All Forum Posts by: Roschelle McCoy

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Temple Terrace Townhomes and Terrace Hill Apartments is a 40-unit multifamily property located in Tampa, FL. This property has a value-add opportunity to put professional management in place, improve the curb appeal and interiors to drive rents up to market prices while providing solid returns for the investors.The unit mix is balanced with 2 x 1’s and 1 x 1’s. Located close to two theme parks allows for creative rent strategies and multiple exit options. The Tampa market has strong population growth and migration into the area that is incongruent to the number of available housing units, leading to rental growth well above the national average. See the renovation progress here.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Welcome home to these newly remodeled 2 bedroom, 2 bath apartments on a quiet cul-de-sac. Laminate flooring throughout makes for easy care and warm paint colors match virtually any style of decor. Fully remodeled kitchens and bathrooms with stylish cabinetry, counter tops and lighting truly make this a place you'll enjoy coming home to. Each unit has access to a 7' x 7' storage room in the basement and coin laundry machines. This is a smoke-free and pet-free building.

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Peoria.

Each unit boasts 2 bedrooms, 1 bath, large eat in kitchen, spacious living room, in-unit laundry and attached garage. Neutral paint colors and laminate flooring help make the place warm and cozy, all while feeling like a place you want to call home. Located on a quiet cul-de-sac, there are no neighbors to the east of the building making for peaceful days and quant evenings to enjoy the sunset. This is a smoke-free and pet-free building.

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Peoria.

This quaint, all-brick 4-plex offers our residents security and privacy in a serene setting. Each unit boasts 2 bedrooms, 1 bath, large eat in kitchen, spacious living room, in-unit laundry and attached garage. Neutral paint colors and laminate flooring help make the place warm and cozy, all while feeling like a place you want to call home. Located on a quiet cul-de-sac, there are no neighbors to the east of the building making for peaceful days and quant evenings to enjoy the sunset. This is a smoke-free and pet-free building.

@Account Closed - can you be more specific about which aspect of real estate you're interested in understanding?  There are so many different asset classes (industrial, multifamily, mobile home parks, self storage, residential (to name a few)).  Narrowing down your focus to one or two asset classes is a good place to start.  If you have an interest in learning more about syndications specifically I can help.  

 @Danny L. - I am still acquiring STRs because of the incredible cash flow, but no longer investing in SFHs. Too much work for small returns and it doesn't scale like multifamily. One vacancy on your SFH kills 100% of your revenue. One vacancy in a multifamily is a tiny dip in the overall revenue. There's a reason you don't hear people talk about passive investing in SFHs - - because it doesn't exist. :)

Syndications are a great option for completely passive investments.  I'm a limited partner in a few syndications as well as a general partner.  I also own some smaller rentals and short terms that are property managed.  None of those are truly passive because at the end of the day/week/month, etc, there are still decisions to be made, maintenance requests to handle and bills to pay.  Being a limited partner in a syndication is the most hands-off investing there is.  And for me, there's nothing more freeing than knowing my money is working for me while I'm enjoying life.  

Scott brings up some good points, but I know a number of syndicators with great track records that continue to offer investments to non-accredited investors because they are serving a higher purpose: to make investments available to more people so that they can grow their wealth and become accredited. What I love most about REI is the free sharing of information, learning and giving others a 'hand-up' to help them become successful. There are many ways one can do this; having investments available to non-accredited investors is just one of those.

I'm happy to make intros to groups that I invest with that have offerings for non-accredited investors.  

Diversification is an important part of any strategy as many have stated, but you can still be entirely passive (if that's your ultimate goal) and be diverse as well.  Syndications offer great tax benefits in addition to passive income and the ability to diversify asset classes from multifamily to mobile home parks, self storage, RV parks and more.   Returns can be better and more stable than stock / bond investing and the sponsors have a much higher level of control over the outcome of the project (and therefore the returns investors receive) than anyone can get from investing in the stock market. 

Lots of good advice here and I agree it completely depends on what your goals are and how you want to spend your time.  Active investing requires a lot of time and education, some of which can be learned 'on the job' but you want to make sure you have a good knowledge base before getting started.  Passive investing/private lending also requires a certain level of knowledge, but it's more about knowing and trusting the people that you're working with (i.e. lending to) rather than being an expert in a particular market, asset class, handy with doing repairs, etc.  

If you're unsure, try a little of each.  You have a good amount of capital to invest and you should diversify that into multiple investments and can do some active and some passive investing to see which suits your goals better.