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All Forum Posts by: Wil Pollock

Wil Pollock has started 5 posts and replied 14 times.

Post: I have a 30-second elevator pitch for you.

Wil Pollock
Pro Member
Posted
  • Investor
  • Nation-wide
  • Posts 14
  • Votes 7

@Ralph Soles - good idea, mate but I can't tell if this 10-minute speech is your "30-second pitch" or what. 

An elevator pitch is like this: My name is Wil, and I invest in cash-flowing multifamily across the country. I look for like-minded partners. Would you like to hear more?

Short and direct with an appeal. Good luck, mate.

Wil 

Post: Seeking Feedback on Multi-Family Deal Underwriting

Wil Pollock
Pro Member
Posted
  • Investor
  • Nation-wide
  • Posts 14
  • Votes 7

@Michael Belz

If it's 6 units it's most likely rent-stabilized (based on age it could be rent-controlled 😬). This applies to nearly all buildings six (6) or more units in NYC or any of the Rent Stabilized localities throughout New York State.

I'm NOT active in New York City (or suburbs) any longer due to these guidelines or myriad other anti-landlord rules & laws; however, I can say many realtors do NOT understand what they're selling so BEWARE:  I've had realtors say the units "have preferential rents, isn't that great?" No. It's not. Pref Rents are below "legal max" and can potentially remain there forever (or as long as that tenant exercises their legal right to renewals... allowable increases are based on the Pref rent as well. So.. please be careful buying in NYC or any of the Rent Stabilized localities throughout New York State.

Good luck! 

Post: Iowa Multi Family

Wil Pollock
Pro Member
Posted
  • Investor
  • Nation-wide
  • Posts 14
  • Votes 7
Hi @Gina Mueller
Would be great to connect and hear more.
wil

Quote from @Gina Mueller:

Hello all, I am looking for active buyers looking to expand their portfolio in the Waterloo, Davenport, Cedar Rapids, and more. I have quite a few leads ranging from 8 units and up. Would love to present them to the right buyers!!

Gina

Commercial Broker

Ellsbury Group

@Gina Muellerundefined

Post: JV Equity Deal: Chicago Fix-and-Flip - $1.8 million ARV, $895k Purchase

Wil Pollock
Pro Member
Posted
  • Investor
  • Nation-wide
  • Posts 14
  • Votes 7
@Cam Schwartz
Hi Cam, would be great to hear more. Shoot me an email or DM and we’ll connect. 
wil
[email protected]



Quote from @Cam Schwartz:

Investors,

My group is lending on the following fix-and-flip deal in Chicago and my client is looking for an equity JV partner to fund the down payment and carrying costs. Please see below summary and reach out to me directly if interested:

- Asset: Combined 4-unit Condo on Lake Michigan in one of Chicago’s most desirable neighborhoods (Gold Coast)

- Purchase Price: $895k (under contract)

- Rehab: $300k

- ARV Estimate: $1.8 million (will list at $2.0+ million)

- Contract Close Date: July 31, 2024

- Estimated Project Duration: 6 Months

- JV Equity Partner Estimated Economics:

    • Total Investment: ~$225k
    • Total Profit: ~$190k
    • ROI: ~83%

Post: Investor looking for direct equity investment

Wil Pollock
Pro Member
Posted
  • Investor
  • Nation-wide
  • Posts 14
  • Votes 7

Hey BP!

I'm looking for direct equity investment opportunities. Open to discounted syndication.

Perhaps you need cash (I'm looking to make passive investments of $25k to $250k) but do NOT want to sell. Maybe you also don't want any more leverage. Let's talk.

I'm a 25-year real estate finance professional with experience as a lender (bank & GSE) and a principal investor (REPE - debt and equity funds). I know MF, Seniors, retail, and LIHTC. New York City-based.

Just looking for passive investments with like-minded owners whom I can share some of my experience & expertise with.

Cheers,

Wil

[email protected]

Post: Looking for Preferred Equity

Wil Pollock
Pro Member
Posted
  • Investor
  • Nation-wide
  • Posts 14
  • Votes 7

Sent you a message. :)

Post: New Investor Group

Wil Pollock
Pro Member
Posted
  • Investor
  • Nation-wide
  • Posts 14
  • Votes 7

Sent you a DM. Speak soon

Post: New Investor Group

Wil Pollock
Pro Member
Posted
  • Investor
  • Nation-wide
  • Posts 14
  • Votes 7

Thanks for the info.

Post: New Investor Group

Wil Pollock
Pro Member
Posted
  • Investor
  • Nation-wide
  • Posts 14
  • Votes 7

Hi Folks!

I'm a new BP member in New York City & Westchester County. I'm looking to meet like-minded investors and make new partners with people serious about investing in the New York City area. There's a ton of opportunities within this market.

Let me know if you're interested in a serious discussion. I'll host a Zoom if needed.

I'm looking forward to meeting you. Thanks!

Wil

Post: New Investor Group

Wil Pollock
Pro Member
Posted
  • Investor
  • Nation-wide
  • Posts 14
  • Votes 7

Hi Folks!

I'm a new BP member in New York City & Westchester County. I'm looking to meet like-minded investors and make new partners with people serious about investing in the New York City area. There's a ton of opportunities within this market.

Let me know if you're interested in a serious discussion. I'll host a Zoom if needed.

I'm looking forward to meeting you. Thanks!

Wil