@Eric Greenberg @Jabrail Henderson - thanks for taking the time to respond to my thread. I have been educating myself for a few years now and saved capital to invest. I also have a real estate agent sending me multi family listings in the area and another out of state. I must admit its been challenging finding deals that meet my investment criteria and I am looking at multiple listings a day. On top of that, the eviction moratorium spooked me a bit so I left all of my capital in the market during the last year and a half.
From a strategic perspective I am looking to buy and hold multifamily and generate good cash flow ( beating the market in terms of COC return). Recently I have been looking at investing in a syndication deal but that's a whole other conversation and I think I need more time understanding how to properly vet sponsors. I am also familiar w BRRRR and wouldn't be opposed that either. I also want to ensure I can scale and don't want to hamstring myself by making a poor decision now and deploying the capital on a bad deal so there is a bit of trigger shyness. One might say I am worrying about step 10 before step 1.
If I were asked to identify the main hold up it's the fact that I haven't been able to find a decent deal, so I am thinking of changing my approach in the following ways:
1.) Talk to people who have done it (which I haven't done before). That's what this thread is meant to do
2.) Make offers on the MLS listings that make sense. Worst they can say is no and I annoy my RE agent.
3.) Generate off market opportunities -- the MLS probably isn't the best. Still working on the best way to do this.
Thanks again for responding to the thread!
