All Forum Posts by: Paul H.

Hi Chris,

Hope your investment is doing well.  Sorry for the late response I haven't been on BP as much lately. Just a bit too busy, if you ever want to talk real estate or brain storm ideas, feel free to reach out.

Paul

@Shrey A.

Shrey if you're up for it lets do a zoom call and go over your points one by one. I can help you out and guide you, you're doing a lot of the right things and I think I can help you get some clarity and move in a good direction.

calendly.com/paulhanchard

@Drew Bursey , I'll send you a message!

@Jacob Blackett Thanks for the clarification Jacob if I could edit the original post I would fix it. :)

Hi Bryan,

1. Organize Capital

2. Organize Investor Pool and Leads, w/ 3rd party integration/mailing campaigns/tagging/profiles

3. Multiple Offerings / Investments

4. Financial Reporting

5. Manage basic financial structures, possibly even waterfalls and distributions.

Some form of onboarding new investors will be helpful and the software I have explored all tend to have a little something. But "finding" a new investor isn't our primary aim.  

Right now it's my task to get a system in place to manage all our projects, some already funded, some not.  We are doing things old school at the moment and haven't had difficulty finding investors to fund the opportunities.

Appfolio and Syndicator Pro seem to be really close and I have had the opportunity to tinker with both, I am wondering if anyone has any feedback on other software like IMS / Juniper Square / Investor Deal Room.

Thanks!

Good Day BP.

I'm reaching out for feed back on syndication software and I'd like to know what you use or if you have invested in a syndication... what investor portals stood out to you.  So far I have had demos of Syndicator Pro, Appfolio and have looked at Juniper Square and Investor Management Services (IMS) websites.

Syndicator Pro

1. It's onboarding process is free.
2. It starts at $500.00 plus $100.00 per project afterwards.
3. It has the option to imbed video on most correspondence with investors.
4. Integrates with zapier, calendly and has an investor login portal.(all of them have a portal I assume)
5. Has a hands on demo, 7 day free trial.
6. You can soft touch offerings to generate interest from your investor pool prior to doing a raise. (Love this)
7. Accountants can have a log in to access investors files.
8. Built in signing software (Like docusign)

Negatives: Email templates are limited until the new patch rolls out, can't adjust the bottom of the email templates with social media funnels, key highlights in the pitch deck can't be reordered.

Notes on Appfolio after 2 demo sessions

1. $2000 onboarding fee, $500 a month, plus an increase fee based on capital under management.
2. Limited address use, didn't like Canadian Addresses.
3. Limited video imbeds in the report to investors.  
4. Building reports were limited, and work arounds had to be used for putting images in the reports.  Re-ordering the blocks/workflow for the report meant deleting them and creating them in a proper order.  - Weird
5. CRM seemed to be a bit more robust than other software.
6. NO hands on demo, only a guided presentation... no matter how often I asked, they had a sales rebuttal every time.
7. Pros: Color Scheme felt a bit more vibrant and lively.
8. In house integration as a single solution - why pay for multiple software.

What am I asking from the BP community is if you have any experience raising capital on any other platform and what your feedback would be.  Ideally looking for information on pricing for Juniper Square and IMS.

Cheers

Hi Jennifer!

Welcome to Ottawa, a great city with a ton of investing resources, meetups and like minded individuals!  Sorry to hear you're leaving BC :( But if you're looking to connect and learn, reach out to me on Facebook Paul Hanchard.  I'll be happy to point you in the right direction and help you succeed.

I was posted to Ottawa in summer of 2018,  Discovered Real Estate in early 2019 and attended my first meetup in February, fast forward to today, I am 12 doors (Almost hit 24), have done a joint venture, have invested with other peoples money, established property management and now have friends all over the city who rock at this! all while working full time in the Military.

Paul

Thanks everyone for taking the time to reply I do agree my Renos, Repair and Vacancy budgets are light.

@Tim Herman You make great points about Vacancy, I have never looked at it over a longer time period (I'll adjust). I'll also adjust my repairs budget as well.

@Jaysen Medhurst Loan terms in Canada, are much better than in the states for some reason. 2.8% is what I would be getting on the high end of the spectrum. Vacancy in the market I am purchasing is very low, with door to door moves at the moment. I will however adjust it up to be more reasonable with the amount of units I have. Property Manager is a flate fee per door, and she's amazing. I use her on my other properties in the area. I've reduced the CapEx initially, because the property is coming with a brand new 50k roof. They are installing trusses, no more flat roof!

Natural gas provides Heat and Hot Water to all the units.

Thanks everyone.

View report

*This link comes directly from our calculators, based on information input by the member who posted.

The property is off-market, I will be using a little bit of OPM to finance this deal. How do my numbers look? 

Unit 7 is not currently rented.

Garages will be rented by the previous owner upon sale of the property.

Can I rent out / lease out a 2 Bay Garage with built in office and beside that another 2 Car Garage on a RES20 zoned property? A 5+ unit multifamily property sits on the land as well (grandfathered) and it's a double lot. 

Looking for feedback / suggestions / guidance on where to look for answers.