All Forum Posts by: Frank Teshima

@Ross Williams Great choices. Trying to find deals that pencil, is very difficult right now. To answer your question, whether Atlanta, or Dallas? I have not done extensive research in Atlanta, however, I would choose Dallas for two reasons. 

1. Dallas has one of the strongest job growth, which means, continued increase in demand. We have seen a increase in vacancy due to the supply far outpacing the demand at the ending of 22', going into 23'. However, when you have a strong increase in jobs, demand will follow that. 

2. I believe, if you look at the inner/outskirts of Dallas (Plano, Arlington, Garland, Wylie, Mckinney, Allen, Denton) You will find assets that are trading at a low cost/per door, rather than the Core of Dallas, and the outter-outter skirts. The Metro is growing so fast, they started building houses, before they designed the roads. 

Hope this helps!

Awesome post dude! Great, great info! 

The multifamily syndication model, is a very lucrative way to scale your investment portfolio, simply due to the fact that you, as the GP/operator, are able to leverage other peoples money (LP's) to buy bigger deals! However, like @Jim Pfeifer mentioned, it is illiquid for at least 5-10 years, depending on the hold time of the project. Another point to consider is knowing the track record of the operators, and the KP (key principle) on the deal. I would definitely recommend reading the book by Brian Burke. I would also recommend listening to The Multifamily Wealth Podcast, Episode # 139. He shares some great points on how passive investors should approach the syndication deals. 

I myself am an active syndicator, focusing in the Kansas City market (Kansas, and MO). I'd love to connect and help point you in the right direction!

Hey @Alex Olson, Thatd be awesome! Ill DM you!

Hey @Joshua Michael Hauman Im interested in your guide! Id love to connect! Im a multifamily syndicator, targeting the awesome market of Kansas City! 

I appreciate the referral Stephanie!

Yessir! You’ve been speaking to Eddie. Excited for our day on Tuesday! I appreciate you helping us out. Looking forward to meeting you dude!

Hey Jordan, for me, I use a model that my mentorship program has. However, If you go to https://robbeardsley.me/ Rob makes a very good model, and he himself is a great underwriter. In all honesty, I havent used it because Im so used to our mentorships model, to change models, is like learning how to go from driving automatic, to standard. I do like how detail-oriented the model is, compared to some i have come across. I hope this helps! Reach out if you have any questions!

Hey BP,

My team and I are heading to Kansas City, to visit the market, meet with local professionals, and walk some multifamily properties. We would love to connect with anyone who is in the market, and/or receive any recommendations for brokers, PM's, or attorneys, while we are there. Please reach out!! Looking forward to hearing from you folks!

Hey William! I appreciate you sharing about your faith, goals and aspirations. I'd love to hear more about you! Lets hop on a call this week!