All Forum Posts by: Kyle Mitchell

@Rahul Chauhan Please keep in mind that these loans are amortized over the 25 to 30 years everyone is talking about but in most cases are shorter term loans, meaning anywhere from 5-15 years and then there is a balloon payment.  There are some good hybrid options out there that are 5 year fixed and can be as long as a 15 year floating rate for a total of 20 years.  Hope this helps.

@Sanjay Patel I agree with both Andrew and Taylor here.  And Jeremy Roll is a great resource and can be found on most podcasts, we also interviewed him on ours and I would be happy to share that link as well.  The biggest thing is you need to educate yourself first on the process and begin to network and get out there.  As you become more familiar with the space and create better relationships you will be better equipped to vet out sponsors and get referrals.

Also, I see you live in Yorba Linda.  I am pretty close to you in Santa Fe Springs, if you are ever interested in having lunch and meeting in person please let me know.  Happy to help in any way that I can.

@Brian Ciuchta Slightly off topic but I know @Ben Leybovich is looking into Air BNB units for a small percentage of his multifamily units in Phoenix.  I would love to get his thoughts on how that is going and if the headache is worth the uptick in income.  My opinion is if there is demand for it then give it a try!

@Derrick Umphlett I would love to add something but everyone pretty much covered it.  Going in cap rates do not matter as much as how much value there is.  I would buy a 2 cap all day if we could push it to a 9 cap through renovations and more efficient management.  Phoenix is a fantastic market with great fundamentals, you just need to buy right.

@Shafi Noss I agree with @Greg Dickerson on the credentials but at the same time there are a lot of PM's out there and if you did not get a GREAT feeling from your initial conversation, I suggest you move on and talk to more until you do get that great feeling.  The PM you choose can make or break a deal and you want to be fully confident they can be transparent with you.

This meetup is for anyone interested in networking with other Multifamily/Apartment Real Estate Investors. The format will be an open round table discussion where each person will be able to ask/answer the following questions to the group. The goal is to add value to each and every person and to help with any needs/issues they may be having in Real Estate at the current moment.

-GOALS - What are you doing right now that will move you forward in the next 30 days?

-RECOGNITION - Describe what you accomplished personally, or in your business, this week.

-NEEDS/WANTS - Ask for anything you need. For example, "I need to find a good CPA or Property Management Company" or "I am looking for a deal with this criteria"

-OPPORTUNITIES - If you have a deal or an opportunity for the group you can let everyone know about it and see if anyone would be interested in hearing more or even partnering with you on the deal.

This group is specific to Multifamily investing and those who want to connect with other like-minded individuals in this space!

Are you new to Real Estate investing but don’t know how to start? Perhaps you an experienced investor with properties but you aren’t getting the returns you desire. Are you interested in cash flow, value-add properties, and opportunities outside of CA? Do you want the financial power of multifamily real estate working for you?

If so come join us. We invest in apartments in cash flow markets that simply make sense (or dollars!). Our members have closed properties in markets such as AZ, TX, FL, GA, IN, IL, OH, MD, MO, ID, UT, & TN. Apartment investing is a team sport. So come join the best team around, the Multifamily Masters.

This group is for anyone interested in investing in multifamily apartments. Our group started in Southern California and now we hold monthly meetups across all across the nation. Locations include:

Baltimore, MD
Camarillo, CA
Downtown Los Angeles, CA
Long Beach, CA
Marina Del Rey, CA
Pasadena, CA
Manhattan Beach, CA
West Los Angeles, CA

Day and times vary by location. For the most up to date schedule and venue please visit the events page.

Hope to see you all there!

FB: https://www.facebook.com/groups/mfmasters

URL: http://www.multifamilymasters.com

LinkedIn: https://www.linkedin.com/groups/12112739

This meetup is for anyone interested in networking with other Multifamily/Apartment Real Estate Investors. The format will be an open round table discussion where each person will be able to ask/answer the following questions to the group. The goal is to add value to each and every person and to help with any needs/issues they may be having in Real Estate at the current moment.

-GOALS - What are you doing right now that will move you forward in the next 30 days?

-RECOGNITION - Describe what you accomplished personally, or in your business, this week.

-NEEDS/WANTS - Ask for anything you need. For example, "I need to find a good CPA or Property Management Company" or "I am looking for a deal with this criteria"

-OPPORTUNITIES - If you have a deal or an opportunity for the group you can let everyone know about it and see if anyone would be interested in hearing more or even partnering with you on the deal.

This group is specific to Multifamily investing and those who want to connect with other like-minded individuals in this space!

@Chris Virgil-Stone We ended up moving forward without the bank statements but did ask them to certify the rent roll.  Ultimately, after our due diligence and the feedback from our property management company we agreed it was a good deal and that the RR was accurate.  After close everything was fine and all of the income was accurate.

Do you want the financial power of multifamily real estate working for you?

If so come join us. We invest in apartments in cash flow markets that simply make sense (or dollars!). Our members have closed properties in markets such as AZ, TX, FL, GA, IN, IL, OH, MD, MO, ID, UT, & TN. Apartment investing is a team sport. So come join the best team around, the Multifamily Masters.

This group is for anyone interested in investing in multifamily apartments. Our group started in Southern California and now we hold monthly meetups across all across the nation. Locations include:

Baltimore, MD
Camarillo, CA
Downtown Los Angeles, CA
Long Beach, CA
Marina Del Rey, CA
Pasadena, CA
Manhattan Beach, CA
West Los Angeles, CA

Day and times vary by location. For the most up to date schedule and venue please visit the events page.

Hope to see you all there!

FB: https://www.facebook.com/groups/mfmasters

URL: http://www.multifamilymasters.com

LinkedIn: https://www.linkedin.com/groups/12112739