All Forum Posts by: Julia Bykhovskaia

For educational purposes, check out Joe Fairless book on Syndication and Brian Burke book "Hands off Investor" - talks about metrics. Fee free to reach out with questions. What I would do now? Wait, watch and build relationships with the brokers/lenders. Cheers,  

@Jonathan Twombly That NREI article you posted (and the original one in WSJ) talked about lodging/retail/senior housing CRE. Those industries are going through a secular change. It didn't talk about multifamily - cyclical decline. Multifamily prices will adjust (due to lower NOIs and less attractive financing terms), no doubt - but it is NOT likely to be 2008 kind of a meltdown. I agree with @Ivan Barratt and believe that those who insist on 30%+ discounts when they might not be warranted (cash flow is still there albeit slightly lower; relative risk is attractive, capital is looking for home) will simply miss the opportunity to invest/grow their portfolios.

https://www.meetup.com/Apartme...

Apartment Investing Mastery - NYC Meetup is very excited to announce our next event: "HOW TO ANALYZE A RENT ROLL" by Julia Bykhovskaia of Sunsail Capital, a multifamily investor and AIM NYC Host. This meetup is brought to you in collaboration with InvestUp! Multifamily Apartment Real Estate Passive Income meetup.

Julia is an experienced investor who started her career in 2003 as as research analyst working for various hedge funds. Today, Julia is a full time real estate investor and is focused on multifamily deal sourcing and underwriting.

PLEASE NOTE: Space is limited and we will collect $5 fee to help cover the cost of the rented space.
PLEASE PAY ONLINE here: https://howtoanalyzerentroll.eventbrite.com

The cost at the door will be $10.

What to expect:

1) What is a Rent Roll

2) What is Market Rent

3) What is Effective/InPlace Rent

4) What is Loss to Lease

5) Unit mix

6) What to pay attention to

7) Turnover

8) Lease expiration schedule

9) Other income

10) Delinquency

11) Vacancy

and MUCH MORE!

If you are serious about attending please pay for your ticket now! RSVP'ing for this event alone without payment does not guarantee you a seat.

If you have a friend that may be interested in being an investor passively or actively bring them along!

PRESENTER:
Julia Bykhovskaia of Sunsail Capital - AIM NYC Host

WHEN:
March 10th
6:30PM Networking
7:00PM-8:00PM Presentation and Q&A
8:00PM-9:00PM Networking

WHERE: 149 West 46th, New York, NY, 10036, 3rd Floor. Please Bring ID to get past front desk security. The place is called Michiko studios and event will be help at STAGE 2 auditorium.

Near to the

N/R/W Train @ 49th Street

B/D/F/M Train @ 47-50 Street Rockefeller Center

C/E Train @ 50th St

1 Train @ 50th St Broadway

7/N/Q/R/W/A/C/E Train @ 42nd St Time Square

@David Hoke I am considering taking a live course this year - maybe we could do it together and reduce our price point :) I think live course is the way to go. 1) Networking 2) You actually go and see houses

@Gerry Magrini Hi - I'm the one who's renting apartments from landlords. If the guy is legit and has experience and good reviews - there's no huge downside. Ask him to see his existing listings and read the reviews. Things to ask about: 1) his tenant screening process and what does he do to ensure no parties: I request guest IDs, don't allow anyone below 25, don't allow locals and especially careful with 1 night weekend reservations. 2) regulations - are STR actually allowed in your area? Do you need to register? Get a license? If STR is illegal you will be fined 3) I would ask him to get commercial insurance from Proper and add you to it as a beneficiary 4) your LT tenant might indeed not be happy about it. But if everything is going well, you can just give that apartment to the contractor as well :)

Apartment Investing Mastery - NYC Meetup is very excited to have Jason Yarusi present at our next educational event: MIND OVER MATTER TO SCALE BIG WITH MULTIFAMILY!

Jason Yarusi of Yarusi Holdings is an experienced entrepreneur, a successful real estate investor and the host of Real Estate Investing Foundation Podcast, and will share his experience investing as a General Partner in over 750 multifamily units, as well as talk about the mindset that you need to achieve success with big scale multifamily investments using a Real Life Case Study based on his own experience.

PLEASE NOTE: Space is limited and we will collect $5 fee to help cover the cost of the rented space.
PLEASE PAY ONLINE here: https://www.eventbrite.com/e/december-aim-meetup-mind-over-matter-to-scale-big-with-multifamily-tickets-84671228925

The cost at the door will be $10.

Some of the things we will be talking about:

1) How to Start

2) Why Jason chose multifamily

3) Where to look for help/mentor

4) How to educate yourself

5) Real life example going from 3 family investments to 94 unit complex

6) lessons learned doing that deal

and MUCH MORE!

If you are serious about attending please pay for your ticket now! RSVP'ing for this event alone without payment does not guarantee you a seat.

If you have a friend that may be interested in being an investor passively or actively bring them along!

PRESENTER:
Jason Yarusi of Yarusi Holdings

WHEN:
December 17th
6:30PM Networking
7:00PM-8:00PM Presentation and Q&A
8:00PM-9:00PM Networking

Hi Sean - you need one if you want to scale and have several properties and want to list on multiple platforms and automate as much as you can/reduce the time you personally spend on managing. That was/is my goal. I use Guesty - they are not perfect by any means. Issues, etc. However they are probably one of the best PMSs for smaller operators. Hostfully/OrbiRental- I had awful experience with Orbi and had to drop them. Not sure if there has been any improvement since then. Hostaway- I’ve heard good reviews and they are probably on par with Guesty. Lodgify - have heard good things but I believe their main function is to equip you with the website for direct bookings. I have one through Guesty. 

CHBO was totally useless for me. Not a single booking despite the rep’s assurances that I’m in high demand location and my property is priced right, etc. 

@Ken Latchers "Foolish" according to you. Does it mean it is so. If your payback is 4-6 months, I say it is a brilliant strategy. 

@Alec Miller I love how you asked how to get financing and people responded by saying how they don’t like the strategy and told you what you should do instead...:) painful to read. 

I'll stick to answering the question. If you have an LLC and your FICO is not awful, you might be able to get a business line of credit. I recently was able to get one myself. Feel free to PM for details.