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All Forum Posts by: Orlundo Hubbard

Orlundo Hubbard has started 8 posts and replied 30 times.

Quote from @Aaron Gordy:

@Orlundo Hubbard What is your experience with commercial properties? In other words, what do you bring to the table for investors to back you? 


 I've been under the impression that a good deal makes all of the difference. Am I wrong for this thought process?

Quote from @Jordan Moorhead:
Quote from @Orlundo Hubbard:
Quote from @Chris Seveney:
Quote from @Orlundo Hubbard:
Quote from @Chris Seveney:
Quote from @Orlundo Hubbard:

Hey y'all! Orlundo from Austin, Texas! I have a hyper-focus on raising a fund to buy commercial properties and I was wondering what you all suggest the first step to take would be. 

I've heard the first thing that I should have my attention on is finding a good deal. Also, is no money down really something that is possible?

Thanks!


 First step is to have 5 years+ of experience in buying, managing and selling commercial properties. You can get that experience by working for a commercial real estate developer / owner / operator


 So, there's no way I can start on my own? Even if I have good deals?


 you can try, but I can tell you people who have been doing this for 20+ years also have really good deals and are struggling to raise money right now for deals, and they are also contributing a significant amount of money to the deal. 

I always use the airplane example - would you fly in a plane wiht someone who has never flown before even if they say "I have a good plane". you mayhave good deals, but how do you manage them? Not being a pessimist being a realist as you can find 10 gurus who will charge you $10k to tell you how easy it is, but its not.


 Gotcha. Yeah I’ve heard how hard it is to raise money right now. But, I’m not looking for easy, I’m looking for possible. Not really concerned with how long it takes, I plan on doing this for good no matter how long it takes.


 How many deals have you done on your own? I think proving the concept with your own capital is extremely powerful.


 Totally! That makes a lot of sense. I'm currently wholesaling right now. But, I'm looking to buy and hold to build more of a track record.

Hey everyone! I'm looking for an investor-friendly buyer's agent in Austin, Texas who could assist me in finding a 4 - 9 unit multi-family property. 

Thanks y'all!

Quote from @Chris Seveney:
Quote from @Orlundo Hubbard:
Quote from @Chris Seveney:
Quote from @Orlundo Hubbard:

Hey y'all! Orlundo from Austin, Texas! I have a hyper-focus on raising a fund to buy commercial properties and I was wondering what you all suggest the first step to take would be. 

I've heard the first thing that I should have my attention on is finding a good deal. Also, is no money down really something that is possible?

Thanks!


 First step is to have 5 years+ of experience in buying, managing and selling commercial properties. You can get that experience by working for a commercial real estate developer / owner / operator


 So, there's no way I can start on my own? Even if I have good deals?


 you can try, but I can tell you people who have been doing this for 20+ years also have really good deals and are struggling to raise money right now for deals, and they are also contributing a significant amount of money to the deal. 

I always use the airplane example - would you fly in a plane wiht someone who has never flown before even if they say "I have a good plane". you mayhave good deals, but how do you manage them? Not being a pessimist being a realist as you can find 10 gurus who will charge you $10k to tell you how easy it is, but its not.


 Gotcha. Yeah I’ve heard how hard it is to raise money right now. But, I’m not looking for easy, I’m looking for possible. Not really concerned with how long it takes, I plan on doing this for good no matter how long it takes.

Quote from @Chris Seveney:
Quote from @Orlundo Hubbard:

Hey y'all! Orlundo from Austin, Texas! I have a hyper-focus on raising a fund to buy commercial properties and I was wondering what you all suggest the first step to take would be. 

I've heard the first thing that I should have my attention on is finding a good deal. Also, is no money down really something that is possible?

Thanks!


 First step is to have 5 years+ of experience in buying, managing and selling commercial properties. You can get that experience by working for a commercial real estate developer / owner / operator


 So, there's no way I can start on my own? Even if I have good deals?

Hey y'all! Orlundo from Austin, Texas! I have a hyper-focus on raising a fund to buy commercial properties and I was wondering what you all suggest the first step to take would be. 

I've heard the first thing that I should have my attention on is finding a good deal. Also, is no money down really something that is possible?

Thanks!

Quote from @Connor Hibbs:

Hi Orlundo, Welcome to Bigger Pockets! If you have any questions about getting financing for your properties, please feel free to reach out to me as I'd be more than happy to help.


 Thanks, Connor!

Quote from @Jordan Moorhead:
Quote from @Orlundo Hubbard:
Quote from @Jordan Moorhead:

@Orlundo Hubbard welcome! I think you'll find that's a unique range and won't have as much competition. What's your experience investing so far?

 So far, my main background is in wholesaling. I've been wholesaling off and on since 2018. Now, I'm looking to dive a little bit more into the buy-and-hold strategy.

Could you expound more on what you mean by not having much competition on 4 - 8 units?


 Most people want bigger or smaller due to commerical financing 


 I see. I noticed that you're an agent in the Austin area. Do you do any multi-family listings?

Quote from @Jordan Moorhead:

@Orlundo Hubbard welcome! I think you'll find that's a unique range and won't have as much competition. What's your experience investing so far?

 So far, my main background is in wholesaling. I've been wholesaling off and on since 2018. Now, I'm looking to dive a little bit more into the buy-and-hold strategy.

Could you expound more on what you mean by not having much competition on 4 - 8 units?

Hey y'all! I'm a new investor in the Austin, Texas market and I'm looking to connect with other investors in the area! I'm currently interested in raising a fund to buy multifamily apartments. My current focus is B or C-class properties, 4 - 8 units. I'm extremely new to multi-family investing so I'm here to learn from you all!