A black swan is an event that is so far outside of the norm that it cannot be reasonably anticipated by markets and investors. I think it’s fair to characterize the COVID-19 pandemic as such an event. I have my thoughts on what the outcomes may be, but I need more data on the ground […]
Chad Duval is a real estate investor. He’s been in the game for six years and has recently launched a podcast for newer investors. I enjoyed this episode, and I think you will as well. I was honest with Chad and his audience. Please enjoy! CLICK HERE to LISTEN
The equity stack for our next purchase is over-subscribed. I can take a minute to collect my thoughts. This will be short and to the point, but hopefully, you’ll get value! Three Advantages of Low Cap Rate Markets The Cap rates are compressed all across the country, as you know, as they have been. When […]
Guys, people always ask about apartment renovations. Here are some images of the first unit we completed at South Mountain Square: And here the Matterport What do you guys think?
You guys, This episode didn’t make it into the original line-up for Season 1. It’s a 30-minute show, or so, and we had some connectivity difficulties on about 5 minute’s worth. We omitted it for the launch, but since have put it in. This episode is much too important not to include as it tees-up […]
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 look at this page to find out the details (if you’ve been living under a […]
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
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 – What is it? Due diligence defined is very simply the process of validating the physical […]
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!
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 aspects. In a democracy, you can not limit other partner’s voting power – everyone has […]
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 the way I feel. And what I am yelling into that megaphone goes something like […]
I will not buy small property – period! Why you may ask. Because it’s too risky! Two Basic Due Diligence Tasks When buying an apartment building we have two basic tasks relative to the due diligence. One – we have to underwrite the rents very precisely. Two – we have to underwrite expenses very precisely. […]
One of the absolute key advantages of the multifamily real estate is the valuation mechanism. Unlike single family which is valued by way of a process which looks at the sales price of like houses, the value of multifamily resides in the income – the more the income, the more the value. A simple way to […]
Ladies and gents, SEO is not all that important to me. I am out of that game. But, having said that, I do want Google to pick some of these articles up. Forgive the title – it’s beneath me, but it’s just right for Google bots 🙂 Is It Better to Buy Real Estate in […]
How much value-add do you need? I get this question a lot. Basically, it goes to the core of what is a good deal. Let’s shine some light on this briefly. Some theory first Let us underscore in simple terms why we need value-add to begin with. There are two profit centers when it comes […]