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28 December 2024 | 23 replies
This run though focusing on zero debt instead of drinking the refi to you die cool aid I believed prior to 08 .. we can now sleep well at night compared to those days.
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30 December 2024 | 7 replies
Invest with syndicators who have a narrow niche and proven track record.For example, if an operator has done 5 or 6 workforce housing value add deals in Dallas, and they are offering a similar deal now, that would be encouraging.if however, their current deal was a brand new luxury Class A building in Charlotte and this was their first acquisition in Charlotte and their first class A deal, as an LP I would pass.Find operators who do one thing and kill it in that space.Find operators who own or have gone full cycle with similar assets in the same market.For example, my firm, Spark Investment Group has a very narrow niche - sub 100 unit MF or BTR in Greenville SC.
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19 December 2024 | 25 replies
Perhaps my current firm at $6,000 is a little more suited for people with a bigger portfolio.We have 4 rentals.
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28 December 2024 | 8 replies
Nobody will come to your aid, and it truly isnt even worth complaining because honestly this is a game where all that counts is the money.
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31 December 2024 | 418 replies
My final confirmation to invest was that my own CPA firm was the firm who signed off on their proformas and confirmed they were performaing as predicted.
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8 January 2025 | 38 replies
In my shoes, it would be hard to credit a client for a decision that could have saved you $10k+ in damages, especially when it wasn't something that went to our firm (like management fees or an in-house maintenance contractor).
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17 December 2024 | 1 reply
That's great to hear that you're graduating and you want to get into multifamily.I would start off in a commercial real estate firm, learn the systems, the sales/buying process, how to analyze deals etc...
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25 December 2024 | 12 replies
We also have a firm policy, always enforce late fees and deliver a notice to pay or vacate on the 6th.
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20 December 2024 | 8 replies
Just remember, you can't close on the replacement property before selling your current one.Qualified Intermediary RecommendationsFor intermediaries, I'd recommend starting with some highly-rated national firms.
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9 January 2025 | 46 replies
They were pretty firm in the bulletin to say that it needs to be ceased ASAP.