All Forum Posts by: Noelle B.

@Jeffrey Allen thanks for your reply. I haven't heard of a HEVC so I'm going to Google that right now. 

Everyone is mentioning syndication. I guess I'd rather be more active in my investments. I enjoy the hunt. I enjoy securing a deal. My goal isn't just to make money and retire, but to actively pursue great deals. But I suppose for the experience, it could be an option. Or I can just invest myself and gain experience by doing. The joint venture idea could sort of marry the two of those ideas together: wanting hands on experience myself but also learning from an experienced investor. 

@Don Spafford thank you! This is definitely the kind of response I was looking for. Do you invest in all kinds of commercial property? Are there major differences you should know about prior to investing into the different types of commercial property? Development would be amazing... but one step at a time for me! It sounds like you've beens super successful - congrats. 

The 16 unit sounds interesting! Want to DM me details? I love Idaho haha ever since gong to Victor/Driggs one winter it's been one of my favorite states. Seems everyone else is catching on too! 

Your lender comment is something that's been a big ? in my mind. I know it's very different than resi, which makes me want to get started on a commercial deal sooner; learn sooner. Can you call a bank and ask these kinds of questions? 

@David Lilleyawesome! Yea, I think we want to scale to a smaller multifamily, like 6-8 units. I want to gain experience with commercial banks and loans and whatever comes with multifamily investing. I figure, I'm going to learn the most with whatever I'm actively doing... if that's single family, I'll learn single family. But if I just dive head first into multi... I'll learn multifamily. No time but the present! 

Do you invest in the Dallas area? 

@Colton Hahn I am more interested in active investing; being the GP. One day perhaps syndicating myself! But certainly an area to explore. 

@Michelle Foy you seem to have a bit bigger of a problem than I have! That's great. And a great place to be. But yea, sometimes the options can seem endless and leave you almost taking no action. 

It's hard for me to say that I love single family vs some sort of commercial asset type because I haven't done any. All 3 deals have been single family. Hated flipping haha and the BRRRR is great. But I think the next move is to definitely find a great commercial deal if the one goal I know we have is: do a larger commercial deal. We should fine tune that goal, though.

I've never heard of someone investing in a sober living facility... do you need certain permits for that? Also, do you invest in Oklahoma City? Thanks for your reply! 

@Ryan Mapes good points to consider. And certainly not a bad time to sell either. We already started the refi process and I think we have enough equity and cash to still buy a larger asset than we have now, while still holding on to our two rentals. But I sometimes forget about the 1031 exchange. I'm usually focused on buying and holding. Revisiting goals is a must- thank you! 

@E. C. "Stony" Stonebraker@E. C. "Stony" Stonebrakerwe are interested in dedicating our life to this. I haven't felt this alive in a while, so being active investors is the goal for us. I appreciate your advice! We have our CPA and lawyer in place, and we have had a great experience thus far with both of them. @E. C. "Stony" Stonebraker

It's tough to figure out which type of asset to invest in in CRE (multi vs warehouse vs storage.. etc) and also where to invest. I can certainly focus my podcast listening hours on these types of topics - thank you! 

@Todd Rasmussen wow, thanks for such a thoughtful answer! I think pausing and taking a moment to assess our goals would be really powerful for us. We have talked about it, but it's easy for those goals to change when they are written down and solidified. It's easy to sway when you hear a new podcast each week or read a new IG post each day.. I find myself bombarded with information to the point where it's almost paralyzing. 

I really appreciate you taking the time to respond! Thank you! 

Jeff, I've noticed that apps like DealMachine (which I love!) do not have the most up-to-date data. I use websites like Whitepages or True People Search to double or triple check that I have the right owner information. In addition to mailing addresses for taxes if I'm writing a letter. 

@Todd Rasmussen cash flow will be $500 on one property and ~$1,000 on the other. We are definitely cash out refinancing, my question is: what do we do with the $? And how? Should we use it to put a down payment on a multifamily? Two smaller multifamilies? 

Our goal is to get into commercial deals, and not limited to multi-family per se. I just feel like we came across some capital and now I want to make the right investment.