All Forum Posts by: Dallon Schultz

$15 tickets include admission, food, local vendors, guest speakers, education and networking 

Come learn about commercial financing and listen to how our guest speaker raised over $1MM to purchase his most recent multifamily property!

** IN-PERSON ($15 Ticket required): Purchase your ticket below on Eventbrite before they sell out, in-person attendance limited to 50 people!

https://www.eventbrite.com/e/1...

** VIRTUAL (Free): Register for the Zoom call if you are unable to attend in-person. The call will begin at 6:30 pm to allow for in-person networking. Zoom Ticket is free!
https://us02web.zoom.us/meeting/register/tZEvdeivpzIpHtJ2yfmH3ywRy0ymYj0YwpRs

Help the community grow by sharing this event with friends and like-minded individuals looking to grow in real estate investing!

About our Speaker: Financing and Raising Capital with Zack Niemeyer

Zack is an active multi-family real estate investor. Zack's first multifamily investment was for a 42 unit apartment complex in Chattanooga, TN which successfully created a 60% return after one year of ownership.

Zack finalized the acquisition of a 107-unit apartment deal in Tucson, AZ at the end of December 2019. As a general partner, his main role involved investor relations and capital raising. It is his mission to bring the best product to the market and maintain complete transparency with investors. Additionally, Zack provides support to the operations, construction, and management of multi-family assets. His goal is to acquire more multifamily assets in 2021 as he works to develop and establish his own brand.

We are so excited to learn from Zack this month on how he navigated raising capital and financing his multifamily deals.

@Alexander Wehrmann the grass is greener where you water it. I always encourage people to start with the end in mind and make sure you're taking consistent and focused action in that direction. That typically requires knowing your market and property criteria. I'll tell you right now you'll find people that are doing good and bad in every market, the only difference is you won't hear about the bad ones as frequently because who wants to talk about a bad deal? There will be competition wherever you go. Identify a market, know your property criteria, build your network/team then make sure you've exhausted all efforts and resources before deciding to switch things up or adjust your criteria. 

"More is lost with indecision than by wrong decisions." -Gino Wickman

Let's connect and get you plugged into our local meetup network. You'll find people that could answer questions and provide more value than I can. I've sent you a message to connect.

Dallon

@Austin G. I sent you a message to connect. I host one of the largest meetups exclusive to multifamily in the Phoenix valley focused on education and networking. Our next event is in less than 1 week and there are only a few tickets left. Let's connect and I'll get you squared away.

@Alexander Wehrmann I'll be honest finding an "off market" deal in the Phoenix area will be tough to come by. Especially in today's market it would be unwise for a seller to NOT take it to market with how hot it is. With that being said it's not impossible. You're probably already doing this but rather than looking for off market deals you may find it more efficient to build relationships with those agents that do a lot of these smaller deals as they will have more connections and could lead you to an opportunity whether it was on or off market.

RESERVE YOUR TICKET HERE (50 TICKETS MAX)

https://www.eventbrite.com/e/1...

TICKETS REQUIRED IF ATTENDING IN PERSON.

This is event is also streamed via zoom for those unable to attend in person. Click the link to register!

https://us02web.zoom.us/meeting/register/tZEqdO6orj4oG9ZFY0JnodogFaeW0G_ycRDK

Come learn how to analyze a multifamily property with our guest Speaker Mike Ashish Angelo. Mike currently holds partnership interest in 288 multifamily units as well as several single-family properties and has analyzed over 500 deals in the last 12 months.

Multifamily Investing is a Team Sport

Claim your free ticket by clicking on the link below! (In person seats limited to 50 people)

https://www.eventbrite.com/e/r...

Register via Zoom if unable to attend in person (Please note that the zoom meeting will begin 30 mins after the start of the event to allow for in person networking)

https://us02web.zoom.us/meeting/register/tZ0kcuigrTIrHN1Af5tntA6vYXCnIq2cJs-t

In this months meetup we will cover...

