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?
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 the time, or, frankly, the gumption… Until now! I guess I am not nearly as […]
$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 that. Most people look to real estate because they don’t want to work for the […]
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 country. Phoenix is home to 5 million people, and Maricopa County is the #1 growth […]
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 a human being who’s been around the block, so some of the questions were very […]
Multifamily Syndication with Ben Leybovich and Brian Burke
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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 and hate me forever. Either way – you get the real deal! Ben and Dan […]
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 from a local community bank. These banks are small banks with several locations that serve specific […]
Multifamily Expenses are Easy
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. […]
Underwriting Multifamily the Right Way, Part 1
Few phrases are more irritating in the world of real estate than, real estate is all about the numbers. Real estate is as much about the numbers as a painting is about the paint, or a book is about the letters. Letters are needed to write a book, to be sure. And paints are needed in order […]