All Forum Posts by: Stephen Brown

Hello All. I'm headed down to Huntsville and Cullman, Alabama in June and I'd like to network with as many folks as possible. I'll be there June 23rd - 25th. I'm buying multifamily in the area and I would be open to wholesaling as well.

0 Votes

Huntsville, Alabama

@Todd Dexheimer has a multifamily mastermind group. There's also many more like Jake & Gino. Make It Happen. & More

1 Vote

Quote from @Shital Thakkar:

Hi @Stephen Brown, i build small multifamily (30 - 60 units) in DFW market.

There is very good demand of boutique apartments and easy to find land with zoning in this category.

You are not competing with instituitional investor, easy to raise capital and quick projects.

As @Tyler Peitzmeier said, easy hedge against inflation for small group of investors.

@Myles Johnson, lets connect if you like to discuss TX market, i am building in DFW market.

@Kyle Kovats, your point is valid regarding management. we try to make 2-3 small building in proximity to have common management

Love Dallas!

0 Votes

Toledo, Ohio

Quote from @Kyle Kovats:

I've actually had questions about this space as well. It's tough from a mgmt standpoint. 20-80 units is big enough where you probably could use a manager but small where it might not work financially to have a full-time leasing agent/maintenance man. Unless of course you have a nearby similar sized property and they can share a maintenance tech.

To others points, I've felt this is a niche where it's too big for mom and pop and too small for syndicators. My concern is just the mgmt aspect. I have the money to buy a 20-80 unit myself without having to syndicate but I always wind up going the syndicate route because frankly the bigger the property, the easier it is the manage from a leasing agent/maintenance staff perspective and also of course diversification perspective.

Would love to hear from others who are crushing it in this space and what your takeaways are on how to duplicate your success.

I know one guy who kills it here in Toledo. I'll see if we can connect with him. I feel like you need multiple to make it happen!

0 Votes

Toledo, Ohio

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $9,550
Cash invested: $500
Sale price: $33,000

I called up a guy who simply wanted out of his rental. I bought it and sold it to a different real estate agent here in Toledo. I paid $9,550, fixed up the floors for $500, and then sold it for $33,000.

1 Vote

Quote from @Paul Moore:

@Stephen Brown. I can’t help you personally but I think you are on the right track! These deals are too large for most individual investors, but too small for most syndicators. I think there could be an opportunity here especially if you find one that has been overlooked by others. Feel free to reach out to me and I’ll send you a free copy of my e-book on multi family investing if you think it would help. Good luck!

I'd like to speak with you sometime Paul about my scenario. I'd like to scale pretty quickly and I'm in the position to do so. I'm just not sure if I should go the larger syndicating route or stick with my smaller stuff for now. I've been thinking about going into other markets and I'm looking at industrial investing too. So I'm looking at small multifamily, large multifamily, industrial properties and now I'm even considering new markets... I know I need to focus on one thing but I feel like the bigger the better and I don't want to place on myself that limited mindset that most investors have claimed to have in the past before they grew and got into positions where you are now.

1 Vote

Toledo, Ohio

Quote from @Tyler Peitzmeier:

This is a super competitive niche is the markets that I am investing in right now. I think any niche is so competitive as there is so much money looking for a hedge against inflation and all niches of real estate provide that. My advice to make sure you have a crystal clear investment criteria and bulletproof underwriting. I am still seeing plenty of deals that are coming to market that others are missing.

I am battling with this. I want to do small mutlis, mid sized, and industrial and I am also someone who always question himself so I analyze everything to the core. Any advice?

0 Votes

Toledo, Ohio

One way to go is to buy a lot of cheap properties in cities like mine, fix them up with a partner who has a lot of cash and rent them out. Afterwards you get a portfolio loan on them and go to larger units. That's what people do here at least.

1 Vote

Investment Info:

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

Purchase price: $265,000
Cash invested: $87,500

I cold called a lawyer and he wasn't much of a Landlord... I ended up buying his place for $43,000 under market value. His rents were very low but he put a lot of work into the property so it was mostly turnkey. I doubled the rent on one unit after the tenant left and increased the others by 200-400 dollars.

3 Votes

Being an agent is tough but I got to say if it fits your personality type it most certainly opens doors. It allows you to network easily and gives you the ability to find the people to help scale and build your team. However expect to have interruptions to your investing career to assist clients.

1 Vote

All Forum Posts by: Stephen Brown

Stephen Brown has started 72 posts and replied 992 times.

Post: Headed to Huntsville

Post: Looking to join mastermind

Post: Mid-Sized Multifamily Investors

Post: Mid-Sized Multifamily Investors

Post: Flipped without rehabbing in Toledo

Post: Mid-Sized Multifamily Investors

Post: Mid-Sized Multifamily Investors

Post: How people scale at a fast rate

Post: First 4 Unit in Toledo!

Post: Becoming a Real Estate Agent as a Stepping Stone?