All Forum Posts by: John Cohen

Renovated duplex in Convington, KY the first floor tenant just moved out. We are looking for a tenant now and have some applications, but this would be a great first complex to live in and rent out the other unit. Nice property, great location, and perfect starter investment or piece of a portfolio. 

I own 26 units in Northern KY and love it! They cash flow great

@Kevin Wiley I am looking at a larger complex in Tampa, 244 units. We don't own anything in the are and would sell it off, but I don't know if that is too large for you. If you know or @Shane Odom may know a buyer we could make something work 

@Taylor Exline-Ward I love that area!! We currently own about 30 units in the area and just sold a 6 unit. We are always looking for new people to network with and also currently getting ready to sell some properties. Would love to set up a time to talk about potentially selling some properties or just meeting some new people

We are pleased to let you know that we have scheduled an exciting informational night on July 19th and hope you can join us. What is an Offering Memorandum? Find out at our next meeting as we break one down from an existing deal, allowing you to be more versed on the subject!!! Much like our last meeting, our focus is to provide you with authentic information about multifamily investing and provide some specific information about what we are working on and how you may be able to work alongside us. If you attended our past events you should now have some basic knowledge on various real estate tax strategies, a break down of different deal structures, what goes into creating a market analysis, insight to our current deals, how to pitch to an investor by watching a live shark tank, how to underwrite a deal and due diligence. This is all done while providing you with an authentic education on real estate investing. But don't worry if you haven't attended a past meeting - we are still providing you with MORE for free!!!

Our free monthly meeting will focus on a breakdown of an Offering Memorandum, “OM”. There is a wealth of information in an OM which can become overwhelming. Let us simplify it for you by running through an OM from one of our existing deals so you have a better understanding of the objectives, risks, and terms of the investment in the deal. We will also share updates on our current deals and provide the opportunity for networking at the end.

Please join us for this FREE event on July 19th at 7 PM at the Holiday Inn at Westbury, 369 Old Country Rd, Carle Place, NY 11514. Please see this link for the Facebook event: https://www.facebook.com/events/1811713269144613

I want to let everyone know we are having another event Wednesday, 7/19/17, at the Holiday Inn in Westbury, NY. The address is 369 Old Country Rd, Carle Place, NY 11514

Time: 7PM-10PM

Topic: How we breakdown an OM from a broker and start the initial review

Look forward to seeing everyone there. Please respond here with email address or Direct Message me if you are interested in coming.

John

Our free monthly meeting will focus on the topic of multifamily property and the due diligence process. This can be one of the most important steps in acquiring property - you want to make sure that you are really getting what you are paying for after all!

While it is impossible to cover all the areas involved in the due diligence process, there are a number of problematic areas that are more common. We plan on discussing the process of due diligence, what to look out for, how to avoid these problematic areas and what you can do if you have a property under contract and discover that there may be some discrepancies that were uncovered during the due diligence process. Most people may not realize that a successful deal is created at the time you buy at the negotiating table, not afterwards. This is why it is so critical to be aware of the due diligence process!

Please join us for our free monthly meeting and share the information about our meetup group and meeting with other investors or wanna be investors you know! We look forward to seeing you.

@Michael Hooper Love it!! I would jump in, thats what we did and I wish I would have jumped in earlier.

@Gentry B. Larger multifamily is a great space. I think the first question to ask youself is what are you looking to accomplish? This will help you work backwards to find the type of deals you want to target. The question you are asking is a little too broad, but if I can give one piece of advice make sure you have great management and KNOW the submarkets!!!

@Steve Jellen Will add you now!! Please come by tomorrow