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All Forum Posts by: Collin Borns

Collin Borns has started 5 posts and replied 8 times.

I have recently been put in charge of managing around 10-20 construction projects (give or take) at a time.  My firm does both gut rehab and light value add work to multi-family properties in Chicago.  A lot of the management has been left to memory, but the business has grown to the size that more organization needs to be put in place.  Does anyone have any solid Excel spreadsheet templates or anything they use to manage 2 dozen or so projects at a time?  I am mostly concerned with making sure each of our trades are staying within our contracted time frames in order to make sure jobs get completed on time.

Thanks!

Post: Email template to get agents interested?

Collin BornsPosted
  • Chicago, IL
  • Posts 8
  • Votes 0

BP,

I am curious if any of you use any sort of email template when trying to get agents interested in your listing even before you put it on the MLS. I am trying to create some sort of attractive email to send out to the top agents in my area whenever I am looking to sell a property. Do any of you have a template you recommend or have any tips on what type of information would be best to grab an agents attention?

Thanks!

Post: Passive Investor in a Syndicated Deal

Collin BornsPosted
  • Chicago, IL
  • Posts 8
  • Votes 0

BP,

Is it hard to find deals where you can be a passive investor, but not an accredited investor? Specifically in deal sizes that are 30+ units?

Thanks 

Hello everyone,

Out of curiosity, when first raising capital is it easier/better to 1.raise a fund or 2.get capital promised if a deal meeting certain criteria matches with a specific capital providers needs?  Are the SEC laws regarding raising capital applicable if raising from accredited investors vs non accredited?  Does it happen often where a capital provider says they will invest, but when a deal comes along they don't put their money where their mouth is? How can you avoid this?

Thanks 

@Andrew Johnson I agree, but I am nervous if I would start out by building my own model there could be a chance of missing some major line items that could mess up the entire valuation.  Would you agree that it would be smart to start with a template and massage/edit it to fit my market?

Originally posted by @Todd Dexheimer:

I made my own. PM me with your email and I can send it to you

 Awesome, thanks!

Do any of you guys use software or a model that you would recommend for valuation?  I will be analyzing multi-family buildings with around 5-20 units.

Hello everyone,

I am curious if people recommend taking a course such as REFM or a BIWS course before investing in multi-family real estate.  Alot of the gurus seem to say all you need to know is income and expenses, but coming from an institutional investment consulting background I feel as if that is way to basic for me to justify the valuations.  Has anyone taken any type of Multi-family valuation course they would recommend before diving into an investment?

Thanks!