All Forum Posts by: Andrew Hogan

congrats @Michael Cox :)

@John M. STRs can be a great cash cow.

Finding one solid deal to 1031 into is tough enough... don't make yourself find THREE deals to satisfy a 1031. There are other strategies to achieve similar results...

 Love these @Steve Vaughan!

A little generosity and kindness can go a long way.

Syndications can offer much better economies of scale, long-term tax advantages, and wealth creation in addition to less headaches due to their passive nature. 

1. Hold folks to their budgets and incentivize/disincentivize them for coming in below/above budget.

2. Everyone has the same 24 hours in the day. Ask yourself what you're doing to make the most out of your 24 hours.

3. Always have backup credit lines ready in addition to cash reserves.

4. Hire slow, fire fast.

5. Find a partner who aligns well with your core values and pushes you to be better.

Congrats on the success thus far @Julia Beresfoes.

You won't be as hesitant anymore after you see that "lazy" equity working harder for you.

"Return on Equity" is an underrated equation that investors should be constantly running on their investments.

@Buck Dabill

Have you given much thought into the exit plan?
How long would you be looking to hold? How would you go about promoting and selling this to a potential buyer?

Aside from the significant operational risk getting the property into shape, you would then have to continue to manage which is a whole other ball game :)

Sounds like there is a high upside potential, but being your first multifamily go-around, there is a good amount of down-side risk as well.

@Guy Idan it's tough finding a good deal just about anywhere at this point. Some places you can get a better "bang for your buck" than others. That's just one reason why we love the Midwest and especially Indiana.

While Evan pointed out cap rates and rent growth, I'd argue that investing in Indiana has a tortoise versus hare approach to it. It may not have the highest rent growth in the country but it has had nearly 40 years of consistent rent growth.

Further, Indiana is the #1 state in the Midwest for business and #9 in the country for business tax climate vs. Georgia #32  "2022 State Business Tax Climate Index" 
1st in most pass-through highways 
1st in shortest distance to the median center of the US population (within a day's drive of 50% of the population of US and Canada)
#2 largest Fedex hub in the world.

Those are just a few reasons why we love it, what about you @Paul Shannon, @Justin Goodin, @kentritter?

You should confirm with a trusted advisor of your own. I'd my understanding that your losses can help to offset the ordinary gains/depreciation recapture portion of your tax exposure but not the LTCG... 

I can DM you a good CPA @Pat Goodyear

I have heard of investors be able to completely offset their tax exposure to get a 1031 feel without having to do one.

Good luck!

When it comes to syndications, the biggest risk is always the group in charge of executing the business plan: operator/sponsor/syndicator/GP etc.

The smartest investors focus their efforts on underwriting the GPs than the deals themselves because a great operator can turn around a bad deal and a bad operator can wreck a good deal pretty quickly.