All Forum Posts by: Craig Haskell

SYNDICATION 101 BEGINNERS PROGRAM - Starts Nov 1st, 2017!

Essential Training Beginning Syndicators

Craig Hasdell and Value Hound Academy (VHA) is opening up a brand new syndication training program for beginning syndicators.

This program will provide essential training on the business of real estate syndication. It will be extremely valuable to those who want to learn the BASICS on how to start raising money for the great deals.

This Training Is for You If:

• You are just getting into real estate investing as a new syndicator
• You want to start a syndication business to start building your wealth
• You are finding great deals but don't know how to raise money
• You want to grow your business using other people's money
• You're investing in houses and want to buy commercial properties
• You want training from a recognized and specialized syndication platform
• You want a proven syndication process and system to use on your business
• You are frustrated and struggling trying to get started
• You have attended other programs that didn't work

This Syndication 101 Beginners Program is all about getting you the knowledge, a game plan, the right systems, confidence, the right training and support you need to have the foundation and confidence to get started on your syndication business.

So Come’on! What are you waiting for?! Stop sitting on the sidelines... Click Below To Learn More and Get Enrolled Now!

3 Week Online Program Begins Nov 1, 2017 at 2pm ET

Only $247 (mention you hear about us on Bigger Pockets and get a 10% discount)

Get more details and enroll now at http://www.valuehoundacademy.com/public/NEW-SYNDIC...

See you there,

Craig Haskell

SYNDICATION 101 BEGINNERS PROGRAM

Essential Training Beginning Syndicators

Craig Hasdell and Value Hound Academy (VHA) is opening up a brand new syndication training program for beginning syndicators. 

This program will provide essential training on the business of real estate syndication. It will be extremely valuable to those who want to learn the BASICS on how to start raising money for the great deals.

This Training Is for You If:

• You are just getting into real estate investing as a new syndicator
• You want to start a syndication business to start building your wealth
• You are finding great deals but don't know how to raise money
• You want to grow your business using other people's money
• You're investing in houses and want to buy commercial properties
• You want training from a recognized and specialized syndication platform
• You want a proven syndication process and system to use on your business
• You are frustrated and struggling trying to get started
• You have attended other programs that didn't work

This is all about getting you the knowledge, a game plan, the right systems, confidence, the right training and support you need to have the foundation and confidence to get started on your syndication business.

So Come’on! What are you waiting for?! Stop sitting on the sidelines... Click Below To Learn More and Get Enrolled Now! 

3 Week Program Begins Nov 1, 2017

Only $247 (mention you hear about us on Bigger Pockets and get a 10% discount)

Get more details and enroll now at http://www.valuehoundacademy.com/public/NEW-SYNDIC...

See you there,

Craig Haskell

@Harjeet Bhatti  I have not.  We do post videos to our FaceBook page, but have not done live video.  Good idea.  That might be something to check out.  Thanks!

I have a free real estate education website, called Value Hound Academy.  I have built up the following organically to a fairly large audience over the years.  We are having an education event coming up that for beginner investors and I want to advertise it to FaceBook and we have never paid for advertising before but keep hearing about FB advertising.  Anybody, have any tips on what the best way to do this is?  I know it's hard to just sell tickets so I was thinking about giving away some of the tons of articles, videos and such instead.  Anyone have any luck with FB sponsored ads?  What works...what doesn't?  Thanks!  

Wave:

Turn Key could be Value Add. There are a lot of real estate investment opportunities that are NOT dirty deals that offer a lot of value potential.

Good luck,

Craig Haskell

Hi David:

Good management of an apartment business is critical to your success. Your goal is to drive as much NOI growth as you can over your holding period, and management is huge part of that.

If you are not an expert at running an apartment business, I would engage a great third party management company.

Regarding onsite personnel, the general rule of thumb is one office and one maintenance person per 100 units. So, in your 40-unit case, you would need 1/2 office person and 1/2 maintenance person. How you allocate these resources is another discussion.

I've been doing this for over 30-years. On the smaller properties, I have tried operating properties with and without onsite people. Hands down, it's much easier and more profitable to have onsite personnel.

Onsite personnel will:

-Handle unit maintenance work orders quicker and more inexpensively

-Turn units more inexpensively vs. having to hire contractors at higher rates

-Provide better customer service

-Fix problems before they get too big

-Baby sit the property so that it's cleaner and safer

-Rent units at higher rental rates

-Provide much better leasing results

-Handle a lot of various office and maintenance tasks more inexpensively

-And A LOT more

In the end, you are running a business that is very hands on and needs property oversight. Without onsite oversight you could experience these types of problems:

-Dirty property with trash all over and hallways loaded with spilled liquids and tenant trash

-Common area repair problems that don't get fixed for weeks or months

-Higher vacancy and lower rents because no one is around to market and show the vacant units

-Increased chance of bad tenants bring in more bad apples

-Paying more for outside contractors to repair simple and complex tasks

-No pride of ownership

-And, A LOT more

With a good management team both offsite and onsite personnel are critical to running a smooth rental operation that generates more cash to the bottom line. The more cash you have, the value you create.

