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 – What is it? Due diligence defined is very simply the process of validating the physical […]

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 aspects. In a democracy, you can not limit other partner’s voting power – everyone has […]

Amazing Power of Capitalization

Amazing Power of Capitalization

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 […]

How much value add do you need

How Much Value Add Do You Need

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 […]

Making Money in the Delta

Making Money in the Delta

I have a dear friend. His name is Darren Sager. His is the first text of the day – each and every day. I wake up, and there it is, on a three-way text thread with him and Brandon Turner. The text starts out the same way each time: Good morning gentlemen… And then, most days, […]

Podcast Appearance

I am always pleased to be invited on someone’s podcast. My definite purpose in life is to teach and there is hardly a better vehicle to reach more people than a good podcast. So, over the years I’ve appeared on numerous shows – everything from BiggerPockets to Cardone Zone, and everything in the middle. Having […]