Hi BP community, I am about to kick off a syndication/raise for a great multifamily property in the midwest, and a few potential investors have expressed concern around investing given they would want to be able to INDIVIDUALLY 1031 their profits into a new property in 5yrs when we exit.

How it's expressed is a matter for great debate and prognostication, but it's happening is mathematical fact of certainty, 100% certainty.  

For property management, there are really good, emerging systems that can help you manage the day-to-day of service delivery, bookkeeping, along with project management  to keep track of 'to-do's' Hopefully this advice helps but feel free to ping directly to continue the chat!

Cap rate is expressed as a percentage and determined by local market.VALUE = NOI/CAP RATESo for this deal and way before I even purchased the property, I knew the market, had a clear understanding of income potential and built extra cushion in for expenses in my underwriting analysis.My strategy for value add deals is I follow what I call the "Fabulous Four".I buy assets whereby the property has one or all of these core elements, the ability to:Increase RentsDecrease ExpensesIncrease OccupancyFix Deferred MaintenanceSummary, my team was able to increase rents by fixing deferred maintenance items.

That’s a great way to meet fellow professionals in the space.After you have the content (and have started expressing it on these various channels), think about building community.Content + community = unlimited options, particularly when you want to double dip on both the buyer and seller side of a real estate transaction.

Co-mingling personal with business is frowned upon.How can you express his equity share in the business ownership?

Organize a meeting with the neighborhood and the developer to express your concerns and have as many elected officials who have an impact on the zoning present as possible to show the influence you have.

Everyone has the right to an opinion, I was just expressing mine. 

I furnished two entire 4 bedroom apartments for $2,500 including delivery.

*Tenants shall make no alterations, decorations, additions, or imporvements to the leased premises without first obtaining the express written consent of Landlord.