All Forum Posts by: Pamela Villa

@Paul Schaefer

I've met some of the agents at Crestcore Reatly in Memphis. I haven't used them to do any transactions but they are highly knowledgable about the market and understand historical trends. They did a video you should check out that details pros/cons of several Memphis zipcodes depending on your desired level of involvement in managing the day to day. I'm sure you know Memphis quite well but may still find some good advice from a real estate perspective. 

https://www.youtube.com/watch?v=XwTDbZfem9A

@Kevin Mehner

Check out the episode below- tons of actionable advice. There is another BP episode that would be relevant; I'll try to find it. 

https://www.biggerpockets.com/blog/biggerpockets-podcast-308-from-0-to-400-units-3-5-years-sterling-white

@Omer ZulfiqarI liked The Best Ever Apartment Syndication Book-- it gives a great high level view of MF value-add investing while breaking down important concepts and actionable steps. All of the Fairless books are great... I'm now reading Best Real Estate Investing Advice Ever. If you have a lot of funds, you may also want to consider investing in MF passively as an "active" passive investor so you can learn in a more hands-on way beyond books (which are valuable in their own right, but mixing up your approach may reduce blindspots further).

What @Tj Hines said. @Kevin R. -- If networth/liquidity pose an issue, find a partner with the networth that would be willing to go in with you. 

@Timothy Valley some great advice already provided above. I can't stress enough how important it is to set some goals and tie them to where you see yourself in a few years. Shiny object syndrome is real. Once you have an idea of what you want to pursue (and why), you will need to identify partners with experience, which should not be difficult if you can bring capital to the table. 

Hey, @Pedro Amador. You'll need relationships with brokers, which might take some time and typically requires some level of credibility or experience. Finding MF deals (especially big ones) truly revolves around knowing brokers or other partners (property managers, etc) on the ground with access to information about when apt communities go on sale. 
Depending on your experience and strengths, you could also consider a) partnering with other active investors with different expertise areas or b) passive investing. There are active MF investors willing to educate investors who invest passively with them. This is the route I've taken and it's going well so far! Let me know if you have any other questions, happy to help.