UNDERWRITING MF DEALS
Tuesday, May 25
WARNING- I'M ABOUT TO NERD OUT- I think one on the most complex things about multi-family investing is the underwriting . There is many moving parts that needs to be accurate. For example, the market rent comps, rehab cost, and financing are some of the components that need to be accurate and ver...
Adding value to prospective sellers
Sunday, May 23
Half of our company’s mission statement is “we value relationships over transactions “. I received an email from an apartment owner saying that he is planning to unload several of his properties in the upcoming months and he plans to take advantage of the 1031 tax code. So my mind started racing ...
GETTING QUALIFIED APPOINTMENTS
Tuesday, May 18
Based on my experience and talking to other investors, right now is the most difficult time to get a qualified appointment. For our team, a qualified appointment is property that fits our criteria, there is a problem to solve with the decision maker, AND within $30-50k per unit price range. By p...
HOW TO ESTIMATE REHAB COST
Wednesday, May 12
When I first started investing in real estate my biggest concern was estimating rehab cost. I was concerned because rehab cost has so many moving parts and I thought the bigger the number the more likely I would have gotten finessed by a contractor. So my fears made me go into analysis paralysis ...
HOW TO CUT LEARNING CURVES
Tuesday, May 11
Most entrepreneurs fail because they stop growing. They stop growing because they stop learning. They stop learning because they don't surround themselves with people who are further along their journey than they are. For example , I was struggling in two areas of my business recently : 1. Pullin...
YOU MUST STICK TO YOUR CRITERIA IN TODAY'S REAL ESTATE MARKET
Thursday, April 08
The pandemic, inflation, and uncertainty has caused assets including real estate inflated. I feel like the sexy thing to do in 2021 is to be a real estate investor. Combine that with low interest rates and low inventory (soaring prices) is causing people who have no business in real estate to ent...