Re:Ask HN: What is your passive income 2019?
by Schweigi on Tuesday October 29, 2019 @02:54PM
(#21390745)
Sure! Send me an email, address is in my bio.
The sponsor/operator is definitely the most important thing. I would argue even more important than the property itself. Thats also why I don’t like to invest in REITs as its not clear who manages those.
I would rather find some sponsor who would like accept a more limited number of accredited investors with whom to build a long-lasting relationship (ideally for decades and many deals), and in exchange I would be happy to invest larger sums of money (e.g. 50-100k per deal?).
I am asking because, if you are contemplating buying your own apartment complex, you definitely know what you're talking about and might be able to give me some very valuable advice :-)