All Forum Posts by: Tamiel Kenney

@Franklin Marte

Hi Franklin, How did you calculate the cap rate for this property?

This is an area where people use incorrect information to calculate the cap rate. For example, some people just take the T12 (this is the Profit & Loss) and the Net Operating Income (NOI) and the selling price and calculate the cap rate. Using the T12 to get the cap rate is typically not a good idea because you are using information from the seller and that doesn't mean you will run the property the same way and your costs could be drastically different. For example, what if your property taxes will go up...this should be accounted for when you calculate the cap rate. What if your payroll will be higher or lower. You need to consider this when you are calculating the cap rate.

Also, have you bought a commercial property before? Have you talked to a mortgage broker yet to see what you might get for financing? 

Have you driven by the property yet to see what rehab budget you can plug into your analysis? {Roof, foundation, windows, balconies (if any), driveways, building structure, landscaping, signage...are all things to consider for repairs in this early stage - to decide if you want to move forward with a full tour of the property).

Hope this helps... Good luck!

@Emily Houser It was an Awesome turnout! Sorry we missed you at this one. Looking forward to seeing you next month at The FIRE SUMMIT.

If you are not familiar with an eQRP, you might want to see if it something you can set up. The advantage is UDFI doesn’t apply. There are some other advantages as well. You can reach out to Damion Lupo at totalcontrolfinancial.com if you want to learn more about them. 

Come enjoy FREE Coffee, Donuts, & Mimosas while we network and learn how Passive Investing in Apartments can create WEALTH for you and your family at our 2nd MeetUp of 2019, sponsored by THINK MULTIFAMILY!

Register Here:

http://bit.ly/TMFMeetUP

You will hear 2 different Case Studies from Mark Kenney of how Passive Investing is creating wealth for him and for his Investors.

Do you want to learn what to look for in a deal that might make it a good passive investment? Then you won't want to miss this stimulating start to 2019.

What are you waiting for? Sign up today and let us know you are coming!

This MeetUp will be held at the HOME of Mark & Tamiel Kenney in Frisco, TX.

Please RSVP and let us know you are coming. If your plans change, please also change your RSVP. Grab a friend or co-worker to come along with you. Heck...Invite your boss too! He may want to quit his 9-5 and Retire Early with Apartments!

Register at the link below:

http://bit.ly/TMFMeetUP

If getting out of the RAT RACE of the 9am-5pm GRIND is what you dream about, then you should consider investing in Apartments to build a more secure future for yourself and those you love.

Does buying a 100 Unit Apartment Complex as your first deal seem like an overwhelming task that is better left for other people?

Do you...

• Feel like you just can’t find good deals?
• Lack liquid cash for earnest money?
• Have limited net worth and liquidity, preventing you from meeting lender requirements?
• Struggle with analyzing deals and just can’t figure out if a deal is good or not?
• Get scared out of your mind with the thought of raising money?

Well, You Shouldn’t Have To Do Everything on Your Own When Buying Apartments. And Now You Don’t Have To!

Join us at our 2-Day FIRE Summit and learn how people just like you have learned the secret of “Family Syndication” to get into BIG deals faster than they ever thought possible.

REGISTER HERE!

We will show you how to become part of a FAMILY SYNDICATION so that you can quickly become part of the general partnership of a large apartment complex and start building your own track record and be on your way to financial freedom!

Learn how to take down big deals fast, by working together with others, who will all bring their A-GAME to help YOU & others in the "Family Syndication" Group to close on a property like a well-oiled machine.

Come hear...

• How an Investor from ISRAEL raised $850,000 in 2 weeks with no prior multifamily experience
• How a military couple took down their first 114-unit deal with no prior multifamily experience
• How a guy who was out of work purchased a 144-unit deal with no prior multifamily experience
• How a guy was able to get a $39M under contract.

These are just a few real examples you will hear about at the FIRE SUMMIT. Our group has purchased over 2500 units this year alone and worth over $180M. And, we are just getting started!

You won't want to miss this MUST ATTEND EVENT - The FIRE SUMMIT is a 2-Day Conference in Dallas on March 30-31, 2019. We will teach you how to syndicate deals and go BIG, FAST, by working together as a team.

REGISTER HERE!

Gone are the days of having to go at it alone, unless you want to!

We will show you how many others just like you have taken down their first deals and how they are managing to get more deals brought to them now!

REGISTER for the FIRE SUMMIT TODAY while prices are still LOW. PRICES will go up! Register with a friend and save more money!

We look forward to meeting you in Dallas!

***FIRE SUMMIT = Financial Independence Retire Early

[For questions about this event or any other Think Multifamily event, please contact TAMIEL at [email protected]]

REGISTER HERE!

If getting out of the RAT RACE of the 9am-5pm GRIND is what you dream about, then you should consider investing in Apartments to build a more secure future for yourself and those you love.

Does buying a 100 Unit Apartment Complex as your first deal seem like an overwhelming task that is better left for other people?

Do you...

