All Forum Posts by: Zachary Inman

Hi Damon,

Sorry to hear you're having a dispute with the management company. There is no definitive answer to this question, the answer will be in the lease/management contract that the tenant signed. If I were in your position, I would comb through that and find the relevant clause(s). 

Nice, thanks for sharing, Ming. I'm interested to hear what's going on in the Toronto multifamily market!

Hi Jordan,

Indy investor here. I've found that Indy has more Res Multifamily than other similar markets. What makes you think differently?

Automatically add money to an S&P 500 ETF into your Roth at predetermined periods spread throughout the year to surf off both gains and losses. Over a long enough time frame (5-10 years) you'll net 7%-10% yoy gains. Draw tax-free once you're 59 1/2. 

Remove the emotional, human element.

@Patrick Penderel

I love it. Best of luck to you, man!

Hi Nathan, another Indianapolis-based investor here!

Muncie has a significantly larger renter pool because it's a college town, but the PM side is going to be more difficult because most of the tenets will be short-term (and there's a lot of competition). 

To answer your questions:

The best way to get cash is OPM. Syndicate capital from passive investors and you put some skin in the game while putting in a majority of the sweat equity. If that's not your thing, you can always go for a land loan, which is when the seller acts as the lender.

Get an estimate from multiple GCs on the property. A few good GC relationships are worth their weight in gold.

Low barrier to entry, high risk, more returns if successful. Buying in a more expensive area will typically yield safer but lower returns. What you want to do is isolate to a specific area, become an expert on this area (aka know each street, know the neighbors, know who owns the real estate, etc), and then it will greatly increase your chance of finding a good deal. Going too broad leads to analysis paralysis and lessens your ability to turn over rocks for off-market assets. I've done this on the near west side of Indy, which as you know isn't exactly Carmel or Zionsville, to great success. 

Stick to the rental growth fundamentals:

Good schools, diverse jobs, lifestyle amenities. 

@Chris G.

Sounds like a good approach. Most college students find housing on Zillow, Realtor, etc. 

Another avenue would be to partner with an agent (or a low-fee brokerage) so it shows up on the MLS - online sites typically give agent listings priority, unfortunately.

Hello, Bigger Pockets family!

The title says it all. What are your real estate investing goals for 2022? 

Hmm, shared spaces typically aren't a huge deterrent for collegiate tenets. What are your current marketing strategies?