All Forum Posts by: Nitzan Mosery

Hey Ash,

looking at an 82 unit property in a great market with a lot of value add opportunities.

Investment Info:

Large multi-family (5+ units) commercial investment investment in Greensboro.

Purchase price: $9,800,000
Sale price: $16,500,000

built in 2001 this is a great asset. well maintained and nestled in a nice green corner in the path of progress in the inner city loop.
great value add. renovating interiors and raising rents over 125$

What made you interested in investing in this type of deal?

The location, the market, and the calss of asset.

How did you find this deal and how did you negotiate it?

Broker relations

How did you finance this deal?

institutional financing
fannie green program

How did you add value to the deal?

having an incredible onsite manager, adding colorful flowers to perk up the curb appeal, paint the windo shutters to make them pop and renovate the interiors.

What was the outcome?

raised rents and had very strong occunpacy between 98 to 100%.
very low delinquency and low turn over

Lessons learned? Challenges?

your onsite manager is a huge component of your success. working with them so they understand the goal of the property is crucial for success. buying in the right area will boost your profits.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

yes privately

Investment Info:

Large multi-family (5+ units) commercial investment investment in Sumter.

Purchase price: $2,400,000
Sale price: $3,800,000

48 unit asset in a tertiary market. great upside in bringing rents to market

we sold the asset after taking rents from 700 to 1000$ per door.
our investors recieved year 5 returns in year 3

What made you interested in investing in this type of deal?

strong market fundamentals, good asset

How did you find this deal and how did you negotiate it?

broker relations

How did you finance this deal?

institutional finanicng

How did you add value to the deal?

we cleaned up the exterior, painted interiors, added LVP flooring, bbq pits and picnic benches

What was the outcome?

rent and occupancy increased.
rents went from 700 to 1000$ per month
occupancy remained at 100% with very low delinquency, almost zero

Lessons learned? Challenges?

a good team on the ground and a strong market will help success

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

yes privately

Greetings!

My name is Nitzan Mosery.

I love real estate and I love the possibilities it provides and the freedom.

I love to have fun and travel.

My goal is to network with like minded individuals and build empires together.

I am here to help anyone and everyone get started in real estate or if you want to take your game to the next level.

I've gone full cycle on over 10 multifamily properties.

My tean and i bought around $50,000,000 in class A student housing in the last 18 months.

Looking to partner with people who want to grow exponentialy.

Please reach out if thats you.

Rock and Roll

Hey Thomas, congrats on educating yourself. Thats a huge first step.

When it comes to money raising we always here "if the deal is good enough the money will come.."

we are never taught the second part of that phrase.. "only if you've done the hardest thing, build relationships.."

while you are building your name and reputation, start figuring out who your perfect investor is. Create that specific avatar. age, height, eye color, hobbies, work, children, married, goals, fears... once you know this, you can then network where they hangout and build relationships with these people so when you have a great opportunity you can present it to them and let them decide if they trust you and like you enough to give you their money...

i buy multyfamily around the country using OPM. i raise capital for everything. the down payment, the inspection reports, lender fees and equity.. i dont use my own money. that's the beauty of real estate.. start asking yourself, what funds do i need and who can help me get it..? then start networking in person or via social media.. now that you know who your avatar is, you can create social media posts that will attract these people to you.. and you build relationships that way. start building your team. ask who do i need to have on my team to be successful with what i want to do. then go out and find them

join fb/linkedin groups and start posting in there. start adding value to the group before you put out your ask.. or you can post "newbie here looking to build my team. im looking for someone who can...

good luck happy hunting and let me know if i can be of assistance. we all started at the beginning..

Hey Brian,

congrats on your first investment property. thats a huge milestone.

some questions that pop into my mind as i read this..

have you confirmed the 2000$ rent rate or is that your gut or your emotions speaking? 

did you calculate for other expenses? landscaping, repairs and maintenance, legal fees for evictions, utilities..?

did you calculate in your expenses, you reno cost, closing costs..?

what is your exit strategy?

does your loan have a prepayment penalty?

confirm your hunches and your comps before starting to renovate. worse thing to do is to over reno. you wont get your money back on it..

have you spoke to a management company? what was their take on your rental push?

sf we do go by the sq ft and what the comparables sold for. in mf here in the US and florida for mf there are many ways to look at it. you can go by sq ft per unit for rent, we also look at what type of unit mix is there, what the upside is, vintage of the asset, the NOI and cap rate...

i live in boca.. welcome to florida yalla be kef

have you spoken with the seller and discussed how you both want to make this transaction happen. you dont want the attorneys to win. so why doesnt he give you time so he can vacate the tenant and you can get the financing? if he doesnt give you time, your attorneys will speak and everyone will lose..ask him if he would be opposed to you handling the move out of the tenant. have him write it into the contract as an adendum..

the only thing you can do and should do is send the contract to your attorney for review  to see if there is an out. otherwise your pretty much stuck with this company..

find a commercial broker whom you have a relationship with and aks them for a costar report for your type of asset..