All Forum Posts by: Jordan Santiago

Hey BP,

I am currently stuck trying to make a decision whether to go all in on multifamily, or single family rentals. I am 26 and currently have a 10 unit, an 8 unit, a 5 unit, and a duplex. Obviously there a pros and cons with both:

Multifamily is easier to scale quickly, economies of scale, bigger deals/numbers etc

But i do also believe with the housing shortage and the ability to find good deals much easier than multifamily, it makes it very interesting.

What are you currently doing? And what are your thoughts/advice on which direction I should go? Any insight, feedback appreciated. Thank you!

 feel free to message me!

Hey BP,

In your opinion, how much should you have in the bank when starting a Multifamily syndication/fund?

Good morning BP,

So I am 26, and got into real estate through wholesaling properties, and have built a 7 figure wholesaling business … BUT I want to start keeping everything for myself. 

I already have 25 units but I realize I have wholesaled so many great opportunities long term. 

I would love to buy and hold all of these off market properties I am finding, but I am trying to figure out a business model where I can buy and hold all of these properties and still make enough income/cashflow to live and operate

Any ideas? Or is syndication the answer? 

Anthony helps, thank you!

Understood, but Detroit is a different beast than a lot of other markets. Of course section 8 everywhere is tapped out with waiting lists but to my understanding the government wants more places to put these people. Everyone I have spoken to hasn’t had any issue getting section 8 tenants. 

Hey BP,

I wanted to know if anyone has experience buying and scaling a large 1-4 unit portfolio and renting it out to section 8 tenants using OPM?

I know it’s very specific but it’s a niche that has caught my interest as of late. Does anyone have experience doing that or something similar? 

Would love to hear feedback, thoughts, opinions and experiences 

Thanks! 

 Makes sense, thank you!

Hey BP,

I heard an interesting conversation about equity restructure once the property is stabilized and refinanced. Not something I would personally lean towards, but just want to hear other opinions and feedback.

This individual owns a little over 1,000 units and once he refinances and returns back most or all of his investors capital, the equity structure changes from 80/20 to 70/30, and sometimes even 60/40. Or, he will keep the equity 80/20 but change something within the distribution of cashflow. 

Now obviously, that is beneficial to sponsor, and less risky now for the investor being that their capital was returned back so I see how that is fine and not too horrendous, but seems to me that could damage investor returns or maybe that sponsor may lose out to a competing sponsor that doesnt restructure the terms

Just curious and would love to get opinions and a conversation started, what are your thoughts and have you or anyone you know done that?

Thanks!

Still, on 20-40,000 single family houses it seems incredible and insane at the same time haha.