All Forum Posts by: Liran Afergan

Hi,

I'm looking for multifamily deals to buy, anywhere from 60 units and up, and one platform that everyone are talking about is Costar. Costar subscription cost over 10k a year. Is it really worth it for the purpose of finding and buying Multifamily deals ?

I will appreciate if someone can give me a feedback about it based on experience working with it and finding deals thru them.

Thanks in advance ✌️

Hello,

I'm a real estate investor, and my partner and I own a decent amount of properties in PA, and we are looking for an oit of the box thinking tax advisor that will help us to do tax planning, reduce the amount of taxes that we are paying and advise us on the right legal structure for our operation so we can apply tax savings methods.

If anyone knows such a professional I'll appreciate any recommendations.

Thanks,

Charly

Hi there,

I wanted to try to rent a few of my properties for Traveling Nurses. As far as the information that I've got, renting dor traveling nurses can pay about 3 times the traditional rent.

I k ow that anything that sounds tempting has a catch in it, so I was wondering if there's anyone here who has experience with renting his / her properties to traveling nurses, that can share the experience or just the bottom line - if it's worth it or not ?

Thanks

Hi all,

I'm looking for a professional & creative real estate CPA.

Our properties are located in PA

We own decent amount of properties and we would like to get a CPA who will help us to save on tax payments.

Our current CPA is just a "By The Book" CPA, he just want to file our taxes based on income and expenses and obviously it makes his job much easier and he doesnt care much because hes not the one who paying them, I know for a fact that we can save much more on taxes if we had a creative and experienced CPA who will take care of our interest when it comes to tax payments.

Any referrals and recommendations are welcome and much appreciated.

Thanks,

Charly Liran Afergan

@Taylor L.

Hi Taylor, Thanks for the tip I'm connected with some commercial real estate investors but I guess that I'll need to expand my networking.

But still, since the market is very competitive and I know that most if these commercial real estate brokers who has access to these deals will put in a priority their clients that they've been working with in the past, which it's still possible, but decreasing my chances to get notified vefore everyone else.

That's why I'd rather get them off market deals

@Jim Pellerin

That's awesome.

Let's connect on private chat and discuss I'm more details on the type of the buildings and location they you have access to.

@Brian Adams

Thanks for the tip

A 1000 units building is a really nice deal.

Wish you luck and if you'll ever want to flip a deal to me or JV in one specially in Philadelphia and NE Pennsylvania just so you know that I'm interested and have access to an massive amount of funds from private investors plus VERY good records & relationships with local banks here.

Hello all,

I'm a landlord for the past 4 years, I've successfully built a decent portfolio of 203 doors in total, I own properties anywhere from a single family home to a 12 units buildings.

Being in the REI game intensively in the past 4 years teached me a lot and today I'm very confident on what I'm doing and how I'm doing it. But I feel that it's my time to scale up.

The only thing that I am trying to crack but didn't really find a definite successful method of how to find a large multi unit apartment buildings for sale (not thru Tenx or any of these platforms)

I've been digging for quite a long time and tried different methods but no luck so far.

I will appreciate any advice on how to find those large multi units buildings

Thanks in advance

Charly Liran Afergan

Hi @Michael Mackney,

I believe that it all a matter of prespective and what was your starting point.

When you buy a vacant property you want to make sure that before you're renting it you'll approach and eliminate all of the potential issues that may come in the future, to be able to really rely on a cashflow with low chances of bad "surprises" like leaks or other repairs that needs to be done.

For example, if you buy a house with a 30 years old roof, you need to expect that either within a week a month or few years you'll have to put down about 10k to replace the roof. And this is something you can expect to happen and it's totally fine, as long as you negotiate it on the purchase price when you're buying the property and take in consideration thst the roof replacement is kind of part of your purchase price, you're calculating it into your costs in advance.

Obviously, if you didn't take it in consideration in advance it'll eat your entire annual rent cashflow or more.

So my bottom line is not to ignore potential issues that you can identify in advance like corroded copper pipes, old electric fuse box, old roof etc. Because then its not a questi9n of "if" you'll spend the money to replace them, the question is "when" and in what situation it is going to be.

I prefer to take care of these things in advance, BEFORE I'm occupying the property with a tenant, because no one likes the aggrevation and the pressure of taking an emergency repairs and it'll always cost you MORE than if you were doing it from the first place.

In regards to your current situation, if I was in your position (and I was couple of yimes until ive learened on the hard way) is to sell the property specially if you can take a profit from the sell and buy a better condition property next time, or buy a property in a bad condition but fix it up to a point that you'll know that your rent cashflow will be real and not just on the paper, specially if you're relying on a cashflow from only one property.

Today I own over 200 doors, I'm using this method and it make my managment life easier and cheaper, and matching my expectations for the rent cash flow that I'm expecting to get prior to the property purchase.

There is a process of trial and error which it's part of the game of being a landlord so don't feel bad about it at all.

Wish you luck

Charly Liran Afergan

@Chris K.

Thanks for your reply Chris.

I've messaged you on private chat.

Hope we can meet up or talk soon.