All Forum Posts by: Lee Yoder

Sounds like a great way to keep inflating this fantastic bubble we have, especially in California! Our government seems to have endless ways to increase the amount of debt our society is willing to take on. 

How long until the other 49 have to bail out California? This should certainly move the date closer to today. 

@Maxim K., you've received some great advice already, but I would add that if you're seeing "a lot of inventory" in Chicago and southern Chicago, that would give me pause, and is likely a red flag. MF investing is incredibly hot right now. I don't think it's a stretch to say that nearly every area of the country that is good for investing is incredibly competitive right now and inventory is very low. The areas that have a lot of inventory most likely have some serious issues that make it unattractive for investors. 

You pose a good question @John Gach and you've received some great answers so far. This is why BP is great!

I totally agree with all the benefits that @Elizabeth M Williams detailed so well in her posts regarding apartment syndication. I am an apartment syndicator myself in SW Ohio and I pretty much agree with everything Elizabeth said. However, I do still believe you will make more money buying your own properties vs. investing passively in someone else's deal IF you buy right and manage right (and those are some big "IFs"). 

I also think @Evan Polaski makes a great point about how difficult it is to find four good 4-unit properties to purchase vs. finding one good 16-unit property. I would add that it is much easier to manage one 16-unit property as compared to four 4-unit properties as well. 

Good luck John and God bless!

The best thing you have going for you is your attitude @Joe Miller! But, it looks like you have a long way to go with growing a beard! Good luck and God bless!

@Lindsey Clark, congrats on preparing yourself to take action! I do think you are overpaying for this property as the going rate in Dayton, OH is $50k or less per unit, even for a nice quad. What broker are you working with? I have a great broker I can refer you to who I'm confident will find you deals that can compete with this one. 

If masks work, then the people that are afraid of getting Covid should wear a mask and know that they are protected regardless if everyone else around them is wearing a mask correct? 

@Jonathan Steiger, thanks for the mention!

@Tyler Gerhold, congrats on getting started into MF investing! Getting started is the hardest part, so you're off to the races now! I would love to connect with you. Feel free to email or call/text me. 

@Justin Goodin, I'd love to connect with you as well. It looks to me like you're doing incredibly well in the MF space in Indy! Feel free to email or call/text me. 

I'll send you guys my email and phone number in a DM. Looking forward to connecting!

@Amanda Davi, my suggestion would be to invest in an MSA where you have some good connections, namely a good property management company. There are many good markets for you (all much better than southern CA), but it won't matter how good the market is and how good the deal is if you aren't able to manage it well. 

@Blake Jennings, I definitely echo @Adam Walter and @James Shapiro, the Cincy REIA is awesome and well worth the cost to join. The great thing for you is that all of the meetings are on Zoom now (the do have in-person available for the main meeting, but still cast on Zoom too) so you can join from Oxford!

There is a "Haves and Wants" Zoom meeting every Friday morning at 8:45am. I joined this morning along with 95 others. My favorite group is the Apartment Focus group led by Mark Hutton. The next meeting for this group is this Monday at 6:30pm. 

@Bradley Halvorson, in my opinion Columbus is a much different market than all others in Ohio. It is incredibly hot. That's great if you own property there, but I think you'll find it very difficult to purchase cash-flowing properties right now. Cincinnati, is easily second on the list as far as a growing market that is very competitive, but I still think you can purchase cash-flowing properties right now. All of the other markets are similar in my opinion. I think you can find good, cash-flowing properties in all. I would suggest that you work through BP to find some good connections in one or two of those markets. Because there is not that much difference between these markets, I would go with this one where you're able to establish a good team.

I totally agree with @Sandra Morrison, join the REIA in the city or two where you decide you do want to invest.

Good luck and God bless!