Good Luck,

Craig Haskell

The biggest reason investors don't get involved in real estate syndications is that four letter word "RISK."

Work with investors who like real estate and are entrepreneurial (business owners, lawyers, real estate professionals.)

#2 reason is TRUST. Investors are investing in you, not the deal. Investors need to have the right amount of trust in you before they'll write a check for your deal.

Hi Jamie:

If you're new to real estate investing, I would recommend staying close to home. Typically, you have more resources, contacts, know the market better and have more synergy in markets close to home. All this boils down to less risk and a higher chance for success.

If you're going to bring investors into your deal, they will want to kick the property tires. If investors have to get on a plane, it's going to be harder to raise money.

Everyone is trying to find the next best market. Don't be afraid to look in your backyard.

Good luck,

Craig Haskell

HI Travis:

Let me throw my 2 cents in.

Real estate goes in cycles as most people know. These cycles are driven by real estate and economic fundamentals. Each year when there is overbuilding of the supply of rental space without the demand to absorb that space (negative absorption), then the market nears a top. If the economy has grown so fast where stupid capital chases poor investment assets, the market is nearing a top. Capital drives cycles because it influences capitalism.

At this point in the cycle, the general real estate market is not overbuilt in most markets. In fact, there are many markets where you can still buy real estate below replacement cost.

Construction loans (capital) are the most risky loans to get, especially on the commercial real estate side. Most high end buildings are being built by the big players who are either the low risk borrows or use cash off their balance sheets to finance their deals.

The middle market players (the biggest pool) struggle because of lack of capital. This produces less new development of inventory (supply), keeping downward pressure on overbuilding. This is great for real estate. We grow slowly until capital can catch up to start the next big development phase in this cycle.

There is no real estate bubble. Having been through 4 real estate cycles, we are not even close to over inflated pricing. The last really hard hit real estate bottom I participated in was during the Savings and Loan crisis in the late 80's and early 90's where the Federal Government set up the RTC to liquidate thousands and thousands of real estate properties throughout the U.S.

For example in Phoenix at the top of the market in 1988 where many S&L's financed deals, they built 32,000 apartment units and they only rented 4,000 (negative absorption). The vacancy rate peaked at 20%+ in some local markets. In 1990, they built "zero" new units and rented 2,000 units (positive absorption), very modestly reducing the vacancy rate. Most cycles in Phoenix last 6 to 7 years. We got so beat up in real estate during this time period, and got so low, the market need over 14 years to go through this cycle.

Again, because the housing market got so beat up during the last cycle that started in late 2006, I expect the upturn to again last longer than normal.

In most markets, we are a few year away from starting the overbuilding process. This overbuilding with high asset prices, creates a top in the real estate cycle. I think we are in the middle innings of the real estate cycle game.

My comments are aimed at the general real estate market. Some local markets are farther along in their cycle while other markets are lagging.

Hope this gives you new ideas to think about.

Take care,

Craig Haskell

HI Travis:

Let me throw my 2 cents in.

Real estate goes in cycles as most people know. These cycles are driven by real estate and economic fundamentals. Each year when there is overbuilding of the supply of rental space without the demand to absorb that space (negative absorption), then the market nears a top. If the economy has grown so fast where stupid capital chases poor investment assets, the market is nearing a top. Capital drives cycles because it influences capitalism.

At this point in the cycle, the general real estate market is not overbuilt in most markets. In fact, there are many markets where you can still buy real estate below replacement cost.

Construction loans (capital) are the most risky loans to get, especially on the commercial real estate side. Most high end buildings are being built by the big players who are either the low risk borrows or use cash off their balance sheets to finance their deals.

The middle market players (the biggest pool) struggle because of lack of capital. This produces less new development of inventory (supply), keeping downward pressure on overbuilding. This is great for real estate. We grow slowly until capital can catch up to start the next big development phase in this cycle.

There is no real estate bubble. Having been through 4 real estate cycles, we are not even close to over inflated pricing. The last really hard hit real estate bottom I participated in was during the Savings and Loan crisis in the late 80's and early 90's where the Federal Government set up the RTC to liquidate thousands and thousands of real estate properties throughout the U.S.

For example in Phoenix at the top of the market in 1988 where many S&L's financed deals, they built 32,000 apartment units and they only rented 4,000 (negative absorption). The vacancy rate peaked at 20%+ in some local markets. In 1990, they built "zero" new units and rented 2,000 units (positive absorption), very modestly reducing the vacancy rate. Most cycles in Phoenix last 6 to 7 years. We got so beat up in real estate during this time period, and got so low, the market need over 14 years to go through this cycle.

Again, because the housing market got so beat up during the last cycle that started in late 2006, I expect the upturn to again last longer than normal.

In most markets, we are a few year away from starting the overbuilding process. This overbuilding with high asset prices, creates a top in the real estate cycle. I think we are in the middle innings of the real estate cycle game.

My comments are aimed at the general real estate market. Some local markets are farther along in their cycle while other markets are lagging.