All Forum Posts by: Paul Moore

Welcome, Adam!   I agree with @Alexander Zurn for your initial strategy.  But I agree with @Anton Watt that it would be a worthy goal to work toward multifamily investing.  That is the path I took, and I eventually wrote a book on this exact thing.  Many who are sitting on multifamily fortunes took this path.  It is much easier and usually more profitable to manage large scale multifamily when you can get to that level.  

Hi @Mark Allen.  Please let me know about any large multifamily assets that come on the market.  Thank you.  

My business partner and I just interviewed a guy who invested $1,000 down on a duplex in 1992, and he has traded that up one time after another until now he just sold a 130-unit apartment complex for over $11 Million.  I see the point, but I would start where you are.  

@Jeff Banky.  There are probably many good ones, but I can tell you that Capstone does a fantastic job.  

Hi @Nick F..  What are your goals.  What are you trying to achieve... cash flow, long term growth, or ?  About how much are you hoping to invest? 

@Garrette Becker.  I think you got some great advice here and are on the right path. I would physically go to the target market and align yourself with a property manager and a broker you really trust, and get them looking out for properties for you.  Get the property manager to critically tour any asset the broker comes up with, and ask them to give you reasons not to do it.  And by all means, don't fall in love with any property.  Best wishes! 

Hey @Chris Schoonhoven.  Great question.  I see you are leaning toward SFHs.  Not sure how passive that is, but depends on how you do it.  I have been involved in over 60 home flips, not so much buy & holds, and they didn't feel like passive investments in my case.  

I don't think I could improve on the answers offered by @David Thompson and @Tamiel Kenney.  This is what I would recommend and do myself in your shoes.  

Hi Lauren.  Greenville is a great location. I spent 2 days there this week.  I would contact Michelle Lange at Spectrum.   Tell her I sent you.  If you private message or text me I can give her contact details. 

Best wishes! 

I really like Steve Berges - Complete Guide to Buying and Selling Apartments as others have mentioned here.  Except you need to expand his time horizons b/w deals.  Usually, one year to upgrade, rent, get history and re-sell is unrealistic.  Otherwise a fabulous book.  

Jake and Gino's Wheelbarrow Profits book is excellent as well.  

Well said, @Mark Allen.  This is a good alternative perspective to what we are doing and what I propose in my book.