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All Forum Posts by: Ronan Donnelly

Ronan Donnelly has started 5 posts and replied 319 times.

Post: Soundproofing between floors of a 2 family house?

Ronan Donnelly
Pro Member
Posted
  • Investor
  • New York City, NY
  • Posts 332
  • Votes 384

How about carpet with a thick underlay?

Post: Apartment Syndications - Non-Accredited

Ronan Donnelly
Pro Member
Posted
  • Investor
  • New York City, NY
  • Posts 332
  • Votes 384

Jung, it might be simpler, and a lot less expensive, to set up a JV or simple partnership. Check with your lawyer of course.

Post: Orlando Multifamily Syndication

Ronan Donnelly
Pro Member
Posted
  • Investor
  • New York City, NY
  • Posts 332
  • Votes 384

I am aware of a deal in Tampa

Post: Small Apartment Complex

Ronan Donnelly
Pro Member
Posted
  • Investor
  • New York City, NY
  • Posts 332
  • Votes 384

@Jason Ianacone, you need to look at the expense side of the equation both OpEx and CapEx to understand if the numbers make sense.

Try to source these figures from multiple sources and don’t just rely on what the owner tells you. Good luck!

Post: Multifamily Inspection - Due Diligence

Ronan Donnelly
Pro Member
Posted
  • Investor
  • New York City, NY
  • Posts 332
  • Votes 384

Hi @Mendy Blasberg, I would also recommend verifying any income assumptions made by the seller against bank statements and also ensure that you get an inspector that can cover all of the high ticket capex items e.g. boiler, roof, foundation etc. Good luck!

Post: Working for a multifamily investing group?

Ronan Donnelly
Pro Member
Posted
  • Investor
  • New York City, NY
  • Posts 332
  • Votes 384

Hi @Kevin OBrien, I think that your question really has two parts, what to invest in and how to invest. One approach would be to decide on an asset class and market e.g. multifamily in central Florida, and then secondly decide on how to invest whether directly, via a syndicate, REIT etc.

I have invested in a number of syndicated multifamily deals as a LP and GP so if you want any specific insights please feel free to DM me. Good luck!

Post: Cost to get syndication leads

Ronan Donnelly
Pro Member
Posted
  • Investor
  • New York City, NY
  • Posts 332
  • Votes 384

@Benjamin Aaker, in my experience most investors go with a sponsor who they know and trust. This trust is usually gained from the sponsor's social media profile or personal contacts. As an accredited investor I know that there is zero chance that I would invest with anyone based on a cold call since there are many well known sponsors already available to invest with.

You might have more success with trying to get referrals from your existing investors. Good luck!

Post: I'm debating selling this property, input welcome

Ronan Donnelly
Pro Member
Posted
  • Investor
  • New York City, NY
  • Posts 332
  • Votes 384

I'd do a 1031 into a syndication which achieves the following

1) Tax deferral via the 1031 - why pay taxes when you don't have to, let the unrealized taxable gain continue to work for you

2) Passive - by investing in a syndicate you can move from being an active investor to a passive investor

3) Returns - in my experience you should bet better returns by investing with a syndicate

Good luck!

Post: Fake tenancy to make a property look profitable

Ronan Donnelly
Pro Member
Posted
  • Investor
  • New York City, NY
  • Posts 332
  • Votes 384

@Thomas Chedru, verification of the lease and actual payment of rent into the bank account should be a part of your due diligence. You want to do this in order to verify that the rent claimed is actually being achieved. Other sources to look for data are rentometer.com, craigslist etc for similar properties in the area.

The second part of the question related to the risk of a tenant moving out. Look at it from both sides since there could be even more risk with a tenant staying if they haven't been properly vetted for example. Focus on the first part and make a decision at a later date on the second part. Good luck!

Post: Crowdfunding for spec houses

Ronan Donnelly
Pro Member
Posted
  • Investor
  • New York City, NY
  • Posts 332
  • Votes 384

Hi @brandon, 

@Brandon Martin, what is it that you need the software to do? You may be able to get by with excel and a good lawyer.