All Forum Posts by: Ian Hamer

Looking for suggestions on mentor / partners in the Multi Family space. I have 15 years experience as a Project Manager building Multi- Family projects anywhere from 9 unit town homes, 200 mid rise projects, to 400 unit Garden Style developments on previously undeveloped land. I would like to use my knowledge to team up with someone on the REI side so I can start to invest in these types of Projects. Currently in South Florida area.

Great Post! See you guys Saturday.

I'll be there!

@Lucas MachadoThen the question is when I get expenses on potential properties sometimes it comes out less than 20%   Should I be suspicious those numbers from the seller?

Anybody have input on this in the Miami, Ft Lauderdale, West Palm Beach, or Boca Raton area?

I have been looking at properties in Palm Beach and Broward County 8 units plus. What percentage of gross income should you figure for expenses if not provided on rent rolls? Most say 30%

I have been looking at properties in Palm Beach and Broward County 8 units plus. How many deals are getting done now and are any above 5% cap?

I am a local GC that builds Multi family for a big investor. I have 15 plus years of GC experience in South Florida. I am looking to invest as well. Maybe we can help each other out. Let me know.

What service are you looking for? I am a GC but also trying to invest maybe we can work something out.

I agree. I seem to be finding better numbers in the central florida coastal areas. I am a GC and build large multi families (300 units plus) for a large investor. Getting the inspections lined up is as easy as me taking a look. It just seems everyone prices at a 2.5% return and people are eating it up. Makes no sense to me.