All Forum Posts by: Anthony Chara

Continuing our Luncheon theme of diversification and investing in a High Inflation and Rising Interest rate environment, we have a special guest joining us for this month's Apartment Investor Luncheon. Dana Samuelson with American Gold Exchange.

It doesn't do you any good to just sit on the sidelines and wait. You should keep your money moving as much as possible. Dana is an expert in precious metal investing with over 4 decades of experience thru all kinds of market cycles. He'll tell you what you should do in those different cycles from when to consider getting into precious metals to selling and moving to a different asset class like RE.

Join us for what's going to be an awesome virtual luncheon with lots of other like-minded investors.

Remember, after we finish up with our Guest Expert, Dana Samuelson, stick around for our nationwide networking. You'll be able to tell everyone watching live or on the recording, who you are, what you do, what you need, what you can offer others and/or any deals you're working on.

Talk to you on Tuesday, November 15th. The live virtual webinar starts at 1pm ET/10am PT.

Sincerely,
Anthony Chara
Success Classes, LLC
303-745-5525

What would you like to know @Eva Brock? Here's a link you can use to read more about my courses. Once there, click on the Education tab.

Who's offering the financing? The seller or a bank? What are the rest of the terms? Interest rate, AM period, I/O, adjustable?

What type of MF/how many units? Will you be moving into one of the units?

As far as what I think about the funding option, it sounds great, but it all comes down to the term info you provide from my questions above and the cash flow the property will generate. Is it enough to pay the mortgages, taxes, insurance, PM, repairs and maintenance along with leaving you a nice cash flow to take care of Capital Expenses and put money into your pocket?

Hey @Jay Ben, I'm assuming you're looking at apartments since you posted this here. Besides reaching out to @Steven Foster Wilson who sounds like he has an awesome report ranking A-F areas, you should check in with the Apartment Association.

Other sources are Berkadia which puts out a report recapping the past year and forecasting the coming year for most major markets. IRR also puts out some market data called their Market Viewpoint along with the Daniels School of Business at Denver University. Scroll down almost to the bottom of the page in the Daniels link above to find their reports.

Remember to join us live in-person in Denver or via Zoom during our September Luncheon & Learn when we host David VanSteenkiste and learn about how to make passive income with land. (p.s. There's no selling at our Luncheons so don't think we'll be pitching you a course at any time.) That's Tuesday, September 20th, starting at 1pm ET/10am PT.

David will be showing you how you can find & 'flip' a piece of cheap land for a good return and how to split a piece of land and sell off the parcels to make some even better returns. He's done over 300 transactions so he knows a lot and can show you the pros and cons of investing in raw land. In case you haven't heard, they're not making any more land!!! Learn from a Land MBA how to do it the right wa

With no tenants, toilets or contractors you can learn to:

• Add an additional 6-7 figure income stream to your investing tool box
  
• Learn how to find deals for 15% to 40% below market value and flip them for 80% of value
  
• Learn how to create passive income from selling land with seller financing and commonly make over 1000% ROI
  

If you live outside of the Denver Metro Area, you can join us live via Zoom by clicking the registration link in the post. If you live in Metro Denver, send an email to [email protected] and request the link to register to join us in-person at our host restaurant. There is no cost to attend the event, but we do request that you buy your lunch and a drink so we can keep getting the room for no cost.

To your success!!

Anthony Chara

Success Classes, LLC

Apartment Mentors, LLC

303-745-5525

Did you know you can make Passive Income with Land? Yes, Land!!!  Join us live to learn all about this avenue of investing with our guest expert, David VanSteenkiste. David will teach you the ins and outs of land investing for passive income.

After the presentation, stick around for nationwide networking with other like-minded investors. Several of our attendees have partnered with other attendees they met at the luncheon. Maybe you'll meet your next partner at this month's luncheon?

If you live in Denver, we ask that you join us in-person at our host restaurant. In order to register to attend in-person, send an email to Support @ SuccessClasses dot com and we'll be happy to send you the registration link.

