All Forum Posts by: Ashley Wilson

Thank you @Taylor L. for the post and mention.  To provide further explanation on why I personally believe Construction Management please see https://www.biggerpockets.com/member-blogs/7285/82246-the-overlooked-component-in-syndication

@Zane O. - The Enclave

@Scott R. - yes it is:)

@Joshua Braskett - thank you!

@Charles Brooks - thank you, I will send you a pm!

*Sorry to everyone for the delay.  I only received a notification that someone commented when Charles posted!

Investment Info:

Large multi-family (5+ units) commercial investment investment in Amarillo.

Contributors:
Jeff Greenberg

Proven recession-resistant city Amarillo, TX is the home of our next acquisition. This property features 225 units and is a value-add property in the path of progress. We are very excited about the future of this property!

What made you interested in investing in this type of deal?

Really liked the market, the team, and the deal!

How did you find this deal and how did you negotiate it?

Synergetic Investment Group found the deal, and we decided to partner with them!

How did you finance this deal?

The debt was covered through a bridge loan, equity was raised via private investors.

How did you add value to the deal?

We are upgrading interior units, exterior amenities and added a terrific property management team.

What was the outcome?

Just purchased...stay tuned!

Lessons learned? Challenges?

Just starting...stay tuned!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

MLDC Property Management is incredible and already making huge strides in only two weeks!

@Brian Burke thank you for your reply.  This is very helpful information.  

@Andrew Beauchemin thank you too! That makes sense that they wouldn't have websites, as I am sure they would be bombarded with asks.

@Justin Kane I am actually speaking about the Institutional Equity side:) 

Has anyone ever used institutional financing to fund the purchase of a large apartment deal ($30mil +)?  I am having difficulty finding a lot of people who have done this, and I would really like to learn more about it. 

This month we have a special guest, Courtney Vitek, coming in from Houston, TX! Courtney will be speaking on Breaking Barriers with your Property Management Company, throughout the entire lifecycle of ownership.

Courtney Vitek, CAM is Co-Owner and operator of MLDC Management. Demonstrating knowledge, passion and execution in her career has resulted in successes across varying asset types. Courtney has been well recognized within her industry winning Leasing Agent of the Year for both the Houston and Texas Apartment associations in 2014 and being named one of the Top 40 Professionals Under 40 from the Houston Apartment Association subsequent her graduation of Leadership Lyceum in 2015. Courtney also received her NAAIE Apartment Manager Certification in 2011. Outside of work, Courtney enjoys spending time with her husband, and their four children.

*At this meeting we will be collecting donations for a local charity (to be confirmed shortly). We will update with more information shortly.

Hi John,

Highly recommend Bill Kratz from HomeSmart Realty Advisors. The Brokerage is amazing and so is Bill!

-Ashley

Calling all women investors!!!! Come out for our first ever Philly Suburbs Investher Meet-up! During our first meeting we will be discussing your wants, needs, and goals for this meet-up! Specifically, come prepared to tell us what topics and presenters you would like us to cover at our subsequent meetings. It doesn't matter if you are new to investing, or an expert, this meeting is for you! Come for the information, and stay for the networking!!! 2019 is your year, and we are here to help you achieve your investing goals!!

https://www.biggerpockets.com/users/jthomasmartin1 this is his page. He speaks at different events from time to time. He utilizes VAs to automate this entire system and has created his business to be entirely passive.