All Forum Posts by: Chris Levarek

Join us on Real Estate Investing Made Simple on May 25th with our Guest Speaker, Mitch Lundquist, Managing Director at Jones Lang LaSalle

Mitch is a Managing Director with Jones Lang LaSalle, specializing in tenant representation in Orange County and nationally.

Currently in his sixteenth year representing tenants and occupiers of commercial real estate, Mitch consistently excels in assisting corporate users in the execution of their goals by driving down their occupancy costs through market knowledge, strategy and negotiations. His experience includes building lease negotiations and renewals, build-to-suit developments, property acquisitions and dispositions, corporate relocations, and property valuation consulting.

Prior to joining Jones Lang LaSalle, Mitch was Vice President of Corporate Services with The Staubach Company. He has completed more than 550 transactions with a value consideration of more than $1B.

He has gained a broad knowledge of commercial real estate through his experience as the account manager in headquarters negotiations, supply chain distribution, and international transactions. His representative clients include Global Imaging Systems, Mitsubishi Electric, Volcom, INNOCEAN, Fjallraven, Ossur, Crossover Health, Mitsubishi Motors, and Rip Curl.

While with The Staubach Company, Mitch was honored as “Rookie of the Year” (2006) and as a “Top Producer” for Jones Lang LaSalle multiple times, as well as honored by The Irvine Company as Broker of the Year.

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Connect withMitch Lundquist

Come and join us on Real Estate Investing Made Simple with our Guest Speaker, James Sirmans of Gage Multifamily Services.

James has been investing in Real Estate since 2012. He started in single-family wholesaling and did flips in Dallas. He eventually moved into Multifamily selling proptech service which connected the dots from single-family to Multifamily.

He then moved into Multifamily operations and asset management for value-add properties, where he has worked with ownership groups and syndicators over the last few years. He understands Real Estate Markets, Capex budgeting, Multifamily construction needs, and positioning assets to drive NOI from rental increases and Client Operations Management.

James has continually built relationships with brokers, lenders, ownership groups, and vendors to help people navigate the real estate industry. He has a proven ability to build and enhance relationships along with driving the operation for improved financial results and has attributed to organization and personal successes.

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Joining us this month of March is Mike Bell of Prime Truck Parking

Mike Bell is a Chief Petty Officer in the United States Navy. In his off-duty hours, he invests in a little-known real estate niche called industrial outdoor storage (IOS). The IOS niche encompasses logistics properties, truck parking, small warehouses, and much more. Mike co-owns Prime Truck Parking which provides managed truck parking in the Dallas-Fort Worth area.

He utilizes direct mail, cold calling, networking, and other creative strategies to find off market industrial deals. Mike is committed to using real estate to help himself and others achieve family, time, and financial freedom.

Connect with Mike Bell

Joining us this month of March is Mike Bell of Prime Truck Parking

Mike Bell is a Chief Petty Officer in the United States Navy. In his off-duty hours, he invests in a little-known real estate niche called industrial outdoor storage (IOS). The IOS niche encompasses logistics properties, truck parking, small warehouses, and much more. Mike co-owns Prime Truck Parking which provides managed truck parking in the Dallas-Fort Worth area.

He utilizes direct mail, cold calling, networking, and other creative strategies to find off-market industrial deals. Mike is committed to using real estate to help himself and others achieve family, time, and financial freedom.

Connect with Mike Bell

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Joining us this month of February is Christopher Levarek of Valkere Investment Group

Chris Levarek is the founder and managing partner of Valkere Investment Group. He is a former US Air Force firefighter, an Arizona State University graduate, and a self-retired 12-year computer engineer.

Since founding Valkere, Chris has collaborated with other partners on over 1000 vacation rentals and multifamily property units in 4 years.

Connect with Chris Levarek

@Justin Moy It's actually a small space of successful operators who can be found. If you marketing your own brand, you run into many eventually. This can be useful, as you can vet operators through other capital raisers due to the tight community. Many of the big operators have track records with other capital raisers and you can easily find out if what their experiences were like.

There are of course many successful operators who are never found because they have no marketing. In many cases like this, developing a relationship should take months in my opinion. Rushing into a "good" deal with a unknown operator can be paramount for disaster.

@Tyler Cook How is property insurance changing things? Have you had any changes on pricing?

@Alex Ballesteros For the cost, I'd say that's fairly cheap. You can find a ton of FREE information on Biggerpockets.

The thing is, are YOU one to put the extra effort to do it yourself OR would you like to buy someone's FRAMEWORK to speed up the process.

My STR course is 4 times that for buying a short term rental.

All to say, whatever gets you to TAKE ACTION is the right price.

Maybe check this out first : https://www.biggerpockets.com/... . I mean there is alot of FREE on there.

@Peter Morgan How you judge risk is a personal decision. What one person considers risky, is not so risky to another. That being said, using a HELOC for a syndication in today's market is just not worth it.

In 2018,2019,2020 even, it might have been a risk judgement call. Rates were at 3-6% on Helocs.

Today however, you will invest into a syndication which in the first years will push 0-5% cashflow typically on value-add.

The 2nd, you will typically get 3-8% cashflow and the third year, you will start to get 8%+ with any catchups on preferred returns.

If you are paying 10%+, which most HELOCs are today, you will be out of pocket for first two years.

If you are willing to do that, and justify the risk, then yes eventually you will be made whole at sale of syndication.

Might even come out 5-10% in profit.

BUT, 2-3 years is a long time to be paying out to a HELOC with not profit.

I know quite a few in the program. It's a great framework to get started from a tactical perspective. 

I'd say the network is the most valuable as well as credibility or airtime with the other raisers platforms.

Accelerates your raising, but also can get you brand awareness. Something which only time can do traditionally.