All Forum Posts by: Sanjoy V.

Hi there, I am looking for recommendations for a good realtor / broker who can help me find deals in the Dallas Fort Worth area. Apartments/multifamily in the 2-5 million range, with value add opportunity. Thanks in advance! Jay Vin

thanks for your response Steeve; is there a medium ground that can be achieved? Leaving job is not an option. May be a turnkey property or something; I think what I am unclear is the time and effort that is needed on a property despite having a Mgmt  company? 

actually that’s a good idea Mike, I started to look at commercial properties first and then with the whole brick and mortar stores going down, retail per se continues to take a hit with Amazon etc;, I guess we have to get Amazon proof tenants.

commercial retail, don’t appreciate like MFs do. However if I am looking at passive MF turn key sort of without value add, I am may be in the same boat as 3-4% increase per year.

Is retail construction worthwhile? Anyone of you has experience? If you reverse engineer and build the right product? Again same headache, time. 

No, I am not self employed; busy, beyond full time job.

Is a turn key property better? Thanks for all your replies.

There are people who have out of state properties and give it to Mgmt companies? I guess it’s that pride that I want to develop my own portfolio, hindered by lack of time and probably experience, market timing 

I have been trying to find a decent deal with good cash flow and cap rate in Texas for a year and seems less and less likely; Dallas and Austin. Worry about OK city, although tempted sometimes to commit there. The caps are inflated, too much competition, I have been outbid several times or no one contacts me. Looking at less than 45-70 units in the 3-5mil range. Like the value add strategy but not sure what time commitment it needs? Even if I can manage to get something impossible in the current scenario. I am very busy, the question is, is it worth to go solo or is it best to invest with a bigger multifamily group or those online crowdsourcing deals, which claim a minimum return of 8% plus some IRRs at 17% give or take. the risk is still passed on to the investor. You have no true asset. How does this compare to you actually buying something on your own and give it to Mgmt company? When you do on your own, when you sell, I think you do better? Or no. Can anyone analyze the risk vs benefits with doing solo vs investing in a multifamily group, what’s the standard return and IRR. Plus you are directly investing cash into these, vs with a loan you just need 20% of the value; although cash on cash should still be the same, I guess. I am looking for advice, cause looks like I am quite discouraged by the market and it’s hard for a first timer to break into this. I like the balance of cash flow and appreciation. Thoughts on what the BP experts would do in this situation? Thanks so much!

Is it best to go with a brokerage firm or shop around with any local smaller banks for better rates for a multifamily loan 4-5 million?

thanks everyone for your input!

I have been looking for sometime to buy multifamily/apartments 20-100 range. Live in Texas but market to hot for cash flow. Can’t rely on appreciation alone and buy at 5 caps. Out of desperation even looking at Chicago; the cash flow seems tempting in the 9-10 range. Obviously areas like Gresham, guess very high crime and can’t even walk to see property you own. Is it unrealistic to think that you will have Mgmt run the apartments and you just take the cash flow; and have nothing to do with it? what are owner liabilities truly? Can you run it remote? Have it completely inspected evaluated and run by third party management? It seems foolish to do something like this but where else can I get cash Flow; I understand appreciation is probably good no to be limited to none. May be use the cash to buy in tough markets? Is there anyway to safely remotely run these class C high crime area Apt’s? Is there a trick to run these? Thanks in advance!

I have been looking for sometime to buy multifamily/apartments 20-100 range. Live in Texas but market to hot for cash flow. Can’t rely on appreciation alone and buy at 5 caps. Out of desperation even looking at Chicago; the cash flow seems tempting in the 9-10 range. Obviously areas like Gresham, guess very high crime and can’t even walk to see property you own. Is it unrealistic to think that you will have Mgmt run the apartments and you just take the cash flow; and have nothing to do with it? what are owner liabilities truly? Can you run it remote? Have it completely inspected evaluated and run by third party management? It seems foolish to do something like this but where else can I get cash Flow; I understand appreciation is probably good no to be limited to none. May be use the cash to buy in tough markets? Is there anyway to safely remotely run these class C high crime area Apt’s? Is there a trick to run these? Thanks in advance!

I have been looking for sometime to buy multifamily/apartments 20-100 range. Live in Texas but market to hot for cash flow. Can’t rely on appreciation alone and buy at 5 caps. Out of desperation even looking at Chicago; the cash flow seems tempting in the 9-10 range. Obviously areas like Gresham, guess very high crime and can’t even walk to see property you own. Is it unrealistic to think that you will have Mgmt run the apartments and you just take the cash flow; and have nothing to do with it? what are owner liabilities truly? Can you run it remote? Have it completely inspected evaluated and run by third party management? It seems foolish to do something like this but where else can I get cash Flow; I understand appreciation is probably good no to be limited to none. May be use the cash to buy in tough markets? Is there anyway to safely remotely run the law Apt’s?