All Forum Posts by: Nelson Lin

Hello!

For those interested in the multifamily market, I recently scraped the list of all multifamily in Austin building after 1980 that's at least 4 units and the owner information through skip tracing and found some interesting data bits.

Let me know if there's more information you'd like to know about the Austin Multifamily market, or DM me if you want me to scrape data for your city

The real estate cycle

I put a hard cap at 1980, but most of the supply is 30-40 years old since it tracks with a massive Texas oil boom and bust that really set back the real estate industry.

The same pattern can be seen where 2005-2010 saw significant decline in new builds following the great recession.

Distribution of size

- Obviously the smaller the unit size, the more common the building.

- Quadplexes are the most popular by a significant margin due to the ease of conventional financing.

The biggest owners in Austin by # of properties

- Personal names have been blurred out for privacy, if you’re buying commercial you should really start using LLCs.

- Round Rock LLC is a California based company that holds several 4-plexes which is explains why it holds 40 properties. Most large commercial builds will usually house a single property per LLC

Hi there!

I'm currently a Chicago based investor, but looking to break into the Tampa weather somehow. I currently have a lot of capital backing and we're interested in finding contractors/agents/operators in the area to pick up a midsized multifamily up to 30 units. 

Would also greatly appreciate any tips for getting involved in the REI community there as well, as a lot of the facebook pages feel spammy

A bit late to the party, can anyone comment on the Whiting area as well? I imagine the areas closes to Chicago would do best as rental markets, but I think Hammond is almost a D class area

A bit late to the party, can anyone comment on the Whiting area as well? I imagine the areas closes to Chicago would do best as rental markets, but I think Hammond is almost a D class area

25 year old here, don't waste your money dating.

Ok, now the important stuff.

1. Hey 19 year old nelson, good job doing engineering at a state school, now you've got killer income to qualify for loans (and can pay your own off in the first year of work) and the math/programming ability to do real estate analytics at scale.

2. Get started in real estate sooner. There's so many programs you could have taken advantage of/people to build equity with when I was in college but I wasn't paying attention then

3. Start a business sooner related to the field you're interested in, iPhone repairs was good money and landed me my first internship. My regret is not starting a property management side gig in my college town

4. You are the average of the people you surround yourself with 

Best of luck

I think there's a large chance that real estate goes back up to normal fairly quickly until the forbearance period hits. 

Family in China have told me the demand is down for any kind of business right now post-quarantine, however real estate has people lining down the block for open houses
 

Something I thought was interesting since I've been hearing about family members say that lines have been going around the block for real estate. Even though the quarantine isn't fully lifted, most industries are currently struggling there due to lack of demand, except when it comes to real estate.

https://www.mansionglobal.com/...

@Jing Chai rough, did you hear about him firing half of his employees recently?

@Calvin T. It doesn’t look good for everyone who just tried to defend him in this thread over the last year

I’m looking to invest in a syndication in Phoenix for a 60 unit apartment that will be a value add.

The equity split is 80/20 for investors/sponsors, but the sponsors are only putting in 10% of the equity raise. Is this a normal/fair split, not sure since I’m a bit new to syndicating.