• Feel like you just can’t find good deals?
• Lack liquid cash for earnest money?
• Have limited net worth and liquidity, preventing you from meeting lender requirements?
• Struggle with analyzing deals and just can’t figure out if a deal is good or not?
• Get scared out of your mind with the thought of raising money?
  

Well, You Shouldn’t Have To Do Everything on Your Own When Buying Apartments. And Now You Don’t Have To!

Join us at our 2-Day FIRE Summit and learn how people just like you have learned the secret of “Family Syndication” to get into BIG deals faster than they ever thought possible.

REGISTER HERE!

We will show you how to become part of a FAMILY SYNDICATION so that you can quickly become part of the general partnership of a large apartment complex and start building your own track record and be on your way to financial freedom!

Learn how to take down big deals fast, by working together with others, who will all bring their A-GAME to help YOU & others in the "Family Syndication" Group to close on a property like a well-oiled machine.

Come hear...

• How an Investor from ISRAEL raised $850,000 in 2 weeks with no prior multifamily experience
• How a military couple took down their first 114-unit deal with no prior multifamily experience
• How a guy who was out of work purchased a 144-unit deal with no prior multifamily experience
• How a guy was able to get a $39M under contract.

These are just a few real examples you will hear about at the FIRE SUMMIT. Our group has purchased over 2500 units this year alone and worth over $180M. And, we are just getting started!

You won't want to miss this MUST ATTEND EVENT - The FIRE SUMMIT is a 2-Day Conference in Dallas on March 30-31, 2019. We will teach you how to syndicate deals and go BIG, FAST, by working together as a team.

REGISTER HERE!

Gone are the days of having to go at it alone, unless you want to!

We will show you how many others just like you have taken down their first deals and how they are managing to get more deals brought to them now!

REGISTER for the FIRE SUMMIT TODAY while prices are still LOW. PRICES will go up! Register with a friend and save more money!

We look forward to meeting you in Dallas!

***FIRE SUMMIT = Financial Independence Retire Early

[For questions about this event or any other Think Multifamily event, please contact TAMIEL at [email protected]]

REGISTER HERE!

Deal Analysis is the #1 Skill Every Real Estate Investor Needs To Know! This Workshop Will Take Your Multifamily Analyzing Skills to the Next Level!

If you are interested in learning how to analyze Multifamily Apartments or you are simply ready to take your Multifamily Analyzing Skills to the next level, then you are going to LOVE this Live 2-Day HANDS-ON WORKSHOP! [Friday - Saturday, October 19-20, 2018]

When we analyze deals, we look at many different attributes that others simply ignore. We will share key factors that must be considered before investing in an Apartment deal. By using individual and group learning techniques, you are sure to leave this course with more confidence, more clarity, and more connections!

When you step into a Think Multifamily Event you will feel the difference!

For More Info CLICK HERE!

• Passive Investors wanting to Identify which deals are worth investing in.
• New or Experienced Lead Investors wanting to take their analyzing skills to that next level.

• ROI [Return on Investments]
• CoC [Cash on Cash Returns]
• Rules of Thumb
• How to get faster analyzing deals
• Seemingly small mistakes that can blow an entire deal
• The differences between bridge loans, agency loans, loan assumptions

For More Info CLICK HERE!

Hope you will join us THIS WEEKEND IN ATLANTA!

For more information about this event or any other Think Multifamily event, please contact us at [email protected].

Mark & Tamiel

Think Multifamily

Deal Analysis is a Critical Skill Every Real Estate Investor Needs to Know! 

Because we, at Think Multifamily, feel so strongly about real estate investors being educated about their investments, we are offering a 2-Day Deal Analysis Workshop that will take your analyzing skills to the next level! 

THINK MULTIFAMILY'S Deal Analysis Workshop for Apartment Investors will be held on October 19-20, 2018, Atlanta,GA. 

Because this is a HANDS-ON Workshop, spacing is limited! 

By using individual and group learning techniques, you are sure to leave this course with more confidence, more clarity, and more connections! 

This class is designed to take the Newbie Investor as well as the Experienced Investor to the next level of deal analysis skills. 

Whether you are a Passive Investor or a Deal Sponsor, this class will challenge you to think through different scenarios that may come up in your QUEST for Apartment Investing Opportunities. 

Click Here to Register!

WHO THIS CLASS IS FOR: • Passive Investors wanting to Identify which deals are worth investing in. • New or Experienced Lead Investors wanting to take their analyzing skills to that next level 

You will also learn about: 

• ROI [Return on Investments]

• CoC [Cash on Cash Returns]

• Rules of Thumb 

• Creating Pro Formas 

• How to get faster analyzing deals 

• Seemingly small mistakes that can blow an entire deal 

• The differences between bridge loans, agency loans, loan assumptions 

This is a LIVE HANDS-ON WORKSHOP, so bring your laptop and a notebook and get ready to learn at this Deal Analysis Workshop for Multifamily Apartment Investors! 

Our last Deal Analysis Class SOLD OUT! So, reserve your seat Today before the Super Early Bird Prices disappear! Bring a business partner, spouse, or friend and save even more when you register for YOU + GUEST! 

