All Forum Posts by: Colby Fryar

@Michelle Dong  I would like to follow up on Stony's post to connect with experienced operators.  Not only is it critical to learn from them but brokers are unlikely to engage with you unless they know there is an experienced sponsor or team behind you.

This month, we are presenting my good friend Cade Olof of the REV Meetup group. He is also a multifamily investor right here in the Old Pueblo. He will discuss his investing strategy in smaller multifamily and also provide some details on his meetup which occurs the fourth Thursday of each month. We will kick off the meeting with our multifamily tip of the month as well and as always, there will be plenty of time for networking after the presentation. Join us for the Tucson Multifamily Meetup at 4746 E Grant Rd- Firetruck Brewing Company. 6PM Thursday September 1st.

@Josh Oaten  I think it can be effective, but typically the owners of larger properties are more than likely going to use brokers.  I have used mailers and cold calling but to date have really only had a semblance of success on smaller multi- 20 units and less.  For larger multi (50 plus doors) I would recommend going through brokers, but I hope you prove me wrong!  Good luck.

This month we are honored to have Kevin Prouty and Brian Prouty of CBRE Financial! These guys have been at a number of our meetups and are always ready to offer advice and give us the latest on the lending atmosphere for multifamily and commercial properties right here in Tucson. This time we will have them front and center! CBRE is the broker to go to for bridge loans and/or Fannie and Freddie loans on larger multi. Don't worry if you are unaware of these programs. We are going to learn all about them at the next meetup: Thursday Aug. 4th at 6 PM. Firetruck Brewing on 4746 E Grant Rd. Don't miss it!

Hi Tammy there are some great programs out there for affordable housing. We are working with several agencies in our multifamily properties and are having good success. There are multiple avenues including HUD housing, section 8 and not-profit organizations that we work with. There is also the low income housing affordable tax credit which I know a little about. DM me if you like. I would love to discuss.

This month we are changing it up a bit.   We have a truly special guest, Andrew Kiel,  who is crushing it in the lease option strategy of real estate.  Lease option is a very unique strategy in which one holds the underlying note on the property but does none of the typical landlord duties like maintenance, turnovers etc.  Find out more about this awesome strategy at our next Tucson Multifamily Meetup. 4746 E. Grant Rd. Tucson AZ 6 PM, Thurs. July 7th. We meet the first Thursday of the month.

@Paul Charbonneau  there are a myriad of ways to do this.  I think finding a good mentor or coach is an absolute game changer in this space.   There are also a ton of free resources on web and social media as well as books that are helpful guides.   You will need a team and the best way to start is through networking.  DM me would love to share ideas.

We feature a host speaker who is a professional in the community of multifamily real estate.  This month, we are super grateful to have Karyn Radtke of Stewart Title.   She is going to go into the details of closing commercial and multifamily deals right here in Tucson.   This will be a comprehensive overview of the escrow process so you do not want to miss it.   Karyn is a bundle of joy and if you do not know her, you will by the end of the night.   She is also a super-connector and definitely someone to have in your network.  

This is what our group all about after all:  the networking!  We will be at Firetruck Brewing on E Grant Rd from 6-8 PM and would love to have you.

Want to attend remotely?  You can also join us online at the following link:

Join Zoom Meeting
https://us02web.zoom.us/j/81134352776?pwd=N1ZzeVNFZEdvVWlsQmpaYWpvMHREdz09
Meeting ID: 811 3435 2776
Passcode: 913284
One tap mobile
+13462487799,,81134352776#,,,,*913284# US (Houston)
+16699006833,,81134352776#,,,,*913284# US (San Jose)
Dial by your location
+1 346 248 7799 US (Houston)
+1 669 900 6833 US (San Jose)
+1 253 215 8782 US (Tacoma)
+1 312 626 6799 US (Chicago)
+1 929 205 6099 US (New York)
+1 301 715 8592 US (Washington DC)
Meeting ID: 811 3435 2776
Passcode: 913284
Find your local number: https://us02web.zoom.us/u/kdIt14xlUK

Thanks Greg.  I appreciate the information.  

We have none other than Gary Lipski, the co-author of Best in Class! We are truly honored to have him. He is crushing it in the syndication space and right here in our hometown of Tucson, Arizona!! He just closed on a 200-plus B-class property on the west side of Tucson and owns other large multi throughout Tucson and Arizona in general.  Join us for the next Tucson Multifamily Meetup on May 5th at 6 PM, Firetruck Brewing Company, 4746 E Grant Rd.

We are also online at:

Join Zoom Meeting
https://us02web.zoom.us/j/81134352776?pwd=N1ZzeVNFZEdvVWlsQmpaYWpvMHREdz09
Meeting ID: 811 3435 2776
Passcode: 913284
One tap mobile
+13462487799,,81134352776#,,,,*913284# US (Houston)
+16699006833,,81134352776#,,,,*913284# U

S (San Jose)
Dial by your location
+1 346 248 7799 US (Houston)
+1 669 900 6833 US (San Jose)
+1 253 215 8782 US (Tacoma)
+1 312 626 6799 US (Chicago)
+1 929 205 6099 US (New York)

+1 301 715 8592 US (Washington DC)
Meeting ID: 811 3435 2776
Passcode: 913284
Find your local number: https://us02web.zoom.us/u/kdIt14xlUK