All Forum Posts by: Simon C.

You're welcome @Rachel Luoto - its a white paper put out by old capital podcast. 

http://www.oldcapitalpodcast.com/whitepaper

Hi @Rachel Luoto, I hope the following excerpts help - this is in regards to commercial loans:

"Cash Reserves

“Post-closing liquidity” (lots of cash in the bank after the deal is done) is critical for loan

approval.  For newbies, the lender may require reserves between 20-30% of the loan amount to be held. The lender wants to see bank or investment statements that support your personal liquidity. Those reserves cannot be

equity in other real estate investments or IRA’s or 401k’s. Lenders want to see cash, stocks or

bonds in your name. If there is an unexpected loss, the lender wants you to be in a position

to pay for that expense, not them."

@Jared Carpenter In my opinion, I find it easier for the investors to look through the deck without all the details of the financial modeling/projections as it maybe overwhelming for them. However, it should readily available should they request for it. Not every investor want to look deep into the weeds and just wants to know the big picture (COC, EM, Pref. Return)

@Julie Kern Thanks for sharing your success story and your new goals!  Good luck and looking forward to your next update on the 50 units

@Kimberly Ashley I believe it is true on the ROI you listed. I've been also searching for the last 6 months and the numbers just don't work out. It's just too expensive in our area!!

Hi @Pramod Yash!  I see that you are from the same area (I'm from Brea) as I'm in. Rod Khleif had a bootcamp a while back in LA. I'm not sure if he will have one again anytime soon in our area, but I know he's been hosting it elsewhere. I believe the next one is in Denver, CO. That was the first and only bootcamp I attended so I can only provide feedback on that one. In general, the bootcamp was good in providing an overview of the syndication business and it was a great networking opportunity. With that said, it provide some but not in detail with the "hands-on" experience with deal-sourcing, capital raising, and executing value add programs.  @Mike Taravella mentioned about a good point regarding hosting a meetup to attract local operators/investors where it provides you an opportunity for you to help others and in return you gained that experience. Feel free to PM me if you want to connect. Are you going to any of our local meetups in the OC area?

Hi @Amir B.

I think the first thing you need to do is decide if you want to be a passive or active investor in MF. You can start off by investing passively to gain experience and education on how other operators acquire, run, and manage the MF assets. Also, I'll suggest getting educated through books firsts and find a mentor if needed. Good luck!

@Danny Kao

Hi Danny

Check loopnet.com. Some of the listings have OM that provides T12 and rent roll. If its not there, then you can always message the listing broker to request the information. The broker will typically have you sign a confidentiality agreement before they give you access to the information. What markets are you looking at?

@Dennis Johnson

I don't think there is ever too much education as I believe there is always something new to learn and enhance on. However, with that said, I think many of us face the question on when it is a good time to graduate and start applying what you learn. I think everyone is different based on their comfort level and I can only speak for myself. I'd suggest to start applying your knowledge as you are learning from it as this will give you real world experience - something that books can't really provide you.  Also, I learn better and faster by being "hands on". Good luck!

@Steve Weinstein I got my HELOC through Schools First Credit Union. They had the best rates/terms at that time. During the time when I was looking around, credit unions offer the best deals. Good luck!