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All Forum Posts by: Colton Hahn

Colton Hahn has started 5 posts and replied 313 times.

Post: Which state to purchase a Duplex in?

Colton HahnPosted
  • Specialist
  • Posts 322
  • Votes 274

Definitely agree with @Anthony L Amos Jr that columbus is a city that is positioned well. Would recommend you look at some other midwest areas like Indianapolis, Ft Wayne, Evansville, Des Moines. 

We have multiple multifamily properties in these regions and have found tremendous value there. Best of luck :)

Post: Who determines if an investor is accredite

Colton HahnPosted
  • Specialist
  • Posts 322
  • Votes 274

The SEC determines the qualifications. A CPA or lawyer can sign off that you meet the SEC accredited requirements, which will satisfy the sponsor you are considering. 

Hope that helps :)

Quote from @Justin Smith:

I am new to multifamily and looking to make connections with folks involved with syndications in the Southeast.  I am located in North Carolina but looking for connections across the southeast.  Looking forward to growing my network and making connections!


 Hey Justin, happy to have you! We are a syndicator in the midwest and am open to chatting if you have any questions :)

Post: Lone Wolf vs. Syndication

Colton HahnPosted
  • Specialist
  • Posts 322
  • Votes 274
Quote from @Callaway Pate:

Hey BP Family!

I hope everyone is preparing themselves for the future and ready to make the best of it. This question has been on my mind a lot recently and I thought I'd share. Can someone break down the benefits of syndication vs. solo-investing? I see often that in these multi-million dollar deals there is a group of investors pooling their money to acquire properties. Right now I don't see the point in that from an investment perspective. Why would someone go through the effort of raising millions in capital just to take a smaller piece of a giant pie when they could instead work from only their resources but have their own small pie. It feels as though an investor can make the same return (percentage wise) by doing either path. Other than the pride of partial ownership and the moderate-sized piece of pie, what is there to be gained from syndication? I hope I can learn something valuable about the concept of syndication because I'm almost sure there's something I'm missing about the strategy. Thanks in advance!

Best,

Callaway

 Hey Callaway,

I hope I can shed some light on the benefits of syndication. The reason people choose to invest in syndication vary but from my experience in this field it boils down to a few reasons:

1. They are too busy to operate the property on their own and want someone else to do it.

2. They want to trust professionals who have experience operating high level commercial properties, and have a track record of creating great returns. They could do it, but trust the experts to do it better.

3. This is the biggest one I see, they want the returns of owning real estate without the hassle. I will use a client I talk to frequently as an example, he is selling his properties and investing a large % with us so he can finally live his life. He got into real estate to get away from his W2, and 14 properties later he was basically in another W2 with the work they took. When you take into account expenses his properties took, the returns we provide were actually 1% higher without any of the work.

At the end of the day, I do not work on my HVAC I hire a trained professional to do the job. I could learn how to do, but is the juice worth the squeeze? 

Hey BP fam,

Wanted to post something interesting for you guys to ponder that I saw on Linkedin. 

According to this Record Highs For Home Equity, we are seeing record highs for home equity. 

I talk to a lot of investors and some are talking about a housing market crash akin to '08 or compare the economic anxiety we see now to that time period.

Juxtapose the record highs in home equity now to 2008, when everyone and their dog was taking out highly leveraged loans tying up their assets in debt. 

This is not to say everything is hunky-dory, obviously not. 

But many people are flush with cash tied to their homes, and an even larger number of people locked in bottom of the barrel near zero interest rates on their homes.

Look forward to the discussion :)

Quote from @Ali Mirabzadeh:

Hi BP,

I'm an aspiring OOS Multifamily(2,3 units) investor based in the Bay Area, California. I have been looking into KS and Indy as possible options and have done some research on them and they seem pretty similar. Mainly I've looked at the Population Growth, Median Household Income, Vacancy Rate, Median Rent, Landlord friendliness.  

I'd like to connect with some locals from both markets to get more insights on these markets and help me pick a market and start my journey.
I'm looking to start from a duplex with a positive cash flow and my main focus is good appreciation. 

woULD 

I'd like to get help on:

1. Which Submarkets I should look into that would have a better appreciation and safe? (I don't care much if one market produces more cash flow and one less in the beginning)

2. Are there any major natural disasters that I should be worried about before getting in these markets? (Indy seems to have Tornados, would this be worrisome?)

3. Do these markets have a strong and diverse economy (based on a Google search, seems they do but different sectors)?  what resources do you use to compare?

4. Which market is better for Multi Families in a long run? How I can measure this(would it be based on the inventory and building permits)?

5. Which one is better to be landlord at?

I have a few more questions, that I'd like to connect with the local agents, investors or OOS investors who have or still invest in these markets and hear your suggestions. 

Looking forward to connecting with you.



 We are an Indianapolis based multifamily syndicator, and we are doubling down on the Indianapolis market. The influx of cash from coastal cities seems to be agreeing with us, and we do not plan on leaving anytime soon.

Post: Wanting to buy my first multi family property

Colton HahnPosted
  • Specialist
  • Posts 322
  • Votes 274
Quote from @Brian Hernandez:

Hello everyone,

I'm 21 years old trying to buy my first property mostly out of state since I live in NYC. I have $40k cash saved mostly from reselling sneakers and other items,I have 2 part time jobs currently and a good credit score with about $5k in cc debt.Is there any way i'm able to buy properties since I don't have enough years for w-2 (Started working both jobs this year).


 We syndicate deals in the midwest and love the region. Fully doubling down going forward, and the influx of coastal city cash backs us up :)

Hey BP Fam,

I wanted to share my what my experiences have been so far in these uncertain times talking with investors and what I have noticed from the big money investors we have.

Every day I talk to retail investors who are having a hard time deciding what to invest in during these shaky economic times, often times they watch the news and see nothing but doom and gloom and it reflects in their initial opinion of investing.  

More often than not they are more skittish to investing at all, and their initial reaction is to keep their money on the sidelines.

Juxtapose that with what our big investors are doing, I will use a conversation I had a few days ago with one of our larger investors. He had no issue dropping hundreds of thousands of dollars into our current syndication fund because of two reasons:

1. Real estate is NOT correlated to the bond or stock market.

2. When you do your due diligence, real estate has a higher rate of return than either bonds or stocks.

Curious what others are seeing and your opinions :)

Post: Should I donate a mattress?

Colton HahnPosted
  • Specialist
  • Posts 322
  • Votes 274

Would absolutely approach them about it in a respectful manner. 

Post: Market Data & Analysis

Colton HahnPosted
  • Specialist
  • Posts 322
  • Votes 274
Quote from @Tony Mayo:

I am currently in the process of looking at other states for rental properties. 

Does anyone have a good system for finding markets where properties cash flow well? 

I am happy to pay someone to teach me. 

Thanks in advance


We look in the midwest exclusively. We have found it's the turtle vs the hair approach, with at least 3% consistent rent growth in Indianapolis for example, we have been able to hit consistent returns and do not plan on changing anytime soon :)