All Forum Posts by: Ronan Donnelly

@Ron Ripley, congrats on planning to take the big move from employee to entrepreneur. To echo what others have said, getting rid of time consuming, low cashflow SFH's and rolling it into bigger complexes whether as a member of a syndicate or individually is definitely a better way to go. Good luck!

Hi @Carla Marie, congrats on planning to take action towards your goals. In terms of structuring you can figure out how you want the partnership and then you can market it to investors that will likely go for that approach. My experience is that people investing in deals are doing so because they want to get the benefits of real estate investing without all the work and are therefore happy to be passive. Good luck!

Hi @Carla Marie, congrats on planning to take action towards your goals. In terms of structuring you can figure out how you want the partnership and then you can market it to investors that will likely go for that approach. My experience is that people investing in deals are doing so because they want to get the benefits of real estate investing without all the work and are therefore happy to be passive. Good luck!

@Colton Looper, welcome to BP and I think multifamily is a great approach. You can source all the info that you need to be successful here on BP. Apart from that work on getting very clear goals, the mindset you need to succeed, focus on building relevant relationships to facilitate partnering and mentoring and just take massive action. Good luck!

@Tyler Frederick Weese, thanks for highlighting one of the great benefits of multifamily over single family. This is what economies of scale translates into, cost savings!

Hi @Timothy Casallas, once you identify a market you can explore further by drilling down into the demographics like population growth, jobs and wage growth, employment diversity and supply and demand. Much of this info can be sourced from US census data. Good luck!

@Bellman Tumasang, all fees that you read about go to the sponsor, the asset management fee is in addition to the property management costs which are typically paid to a third party. In addition to the fees it’s important to understand how fees are distributed. This is sometimes referred to as the waterfall. A typical example would be to pay investors a preferred return before paying any additional split to the sponsors.

Think of fees as one off (acquisition, disposition), fixed (asset management) and variable, based on performance (the promote).

I agree with @Taylor L., you need to due diligence the sponsor, the market, the deal, financing, the property manager etc. This is not yet an efficient or transparent marketplace so you need to do your homework. Good luck!

@Patty Capson, definitely go for stainless steel, it looks a lot better in the pictures as would a nice finishing touch like a backsplash. Good luck!