All Forum Posts by: Li Ou

Hey Li,

Welcome to RE Investing.

It might take awhile to get to $3000k a month cash flow.You could do a house hack with a high down payment to stay in California, if structured correctly that could get you 3k a month. One thing to consider if you are planning to real estate invest longterm quitting your W-2 immediately after getting your first property will make it more challenging to get the next one. 

@Li Ou - Your profile did not show where you are.  There are RE Meet-Ups in many locations, search to find ones near you.   Many of them will be SF, but you will likely find a few that are MF.  Attend, meet & greet, exchange contact information. 

I live in the DFW area, which is a hot-bed of MF.  Locally there are multiple Meet-Ups each week.  If you are in an less active area, listen for Zoom calls that are educational and often have Zoom break-outs.

In 2010, knowing nothing, I visited a mentorship group and it was well worth it to me to pay the money. This allowed me to meet a lot of GPs and LPs from all across the country.

Deals are out there!  I have received 100+ deal announcement this year so far, most of them are 506(b).

Those types of sites often use Reg D Rule 506c, which allows public advertising but requires all investors to be accredited. It is a bit tougher as a non-accredited investor, because Reg D Rule 506b does allow non-accredited sophisticated investors, but limits it to 35 of them and investors must have a substantive pre-existing relationship with the sponsor.

There are, but these guidelines are in place to protect investors.

One way perhaps to find more deal flow that allows sophisticated investors is to go to one of the multi-family conferences or a conference that educates people on private placements.

Plenty of talk here on BP of such conferences....you might try the BPCON coming up in the fall in San Diego, Think Multi, Best Ever, Rod Khleif, Brad Sumrok, Grant Cardone, MFIM and probably plenty of others.

Most of these are geared towards multi, but there are probably other conferences that focus on other kinds of private placements such as ATMs, self storage, NNN single tenant, industrial, vineyards, and others.

Since they can't typically advertise these offerings unless they know you, you have to go network with people.....plus you'll learn a ton at the conferences which will make you a better investor.