All Forum Posts by: Juan Vargas

Usually it's your contribution and equity into any specific syndication. You could ask the sponsor to ask what the current value of the property and calculate the difference based on your % of ownership. 

But as Chris mentioned, might be better to calculate based on the initial investment unless you have an appraisal or BOV. 

I don’t control any triple nets but do know some very experienced investors who do. Overall they really like both double and triple net leases  and are actively pursuing more these days as multifamily deals become thinner. 

You're right, could be the best out of several not so good deals. And we can't necessarily blame the brokers for pricing them like that either. If guys keep coming in and paying for the value up front, they're gonna keep pricing them that way. 

Finding value add multifamily properties where the broker hasn't added the "value add component" into the whisper price. The whole point in buying a value add is to "add value", not to pay premium for it and STILL have to inject more capital into it. 

@Jon-Michael Veronesi You definitely can refinance the property if the numbers work out. The lender will have to make sure it meets the minimum DSR (NOI/ Debt Service), usually at 1.25.

Rule of thumb is usually around $250-$300 per unit per year. However, and as you mentioned, it varies greatly depending on location, asset class, etc. 

@Josh Thomas Wehner, City Gate, Fairmont are a few you can reach out to. 

Wow, this thread is still going strong... 3 years later. Great job @Brian Adams. 

Have to agree with @Omar Khan on this. Make sure it's the best use of your time (calling brokers may be a better use of your time since they have properties where owners are already wanting to sell) and figure out what size of properties you're wanting to pursue. Direct mail will give you a higher response for the smaller mom and pop type properties. As @Brian Adams mentioned, figure out what their pain points are and write it so that they will feel confident and reach out to you. 

@Mike Dymski Great info, thanks for sharing. Good to see charts like these showing some past history and projections on rents.