All Forum Posts by: Josh Eitingon

@Liz Cresci, it was found through a close broker relationship.  It had just fallen out of contract.

@Account Closed- definitely, see you there

@Matt Motil- for this deal I offered investors a 7% per annum preferred return on their investment and then a 50/50 on proceeds thereafter.  You can message me with any specifics, I'm happy to share.

Will do, I should have at least dropped in a picture

Additionally, I'll make a point to update everyone throughout the project

Hi All,

I've been a multifamily investor for the past 4 years.  With each deal, I have syndicated them in some way shape or form.  They have ranged in size from my first 20 unit which was bought and sold recently to 70 units in Florida.   With each, the opportunity has been around looking to build value through either physical or operational improvements.

 I'll always see the value in traditional multifamily investing and think there is no better way for long term wealth building.  With that said, being able to develop a project has been a dream of mine.  

As a first step towards that goal, yesterday I closed on a 7 unit high end condo project for $1,000,000 on the ohio river, overlooking downtown cincinnati.  The building already exists and one unit was fully completed and the other 6 are basically down to the studs.  This was a stalled project purchased as a short sale that we plan to bring back to life and sell within 12-18 months.    

Just wanted to make the announcement and put myself out there to share whatever details the BP community would like to hear about the deal.  

-Josh

Join us for networking and multifamily apartment investing as we Interview John Cohen on his 48 unit deal and how and why he chose the syndication structure that he did.  Check out his most recent announcement in the bigger pockets forum:

http://www.biggerpockets.com/forums/223/topics/216...

WHAT YOU'LL DISCOVER IN AUGUST

At our August meeting, we will dive into an investor's first deal to find out exactly how he got it done. We will be speaking with John Cohen, who closed on 48 units in Columbus Ohio. We will discuss:

• How John selected the market, and found he found the deal
• We will focus on he structured the deal, and how he brought investors in
• What his plan is for the property, and how he plan to scale his real estate business

We want these meetings to be a place where motivated investors come to get their questions answered about investing in multifamily properties. Like a REIA meeting, we feature networking so you can be surrounded with like-minded investors. Our mission is to create value for the attendees and make sure that you get your questions answered, in a friendly atmosphere. Come and join us for FREE for your first meeting!

Register here: https://nationalreis.leadpages.co/limig/ 

Hotel Viana- 3998 Brush Hollow Road, Westbury, NY

Congratulations John!  Next up 10M deal in the hopper!

See ya Thursday

The company that I work for is a coaching company.  Having been to a bunch of the previews and 3 day bootcamps, I completely understand how they are sometimes seen with a bit of a stigma.  I began as a client of elite apartment coaching after attending one of their seminars and definitely have no regrets.  We do sell a coaching program but, do not push it (we truly hate the companies that will have people that can't afford it do credit card payments, etc.)  Everyone leaves with an incredible amount of value and I think our reputation reflects that.  For the cost of the weekend, I think it is a no-brainer investment in your own education.  

Agreed on listsource- we've used them and had pretty good success.  Also, prospectnow.com

Good luck!

The Multifamily Investor Weekend

This is a premiere comprehensive training, all laser-focused on investing in apartments.

This live 3-Day event will show you how investing in apartments can put you on a path to financial freedom. You will understand how to invest for profit while minimizing risk, and free you from your fear of playing a bigger game.

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• You're a beginner who knows that starting smart doesn’t mean that you have to start small
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