All Forum Posts by: Ameet Mehta

Read more about Texas, Opportunity Zones, and Underwriting Secrets shared by Top Industry Experts in the Real Estate Syndication Round-Up!

https://www.biggerpockets.com/member-blogs/12047/85048-real-estate-syndication-may-round-up

This is the first round-up and would love some candid feedback as well!

Ameet Mehta | Partner | SyndicationPro

@Annie Irizari - Starting with a Duplex in the area that you are in or someone close to you is in - is the right first step. To get to a 100+ MF - you'll need to show lenders, investors, and other partners that you have the operational chops to make it happen. 

On the Investor side, have you begun making a list of potential folks who can invest with you - even in this duplex? 

Opportunity Zones were created by the Tax Cuts & Jobs Act mainly to spur investments in areas that need significant economic revitalization.

Investors with capital gains because of inheritance, divestment of stock, or other capital events can defer or reduce their tax liability by investing in Opportunity Funds. You can view a list of Opportunity Zone areas on the CDFI website and a list of Opportunity Funds at https://opportunitydb.com/funds/ (created by @Jimmy Atkinson).  If the QOF investment is held for longer than 5 years, there is a 10% exclusion of the deferred gain. If held for more than 7 years,  there is 15% exclusion on the deferred gain. 

You should refer to the IRS Website for more information: https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions.  

What is your purpose? Are you looking to make an active or passive investment?

Best,
Ameet Mehta
Partner @ SyndicationPro

Hi @Travis Anderson - @Jacob Blackett, my partner at SyndicationPro, is out of C-bus! He has been a pretty successful investor and currently has 500+ units under management. You may want to reach out to him to learn more about Columbus and investing in the surrounding areas in general!

Ameet Mehta, Partner
SyndicationPro

Hi @Brandon Hall - Along with the area, the first question you really want to ask yourself is if you are looking for a Core or Value Add Property. That's one of the first pieces that should be part of your due-diligence matrix. 

If it is Value Add ( i.e. B or C Class Properties), you can look at Opportunity Zone Areas - the tax benefits are pretty decent especially when investing in multi-family because 5+ years of hold time is not uncommon. There are a bunch of areas that are in the opportunity zone that actually have been gentrifying/revitalizing with increasing job growth - In the East Coast - Brooklyn & DC come to mind. Both places have had tech job growth - leading to both high-income earners and middle income earners move into these areas. 

If you are looking at the South, The Texas Triangle is probably the hottest market. Construction from the most active developers is the highest in Houston and Dallas and there are several Opportunity Zones in those cities as well.  If you would consider West, Oakland and Portland are pretty decent markets too. 

If the the target is a Core Property - it's honestly less about the market and more about finding the right deal. The market has more potential buyers than sellers. Finding a deal is going to be HARD!

So as long you find decent CAP Rates, rents that are not on the highest in the neighboring area, and the P&L has all the expenses accounted for (ensuring its not under-insured etc) - you should go for it!

Are you looking to put in your own money or are you doing a doing a Syndication?

Ameet Mehta, Partner
SyndicationPr

@Alina Trigub it's more of a direct competitor :-)

@Alina Trigub - Thanks for getting back! Our main objective is to allow syndicators to scale their operations and also look/act more professional and institutional. 

We followed the lean startup approach to build Syndicationpro.com and were able to secure clients via our visual prototypes!  Our biggest differentiation is user experience, onboarding time, and off-course affordability. Most syndicators that have under $50mm in mgmt are more or less priced out with the current market leaders (IMS, Juniper Square).

In just a matter of 3 months, we have closed several clients who have already raised $20mm in capital through our platform. 

@Rick Novotny - Have you considered syndication? Your background seems solid for investors and lenders to back you. Colorado is a pretty hot market that you should be able to provide decent returns for investors. 

@Rick Novotny - Have you considered syndication? Your background seems solid for investors and lenders to back you. Colorado is a pretty hot market that you should be able to provide decent returns for investors. 

@Shane Thomas Will the event he streamed online? If possible, that would be awesome!