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Understanding the cap rate

Understanding the Cap Rate

Likely the single most misunderstood concept in all of real estate investing is the Capitalization Rate. So, what is it really, and how do we use it? It's a Formula Yes, it is a formula: Cap Rate = NOI / ...
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Multifamily Syndication Unscripted

Multifamily Syndication Unscripted Show is LIVE!

Guys, over the years I've appeared in countless podcasts. I enjoy teaching, and I've always felt that this is a fantastic medium to deliver a message. I've many times wondered whether I should have my own podcast, but never had ...
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Syndication vs Partnership versus JV

$20 Million of Real Estate in Six Months

Well, that’s not exactly the whole truth. About $20M was what we paid. The re-positioned stabilized valuation should be $30M+. Introduction I started like many of you - with a diagnosis of Multiple Sclerosis... Well, perhaps not that. Hopefully not ...
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Another Syndication Closed

Another Syndication Closed – South Mountain Square

Source Capital is excited to announce the acquisition of South Mountain Square Apartments, a 117-unit garden style apartment community. About the Location The South Mountain Square neighborhood is in the South of Phoenix, the 2nd fastest growing city in the ...
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House Hacking

Stay in My Casita…for FREE!

Well, there's "FREE" in the title. You must be excited...you just wait! If you pay attention to the content I put out, you must be aware that Phoenix Syndication Workshop is happening on January 26th & 27th. Please take a ...
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Ben Leybovich and Sam Grooms Podcast...AWESOME!

Podcast: Ben Leybovich and Sam Grooms…AWESOME!

Sam and I recorded this podcast with Todd Dexheimer of Venture a few weeks back. I have to say, this was good! Todd a very knowledgeable real estate guy, so he asked the right things. But more than that, Todd is ...
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Podcast Ben Leybovich and Sam Grooms

New Podcast with Pili and Jason Yarusi

Another fantastic podcast. True to style, this is very in-depth, with lots of nuggets about multifamily, syndication, value-add strategies, cap rates, and more! Enjoy! Listen HERE Watch HERE ...
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Due Diligence for Apartment Buildings

Due Diligence for Apartment Buildings

There is a lot of confusion as to how to evaluate the physical and economic condition of an apartment building or community. This will be short, but I think you'll be able to visualize things more clearly. Due Diligence - ...
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Everything You Need to Know About Multifamily Syndication With Ben Leybovich and Sam Grooms

Everything You Need to Know About Multifamily Syndication With Ben Leybovich and Sam Grooms

HAHAHAHA Listen, if you belong to that very strange yet very large group of people we refer to as the Millenials, you will either laugh your rear off and learn a whole bunch form this, or you will learn nothing ...
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PSW Syndication Model

3 DAYS LEFT to Get the PSW Underwriting Model

Ladies and Gents, I announced last week that: All Registrations for the Phoenix Syndication Workshop processed prior to October 15th will Receive the PSW Underwriting Model. 3 DAYS LEFT This powerful spreadsheet goes away after the 15th! ...
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New Podcast – An Honest and In-depth Conversation

Guys, I've been fortunate to appear on a lot of different podcasts over the years. All, hopefully, are educational to some extent. Some are quite entertaining. Few are truly in-depth. But, almost none are truly honest to the core... This ...
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Early Registration BONUS

Early Registration BONUS

Yesterday in I announced the Phoenix Syndication Workshop. Today, a very short but powerful announcement: Registrations Processed Prior to October 15th Receive PSW Multifamily Underwriting Model FREE Extremely Powerful Tool I promise you this is the best underwriting spreadsheet your money ...
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Phoenix Syndication Workshop

Phoenix Syndication Workshop If you follow me you probably already know about this. But just in case: On January 26th and 27th my partner, Sam Grooms, and I will hold a 2-day event in Phoenix called the Phoenix Syndication Workshop. I am ...
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Multifamily Loan Options for Syndications

Multifamily Loan Options for Syndications

There are only three, globally-speaking, options for the type of loan we can get for multifamily. The main distinction comes down to the state and condition of the property itself. Let's discuss. Portfolio Loan Portfolio loans are loans you can get ...
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Syndication vs Partnership versus JV

Syndication vs Partnership vs JV

There are 2 basic approaches to structuring a partnership. One is a democracy and the other is a limited partnership. What Is a Democracy A democracy [artnership is one in which all of the members are voting members relative to all ...
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What Are the Economic Losses in Apartment Investing

What Are the Economic Losses in Apartment Investing

As it relates to things that cost money on a monthly and annualized basis in apartment investing there are two categories of items - those that you stroke a check for every month or year, and those that you don't ...
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what's better 30 units at $600 rents or 15 unit at $1200

What’s Better, 30 units with $600 rents or 15 with $1,200 rents

This was a question that came up in the comment section of the latest article I wrote on BiggerPockets. The answer may surprise you. What's Better, 30 units with $600 rents or 15 units with $1,200 rents Let's tackle this question ...
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I’m Here on My Soapbox Yelling: “Hey, Fool—Expenses Are NOT Percentages!”

I’m Here on My Soapbox Yelling: “Hey, Fool—Expenses Are NOT Percentages!”

You know that guy with a megaphone, standing atop of a makeshift platform, preaching at the crowd? You’ve read about that guy. You’ve seen him in the movies. Do you know that guy? Well, I am that guy—or at least that’s ...
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