The Group CRE’s Post

If you work a 9-5 job, you should consider investing in a multifamily property. That way you can house hack and live in one unit while you rent out the others. This is a great way to enter the investing game and build passive income while securing your financial future. #realestateinvesting #9to5 #investmentproperty #michelettimedia

👉Are you interested in investing in Real Estate? Buying a MultiFamily Properties might be the best option for you! 💯 Multifamily is currently the highest performing of all asset classes. “As of the third quarter of 2022, multifamily vacancies are at 4.4%—a five-year low,” said Victor Calanog, Head of Commercial Real Estate Economics at Moody’s Analytics. Contact us if you have any questions or concerns: P: (310) 634 9446 E: [email protected] . . . . . #investment #realestateinvesting #multifamily #multifamilyrealestate #multifamilyhousing

What does it take to get into real estate? There are so many paths to get into the business. Investment Sales Agent Leasing Agent Capital Markets Analyst Acquisitions Analyst Asset Management Analyst Portfolio Management Analyst Business Intelligence Analyst Property Management Title & Escrow Officer Junior Appraiser Construction Superintendent Subcontractor -- plumbing, curbing, framing, electrical, etc. Some people go out on their own to form great companies in any one of these areas. On the principal side, they are excellent relationship builders and are able to raise money from HNW individuals to buy assets and split the profits with their investors. These folks get their start by: 👉Starting in one of the above, learning their craft, and then raising money to do it themselves. 👉Learning applicable skills in an alternate career and transitioning to real estate over time. 👉Very few (in my experience) actually come from big family money. Those that do usually don't know how to successfully operate real estate assets without prior experience. ------------ I am learning my craft. I have been in core and value-add acquisitions for 3 years and ground-up development for 2 years. I have done both of these from the sponsorship and limited partner side. These years have taught me 👉Be in the right place at the right time 👉Surround yourself with smart people 👉Confidence matters. Stay humble, especially when following lesson #2 👉If you don't know, don't make something up. People in this business can see right through fake confidence. 👉On the real estate side, I can confidently value existing buildings and the residual value of land 👉Cap rates have a tight correlation with interest rates, but are also influenced by capital flows. Real estate is a great place to park funds due to its inflation-hedge characteristics. A 5% cap today may be an 8% in-place cap in 5-7 years depending on the sponsor's business plan and strength of the market. 👉A good broker is worth their fee. Daisy chains... not so much 👉Never get complacent. Always seek to improve Where did you get your start? #realestate #getstarted #progress Photo: Luma Headwaters – Orange County, FL

🏡 Your Key to Real Estate Success 🗝️ | Guiding you through the Property Market 📊 | Unlock the Right Approach to Real Estate & Investments 💼 | Let's Make Your Dreams a Reality! 🌟 #estateagents #careeropportunities #careergrowth #hiring #realestatesuccess #realestateapproach

🏡 Your Key to Real Estate Success 🗝️ | Guiding you through the Property Market 📊 | Unlock the Right Approach to Real Estate & Investments 💼 | Let's Make Your Dreams a Reality! 🌟 #estateagents #careeropportunities #careergrowth #hiring #realestatesuccess #realestateapproach

The 6 key advantages of investing in multifamily properties vs. single-family: 1. Economies of scale: Lower maintenance and management costs per unit. 2. Diversification: Multiple income sources reduce risk. 3. Stable cash flow: More consistent income, even with some vacancies. 4. Scalability: Greater potential for growth and leverage. 5. Professional management: Option to outsource day-to-day administration. 6. Higher potential profitability: Better long-term returns due to the above factors. Are you considering investing in multifamily properties? Share your thoughts in the comments! #RealEstateInvestment #MultifamilyProperties #SmartInvesting

What's your experience with remote real estate investing? Northeast Private Client Group is currently marketing a 22 unit building for sale with double digit returns and huge upside, but here's the catch: it's located in Cleveland Ohio (sorry to anyone in Cleveland reading this). While many of you might say just buy the deal and hire a property manager, it's not always that simple. Heavy scrutiny during the underwriting process will certainly help to make sure you see a strong return on the investment, but it can't account for everything. That's not to say it can't be a lucrative avenue to explore, but to the rookie investor it is a risky play especially as your first investment property. #realestate #commercialrealestate #realestateinvesting

🏡 Your Key to Real Estate Success 🗝️ | Guiding you through the Property Market 📊 | Unlock the Right Approach to Real Estate & Investments 💼 | Let's Make Your Dreams a Reality! 🌟 #estateagents #careeropportunities #careergrowth #hiring #realestatesuccess #realestateapproach

🏡 Your Key to Real Estate Success 🗝️ | Guiding you through the Property Market 📊 | Unlock the Right Approach to Real Estate & Investments 💼 | Let's Make Your Dreams a Reality! 🌟 #estateagents #careeropportunities #careergrowth #hiring #realestatesuccess #realestateapproach

8 biggest mistakes Multifamily landlords make when hiring a new property manager.*   1.      Not having a detailed job description 2.      Hiring a company with the wrong mix of service 3.      Not hiring for the future or the new business situation 4.      Hiring someone with the wrong or limited tech skills 5.      Someone who is a poor communicator and has weak people skills. 6.      Not professional enough, treats the role like a hobby. 7.      Not paying them well enough and ensuring the property management fees you pay are competitive. 8.      Not using a strategy to assess the prospect's skills. Can you think of any more? * (The topic of discussion in our Real Estate Mastermind last night) #Brand30 Day 7/30