All Forum Posts by: Paul Moore

You may want to consider following Michael Blank's stuff on Bigger Pockets and at his website. He has great info on getting started in multifamily. 

First home was purchased on the courthouse steps for $34k. Added $3k and sold for about $60k FSBO in one day the following month.

Hi @Craig Faison!  Happy New Year and welcome to Bigger Pockets.  This is certainly the place to be in your business.  

Welcome to Bigger Pockets, @Samantha Barnes!  There are many great people here and much to learn.  

Hey @Thomas Sutton.  I recommend a recent BP podcast with @Jered Sturm: https://www.biggerpockets.com/renewsblog/bp-podcast-205snowballing-single-family-houses-apartment-complexes-jered-sturm/.  @Michael Blank has also done a lot of great education in this arena as well.  

Welcome to the Charlotte market, @Justin Bilancia.  Great place to do business and enjoy life and family.  

I agree that a great goal is large scale MultiFamily.  I know of no other better way to build long term wealth.  I've flipped over 60 homes, but I don't plan to do any more. And large scale (80+ unit) MultiFamily has significant economies of scale over smaller assets. And weathered the last recession amazingly well.  

Texas sale prices are not a matter of public record.  But as stated above, this means the value could be placed even higher. Arbitrarily.  Then you're on the defense, using the closing docs to prove you paid less.  I agree that you should consult a tax attorney.  

Hi @Adnan Shawkat.  I've been looking around the DFW area in Texas, and like others have said, it is a strong market... and tough to break into.  @David Thompson and I are both putting together groups to passively invest in the DFW area if you are interested in going in from that angle.  

Hi @Betsey Davis.   If your client is selling any large MF in the Atlanta area or other large MSAs, I would be interested.