All Forum Posts by: Aaryan Patel

What is IRR?? How can I understand that complex formula?? I know that it is a rate of return that factors in the time value of money, but still don't get it.

What is a master lease? Is it easy or hard to acquire? In what situations would you use a master lease? 

If you buy for long term, and cash flow, it doesn't matter too much what time you buy in the market. Make sure to underwrite deals conservatively, and see if you can hit your target returns. Love the idea of a house hack, and the FHA loan is also amazing! It's about time IN the market, not about timing the market!

Best of luck! 

Yes, definitely read Joe’s book on at syndications. He goes in depth on everything to do with syndications, and probably the best book at least that I know of about syndications. You will learn how to find investors, start your brand, how to communicate with investors, how to find/underwrite/negotiate/close on deals, and more! 

Yeah I found that biggerpockets is a great source to get a foundation in real estate.  I have already read the book on rental property investing (very good book), and I have also read both volumes of multifamily millionaire. I love the idea of starting to underwrite deals though, but how will I find deals to analyze and find the rent rolls and T-12s for? 

Thank you! Will definitely check out the forums and start to build relationships! 

The typical splits are 70/30 with LPs getting 70.  It can be different for every syndication though.  There are other fees to structure as well such as the acquisition fee.  And yes, usually investors are for raising the downpayment on a syndication.  Lastly, you are correct, usually you keep some money for reserves and pay investors their preferred return.

Having a good agent/broker is always a high priority and great tool for finding and negotiating deals.  Having strict criteria can help you and your broker find deals for you much easier.  On market deals today will mostly not be very good, so off market may be the way to go.  

One way to find off market deals are through a direct mail campaign.  Try your best to find motivated sellers, and follow up with them unless strictly told otherwise.  Owners who have evicted multiple tenants may be motivated to sell their property.  

Another way was basically what I already said with the broker finding you deals.  Other members of your team can also be a great source such as your property manager and mentor.  This is why it is very important to build solid relationships, so they will actually give you leads.

I have also heard of trying to purchase another property in a surrounding area for every on market deal you come across.  You would be purchasing two properties instead of one, and the off market property will give you more cushion to offer more on the on market one.

I am only 14 years old, and my goal is to own many commercial and multifamily properties making up hundreds or thousands of units. Should I close on my first deal in college? Should I wait until after college? What type of property and financing structure would best put me on the way to achieving my goals? Syndication? Hard money? Seller financing? Bridge loan? A BRRR possibly?

@Dan Sheeks Do you think its possible that I can bring friends to the zoom call link you had sent me??