All Forum Posts by: Nicholas Ameluxen

We had a great group last time, and I'm looking forward to seeing new and old faces alike. The purpose of this group is for investors to come together to network, learn from each other, and do deals. If you are interested in connecting with local multifamily investors, lenders, property managers, etc... come on down to Skull Mechanix and grab a pint with us.

One of the greatest benefits of investing in real estate is getting to deal with people you actually like! What better way to see if you're compatible than by sharing a pint and talking shop.

Can't wait to see you all, please reach out directly or on this post if you have any questions.

You can also sign up on our meetup.com page http://meetu.ps/c/3G62Z/J1Z0L/f

Hey @Ben Ashburn. This meetup is intended for anyone interested in multifamily investing and looking to network with people both experienced or just starting.

Also, there are a few other meetups I could recommend in the Austin area that are multifamily focused, but also have a teaching aspect. If you're interested PM me and I can shoot you the links.

Hope to see you soon!

The purpose of this group is to allow investors to come together to do deals and learn from each other. As we all know, multifamily is a team sport! If you're interested in connecting with local multifamily investors like yourself, grabbing a pint, and finding potential partners, then we'd like to meet you! 

If possible, please register with the link below, we have space set aside but if necessary we can reserve more.

Austin Multifamily Real Estate Investors Group

Hey Jevonte,

I think you've come to the right place for guidance and knowledge, and it seems like you have a plan in mind for reaching your goal. I would narrow down which areas and markets you want to focus on and then begin learning and networking as much as you can with people in that market. If multifamily is your goal, I would recommend linking up with a mentor or coach, but there are also many great books/podcasts that can help you as well. There are many ways to get involved with multifamily that you may not know yet, so I wouldn't rule it out entirely to start. That being said, I started with SFR's as well and it still a very reliable way to start and get your "feet wet."

Also, if I can be a resource don't hesitate to reach out and connect. 

@Steven Escobedo I would echo what everyone here has said as well. Their coaching has far exceeded my expectations, and been worth every single penny. The whole team is very genuine and you can tell they are invested in your success. The community around the coaching is fantastic as well.

@Sean McGrattan great list so far. I would add Wheel Barrow Profits by Jake and Gino or the ABC's of Real Estate Investing by Ken McElroy.

@Joshua Wilson Correct me if I'm wrong, but if all these properties are bundled under 1 loan, or even in packages of four per loan, wouldn't that make it almost impossible to sell them individually? Would your only exit strategy be to sell them as a portfolio?

Hey @Colin Yang, great question!

I think @Kevin Dean hit the nail right on the head. Talking with most people doing deals in my markets, they're looking for off market deals, capital, or a real HNW individual to help qualify for a loan. 

In my experience, most of the people doing these larger deals already have full time analysts constantly looking at markets and deals, so unless you have a degree in real estate or experience underwriting and making projections, that may be a hard way to offer value.

I think the best thing you can do is network with people in your area doing the things you want to do, and offering your efforts for some hands on experience. Also, linking up with a mentor or coaching program, specifically for multifamily, can drastically help. If you go that route, I'd recommend someone who has a track record, shows good character, and has a large community. I am part of such community, feel free to PM me if you want some more information.

Hope this helps and much success,

Nick

Hey @Chirag Shah from a fellow Austin resident.

It's very recently that I started attending conferences, but I can highly recommend Jake and Gino's Multifamily Mastery, I believe this year it will be held in Orlando. Great group of people, intelligent speakers with actionable advice, and a crowd full of people active in the multifamily real estate to network with.

I'll also be at the Best Every Conference this February in Denver, have heard great things but can't personally recommend as this will be my first time attending.

Hope this helps!

-Nick

When I analyze a market, the first thing I'm looking at is job growth. I want to see above the national average, and what kind of jobs they are. Then, I focus on population growth, same as job growth, I want to see above the national average and definitely no decline. Often I find if jobs are flowing to an area, the population growth is there as well. 

There are a lot of factors that I would look into after that, but those are two good ones you can figure out real quick and decide if those are markets you would be interested in drilling deeper into.

Hope that helps, reach out if I can do anything else to help.