All Forum Posts by: Ronan Donnelly

Hi @Jeff A., the easiest way to do this is to estimate how much the electricity bill would be and to just add this to the rent that you charge. You will need to ensure that this rent is still competitive and if not you might find it worthwhile to install separate meters. Good luck!

Income from holding notes comes through as ordinary interest income. Owning physical real estate gives you the benefits of long term capital gains, depreciation, leverage, 1031 exchanges etc. f you want the benefits of physical real estate ownership and for it to be passive you should consider investing in a syndicate. Good luck!

Hi @Stephanie Sicard, If you want to start with multifamily, which you certainly can, don’t let the opinion of one self interested person get you off track. Better to find a broker who can actually help you achieve your goals, rather than one who asks your to confirm to what they can offer.

As others have posted, you can manage your risks by doing inspections etc. Multifamily will help you to scale more quickly than other strategies and demographics are in your favor with increasing numbers choosing to rent rather than buy. Good luck!

Great advice and for me the key is just to take action and buy a place. By doing so you will accelerate your learning and have a solid basis for assessing how well your brokers, contractors and property managers perform. Keep an abundance mindset and recognize that you always have lots of options to select from for your key team members. Good luck! 

@Jacquelyn Dockery, I would recommend investing some time up front to understand your unique skills and constraints and then try mapping those to a specific strategy that is the best fit. Once you have done that you should go deep on studying that subject, building relationships with active investors in that space and ultimately look to get your first deal done. Things will move a lot more quickly after that. Good luck

Hi @Wilfredo Corral, when you say that you are a semi-experienced investor looking to scale up can you clarify what the constraints that you care most about solving are? That might help the audience to provide more focused guidance.

I’d say trust the broker for their area of expertise and look elsewhere for expertise on financing. Every dollar counts with multifamily so why not invest a little time up front to get the best rate for you. The best rate doesn’t always mean the lowest rate, it just depends on how long you plan to hold the loan for, whether or not you want to be able to pre-pay without penalty,etc, etc.

Hi @Anna Dyal, looks like you should definitely try another mortgage broker, preferably one who is familiar with financing investment real estate.

Just like investing in larger commercial deals, they have economies of scale so it’s likely that it’s also more efficient to wholesale larger deals over smaller ones

@Ira Sullivan, I agree with @Carl Millsap, value them separately and then possibly look for some kind of discount overall for the convenience that you are offering to the seller I.e. one buyer to negotiate with and ease of 1031 if the seller wants to roll all of the units into one other deal. Good luck