All Forum Posts by: Jillian Sidoti

Go to crowdfundinglawyers.net they are right in DFW. Chris, just curious, who is your lawyer? I am shocked with the changes in the economy that a securities attorney is that busy. 

Hi. Just Google the 7 deadly sins of dsts. It has been a rare day where I could get a DST to work right.

My old law firm, Crowdfunding Lawyers, just finished Grant Cardone's $75million fund. They do funds like what you describe all the time. I am no longer there, but if you want an introduction to someone over there, I would be happy to introduce you.

Wow. Tyler, I am so sorry you had to come on here and put this much effort into a defense. I am so glad you did, however. Thank you so much for sharing. There are obviously two sides to every story!

This kills me. I am sorry this happened to you. I never got the whole "this will change your life" sales pitch - it is only going to change your life if you put the work in. And, by the way, if your "mentor" tells you they are going to invest, get them to make that commitment BEFORE you sign on the dotted line. That's what we do and we basically tell the students that "if we aren't willing to invest, it's not a good deal and you shouldn't do it." 

WE tried both and Costar is head and shoulders above Yardi. It is more expensive. Ask for a demo and see if your markets are covered by Yardi and it might not matter. WE ended up buying Costar because we have students all over the country and we couldn't risk not having a market for them.

Just go to the Crowdfunding Lawyers Youtube and watch all their videos. That's my old firm. They just put out some really great beginner videos recently. 

Oh thanks Justin! 

Is this in Arizona? What is the litmus for claiming $300 under market rents? You won't be able to push that kind of increase on current tenants. 

50/50 isn't unusual. Also depends on how much work is required. Is there a management fee? 

The first thing you want to consider is if there is an eviction moratorium in place where this property is. It's hard to evaluate the property without knowing the exact area, but you've given some good details. One thing to consider is that you most likely will not be able to push rents to 1500 on the current tenants. But let's just assume that you get $1,500 a month with new tenants on all three units. If this is the case, a low income expense ratio would be 30%. So that would give you about $37,800 per year in noi. This would result in a cap rate of about 7.2%. On the other hand if you only keep it at $1,000 per unit, that gives you a cap rate of about 4.8%. Is this good for cap rates in the area? It's hard to tell without knowing the area. Good luck!!