All Forum Posts by: Lennon Lee

The Multifamily Investing Club invites you to our August 2019 Meetup. A night of networking and knowledge sharing for new and seasoned multifamily investors and industry professionals.

GET YOUR TICKETS HERE: https://bit.ly/2TqdXbW

This month's guest speaker is Chad Musgrove, VP of Origination at Hunt Real Estate Capital. He'll be sharing with us the ins and outs of a commercial real estate loan and the process we need to follow to obtain financing for our multifamily real estate acquisitions.

Mr. Musgrove has a decade of solid experience in real estate and consulting financial services after having begun his Hunt Real Estate Capital tenure at its headquarters in New York. He relocated to Miami, FL to expand Hunt’s commercial lending footprint in Florida and the southeastern US and currently oversees structured financing of Conventional Agency and Small Balance production for Hunt Real Estate Capital Miami. Mr. Musgrove has structured more than $1 Billion in loans for the New York and Miami teams.

As always we'll be meeting at the amazing spaces of Wework Security Building in Downtown Miami on Tuesday August 27th at 6:00 pm

GET YOUR TICKETS HERE: https://bit.ly/2TqdXbW

Come ready to learn, build relationships, and share some knowledge with other multifamily investors and industry pros. We'll be having some inspiring conversations over a few cold beers and some hors d'oeuvre.

The nearest parking garage is College Station Garage and it's only $5 after 6 PM. There is also public parking on the streets nearby

The Multifamily Investing Club invites you to our July 2019 Meetup. A night of networking and knowledge sharing for new and seasoned multifamily investors and industry professionals.

This month we'll be having a special event, for the first time ever we'll have two guest speakers joining forces in our panel called Multifamily Real Estate Journeys.

GET YOUR TICKETS HERE: https://bit.ly/32jvbMd

Our panelists:
- Arturo Borges, young entrepreneur and real estate investor. Co-GP on a 398-unit apartment syndication in Texas and former Head of Investor Relations at Cardone Capital.

- Jorge Sanchez, successful business owner and private real estate investor. Jorge has built a private portfolio of 80+ units of multifamily real estate. He is a passive investor on more than $60 million worth of multifamily syndications in Texas and Florida.

Our Moderator:
- Lennon Lee, Founder of The Multifamily Investing Club. Principal at BLD Capital Group and full time real estate investor with equity participation in north of $100 million worth of multifamily real estate.

As always we'll be meeting at the amazing spaces of Wework Security Building in Downtown Miami on Tuesday June 25th at 6:00 pm

GET YOUR TICKETS HERE: https://bit.ly/32jvbMd

Come ready to learn, build relationships, and share some knowledge with other multifamily investors and industry pros. We'll be having some inspiring conversations over a few cold beers and some hors d'oeuvre.

The nearest parking garage is College Station Garage and it's only $5 after 6 PM. There is also public parking on the streets nearby.

PLEASE BUY YOUR TICKETS ONLINE AHEAD OF TIME VIA EVENTBRITE. TICKETS PURCHASED AT THE DOOR WILL COST $20. (ONLY CASH)

GET YOUR TICKETS HERE: https://bit.ly/32jvbMd

We have a new investment opportunity in Daytona Beach, FL, a 384-unit multifamily value-add deal.

This is a 506(c) offering, so that means it can be advertised to the general public. That's why I'm excited to be able to share it with you all.

This is actually a great chance to partner up with us and get access to our curated network of major players in the multifamily real estate space.

For this deal, we're partnering up with Lloyd Jones LLC -- one of the top multifamily operators in the Southeast.

With $500m+ assets under management, Lloyd Jones has historically only accepted investments from institutional partners.

But because of the relationship we have built with them over the past few years, we can open this offer to individual investors.

However, it is limited to accredited investors only.

With that said, let’s jump in...

The Multifamily Investing Club invites you to our June 2019 Meetup. A night of networking and knowledge sharing for new and seasoned multifamily investors and industry professionals.

GET YOUR TICKETS HERE: https://bit.ly/2wzxHiE

This month we'll be having rockstar investor Krista Testani, Managing Partner at Sharpline Equity REI, a private firm focused on a buy and hold business model with a concentration in multifamily apartment buildings. She is responsible for all legal strategy and implementation in addition to ensuring asset performance.

Krista obtained her bachelor's at New York University in 1990 and law degree at Brooklyn Law School in 1994. After practicing law for several years her attention was drawn to real estate. Krista began her journey in real estate in 2009 by acquiring single-family homes on Long Island, NY, and rehabilitating them for resale but then transitioned into multifamily acquisitions in 2012. Her legal background has afforded her the skill set necessary to navigate the host of legal documents and issues that are involved when raising private capital to acquire and manage multi-family properties.

As always we'll be meeting at the amazing spaces of Wework Security Building in Downtown Miami on Tuesday April 9th at 6:00 pm

GET YOUR TICKETS HERE: https://bit.ly/2wzxHiE

Come ready to learn, build relationships, and share some knowledge with other multifamily investors and industry pros. We'll be having some inspiring conversations over a few cold beers and some hors d'oeuvre.

The nearest parking garage is College Station Garage and it's only $5 after 6 PM. There is also public parking on the streets nearby.

PLEASE BUY YOUR TICKETS ONLINE AHEAD OF TIME VIA EVENTBRITE. TICKETS PURCHASED AT THE DOOR WILL COST $20. (ONLY CASH)

GET YOUR TICKETS HERE: https://bit.ly/2wzxHiE

I believe what we are seeing here is the expected return includingnot only your purchase price but also your capex costs for interior and exterior value add projects as well as the return on that value-add investment.

Yes, 100%

So many variables and options. Hard to say without more info on your goals, skills, etc.

You've received some great advice above.

My two cents, consider coaching. Being guided by someone that has done and still does what you want to do, at the highest level is a great strategy to shorten the learning curve.

The question is too general. Every property whther it’s a condo or duplex or a 100 unit multifamily is a good investment if you buy it for the right price.

So, the only answer here is: it depends.

Normally condos come with a “high” association fee that generally eats a lot into your cash flow.

Appreciation wise it’s also hard to say. It depends on the timing.

If you hold it long enough then it will appreciate but that doesn’t make it a good investment necesarilly. 

Also, what’s your goal? What do you consider a good investment?

 Yes. Friday 22nd at 6 pm