All Forum Posts by: Joel Fine

This Multifamily Investor Nation group is for both active and passive real estate investors, at all levels, that are actively acquiring (or would like to acquire) multifamily/apartment properties. Whether you are using the syndication model or your own money, it is not hard to do as long as you have the proper training and a great team. Our goal for this group is to combine education and networking to help you achieve your investment goals.

This month's topic is "Negotiating and Submitting Your First Multifamily Offer." Beginning investors can learn from those with more experience - it's intimidating, but you CAN make it happen!

Watching online videos and reading books on multifamily syndication investing is great, but you need the in-person networking to find partners and develop your team.

This group is all about training and networking in multifamily apartment investing. Join us!

This Multifamily Investor Nation group is for real estate investors, at all levels, that are actively acquiring (or would like to acquire) multifamily/apartment properties. Whether you are using the syndication model or your own money, it is not hard to do as long as you have the proper training and a great team. Our goal for this group is to provide regular opportunities for education and then to solidify the training with in-person networking events.

This month's topic is "Due Diligence." It may sound like a dry topic but it can make or break a deal. It's essential for an investor to do thorough due diligence on a deal before deciding whether to invest, and at what price.

Watching online videos and reading books on multifamily syndication investing is great, but you need the in-person networking to find partners and develop your team.

This group is all about training and networking in multifamily apartment investing. Join us!

This Multifamily Investor Nation group is for real estate investors, at all levels, that are actively acquiring (or would like to acquire) multifamily/apartment properties. Whether you are using the syndication model or your own money, it is not hard to do as long as you have the proper training and a great team. Our goal for this group is to provide regular opportunities for education and then to solidify the training with in-person networking events.

Watching online videos and reading books on multifamily syndication investing is great, but you need the in-person networking to find partners and develop your team.

This group is all about training and networking in multifamily apartment investing. Join us!

Did you know you can invest in large apartment buildings with as little as $25,000? Come join us to find out how. Connect with fellow investors in Round Rock and surrounding cities to learn about multifamily apartment investing, both passive and active. First and third Mondays of the month in Round Rock, from 6:30 to 8pm, multifamily investors @Joel Fine and @Nick Sheveland host a meetup at the Rudy’s off I-35 (2400 N Interstate Hwy 35). Beginners and experienced investors alike are welcome.

Find us on meeetup.com here.

Our first few meetings had lots of attendees! Virtual meetups had their place, but it’s time to meet face to face. Join us!

Finally, south Williamson County, Texas has its own commercial real estate meetup, with a focus on multifamily apartment investing. First and third Mondays of the month in Round Rock, from 7 to 8pm, multifamily investors @Joel Fine and @Nick Sheveland have started a meetup at the Rudy’s off I-35 (2400 N Interstate Hwy 35). Beginners and experienced investors alike are welcome.

Our first few meetings have been all about networking – getting to know other investors, learning what they are doing and what they need to take the next step in their investing journey. Once we get rolling we’ll add an educational component, bringing in an industry expert to drill down on topics like finding deals, funding, due diligence, managing your asset, and so forth.

Our first few meetings had lots of attendees! Virtual meetups had their place, but it’s time to meet face to face. Join us!

Finally, south Williamson County, Texas has its own commercial real estate meetup, with a focus on multifamily apartment investing. First and third Mondays of the month in Round Rock, from 7 to 8pm, multifamily investors @Joel Fine and @Nick Sheveland have started a meetup at the Rudy’s off I-35 (2400 N Interstate Hwy 35). Beginners and experienced investors alike are welcome.

Our first few meetings will be all about networking – getting to know other investors, learning what they are doing and what they need to take the next step in their investing journey. Once we get rolling we’ll add an educational component, bringing in an industry expert to drill down on topics like finding deals, funding, due diligence, managing your asset, and so forth.

Our first meeting had 22 attendees! Virtual meetups had their place, but it’s time to meet face to face. Join us!

Finally, south Williamson County, Texas has its own commercial real estate meetup, with a focus on multifamily apartment investing. First and third Mondays of the month in Round Rock, from 7 to 8pm, multifamily investors @Joel Fine and @Nick Sheveland will host a meetup at the Rudy’s off I-35 (2400 N Interstate Hwy 35). Beginners and experienced investors alike are welcome.

Our first few meetings will be all about networking – getting to know other investors, learning what they are doing and what they need to take the next step in their investing journey. Once we get rolling we’ll add an educational component, bringing in an industry expert to drill down on topics like finding deals, funding, due diligence, managing your asset, and so forth.

Virtual meetups had their place, but it’s time to meet face to face. Join us!

Congratulations.

Interesting side note, Clayton Morris is still producing content and passing himself off as an expert on real estate investing. I follow him on Instagram. His posts are all sunshine and rainbows, no hint of his scandals. Not surprising, but if anyone thought he would slink off into oblivion...it doesn't seem to have happened yet.

One of his Instagram posts asked "What's your biggest fear stopping you from investing?" I was going to reply "A con artist who defrauds investors by passing off distressed properties as turnkey and then runs off to Portugal to escape accountability" but I didn't want to get blocked 😂😂😂

I hear Clayton Morris is selling some high yield turnkey properties on the Iberian Coast. They need some work now but he's lined up an outfit to do the rehab.

Economics 101: if landlords are charging "excessive" fees in a free market, then one or more of the following will happen.

1. New supply will come on the market. Investors will build more rental units to take advantage of this new profit opportunity, or idle supply (vacant homes) will be activated. Perhaps some owner occupied homes will be converted to rentals. This will tend to push prices down.

2. Demand will drop. Potential tenants will find ways to get by with less. People will move out of the area, or take on extra roommates. Some renters will buy a home and stop renting. This will also push prices down.

3. Neither 1 nor 2. This means the fees aren't actually excessive, just reflecting a new equilibrium (market clearing) price (which may make some buyers unhappy).

A 4th possibility: The government will act to 'defend' tenants, imposing price controls or other regulatory barriers to a market clearing price. This will have the exact opposite effect intended. Demand will exceed supply because the price controls distort the market, discouraging potential landlords from investing.