All Forum Posts by: Brandon Wong

We've had success protesting our taxes on larger multifamily by hiring a firm like CMI (Cantrell McCulloch)  in texas to protest on our behalf, though I'm not sure if it would be cost prohibitive to have you hire them. Perhaps give them a call and ask for a quote. 

Regarding comps, any good realtor should be able to pull the MLS data for you for free for a chance to win future business from you.

Here are the questions I would ask:

1. What is the current situation in terms of operations (occupancy, delinquency, evictions, etc...) and why is it like that?

2. What are you going to do to change it and what is the time frame on that? (options include change PM company, change or add assistant asset manager, etc...)

3. Please show me an updated pro forma including the new investment you are asking for and clearly articulate how your revised plan will support it. 

Capital calls can happen to extremely experienced investors (including multiple gurus that I follow) when unforeseen circumstances occur. 

Weighing these factors with the risk to your initial investment, the likelihood of success, how much the GPs are adding to the deal along side you, and your personal risk tolerances. 

You can often find rich at the monthly meetup at Sedona's on Flamingo and 215. Look up the "Las Vegas Real Estate Insiders" Group on meetup.com and RSVP for the next one. The one before last Rich spoke of inflation, the federal reserve, and general flipping tips. Usually a good place to network and learn.