All Forum Posts by: Sergio Altomare

Yeah, I hear ya @Brian Burke, but coming from 22 years at the Federal Reserve I can tell you they are always behind and wrong in the timing of policy moves and economic forecasting. The most indicative aspect of the market peak to me is the new and stupid money driving prices to silly valuations. Of course there are deals in every market, so picking through them is the name of the game. Thanks

Thanks @Ann Marie Giglio. I just finished reading the book and his software is at the top of my list, so just seeing if there is a consensus out there.

We've used several tools for multi-family syndication underwriting, but haven't found one that stands out for SS. What are you using and which have you tried? Ideally, I'm looking for one that can assess overall performance over time, investor split performance and spit out offering reports.

Thanks

@Bobby Shell @Brian Burke as someone who started syndicating in 2014, I'd love your thoughts on survival. What is your best advice for being conservative in underwriting and what, if anything, changes as we are at the top of the market and a downturn is around the corner? We've pivoted away from C class multi-family and are now into self storage.

Thanks

@Tyler Rowland had this guilt trip put on us from an inherited tenant. She wanted to stay in the apartment because of the school district for her kid. Simply letting her know that it's the school tax increase that is being passed on nipped that real quick.

@Jeremy Goldizen another one that came to mind is when you close on a property completely comfortable and not missing a wink of sleep.

@Jeremy Goldizen when you run into your 2and or 3rd issue that most other investors have never encountered before ;-) That or after 5 years or so for me.

@Charles Ngansop had this once before. In the end the nice tenant came up with a reason to not be able to afford rent at all and left us in a bind. If they can't afford it then you are not helping them either. Your time chasing down rent is cutting into your profits (time is money). Cut your ties as soon as possible.

@Mitchlyn D. Don't just walk, run! Unless you can find a way to address the long term issue by determining something illegal is going on or they are renters, then there really isn't anything you can do. We have a triplex next to cat hoarder to where the smell came through the walls. We spent countless hours try to call animal control and every other resource we could come up with to no avail. We ended up having to constantly use measures to keep the smell down in our building. 3 years of this and the lady passed away and the place is now being gutted.

We also had another property with a neighbor dog that was always barking and nasty that played a role in losing 2 tenants.

Good luck

Details and Tickets Here

Topics include an overview of the latest strategies and tools for Active and Passive investing in Real Estate, and how to ensure you or a loved one’s mortgage is paid off in the event of tragedy.