All Forum Posts by: Tj Hines

@Dexter Harris there are quite a few calculators out there you can use to help you determine this. We use Michael Blanks SDA analyzer to help with our assumptions. Good luck

Hi @Ruslan Kotelyanets! I know this isn't something you probably would want to hear, but just because you have a good deal doesn't mean that an investor will partner with you. It's all about the relationship and how well they know you. This takes time to build trust with investors. You have to nourish and cultivate those relationships. It's a process. You can start by going to all of your local real estate meetup clubs in the area. You can find these local clubs on meetup.com. Good luck on your journey

@Lloyd Loftis try looking on the IREM website. It's the Institute of Real Estate Management! Also reach out to local investors in the area for referrals! 

Hi @Omer Zulfiqar! Most of the books out there on Apartment investing have a ton of value to them. These are the books that I highly recommend and read myself ...

Apartment Syndication Made Easy - Vinney Chopra / Crushing it in apartments - Brian Murray / The Best Ever Apartment Syndication Book - Joe Fairless / Financial Freedom w/real estate investing - Michael Blank / Emerging Real estate markets and Multifamily Millions - Dave Lindahl.

There are many others that I can name as well.

@Kevin R., it really all depends on the lender and what type of financing you're seeking.

If you're dealing with smaller multis where the loan balance is under a $1M more than likely you would have to consult with local community saving and loan banks. These type of loans are usually full recourse. You will need to have a networth of whatever the loan balance amount is as well as 10% post liquidity. You may have to bring anywhere from 20-40% down as the DP.

If the loan balance is $1M and over you can qualify for Non-recourse financing through Freddie Mac and Fannie Mae. CMBS also are great loan products for non-recourse financing.

@Dustin Mathenia to keep this short and sweet you can manage the project with your construction experience to insure everything is being done a timely schedule. Basically take on all the leg work, doing all the research necessary to bring the project together. Lining up the debt if you guys plan to use leverage is where you can play a part too as well. There are so many other ways to stay in the deal.

@Marqus Freeman although I'm not from Philly, this is a great idea. Wish you were in the Florida markets. Good luck on your journey

Hi @Joshua Williams! In all honesty, it's tough to give him a fair evaluation of the property without having any of the financials to move forward with. But these also present great opportunities to discover a gem under a rock. If you're not to sure of the market and what the valuation would be, lean on brokers and local property managers to give you a run down on properties that are similar in age and quantity of units what the avg expenses per door should be and what are properties selling for per door in the area. This may get you started on the right path. Good luck

@Michael Thompson master leases are a great way to get into deals creatively. It all really depends on the seller situation and how motivated they are to work with you. Do you have any specific questions?

@Maya S. everyone I know that lives in California invest outside of Cali. They are either investing in the Midwest or the Southeast. Although deals are hard to come by anywhere, from what I hear they're even harder to come by in Cali. Good luck on your journey