All Forum Posts by: Robert Rixer

You can usually tell demand for 1 bedrooms based on the price versus similar 2 bedrooms. If there is a huge differential, it's a good sign the 1's are not in great demand. I've made the mistake in the past of going by self-imposed assumptions but a lot of times they turned out to be false. Follow the data.

Not a total answer but it's often a liquidity issue. Floating rates have crushed some big multifamily syndications of late. Operations and lenders get handled first, vendors typically get pushed to the bottom of the pile. Vendors keep working with the promise that they will get made whole at some point in the near future with a sale, or debt restructuring. I've seen it this year even where a big sponsor wasn't paying anyone for months, gets one big exit and then all of a sudden is the most generous person alive. Everyone forgives and forgets and goes about their business. Wild

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

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

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.