All Forum Posts by: Miguel Perez

@Bellman Tumasang

Search market cycles ex. Recovery & Expansion phase

Submarket trends ; emp growth, vacancy rates & more compared to National Average

Marcusmillichap.com

Irr.com

The milkenbest city report.com

From my understanding:

Fha loan non-recourse

HUD loan non-recourse - longer process to close so may hinder financing contingencies but can get ball rolling .

Inquire about their loan product and underwriting qualifications

Leverage using bank and/ or creative financing like owner carrying 2nd mortgage

Or why not “Master lease agreement” read into it

Learn to analyze deals the importance of

Cap Rates, LTV, DSCR, C on C return and most importantly NOI!!!

“Acquisition Financial Spread sheet”

Actuals/Proforma underwriting process

Exit strategies on value add properties once NOI HAS INCREASED!!

Best of luck..

After a side lining injury. I was wrapping my head around what it is to analyze financially a multi family 5 or more units and the process beginning to end. First Book CRE FOR DUMMIES by Peter Harris

So walking into the first book I had an idea of the big picture but was reluctant to go the syndication route which is to pool together investors to raise capital to attain an asset.

The book “Financial Freedom With Real Estate Investing by Michael Blank. opened my mind to get funding and partner up with like minded investors.

I’ve been researching market trends examples job growth, new construction, vacancy rates, entry cap rates, median rents and median price per unit. 2018,2019,2020 in all categories.

Also focusing on market cycles and closely analyzing the states that fall in a Recovery Phase & Expansion phase 1 &2. There are prospects in expansion phase 3 but focusing on new construction and job growth in those sub markets closely avoiding shifting into Hypersupply.

The goal now is to set up a team that consist of Project Manager, CRE Broker, CRE Attorney, Contracter, Mortgage Broker , Escrow Company. In potential sub markets

List currently at 12 closer studies to narrow top 3

Only interested in properties with a 6-8% Cap Rate with value add opportunity to increase NOI.

Rents need to be below market with room for increases. Value add renovating units, curb appeal, washer dryers etc.

Also focus on lowering expenses and utilities and no major capx renovations.

Execute analyzation Of owner financials T12,T2T3, lease loss,Rent rolls, taxes, expenses, future irr, vendors

Perform due diligence, loan product and title investigation.

I’m putting together a booklet presentation with market analyst and Investment Property Example to show potential investors or simply fund my own deal.

So much to write but I’m learning.

Back to the books, blogs, podcasts, YouTube videos absorbing it all like sponge.

Best of luck to all ✌🏽 in 2020 & years to come!

After a side lining injury. I was wrapping my head around what it is to analyze financially a multi family 5 or more units and the process beginning to end. First Book CRE FOR DUMMIES by Peter Harris

So walking into the first book I had an idea of the big picture but was reluctant to go the syndication route which is to pool together investors to raise capital to attain an asset.

The book “Financial Freedom With Real Estate Investing by Michael Blank. opened my mind to get funding and partner up with like minded investors.

I’ve been researching market trends examples job growth, new construction, vacancy rates, entry cap rates, median rents and median price per unit. 2018,2019,2020 in all categories.

Also focusing on market cycles and closely analyzing the states that fall in a Recovery Phase & Expansion phase 1 &2. There are prospects in expansion phase 3 but focusing on new construction and job growth in those sub markets closely avoiding shifting into Hypersupply.

The goal now is to set up a team that consist of Project Manager, CRE Broker, CRE Attorney, Contracter, Mortgage Broker , Escrow Company. In potential sub markets

List currently at 12 closer studies to narrow top 3

Only interested in properties with a 6-8% Cap Rate with value add opportunity to increase NOI.

Rents need to be below market with room for increases. Value add renovating units, curb appeal, washer dryers etc.

Also focus on lowering expenses and utilities and no major capx renovations.

Execute analyzation Of owner financials T12,T2T3, lease loss,Rent rolls, taxes, expenses, future irr, vendors

Perform due diligence, loan product and title investigation.

I’m putting together a booklet presentation with market analyst and Investment Property Example to show potential investors or simply fund my own deal.

So much to write but I’m learning.

Back to the books, blogs, podcasts, YouTube videos absorbing it all like sponge.

Best of luck to all ✌🏽 in 2020 & years to come!

@Taylor L.

Great advice! ThNk you

@Roni Elias

I’ll check it out thanks!

After my side lining injury. I was wrapping my head around what it is to analyze financially a multi family 5 or more units and the process beginning to end. First Book CRE FOR DUMMIES by Peter Harris

So walking into the first book I had an idea of the big picture but was reluctant to go the syndication route which is to pool together investors to raise capital to attain an asset.

The book “Financial Freedom With Real Estate Investing by Michael Blank. opened my mind to get funding and partner up with like minded investors.

I’ve been researching market trends examples job growth, new construction, vacancy rates, entry cap rates, median rents and median price per unit. 2018,2019,2020 in all categories.

Also focusing on market cycles and closely analyzing the states that fall in a Recovery Phase & Expansion phase 1 &2. There are prospects in expansion phase 3 but focusing on new construction and job growth in those sub markets closely avoiding shifting into Hypersupply.

The goal now is to set up a team that consist of Project Manager, CRE Broker, CRE Attorney, Contracter, Mortgage Broker, Escrow Company. In potential sub markets

List currently at 12 closer studies to narrow top 3

Only interested in properties with a 6-8% Cap Rate with value add opportunity to increase NOI.

Rents need to be below market with room for increases. Value add renovating units, curb appeal, washer dryers etc.

Also focus on lowering expenses and utilities and no major capx renovations.

Execute analyzation Of owner financials T12,T2T3, Rent rolls, taxes, expenses, vendors

Perform due diligence and title investigation.

I’m putting together a booklet presentation with market analyst and Investment Property Example to show potential investors

So much to write but I’m learning.

Back to the books, blogs, podcasts, YouTube videos absorbing it all like sponge.

Best of luck to all ✌🏽 in 2020 & years to come!

@Chris H.

Sounding like 200k all in. I recommend investing in a commercial multifamily 5+ units OT and get a lot better ROI with some upside for a long term hold.

Be patient nothing less than 10% ROI

Potential $500 monthly cashflow at best 6k/ year

Or 200k @ 10% = 20k/ year

For the same purchase price 750k

Just an example

Best of luck