All Forum Posts by: Nicholas Ameluxen

@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.

Thanks @Paul B. I recently saw Brad Sumrok at an event in October, so I am familiar with his group.

@Kenneth Williams PM sent.

@Paul B. Thanks for the link! Have you had any experience with that meetup group?

Hey BP, can anyone recommend any Austin/San Antonio multifamily meet ups, or is anyone active in commercial multifamily space and interested in talking? I'm looking to get  a better feel for the market and where people are finding opportunities.

Thanks!

Richard, my wife and I recently bought a duplex in North Austin/pflugerville area. We had been looking for awhile and it wasn't a home run of a deal, but it was something that worked for us. I think you're going to have a hard time finding a duplex in the range of 200k, not to discourage you, as I wish you luck. Ours is a a 3bd 2.5bath and 1300sq ft per side in 78660, and we were able to purchase for just north of 300k. Let me know if I can help in any way.

Thanks Brian Adams and Kevin McNeely for that information. Is there a local meet up either of you could recommend?