All Forum Posts by: Jesse Daconta

Merry Christmas everyone!

I appreciate all of you.

Best,

@Sathesh Kumar

Great job! Now the real work begins ;)

Best,

@Jon Morrow

$200k BRRR deals may be less risky than buying land/rezoning/developing. I'm not a fan of either of these strategies in our current market unless you have a pipeline to off-market deals.

SFH/land development (residential) profit is dependent on the emotions of the public - like the stock market but usually less volatile. This is why we went the commercial real estate route. Commercial real estate is based on actual results and not emotion.

My 2 cents :)

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@Whit B.

Talk to @Barbara Habbeshaw with AZ Residential Property Management. She has an excellent company that fights for the owner.

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@JC Oakley

Welcome to the real estate rabbit hole!

The only hands-off real estate I'm aware of is investing as a limited partner in an apartment. You receive all of the benefits of owning real estate (cash flow, forced appreciation, tax sheltering asset) without any of the headaches of tenants, toilets, and managing the property manager.

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@Joshua Nackenson

Welcome!

In my experience, the only way to receive the benefits of owning real estate without having to find the deal, create the team, vet through contractors and manage the property manager is being a limited partner in syndications.

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@Adam Regos

Syndications come with all the benefits of owning real estate. However, as a passive investor/limited partner you will never have control of the deal. Some people like this because they don't have to deal with the headache of deciding everything and managing the property manager.

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@William White

I agree with @Carmen Dettloff

Buying SFH/turnkeys = full time job. You always have to manage the property manager.

Limited partner in a syndication = passive income along with benefits of owning real estate.

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@Neil Polehn

The 5 year timeline sounds perfect for a limited partner in an apartment syndication. May be worth the research :)

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@Mario Arellano

What works for me is finding the property through the tax assessor. Google search [city, state tax assessor] and find a link that allows you to look up the property through the address. You will get a wealth of knowledge from the tax assessor's website. You can also find how much the city charges in property taxes per $100 assessed value = you can predict how much it will increase based on the price you purchase it for. I hope this helps in the future :)

Best,