking for a real estate attorney to help me through the legal aspects of acquiring a small apartment building. Also to help me with syndicating/partnerships. 

@Bruce Lynn Thank you! I'll be sure to interview those. Can you (or anyone on this thread) recommend an attorney as well? 

@Andrew Postell Thank you! I appreciate it! You look familiar - I think I've seen you at Sherry Patterson's meetup group before. Next time I can make it, I'll have to introduce myself!