All Forum Posts by: Arturo Borges

@Chris Mason Sounds great, very helpful. We have about 6 Investors on our team right now, and I'd like to start implementing a much more clean, professional system without incurring in a CRM system, since it's not justified at this point. Would you say this is the way to go Chris?

@Mohammed A. I believe that LinkedIn could be a powerful tool for you to connect with what you are looking for. That being said, there are three main apartment building brokers in the country, two being ARA and CBRE, so maybe you could take a look at that.

Regarding the meetups, you should be able to find a good multifamily investing meetup/club where you can connect with like-minded people that are in the same niche and have the same interests as you do, like the Miami's Multifamily Investing Club down here in Miami where I live @Lennon Lee  if you don't find it in Ellicott, you'd probably find it in the nearest biggest city, like Baltimore for example.

Hope this helps!

Is it common to see FOs investing in apartment buildings as part of their portfolio?

@Jonathan Orr @Scott Choppin Thanks! Very helpful information. Please let me know if I can be of any help sometime!

@Omar Khan You bet. Thank you Omar!

@Kyle Jean @Michael Dang @Michael Le Thanks! Sounds great

When underwriting a potential investment, do you utilize the T12 and based off of it you create the Pro Forma? Or you shouldn't mix them up.

Thank you in advance!

Michael Le Michael Bishop Lennon Lee Thanks for clearing that up. When talking about equity multiple, it’s almost implied that it refers to the equity itself in a deal. With that being said, there are a lot of people out there talking about “equity multiple” and simply multiplying the acquisition cost by the equity multiple suggested, and giving out the random disposition amount. So basically you’d acquire a $20MM apartment building and at the end of the investment cycle (4-7 years) you’d sell for 39MM. I was very confused by that, but crazy enough there are people out there sharing this. Thank you very much for your time and for clearing up my question!

Thank you Dino! @Account Closed

@Omar Khan What I'm specifically talking about is being a low equity GP. Maybe I can raise a certain amount of money for a deal to a bigger or others, bigger GP, and for that I get a 1.5%-2.5% equity in the deal. I know that is . something that's negotiable and there's no a standard, but how would that be structured? based on what? And is that 1.5%-2.5% equity based on the entire disposition amount? or the equity created during the investment cycle?  @Account Closed