All Forum Posts by: Jason Rosenblum

@Trevor Aydelott please PM me

Dave, 

Cannot address all your questions, however assume you are running a syndication?

If so, get with an attorney as you are not allowed to commission anyone not on the GP and certainly not based off a % amount of capital brought in...

I would suggest if you are looking for someone to help raise, add them on your GP and pay them a consulting fee.

The SEC is cracking down on commissions from what i am hearing.

Hope this helps

Have around 7 houses in North county area that i'm looking to dispose, 35-40k per.

Thanks Will.

This property is in the 29201 zip. I gathered from visiting the area last week that the deals are more cash flow plays vs appreciation.

It's about 9 minutes away from UofSC so not sure if it is a student play as the demographic near property wouldn't appeal to students IMO.

Current ownership bought the property near 2 years ago and haven't raised rents more than $50 and comps we looked at were in range with that increase.

Would love to connect to hear your experience there thus far.

How many units are you looking for?

I have used it a couple times and am familiar with the system, it's a way to contact property owners directly. I haven't had a deal from it, but it serves as a good infrastructure especially if your cold calling anyways. 

Is anyone here familiar with the multi family market in Columbia SC. We have been looking at deals there and went to visit, however i am having a hard time wrapping my head around why rents have stayed pretty low there over the last couple years, if any MF investors who have experience in this market can share their experience, would be appreciated!

Have you tried reonomy?

Stephen, I live in North Miami, lots of upside here if you can get your hands on anything. Rents are growing, job market is strong, certainly are higher end markets towards Biscayne ave, but really depends on what type of assets you are looking for.

On the multi-family side, there is a huge deal being marketed right now, 886 units throughout NMB.

SFH i am not as familiar with.

Just sent you a connection request, would be glad to speak.

It depends on what type of asset you are buying, where and how many units.

I was involved in a very large multi family portfolio in STL, over 1,600 units ranging from St. Ann MO all the way up to union.As a multi family investor looking for bigger deals, i stay far from this market. Even in the better areas, i saw occupancy drop and rents that are not supporting current prices. If you'd like to connect i'd be glad to share my experience there. But i personally look to invest elsewhere even though we have footing in STL market.

Not to say there aren't areas with upside, but if you are already from OOS, i would look in better markets, even if STL pricing seems attractive.