Seeking advice from apartment investors based in Houston
I'm an out-of-state "newbie" investor looking at a specific apartment investment opportunity (passive LP) in Houston. I'm interesting in speaking to someone who knows that market well. What can I offer? In addition to gratitude, I'd consider a consulting engagement to help me evaluate this deal and help me prepare for an April 5th day trip. I need to make sure I use the time as efficiently as possible.
Most Popular Reply
Review their extended team. Who they are using for tax accounting, property management, general contractor if any, mortgage broker, due diligence company, cost seg, insurance company, and etc.
Review the additional fees\costs, if any, and determine if they are out of the norm depending on the experience of the sponsorship team, investment strategy, and asset. e.g. Asset Mgmt fee, Acquisition fee, and etc.