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All Forum Posts by: Darrin Yon

Darrin Yon has started 3 posts and replied 14 times.

Post: I'd like your advice......

Darrin YonPosted
  • Investor
  • Posts 14
  • Votes 1
Quote from @Percy N.:

@Darrin Yon, what is the typical range of the deals in the markets you are looking at?

What is the capital stack structure you envision for say a $15mm deal?

What are your target returns?


Good question Percy. I assume that capital structure you mean how much money would I put into a $15mm deal? At least 60%-65% unless my capital partner could facilitate better financing alternatives. The properties I'm looking at for deals now fall into the dollar amount you estimated in this market. They're typically earning between $700K-$800K+ after expenses are paid and I'm targeting this type of return in my market. These are 100+ unit multifamily properties. My lender has agreed to 70% LTV on these types of properties so I'm basically gauging ways to establish the interests of other investors preferably those experienced in multifamily properties. Hopefully, I've answered your question.

Post: I'd like your advice......

Darrin YonPosted
  • Investor
  • Posts 14
  • Votes 1

Thanks a lot, Arn my value to any deal is at a minimum I'd be funding 65% and my partner(s) would be all in for the remaining 35% or whatever we came to terms with. I'd be shouldering the financial load. I have what I believe are solid ideas for a partnership and you're spot on, it's the experience I'm in need of in a partner. Thank you again, and I'll follow up on your tips for success! 

Best regards,

-Darrin 

Post: I'd like your advice......

Darrin YonPosted
  • Investor
  • Posts 14
  • Votes 1
Quote from @Arn Cenedella:

@Darrin Yon

I’m located in Greenville SC.

Network like crazy - go to local investor meet ups - get active on social media - and you will start to find partners.

An equity partner is probably going to want control of the deal - I know I would. 

My suggestion is to start to network find potential capital partners and then go find a deal. Bring in an equity (presumably more experienced) partner share in the profits and learn as you go.


Post: I'd like your advice......

Darrin YonPosted
  • Investor
  • Posts 14
  • Votes 1

Greetings All,

What advice would you give an investor who's searching for an equity partner or an equity partnership for the purchase(s) of multifamily properties? Currently, I'm looking at 100+ unit properties to ensure I have cash flow that's worthwhile once expenses are paid. I'm definitely open to networking and establishing contacts. What are your thoughts?