All Forum Posts by: Steven Gesis

@Jake Noreau no deposit from go will be an issue I suppose at renewal you can ask for a deposit but later it will be tough to prove what the state of the property was when they moved in so they have the upper hand

I suppose worry about retention and have a talk with them

Likely outcome plan to own and pay for all the repairs yourself

@Balane Frece we are hiring and seeking motivated talented folks like yourself to fill a role associated with capital raise for various syndication

Let's speak I sent you a connect request

@Tommy Ciccarone

I think class A and many of the class A millennial housing starts

If it will be similar to 08'- kids getting out of college couldn't get jobs, they moved in with mom and dad and haven't moved out to buy anything

History ....

@Masa Moromisato

Shorten the distance, if you need you have cash now, a MF syndication can be a good outlet it would mitigate your need to get financing, banks right now will only tighten the belt in the coming months, you have a high risk for just buying 1 or 2 houses for cash, depending on the markets you looking at it will dictate if you buying for cash flow or appreciation (Midwest Is a good consistent cash flow machine with limited value volotility)

If you are looking for a steady return a syndication deal may be an excellent avenue and all you to build back some strength in lending and capital in the mean time.

PM me any further questions

@John Cameron can you expand on the cost of this 5-10 unit, it may be easier just go friends and family call it a "soft syndication"

It will eliminate many of the legal hurdles associated with the process, get you acquainted or use to regular reporting to your investors, standard process and procedure for distribution

In summary I wouldn't say there is a minimum it just depends on the size of the deal and what results or expectations you have

From personal experience anything below 100 units or $5m I am likley taking down without syndication or with "friends and family investors"

@Richard Surovi direct message me to continue this conversation

 Kay- thanks thats a great idea! Will look into this

Looking to get ideas from the BP community on some new ammenity ideas for multi family properties, real out of the box stuff, not the run of the mill stuff like pool, gym, secure parking ......

Would love to hear success and fails equally-

Currently, I implement a plethora of varying ammenities at the multi family communities: pet park, EV station, bike station, vending, on-site laundry, rentable garden space, digital locks, USB Outlets, community lounge/entertainment area, on-site porter service, 24/7 maintenance, wifi, digital thermostat, UBER Home......

What other creative ideas do people have and enjoy or have great feedback from residents

These don't have to be free of expensive just creative ......

@Mark James II yes we do this alot for our properties especially when we are doing a walk through of an acquisition it makes it easier to analyze in the office later

@Jeff Cliff everything is negotiable :)