All Forum Posts by: Han Oo

 Sure, I will. 

Hi all,

Good morning. I'm about of state investor looking to do BRRRR in Birmingham, AL. I would like to connect with other local investors, contractors, property managers, local lender and other vendors to complete the whole BRRRR project. I am an active duty Navy and have experience in buy and hold rental, multifamily syndications and under writing. Now, I want to do BRRRR and I always wanted do this strategy. Looking forward to learn and connect with you all.

@Michael S. Appreciate your insight. What about small like duplex to quad? What do you think? It’s rare too though compare to bigger multifamily?

@Derrick G McIntire Thanks for the comment. I’ll pm you.

@Caleb Bryant Thank you. I’m sending you DM and colleague request.

Hi, our team is looking to invest in small to medium multifamily in Huntsville and surrounding area. I’m looking to connect with investor friendly realtor, property managers, contractors, lenders. Thank you and looking forward to connect with you.

Hi good morning. I would like to connect with NNN investors, lenders and property managers in Las Vegas and San Diego.

I'm starting to look at some NNN deals and I have some questions.

1. How to increase value of the property at the end of the lease term?

2. If current tenant doesn’t renew the lease, what will happen to the value? E.g it’s a fast food restaurant.

3. What’s the better option? Buying with new lease Vs buying the lease about to end?

4. Has anyone syndicated the NNN deal before?

5. What's the best financing and LTV option?

Thank you all in advance.

I think that depends on your goal. I think $200 per door is ideal, but I don't mind $100 per door in the first year and increasing gradually. 

I am also looking into those markets too. I will be relocating to San Diego next month from Japan. I am in the US Navy, by the way. I am still at researching phase. I am also looking at Tucson, AZ too. It seems less competitive than the other two places. 

Let's connect. I have some experience in syndication as a GP and LP. I can underwrite deals.

For syndication, some people hold longer time. It all depend on their business plan. Beside that at syndication, there are 2 parties: General Partner and Limited Partner. General partner is the ones who source the deal, underwrite the deal, do due intelligence, manage the asset. They don't manage themselves. They hire the third part property manager. Depend on the size of the deal, they may put full time on site management or not. GP do all the works and manage the whole operation. They make sure they execute their business plan. Normally, GP team has a few people based on their roles and responsibilities. Limited partner is the capital provider. They invest money to pay for down payment, rehab, closing cost and acquisition fees, etc. So, LP are considered as passive investors and they do not involve in day to day operation. They receive periodical update from GP team, typically monthly about the property such as rent collection, rehab progress, etc. Then, LP receives quarterly distribution based on the return they agreed or projection. When the property get sold in future, LP get their equity split (60%, 70% or 80%). So, GP is the one who manage the deals and make decision. LP are passive investors. Good GP always look after their investors because their reputation and future business depend on the successful execution of their business plan and the profit or cash flow that they can bring for their investors. The main difference between JV and syndication is active role and passive role.

@LaVonne Eaton

Do you know them personally? What kind of offering did they do? What did they put in your PPM? I think you should check with real estate attorney or SEC attorney. As far as I understand, your investment is in the apartment’s escrow account and they cannot transfer. Please see what other people say too. They might give better suggestion.