If you are a newbie and want to have a little more confidence before the Workshop begins, no problem! We are making available, for purchase, training videos we created that are specific to apartment deal analysis. The videos will help you understand the basics of analysis before attending this advanced class.  

When you step into one of our events, you will feel the difference! 

We pride ourselves in having a culture that stands out above the rest! A culture that stands for Integrity, Authenticity, and Family Values! Invest With Confidence! 

Whether you are a Passive Investor or Active, Newbie or Experienced, this training will take your investing to the next level! You can go from Newbie Investor to Real Estate Giant in a flash!

Contact Tamiel if you have any questions: [email protected]

REGISTER TODAY!

Click Here to Register!

Is working for 40-50 years to then hopefully retire and live the life you always wanted, in your forecast?

It doesn’t have to be!

Come learn how to create passive income to retire early and live life the way you choose.

It is proven, the sooner you start investing, the more benefits you receive from the Compounding Effect of money!

Think Multifamily proudly announces The FIRE SUMMIT - a 2-Day Event for Real Estate Investors looking to get started in Multifamily Investing or to take their Investing to the next level!

The FIRE SUMMIT will equip you with the knowledge and skills to thrive in a world that is constantly changing! It will help you live Financially Independent & Retire Early!

Registration is about to CLOSE for the September 2018 FIRE SUMMIT. [Reserve your seat now before On-LIne Registration ends!

[Save $100 on Individual Tickets or $150 on You + Guest when you Use the CODE: MeetUp]

https://go.thinkmultifamily.com/fire-summit

If you’re already investing in Real Estate, then investing in Apartments is an absolute no-brainer!

Owning and Operating rental real estate is tough work. Once investors begin to understand passive apartment investing, it’s not uncommon to see them moving away from Single Family investing into Multifamily Passive Investments.

Investors can opt to invest as a limited partner to build a portfolio of passive commercial multifamily real estate investments or they can choose a more active role that allows them to get behind the wheel. The possibilities here are endless!

When you learn how to Preserve your Wealth by creating Passive Income, you can then create the life you want to live!

Whether your future includes increased travel, an upgraded home or car, paying for college tuition, or becoming the philanthropist you have always wanted to be...this event can teach you how to improve your investing strategy.

With the right investments, you could retire early, live financially independent, and give of your time and resources as you desire!

You simply need to attend the Think Multifamily FIRE SUMMIT to truly understand what apartment investing can really do for you and those you love!

By attending this Conference, you can learn how to avoid costly mistakes that will save you a great deal of time, money, energy, and headaches! You can learn how to Retire Early and Live with FIRE!

Our conference offers an array of topics:

• How to Invest in Apartments while working Full-Time
• Finding Additional Sources of Money to Invest
• The Role & Legal Rights of a Passive Investor
• Multifamily vs. Other Investments - (pros/cons to multifamily investing)
• Self-Directed IRA vs. Solo 401K vs. QRP - (knowing the difference could save you thousands of dollars and save you taxes)
• Investor Panel - (lessons learned that can help save you time, money, energy, and lots of headaches)
• Understanding a Rent Roll & Trailing 12
• Tax Advantages of Multifamily Investing - (do you know it’s possible to pay $0 in taxes on your multifamily investments)
• Typical Deal Structures (deal splits, preferred returns, waterfalls)
• How to Determine if a Deal is Good - (learn to analyze a deal in a matter of minutes including rules of thumb to know if a deal makes sense)
• How to Find & Fund an Apartment Building
• How to Understand a K1 tax form for Real Estate Investors
• How to know if your investment is on track

If you are an Apartment Investor or have any plans on becoming one, you do not want to miss this event!

[Save $100 on Individual Tickets or $150 on You + Guest when you Use the CODE: MeetUp]

https://go.thinkmultifamily.com/fire-summit

Come learn how you can retire early and live comfortably by Investing in Apartments NOW!

Regardless of who you are or what stage of investing you are in, Think Multifamily is a place where you can learn, connect, & grow. A place where you feel like you are with family. A place you can call home.

Many of the people in our group had no Apartment investing experience, but they are becoming wildly successful.

Hear what Courtney who attended one of our events has to say...

In just the last few months, our group has closed on or gone under contract for over 1500 units in 5 states.

The FIRE SUMMIT can change your life and help you live life on your own terms!

We will have top industry experts, panel discussions, break-out sessions, lots of networking opportunities to help you connect with others, Q&A time, and much more!

Come learn how you can shave years off your learning and build a legacy for your family! Invite your friends and colleagues to get involved and attend the Think Multifamily Summit together! We look forward to seeing you in September!

Get your tickets today! This is the absolute lowest price offered for this event! [Reserve your seat now before ON-Line Registration ends!]

https://go.thinkmultifamily.com/fire-summit

[Save $100 on Individual Tickets or $150 on You + Guest when you Use the CODE: MeetUp]

@Regdric Malveaux  Hi Regdric! Here is a MeetUp for Multifamily that a friend of ours runs.  https://www.meetup.com/Houston-Apartment-Investing...