All Forum Posts by: William Costello

Evictions definitely should not take 12 months even in Chicago. Have you thought about starting a lease termination? Usually 45-60 days. Your attorney will be able to get this done properly. Best of luck

That is awesome @Lukas Streetman, I would suggest talking with realtors and lenders in the Indy area theres alot of good ones. In addition, networking and going to real estate meet ups would be a useful too. How many properties have you underwritten? 

Nice post @Blake Pieroni, I agree with @Bruce Woodruff. In addition, having a calculated plan and doing your due diligence. Not doing a deal just to do deal but staying disciplined is important but not letting fear highjack your decision-making abilities. 

How are your real estate/investing goals going with rising interest rates and uncertainty in the multifamily space and how are you adapting to the changes?

One of the key elements of real estate investment, is the process of finding deals. Experienced investors are constantly improving their skills, numerical tools, and other resources to find the right deals in the real estate investment market. Some important key tips to remember when finding commercial real estate deals are establish your investment criteria and what you would like to get out of the investment. Next would be building relationships and working on your track record. Like everything else in life building relationships is important in real estate and having a good reputation that people would want to work with. The third and final step would be start being active. With the market as competitive as ever it is good to be active and looking at deals whether or not you actually pursuit. With this you will gain knowledge on what to look for in an investment property and what you actually want to invest in. 

Hi @DongHui Patel congratulations, this is exciting news! There are a good amount of mentorships/training programs out there that can be beneficial like Michael Blank. In addition, networking, networking and more networking can go along way. Going to meet ups in your area. Talking to existing syndications that you are apart of would help. Having that base/relationships with brokers as well go along way. Good luck!

@Brian Adams unfortunately that's the way the world is. Have you contacted property management and tell them the steps about they are taking to make sure they are not leasing your property on misinformation? 

Hi @Jordan Santiago congratulations on the 23+ units. That is a great milestone at your age. I would recommend like a few others on here to invest in smaller multifamily first build up report with your investors and really form that relationship and it will grow from there with word of mouth and referrals. Having a few raises under you will go along way and on the way to that 100MM. Also maybe doing a Co GP as well will help. Best of luck!

 Hi Adam, I try to as well as doing alot of networking on LinkedIn helps

@Eduardo Bilbao renovations and replacements take time and also being prepared for emergencies like a new roof, plumbing breaking etc. If it is a long term hold even having different phases of renovation. Prioritizing and figure out the useful life of everything in your budget is important. Best of luck!