• -Required Team Members and their ESSENTIAL roles
• -Knowing your investing criteria
• -Know how to identify a strong market
• -LOI to CLOSE, the untold story of all things that could go wrong

As the owner of Kahuna Investments, Corey strives to provide his investors with stable cash flow returns and long-term capital appreciation by buying multi-family apartments. Corey has managed and acquired over $95 million in real estate across the country. He is the bestselling author of “Copy Your Way To Success – Standing on the shoulders of Giants” and host of the Multi-Family Legacy Podcast. He speaks around the country on this subject including at Harvard and Nasdaq. Corey is frequently featured on FOX, CBS, ABC, and NBC affiliates.

Reserve Your Free Seat Now! https://www.eventbrite.com/e/1... Register for the zoom link if unable to attend in person by clicking the link below: https://us02web.zoom.us/meeting/register/tZYkceiqqTIjGtE6K-sZ0op5gJkD0Lr5mO4L In this months meetup we will cover... -Stock Market vs Commercial Real Estate -The 3 TOP reasons to choose Multifamily -Why Multifamily real estate is the most recession resilient -How to Value Multifamily Real Estate -How to obtain multiple streams of INCOME with ONE asset -How to prepare for initiating broker communication -Current market updates With guest speakers/multifamily brokers Kimberly Rollins & Dallan Randall from Commercial Properties Inc.

@Curtis Bonsignore we all started with little to no experience at one point so don't let the fear of not asking the right question prevent you from networking. You will find that the majority of contributors on BP are truly here to add value. On occasion you will experience "not as valuable" comments by people that need to inflate their egos but you'll experience that anywhere and everywhere. With that being said it is important to constantly educate yourself in the space so you can have deeper and more valuable conversations with others in the space. That is how you establish credibility with potential partners and investors. 

To answer your question it took me a while to get involved on BP. I began the majority of my networking in person and word of mouth. I realized though that by taking that approach it was limiting me to local networks. You definitely need and want local networks but I decided that by becoming active on BP it would only expand my network even further. You'll most likely find a few different methods of networking that work and make sense to you and those are the ones you should focus on. If you focus networking on all platforms you might get overwhelmed. Start with one that brings you the most value and get comfortable with that before moving to the next. You'll realize it becomes easier and easier to network.

With that being said I do host a free educational based meetup in the Phoenix area focused on multifamily investing. We keep it simple and have created a high energy environment with both new and experienced investors, so everyone can come together to network, learn, and become empowered. We do stream them over zoom as well for those unable to attend in person. This probably isn't something you're interested in but if it is let's connect further and I can provide you with more details.

@Bryce DeHaan from what you're sharing it sounds like getting clarity should be your first step. You're not interested in smaller deals which isn't a problem, in fact I think you're already ahead of the game having this mindset, but what size are you interested in? What market? What price point? Answering some of these questions and really gaining that clarity will help drive your focused actions. You want to make sure your goals and actions have compounding interest, not diminishing returns and that can only come from knowing what it is you want. 

You may be new to real estate but what are you already good at? What skills do you know you can perform at a high level to provide value to others? Identify those and access them. Find out how they can apply to your situation in real estate and take action.

"A good deal is a good deal no matter how expensive right?" What defines a deal as a good deal? There are so many variables that can go into this. How did you underwrite it? What's your business plan? What does the market support? Your definition of a good deal could be completely different than mine. From experience I've learned that more often than not people invest with people, not because of a specific deal. Once you gain that reputation and prove yourself then referrals will start coming in but you need get to that point first. 

The enthusiasm you possess is great! But unfortunately being obsessed with real estate won't be enough to raise the money you may be seeking. You state that you can provide tons of value but in what way? (You don't need to answer this to me but ask yourself this as you network). As you network and build relationships I encourage you to enter every conversation with a goal to really figure out what your contact needs/wants/values etc, and provide them with a solution. 

I'd be happy to connect further. I think a phone call would be mutually beneficial. 

@George White it's a good idea to show proof of funds, a letter of interest from a bank, or at minimum a term sheet from the bank to show the seller that financing won't be an issue. It makes your initial offer all that much stronger.

As far as the contract goes read through it and make sure it covers your basis. If there are things missing or that don't apply put them in an addendum. 

Based on what you shared I fear that this inexperienced agent in the commercial space is going to try to compensate by making the transaction more difficult than it needs to be. Stick to your guns, make sure everything is in writing, and don't be afraid to call the agent out. If you'd prefer to do a commercial contract because that's exactly what this is then demand it.