All Forum Posts by: Ryan Cox

@Kyle Kovats Good question!

Co-sponsors -

• This is a team sport, so you would want a partner(s) that has complimentary skills to your skill set.  3 things your team needs to be really good at to be successful:  Sourcing deals, raising capital & asset management
• It helps to have a co-sponsor who can serve as the Key Principle to be underwritable for your loan (depending on the size of the deal)
• Someone with experience and a proven track record of success syndicating multifamily deals

attorneys well-versed with syndication

• I would pay attention to what the attorney's say when you are interviewing for your legal team.  Is this something they "can do" or is this what they do for a living.  Find an attorney who focuses on these types of transactions.

MF owners themselves

• Networking with brokers
• Networking with service providers (property mgmt., general contractors, etc.)
• County Appraisal District

real estate brokers

• Some of the top groups nationally, CBRE, ARA, HFF, JLL, Marcus & Millichap

passive investor

• @Brian Burke posted a good blog post about that would be helpful to read
• Network in your immediate circle of friends, family & co-workers.
• Network in clubs/activities in which you are involved
• Attend meetups & REIAs

@Ron S.  Congrats! 

There are quite a few posts regarding how to get started investing in real estate and I think this is a prime example of a success story.  Awesome start Ron!

1. Real estate investment study

2. Evaluated a number of different real estate investment strategies and selected a focus. (Turn Key)

3. Evaluated a number of different markets and selected a focus market (Kansas City)

4. Evaluated a number of deals that fit the real estate investment strategy and market to make an educated investment.

I am excited to see you post about deal #2 soon.  All the best, RC

A lot of the value of a graduate program are the relationships that are created while in the program.  I would check with NYU or any other program you are considering to see if you have the ability to speak with alumni.  Ask them why they chose the program,  what kind of work they were doing immediately after their masters and what their career path looks like.  If you like what you hear, it could definitely be a good fit.  Doing a bit of research with previous students could save you time and money.

Experience has always been my best teacher.  I agree with the previous comments that you do not need a masters degree to start buying and syndicating deals.

Welcome to BP @Daniel Kladis! Great 1st step making an introduction on Bigger Pockets. Keep engaged in the conversation on the thread and you will learn about wholesaling and develop relationships with pros locally and nationally. I would encourage you to go to meetups and REIA's to accelerate the relationship building locally.

All the best in 2018!

@Trey Knight  I would focus on building relationships locally at meetups/REIAs to understand who is active in the Southwest and how you could add value to an already established team.  Each team will have different needs based upon the team they have in place and the size/scale of their operation.

Welcome to BP @Matthew Bonosky!  All the best in 2018!

@Wayne Brault Your experience would make you a desirable partner for investors.  You can create value for investors by sourcing and operating deals.  I would build a network of investors who do not have operational experience but a desire to diversify/invest in real estate with a trusted partner.

@Thomas Hickey  Agreed with the previous posts regarding the current market and your approach. 

Food for thought:

Investors are also thinking creatively beyond current cash flows willing to take on moderate near term cash flows with limited downside and significant potential upside.  These investments are predicated on the assumption that these sites may be prime candidates for redevelopment in future markets.  In this scenario, investors could also look to assemble adjacent properties during the hold period to further maximize the upside exit.

@Kyle Kovats I would speak with the sponsors/mentors about the importance of analyzing deals.  Deal analysis is the primary source of value creation/delivering returns vs. losing your shirt.

@Cody Malone  

1.  How long will it take to build the duplex?  Interest only term with a balloon payment?

2.  Do you have a lender in place who will refinance a MF dwelling made of shipping containers?  Do you have a buyer in place who will purchase the duplex after it is built & leased?

3. In reference to #2, Having a well thought out exit strategy will help inform your initial offer.