All Forum Posts by: Josh Eitingon

On the last Monday of each month, Josh with JAE property group will host an hour long live webinar. Josh will lead you through case studies, specific topics or, a Q&A with an industry professional. We will pull back the curtain and get deep into the numbers. Josh will highlight some of the specific opportunities, nuances, and challenges that have been encountered with each property. Webinars will range from an in depth case study to a Q&A with guest speakers sharing their experience in the industry. This will feature properties across multiple markets, of various deal sizes and profiles.

The webinar on June 25th will focus specifically on a review of a proforma.  We will talk through each of the line items highlighting underwriting differences associated with multiple size (unit count) and profile deals.  

Register By Clicking Here

About Us:

Josh Eitingon is the founder and manager of JAE Property Group. He oversees all major operations of the company and is instrumental in all phases of multifamily asset deal sourcing, structuring, acquisition, and investor relations. He brings experience diligently managing full re-positioning projects as well as optimizing already performing assets. JAE has successfully transacted on over 20 million dollars’ worth of multifamily investments that clearly fit into their defined investment strategy.

www.jaepropertygroup.com

Cleveland has a good bounce back story and I like to think there is a little more room from a market growth perspective in Cleveland vs. the other large ohio cities columbus/ cincy

Buying the right deal with a good story any value in any of those markets should offer good relative value vs. your home-town deals.  Agreed with @michael seeker

Hi All, we are still on for today.  

The snow was definitely underwhelming.  Looking forward to seeing everyone this evening!

@Chihiro Kurokawa sub 50 units I had the most traction.  I think spreading them out over a longer period of time may be more effective than 6 in 6 months - others may disagree.  

I would reference address.  Name will be time consuming to track down - agreed.

Make sure he/ she has done it before and is successful.  Get referrals (many) -- both active and past clients.  

Make sure the value is very quantifiable in relation to your realistic goals

I've done it with some success for the smaller deals.  You've got to be consistent with it and need to commit to repetitiion.  Prospect now is good in terms of data.  As deal sizes increased success rates with direct mail decreased.  If/ when the market changes, it should be more effective.  

Try to be as specific as possible to trigger a response.  Generic is easily discarded.  Hand writing a portion or noting something about the neighborhood and your familiarity with it is good.

Join Josh and JAE Property Group in March for a multifamily investment presentation and networking in Garden City. The presentation will be 99% informational with just a brief amount of time spent on JAE and what they do.

During this meeting, we will open the doors at 6:30 PM, for networking. At 7PM, we will begin the 45-60 minute presentation focusing on the topics below below. After the presentation Josh will encourage open dialogue and the room will be available for additional networking.

Agenda

About Us -- What we do
Why invest in Multifamily Real Estate
Where we see opportunity
Passive investing benefits and risks reviewed
Where to invest in Multifamily Real Estate?

• Pros and cons of different markets
• Submarkets- what to look for

What to look for when you consider investing in a deal

• The profile of the project and its associated risks
• Underwriting considerations
• Return expectations
• Investor relations

Open Discussions

Questions and comments throughout will be welcome.

Space will be limited. Please register for the event by clicking here

Contact Josh with any questions prior to the event here: [email protected]

JAE Property Group

About Us:

Josh Eitingon is the founder and manager of JAE Property Group. He oversees all major operations of the company and is instrumental in all phases of multifamily asset deal sourcing, structuring, acquisition, and investor relations. He brings experience diligently managing full re-positioning projects as well as optimizing already performing assets. Through JAE, Mr. Eitingon and partners have successfully assembled a portfolio of multifamily investment properties clearly fitting into a well-defined investment strategy.

Mr. Eitingon began his career working for a software company in Manhattan, NY. As a Sr. Project Manager, he leveraged those research skills to identify, analyze, and acquire multifamily properties. JAE was founded by Josh in the beginning of 2012. June of that year he purchased his first investment property; a distressed 20-unit apartment building in Cincinnati, OH. After that, he joined an investment group on Long Island, providing advisory and consulting services in multifamily investment. He led the acquisitions team during that time, acquiring over 100 million dollars' worth of real estate.

He is an active Chamber of Commerce member and honoree. Mr. Eitingon is a graduate of the University at Albany. He loves the beach, camping, and his dog Blue.

Join Josh and JAE Property Group in March for a multifamily investment presentation and networking in Garden City.  The presentation will be 99% informational with just a brief amount of time spent on JAE and what they do.

During this meeting, we will open the doors at 6:30 PM, for networking. At 7PM, we will begin the presentation covering the agenda below. After the presentation the room will be available for additional networking.

Agenda

About Us -- What we do
Why invest in Multifamily Real Estate
Where we see opportunity
Passive investing benefits and risks reviewed
Where to invest in Multifamily Real Estate?

• Pros and cons of different markets
• Submarkets- what to look for

What to look for when you consider investing in a deal

• The profile of the project and its associated risks
• Underwriting considerations
• Return expectations
• Investor relations

Open Discussions

Questions and comments throughout will be welcome.

Space will be limited.  Please register for the event by clicking here

Contact Josh with any questions prior to the event here: [email protected]

JAE Property Group

About Us:

Josh Eitingon is the founder and manager of JAE Property Group. He oversees all major operations of the company and is instrumental in all phases of multifamily asset deal sourcing, structuring, acquisition, and investor relations. He brings experience diligently managing full re-positioning projects as well as optimizing already performing assets. Through JAE, Mr. Eitingon and partners have successfully assembled a portfolio of multifamily investment properties clearly fitting into a well-defined investment strategy.

Mr. Eitingon began his career working for a software company in Manhattan, NY. As a Sr. Project Manager, he leveraged those research skills to identify, analyze, and acquire multifamily properties. JAE was founded by Josh in the beginning of 2012. June of that year he purchased his first investment property; a distressed 20-unit apartment building in Cincinnati, OH. After that, he joined an investment group on Long Island, providing advisory and consulting services in multifamily investment. He led the acquisitions team during that time, acquiring over 100 million dollars' worth of real estate.

He is an active Chamber of Commerce member and honoree. Mr. Eitingon is a graduate of the University at Albany. He loves the beach, camping, and his dog Blue.

I think that approach is as good as any. Familiarity with your market (assuming generally positive demographics / job growth) and really understanding it is more important than finding the 1 where all indicators perfectly.

I know panama city well too.  I actually just sold Cottages by the bay, a 70 unit community off of thomas drive in the beach area a couple months ago.  Really like the market but, agreed there is only so much supply on the MF side.  

Love Asheville too.  Also, limited supply for multifamily.  

I like the thought process of Tucson with its proximity to where you currently are.  The southwest as a whole has gotten a lot of attention with a lot of Tech support jobs moving south b/c of a size-able employee pool and much more affordability.

I don't think there is a right answer market wise but, I would say to focus on purchasing with relative value in a strong submarket.  

Hi Marc, do you plan on having one LLC own all across your potfolio? Or, will there be multiple LLCs?