New Investor

General Real Estate Investing
1

I’m very new to the REI site and have been searching for information. I currently work overseas and have an address in Florida. I’m looking to invest in multifamily units but open to suggestions. I have about 100k to utilize and do not have a specific area that i’m looking at. Curious to see what areas are more looked at based off everyone’s opinion here. Hope you guys can help ! Thanks in advance

2

Few points that we have to look for investment in multifamily unit:

  • Identify your venture methodology

  • Build a system of assistance

  • Select properties that have fundamental worth drivers

  • Know your administrative limitations and necessities

  • Gather and survey reports, examinations, and exposures

-Inspect the property and meet the occupants

3

I personally would consider investing in debt instruments such as notes on mobile homes and 1st & 2nd mortgages on real estate. If you keep your LTV in check, your yields can and will be high. Also, this would prevent you from being a landlord from such a long distance which will become problematic.

Buying notes/mortgages is a great plan of investment but there is lots of competition…that is why I create notes at much higher yields to resell…there is no competition for me or my deals.

With $100k, one could acquire homes/mobile homes/mobile home and land packages at a substantial discount, resell at full retail with owner financing, and result in owning fully secured notes/mortgages of $150k to $200k at 10-12% face of notes…plug back in your $100k minus down payments received, you are likely to net 40% on the remaining funds, as ‘the bank,’ with no property management issues like fixing toilets.

Then, continue reinvesting payments and down payments received in same transactions and at 40%, the rule of 72s says your money will double every 1.8 years.

Hope this helps.

Rob

4

Property Investment is not so much easy. That is the reason people hire property managers.
Who will be not only secure you investment but they will take care of your property also.

5

Rob, has anyone told you lately, that you’re awesome?

6

Been very quietly investing at 15-18 percent since 1988…the fule of 72 WORKS!!

7

Jay…you are way too kind! Just following your lead.

Rob