All Forum Posts by: Josh Oaten

@Wally Klosner

I personally would stick with purchasing already built properties. Out here in Phoenix it is a lot more expensive to build than to purchase 1975-80s product. I have heard of other areas where there is actually a gap in the market where building is a similar price to pre-built. 

I would look into this before making a decision. 

@I Duda

Reach out to @Omar Khan

Him and his team recently purchased a 100+ apartment complex out in Jacksonville. Im sure he would be able to suggest some quality property managers out there.

@Kusha Karvandi

I assist a firm that invests in 100-200 unit B/C apartment complexes.

As an active investor you could either:

• Learn as much as you can about apartment complex investing and go at it alone OR
• Find someone that already does this and assist them. With the money you have you could be a GP with the group and also invest some money to double down on your take

As a passive investor you could find a firm like us and become a LP where you

• Invest your money in the deal and earn your return share of the deal

Happy to chat more about what we do, just PM me.

@Clayton Collins

• Knowledge and understanding first off
• Market knowledge if they are out of state and looking where you are located
• Underwriting skills
• Ability to raise money or already have a network of investors

@Darius King Davis

Education is key to starting out. Don't rush this, take the time to learn first. Similar to what has been said above:

• Learn how to analyze markets, properties and their financials
• Network
• Build your team

I would suggest finding someone who already does what you want to do and offer your assistance to them to gain some practical learning.

@Asa Hunt

MF syndication is like any investment, there are always the risk of capital loss. It all depends on verifying the sponsor(s) and understanding what steps they have taken to reduce the associated risks.

@Vasundhara Ranjani

As @Michael Dang said above, it’s all about the deal. Most markets above 50,000 population within a 30 mile radius of a Primary or secondary city will have some sort of good multifamily deal, you just got to find them.

Reach out to @Omar Khan he’s based out in Dallas and could give you some insight on some strong Texas markets for multifamily

@Bashar Azzu

Here’s the thing. Why wait to get in the business? Yeah it may be cheaper to get in in a recession, but it is also harder to get loans and know when the recession may or may not come. For all we know you could be waiting 5 years to buy a property in a recession, while I have hit my 1000 unit mark in those 5 years. The best investors know how to invest in all market cycles!

@Stefanie Modares

I prefer Multifamily over single family for the extensive cashflow, scalability and calculated risk reduction. The more doors, the lower the vacancy risk is reduced in my opinion.

Happy to help where I can!

@Jonathan Rodriguez

I would suggest learning as much as you can about the type of real estate you wish to pursue. Once you feel like you have a solid base behind you, start posting as much as you can about it on BiggerPockets. Whether it’s ideas, questions or comments, post it and people will respond to you. Make sure when they do, you follow up and offer assistance to people who seem to know what they are talking about.