WHY 2022 IS MORE IMPORTANT THAN EVER TO STICK TO YOU NUMBERS
Wednesday, March 09
It is more important than ever to underwrite deals conservatively and stick to your numbers in today's market. The federal government printed so much stimulus money that society is paying the price of inflation. With so much money floating around in the marketplace, people are looking for assets ...
LOOK FOR THIS MAJOR RED FLAG IN INVESTOR'S UNDERWRITING
Sunday, March 06
One of the biggest red flags is if the investor thinks they can raise the rent of all the units in year 1 (especially if the property is a mid-size or large-size property). This is impossible. The property manager cannot raise rents from day 1. The property manager needs time to adjust to the pr...
LOOK FOR THIS MAJOR RED FLAG IN INVESTOR'S UNDERWRITING
Sunday, March 06
One of the biggest red flags is if the investor thinks they can raise the rent of all the units in year 1 (especially if the property is a mid-size or large-size property). This is impossible. The property manager cannot raise rents from day 1. The property manager needs time to adjust to the pro...
The importance of teamwork
Thursday, March 03
I am taking the Biggerpockets multifamily bootcamp and I am learning so much. There are four parts to any real estate business. Here are the positions of a real estate business: Hunter (acquisitions)- market expert and deal hunterThe money- private money-raiser and coordinates lenderThe brain- th...
LOOKING FOR THE RIGHT SPONSOR IS MORE > LOOKING FOR RIGHT DEAL
Thursday, February 24
If you are thinking about passively investing in a syndication deal, choosing the right sponsor is more important than the actual deal. The most obvious reason is you want to make sure you are not investing your hard-earned money with a criminal who will take your hard-earned money and run. Now l...
should you take a personal loan to invest in someone else's deal
Friday, February 18
I have heard several people ask if it is good to get a personal or business loan to invest in somebody’s syndication deal. Even if you are investing with a trustworthy syndicator, I will explain why taking a loan to invest in someone else’s deal. Let’s look at things from a macro level. For the l...