All Forum Posts by: Padric Lynch

Hello everyone, I'm currently exploring direct-to-seller markets for commercial multifamily (20-200 unit) properties and I'm seeking some advice. I've had some success in the Eastern North Carolina market, but the Dallas-Fort Worth market has been more challenging. I'm wondering if anyone in the community has experience with successful direct-to-seller marketing strategies for commercial multifamily properties in other markets, or if you have any recommendations for markets that are particularly receptive to this approach. I understand that direct-to-seller marketing can be more effective in some markets than others, so any insights or experiences you could share would be greatly appreciated. Thank you for your help!

 Thanks Kurt! I think this answers @Will F. and my question. For clarification, you cannot rent out more than 51% until you exit your SBA financing? Any exceptions to this?

 Real Estate is local of course, however, does anyone have resources regarding the co-warehousing industry? I.e. Beefed up co-working locations with office spaces, warehouse space, networking opportunities, and logistics services. Specifically trying to find the following metrics for the Dallas Fort-Worth area, but any general industry metrics would be a good start:

- Co-warehousing expense ratios

- Current cap rates for this type of facility AND

- Projected growth or compression of cap rates

Does overall operating reserves change when purchasing a newly build multifamily apartment building? Anything to consider when formulating a reserve balance for this type of scenario? Or is it operator preference, balancing overall returns and downside protection?

@John Underwood I did some Denver Arbitrage searches and found a couple older posts. Maybe there's a telegram group or another chat for STR owners in Denver.

Has anyone done it in Denver? Can the numbers typically work?

Any best practices or resources?

Any insights, best guesses, convictions?

@Padric Lynch Update: I have talked to the seller, and she is very understanding of the situation. She said that we made the deal and it worked for her at the time. Her and I started looking for note buyers, but couldn't find anything reasonable. She is okay with the current payouts and wouldn't want to sell off her note at a steep discount. I am going to continue to assess my own situation and probably refinance in a couple years if it makes sense.