Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Robert Rixer

Robert Rixer has started 6 posts and replied 342 times.

Congratulations! How long was the seasoning period on these properties?

Post: Have a great deal but no sponsor

Robert Rixer#3 Multi-Family and Apartment Investing ContributorPosted
  • Investor
  • Miami, FL
  • Posts 350
  • Votes 262

Could be 1 of 2 things: either you think they're great deals but they're really not OR they are great deals and these sponsors are going around you to get the deal directly.

There really is no platform for what you're looking for. Reonomy/Costar can aggregate public data and CMBS but that is the extent. What your looking for is private information - unless owners/lenders want to volunteer it, you won't find it anywhere.

Agreed with the above - this forum is good for a lot of questions, but this isn't one of them.

The busiest day is the day you expect it to be quiet! But seriously, 1st of the month +/- 2 days.

$20k/unit alone tells you a lot about the work likely required. Sounds like a very heavy lift for a new investor. Best of luck

Post: Time to move to the next level?

Robert Rixer#3 Multi-Family and Apartment Investing ContributorPosted
  • Investor
  • Miami, FL
  • Posts 350
  • Votes 262

I'll keep it short. If you want to keep it part time, keep doing what you're doing. Why mess with a good thing!

House hacking where you get to "live for free" is near impossible with interest rates right now. My suggestion for your situation is to work hard and save up as much money as you can for a down payment.

Many have stated good answers. I'll add, personally I like to walk areas myself before I invest. There's something about feeling areas out in-person that don't always show up in the stats. Without it, you're really relying on other people's perceptions.

This is where real estate can be more art than science. Typically a 3-bed would have a larger living space than a 2-bed as you expect more people in the household. If you have living area to sacrifice, then a 3-bed could make sense. However if your living area is going to be noticeably tight compared to other 3-bed comps then you may want to stick to 2.