All Forum Posts by: Osazee Edebiri

Same here. Did anyone find out the unit number?

@Osazee Edebiri With $420,000 to invest you should be making a killing. I would look at taking down a multi-family with a master lease with option to purchase (use the $420,000 for option payment, rehab, and increasing cash flow of the property) or, I would look into the Senior Living Space. Literally no competition, 20% Cash on Cash in California. 

@Osazee Edebiri May be the first step would be to define the exact cash flow you would need to replace your income and then go about ways to implementing that. I would suggest building relationships with active multifamily syndicators. And it might be a good idea to explore up and coming solid midwestern markets to maximize your returns.

Good luck.
 

@Osazee Edebiri

Have you seen this recent forum thread? It starts to give a pretty comprehensive view of what investors should do in a similar situation:

https://www.biggerpockets.com/forums/519/topics/48...

@Osazee Edebiri Sorry for the late reply. I've been moving the past week.

To become financially free there are many vehicles you can use, although it depends on how much work you want to do. If you're looking to scale up in terms of multifamily investments make sure the place you select is somewhere you would like to spend a lot of time. Many startups don't consider the vast amount of time they will be spending in their chosen location when they invest. They simply look at the numbers. Make sure you not only find a location that has decent numbers, but also one that you would like to visit.

@Osazee Edebiri, there are many factors that one has to take into account to answer a question such as "Where can I invest my $X " . In fact should have a blog post on it soon.

Are you looking for an active or passive investment?

Desired returns?

What is your RISK tolerance?

How long can the capital be tied up?

Tax treatment preference?

Accreditation status?

Are you doing a 1031 exchange?

Are these funds from a retirement account?

You seem to have experience in property mgt. Have you considered partnering with others who can bring more capital and purchasing 100+ MF units?

You could buy multi in Sacramento with space to add additional units. I would also think about using the brrr method on on 2-4 units without paying cash. Unfortunately, I don't think speed is an option in the market right now.