All Forum Posts by: Chris Salerno

There was a mountain of great content that was provided to the attendees of this year's Best Ever Conference and I'm curious to know what others thought about it. I'll share mine and I'll look forward to reading what you found beneficial. Thanks for the time!

* "Be vulnerable and have an open heart"- That was a great reminder at the start of the first day and it set the tone for my commitment to networking while there. I've kept it going by getting involved here on BP

* Glenn Mueller thought we had another 10 year run ahead of us and the market correction might be a little further off then we think. That sounds great to me but while its hard to disagree with a Ph.D in a bow tie, most economist are like the weather men in our respected cities. Each station says something different but I have a feeling Mr Mueller has a crystal ball!

* Jilliene Helman brought it every time she spoke and her energy was infectious- She said two things that defined here success. Find a passion and Get Started. Get off the sidelines and get in the game! She did and paid a small price to do so early on. Good story

*Joe Fairless struck a cord with me when he spoke about everyone needing a "thorn". That deep cut of pain needs to stay with us and serve as a reminder that we never want to go back there. Keeping a thorn is an interesting way to go about staying hungry and motivated to hit your goals. I unearthed my thorn when I left Keystone so LETS GO!

* Raising capital for your deals- focus on specific verticals that are heavy with passive investors. Doctors, Lawyers, DDS's, etc. It will save you time and energy

* Neal Bawa was awesome and a crowd favorite. I loved how he wasn't full of fluff and used free data to drive home why you should or shouldn't invest in a city. I believe he said "if you don't use data you're not an investor but only a speculator"

These are a few of my favorite takeaways. Cheers!

Hi everyone. I would like to connect with multifamily investors from chicago area.

Hi everyone,

I'm seeking guidance on where to read about the laws of syndication, and Where to read about new laws that are officially coming out in regards of syndication ?

What government site ?

What government agency do you need to know about ?

please share your knowledge !

thank you !

Many of us buy an already existing property. I am wondering how groups and individuals can afford / see the opportunity to build new? When thinking about this question I am mainly thinking of large commercial properties, but I guess the same is true to duplexes and small multifamily. Are they expecting to build, occupy, then sell? Then who would buy that new and overpriced property? I am looking for multifamily in Kansas City and have had this thought stirring in my head for a little while. 

Hello BP community,

I'm just starting to dive into the RE investing world. As I'm learning and discovering what my "niche" will be I've really become interested in MFH. In this space I know there are active and passive investors. If there is anyone who as been on both sides of the coin in this arena (as an LP in one deal and a sponsor in a different deal) could you describe your experience from each perspective? Was there one side you preferred over the other and why? Additionally, could you provide "typical" ROI from each side? I'm curious to know how substantial are the returns as the sponsor/GP vs as an LP when the deal is through. From what I've learned the sponsor makes considerably more and that seems understandable to me since they are doing much of the legwork throughout the project. As a "hypothetical" LP, I tend to lean more conservatively in my investing. So I would likely look at a 5 year plan with a preferred rate of 8% (or lower for a higher equity) and a refi with a sale for an overall target of 20-25% annual ROI after the sell. My objective is build equity over cash flow in a deal.

Thanks for the input!

Louis

Hello,

I'm looking to begin investing in syndications in the near future, but was interested to hear some opinions on picking individual deals versus some of the funds I have seen. The funds seem like a good way to gain greater exposure and get an extra layer of due diligence done for you, but there must be downsides as well. Lower return? Higher fees? Time spent without capital invested? Interested to hear all opinions. 

Thanks

As a newbie I've saved up 40 to 50 grand and now I have a choice to make. Do I start with a single family house or be patient, save more and go for the ultimate goal which is multifamily? With the market this hot I can afford to wait for a better/bigger entry point but I also see the merit of starting my practical learning now. What do you guys think?

Three states passed state-wide rent control laws in 2019, California, Oregon and New York. Other cities such as New York, San Francisco and Washington D.C. have had rent control policies in place for decades.

"Over the long term, rent control tends to restrain multifamily housing development, exacerbating local housing shortages and adding upward momentum to owner-occupied home prices." according to Marcus & Millichap Investment Forecast for 2020. 

Given the impact rent control can have on new investments and investor interests, is it a necessary "evil" to protect the interests of the current renter base or is it causing more harm then good?

Thoughts?

Hi everyone, I am new here. I have about 60k and I’m looking to invest in multi family. Any ideas where I should be looking. Btw, I live in NYC. Thanks in advance.