All Forum Posts by: Zachary Inman

B+ to A Multifamily. Great returns, lower risk, and superb tax benefits. The only problem is finding a good deal because multifamily is so hot right now. 

Spend the first year reading, listening, and networking. Build habits to do a little every day. 

Welcome! Good listing photos are your best friend. If you get them to fall in love with the unit before they even visit it, they will be looking for reason to like it instead of a reason to not. 

Also, bathrooms and kitchens are the highest "roi" areas to update/clean. It makes the whole unit come together and gets higher rents. 

Nassim Nicholas Taleb's works speak about this very subject. The truth is, we aren't going to be able to predict an unpredictable event. However, knowing that it is inevitable allows us to plan and make our businesses antifragile. 

@Dmitriy Fomichenko Thanks for the correction, Dmitriy! That's some very valuable info about SDIRA/401ks. 

Without knowing the details:

1 nicer house: lower risk, lower returns, less work

2 less nice houses: higher risk, higher returns, more work

*this is an oversimplification, but gives you a general sense. 

Run comps in the area. There are many guides online about how to compare different valuation methods, take into account differences in the houses, and get an estimate. The "quick and dirty" way is to look up similar floor plan houses that have sold in a 1-2mi radius in the past 2mo (or with the current market, 2 weeks lol). 

It depends on your investing goals. As an active investor, it's rarely "sitting back and collecting cash flow," even with a good PM. I think the best mindset is to think about it like starting a business. You're going to have boots on the ground people keeping the properties running, leasing agents, property managers, etc., and it's your job to helm the ship... which is almost never an entirely passive activity.

If you're looking to leverage another operator's experience/time and collect a check in the mail every month, then passive investing through real estate syndication is the way to go.

Usually, a mutual release is preferable for both parties, just have a conversation with your agent then the seller/list agent. It's typically worse for them to drag out a legal battle because the longer it goes on, the longer the house can't be relisted. 

You're on a real estate forum, so of course, I'm in favor of less speculative, tangible assets - and bitcoin is on the opposite end of the spectrum. Sure, throw in some capital from the high-risk end of your portfolio, but to have a 30yr mortgage that is based on bitcoin seems to counter to the low-risk benefits of real estate.