All Forum Posts by: Charles M.

@Abel Sng 

Thank you for bringing my attention to that! To answer you're question: not yet, but since you put it that way, I've started looking for reputable online sources to study underwriting MF deals. I'll review some for a hours tonight, too. If syndicators have an overabundance of deals (understandably probably not all good ones), I'll come up with some ideas to propose value there. I think you make a solid point on underwriting.

I'm also researching a different market - smaller multi-family properties in Atlanta (possibly obtained through seller-financing, master leasing, etc). I'm interested in this since it may be more immediately obtainable, while I learn syndication. I do want to team up with people on this as well.

If there are other BP members in the small multi-family market, feel free to post too!

@Joseph Gozlan (Sorry, it didn't tag you in my reply to your first post)

@Abel Sng @Joseph Gozlan 

I agree about the "what value can I bring them" mindset. That is the aim of my original post: to identify what needs or preferences experienced investors have so that I can match those accordingly with my professional experience. Or at least develop those particular skills in the meantime. The opposite mindsets are often a hurdle for people new to my industry, too. Thank you for the advice!

"Intern" is what I was picturing doing. In other words, shadowing or doing some of the research or leg work for a mentor. I'll be happy when I find that opportunity. I haven't read about many instances of this happening, though; what I've read usually involves the person who is learning investing money as well, thus acting as a type of "partner." Perhaps this is because I have primarily studied commercial MF deals that seem smaller than your property that you mentioned, on the lower side of the 500K-5 million dollar range?

Congratulations on your deal! I hope your group benefits well from it. Stone Mountain is certainly talked about by locals as a less congested route to access Atlanta's ITP, among other things.

I picture most experienced MF investors using a very streamlined system to obtain properties. As you said, they may feel they already have "all the pieces of the puzzle." What bottlenecks might be common? Or, if your group were to bring on an intern, where would you place them?

Joseph Gozlan Thank you for the reply! I see. That clarifies the direction I'll take with meeting other investors, particularly with your second point. I'd enjoy brainstorming ways to increase property values. The first point - I'll need to continue researching that today. What would be your recommendation as a few first steps here - maybe refining a direct mail process? Is this similar to knowing how to source leads? And the passive investing is something smart I hadn't thought of. A bit like job-shadowing. If you've partnered with new investors before, would you share a few personal experiences to help us avoid common mistakes?

I'd prefer to work with an experienced investor in commercial multifamily properties rather than go it alone for the first one or two purchases/leases. As of yet, I haven't gained personal experience with buying and holding, master leasing, and rehabbing small apartments; what are some of the most common needs of people who are willing to partner with new investors?