All Forum Posts by: Mark Allen

Michael Anderson I made another post about the benefits of selling in bulk. When you have 20+ homes it almost becomes a full-time job to rehab and prepare for retail sale - Lost cash flow, friction costs, time savings, and discounts are a few of the benefits: https://www.biggerpockets.com/forums/311/topics/324022-sfr-portfolio-exit-strategies

Tony Castronovo we broker Multifamily SFR portfolios across the country and our Offering Memorandums include a summary/investment highlights on upside, market, returns, etc.; Photos; Benefits of SFRs because we sell large portfolios to multifamily investors; Market information and news articles; Financial analysis and projected returns based on sales price; Demographic analysis; and information about our team. PM me and happy to share an example and discuss our valuation/marketing approach.

Keep saving money until the next recession in a few years.

Do you have debt lined up? Is your net worth equal to or greater than loan amount? I broker apartments but 50+ units. I can give you names of brokers who are selling deals under >50 units, which is in your $1.25M range.

I didn't own until 2009; however I work with many apartment investors all over the country who have invested in more than one cycle. The consensus is that those who were "caught with their pants down" owned in C areas, were 80%+ levered, and had loans coming due during the recession. I haven't had any tougher time selling B quality assets in C areas, but logically they seem like they would be the first to take a hit in a down economy.

Ryan from 3G Plumbing has done mine in Dallas area. Not the cheapest but quality work. Let him know I sent you.

I got my GC from a developer and apartment owner. He just finished a remodel on a 100 unit apartment but he does a lot of new development. Contact me for his info.

We broker portfolios across the country for investors who want to 1031 into apartment complexes. You could also cash out refi with a variety of lending institutions.

My landscaper does all my fence for cheap in Dallas. Send me a message for his phone #

I'm a multifamily broker in one of the most competitive multifamily brokerage markets in the country where all the major brokerages have a share (ARA, CBRE, M&M, etc.). I don't know any brokerage who will share their fee. Some are open to working with buy-side brokers, but they must get their fee from their buyer. I'm not sure why this listing broker would care if you had buyer representation (depending on the quality of the deal). Multifamily sells like crack here in DFW currently so my view may be distorted compared to some secondary/tertiary market where multifamily is tough to sell and needs exposure on loopnet. Here's what I think any broker in DFW would do who is open to co-brokering: If you bring a buyer's broker (before or after initial contact) they would just advise their buyers where their offers need to be to be competitive (better than your offer). Then most likely remove you from their database. If it's a tough deal in a tough market, they should be open to some split of the fee. Some commission is better than no commission. Buyers brokers who are brought in after the fact are really only a nuisance and don't provide value. Just one more person in the chain. If a buyer's broker contacts the listing agent and brings a 1031x buyer who pays 5% more than any other buyer will pay, then that buyer broker has created value and they deserve to be compensated half of the commission.