Deciding to invest in someone else's deal can be scary. Especially, if you've never done it before. If you don't know what you don't know, how do you even know where to start or what questions you should be asking the deal's sponsor about the deal?

On the other side, raising money for your deals can be scary as well, but it's even worse if you're unprepared to answer questions your prospective investors throw your way.

This month's luncheon is about being prepared as both an Investor or a Sponsor. One of my SEC Attorneys, Mauricio Rauld, with Premier Law Group, will be sharing, "The 10 Questions Passive Investors Should Ask The Deal Sponsor".

If you're an Investor you need to know what you don't know in order to ask the right questions before you invest 10's of thousands or 100's of thousands in someone else's deal.

As a Sponsor, you need to be prepared to answer questions about your deal. This could be the difference in raising 100's of thousands or millions of dollars or crashing and burning! This session will help you prepare so you know what questions might come your way.

If you live in the Denver metro area and will be joining us in-person at the restaurant, send an email to [email protected] and we'll send you the location details. If you live outside of the Denver metro area you can use the Zoom link that's part of this posting to register.

Tuesday, August 16th, starting promptly at 11am Mountain Time, 1pm Eastern Time. 

Again, send an email to [email protected] if you live in Denver and we'll send you the restaurant location details.

Join us to learn, network and be prepared for your next deal!! Remember, after we finish up with our Guest Expert, we'll roll into Nationwide Networking were you can tell everyone about who you are, what you do and what you need or have that will help everyone else. We may even have a live deal or 2 to discuss this month where people are actively raising money and getting ready to close.

All good info above. Another thing to consider is the gap between their remaining loan balance and your purchase price. i.e. - Let's say your remaining balance on the assumed loan is $1MM and your new PP is $2MM. Now, you'll need to come up with $1MM down plus closing costs to assume the existing mortgage. If you got a new loan at 75% LTV, you'd only have to come up with $500K.

Having said that, some lenders will allow you to do a supplemental loan on top of assuming the $1MM loan in the above example so you might be able to get back to a 25-30% down deal just like getting a whole new loan. However, a lot of lenders won't let you do a supplemental loan these days due to rising interest rates and cap rates. The only way you'll know is by contacting the current lender.

Lastly, even if the loan is assumable, you and/or your credit partner(s) and the property will still need to qualify per their guidelines to assume the loan as well. It's not like you just sign a piece of paper and the loan is yours.

Hey @Shawn Loftis, you should check out VDO Intel https://vdointel.com/. Not only can they help you with camera installation (or you can do it yourself), but they will watch your property from either sunset to sunrise or 24 hours a day remotely. We pay for sunset to sunrise coverage on one of our properties at a cost of around $100 per camera per month.

The cameras have motion activated sensors so when it senses movement it sends the signal to a monitor office where someone is watching not only your property, but others as well. Thus, the low price point. If they determine that the activity is suspicious, they can get on a speaker and tell the person(s) to leave and if they don't, they can call the police for you.

The short answer is Yes. You should always be looking for deals and you should always looking for money.

If you don't have the necessary Capital to show PoF's yourself, then you should look for a person that's willing to allow you to use an account statement to help you get over that hurdle with the seller or seller's agent. Even though you use their statement, that doesn't mean they are committing to invest or partner with you on the project. Make sure they know that. Once you have the contract secured you can figure out how the deal will fit together, who you need, how much money you need to raise, etc. That person can decide at that time if they want to partner with you and actually invest their funds in your deal. Whether they do or not, you may still have to raise more money. Network with everyone you come in contact with. Let them know you're an apartment investor and ask them if they'd like to hear more when you find a deal. If they say yes, get their contact info. Go to as many RE club meetings in your area as you can, go to Cash Flow 101 game events, go to any type of RE event in your area to begin the process. There are 2 clubs in your area you should check out. Mid-Atlantic Real Estate Investors Association (MAREIA) and Baltimore REIA.

Another way to get in the game would be to partner/invest in someone else's deal and learn from them. This will add to your own 'experience' level when you do find your own deal.

Lastly, get training. Reading lots of blogs is one thing, but its no substitute for actual training and then actually being a part of a live deal.