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All Forum Posts by: William Costello

William Costello has started 21 posts and replied 190 times.

Post: Michael Blank Mentoring?

William CostelloPosted
  • Indianapolis, IN
  • Posts 193
  • Votes 150

@Matt Nettles it is a great program and definitely worth while if you are fully invested in the industry and want to get involved. Sure he will break it down more in your call.

@William Coet birth and mortality rate as well as the job market and the economy in that specific area. If there is a boom to the suburbs out of downtown the lack of demand will be there. What markets are you looking into? 

Post: Multi-Family Condo Conversion

William CostelloPosted
  • Indianapolis, IN
  • Posts 193
  • Votes 150

@Rich Solano being prepared and having patience especially if renovations are going on. Definitely have opportunity in that space though

Post: How To Start a CRE Capital Markets Firm

William CostelloPosted
  • Indianapolis, IN
  • Posts 193
  • Votes 150

@Ethan Wagner I think getting your state licensed first is the most important thing as well as networking as much as you can. LinkedIn, bigger pockets, friends and family. People want to help in this industry. Good luck!

@Justin Goodin nice selections, Michael Blanks book is a great read. Also enjoyed Brian Burke's book the Hands off investor alot. That was my first read being apart of the syndication process. 

Post: How did you find a mentor?

William CostelloPosted
  • Indianapolis, IN
  • Posts 193
  • Votes 150

@Mitch Larrivee all great points, definitely networking in your area and connecting via LinkedIn is important. In real estate there is plenty of room for people to succeed and you will find individuals who want to help. Sounds like you are doing the right thing and having good goals. Good luck!

Post: How long does a real estate syndication last?

William CostelloPosted
  • Indianapolis, IN
  • Posts 193
  • Votes 150

@Justin Goodin good point, I think it all depends on how the deal is going. Sometimes firms can refinance and extend the deal if it is going well. Some investors are also more focused on the overall return vs cash flow as well so the refinance option route could be great for some investors.  

@Justin Goodin nice post, I think it is important for the team or GP to make sure there is an open line of communication and be available for the investor whether they have a simple question or a more in-depth one. End of the day they are investing more in yourself than the actual project. Nice meeting you earlier this month at the meet up.

Post: How to Invest my Capital

William CostelloPosted
  • Indianapolis, IN
  • Posts 193
  • Votes 150

@Sterling Clifton definitely sounds like you have enough to get involved in the multifamily sector. Have you thought about syndication? It is a great way to invest and be involved in real estate without having to do all the heavy lifting. Also you can enter a market that an individual may not be aware of or live in. Good luck!

@Suresh Kannan, it is very rewarding help people achieve their financial goals and be a useful tool for individuals wanting to learn more about real estate. The biggest takeaway from what I learned is that people are investing in you more than the actual deal. Having that trust and relationship is crucial. Good luck