All Forum Posts by: Amy Heitner

Build the Optimal Multifamily Investor Website.

Get Our Free Checklist

Download The Free 7 Point Checklist and Use it To Build the Optimal Multifamily Investor Website.

Todd Heitner, CEO of Apartment Investor Pro, is giving away the secrets learned from more than two decades of building websites and more than 15 years of building websites specifically for real estate investors.

The 7 point checklist also includes links to all the resources that his team uses so that you can implement each point on the list.

The checklist and explanatory notes is designed to save you many months of wasted time and tens of thousands of dollars.

Get the FREE checklist now and get your website right the first time.

@Jay Hinrichs Multifamily Investor Nation Summit (#MFINSummit) is a 3 day virtual event put on by Dan Handford. Check it out. So much good stuff!

@Jay Hinrichs, It was a panel from Dan Handford's Multifamily Investor Summit in June, the next one is in January.

I agree that Jeremy is excellent and also James Eng.

@Casey Sbrana, just listened to a panel of experts on the state of the market in mid 2019. James Eng, Dino Pierce, Jonathan Twombly, and Jeremy Roll.

The general consensus was that B Class properties were the most recession-proof.

I was surprised because I had thought C Class would be but the point was made that these tenants tend to be the ones worst hit by a recession.

@Everest Jordan, I recently listened to an expert panel discussion with James Eng, Dino Pierce, Jonathan Twombly and Jeremy Roll.

They had some interesting things to say from a macro point of view.

James, Jonathan, and Jeremy were certainly advising caution.

For example, James Eng mentioned that he looks at dozens of T12's every day and what he is noticing is that the rents are flat, so at the moment there is no ability to drive rent growth.

This tells him that the market is definitely softening.

Hey @Jennifer White,

Great question...was listening to Henry Lai...

Henry Lai is the president of TNE Capital Group. He started as a house hacker and is now a general partner in 1,749 multifamily units in Texas and Florida.

Regarding multifamily investing, he spoke about 10 things he wished he knew when starting out...

here is one of them,

1. You Can Really Learn a Lot From Passive Investing

As a passive investor you can ask a lot of questions of the sponsor. You can ask for the deed, the market research, the underwriting, the appraisals, inspections, property financials etc.

You can ask for one on one education, explain that you really want to understand how the deal works and they will spend time with you and explain.

You also learn how you should communicate with an investor in the future when it is your deal.

There will be things you like and things you don’t like. You can learn from that.

Get to know a lot of sponsors through conferences etc.

Ask sponsors about a deal that you are considering, obviously not one of their own deals.

Ask them what the strengths and weaknesses of the deal are.

Get an FAQ list and ask the sponsors of a deal you are thinking of being a passive investor in, ask all the questions until you feel comfortable.

Hi, @Antoine Fields

Most experienced syndicators that I've listened to give the following general advice...

• Talk with enthusiasm about the deals you have done and the deals you are doing with your network, if they pick up on it and express interest then take it from there.

• Position yourself as a thought leader in the real estate investing field and provide valuable online content through blogs, videos, etc.

• Have a way to capture investor leads through your website, offer something of value in exchange for an investors email address, and follow up to build the relationship further and build trust.

• When you speak with a potential investor, share your own story with them and speak about your own track record and experience and that of your team.

• Make sure that the investment is a good fit for them and the investor is a good fit for you and your goals are aligned.

• Once an investor is on board provide regular monthly reports on the status of their investment.

Hi @Cara Kennedy,

You express concern about overlooking market/geographic indicators in your investment strategy. According to @Neal Bawa there are certainly some concerns about Detroit as a city for property investment in general. One very negative factor being the consistent decline in population growth over many years. Even though this trend might be changing it would take a very long time, perhaps more than a decade, before a healthy population growth that would qualify it as attractive to investors could be attained. 

Get Our Free Checklist

Download The Free 7 Point Checklist and Use it To Build the Optimal Multifamily Investor Website.

Todd Heitner, CEO of Apartment Investor Pro, is giving away the secrets learned from more than two decades of building websites and more than 15 years of building websites specifically for real estate investors.

The 7 point checklist also includes links to all the resources that his team uses so that you can implement each point on the list.

The checklist and explanatory notes are designed to save you many months of wasted time and tens of thousands of dollars.

Get the FREE checklist now and get your website right the first time.

Hi @Anson K Au,

I'm not an expert on this by any means but I was listening to a Lance Edwards podcast interviewing Geoffrey Platt from Arbor. 

It might be worth talking to him or someone like him for advice on this specific situation.

In the podcast, he talked in general about loans and qualifications...

According to him...

The requirements of a sponsor – a net worth equal to or greater than the proposed loan amount, liquidity equal to or greater than 12 months of TNI on the proposed loan and a solid credit score

*Minimum credit scores for Fannie (680) and Freddie (650)

*Those with zero years of ownership and management experience must bring in a partner or have a third party manager 

*You and your partner combined must have a net worth greater than the loan amount – even if you’re not going in 50-50 on the property

*The “90 for 90 rule” – you need 90 percent physical occupancy for 90 days prior to closing

He also talked about how he likes to play Freddie Mac against Fannie Mae to get a better rate for his clients.

Hope this is helpful.

All the best!