All Forum Posts by: Anthony Chara

Every syndicator needs money to get their deals to the finish line. If you didn't, you wouldn't need to do a syndication. You'd just purchase your properties yourself. Well, how would you like to know more about finding High Net Worth investors from a little know resource called LinkedIn?

Join me and my guest expert, Yakov Smart, during this month's virtual Zoom Lunch and Learn to find out how you can use LinkedIn to add more qualified, high net worth investors to your deals using just a couple simple changes to your LinkedIn profile.

Remember, after we finish up with our guest experts you'll have a chance to introduce yourself and network with attendees nationwide. Maybe even find someone to invest in your deal or a deal for you to invest in? Be on to get more deals done!

When: Tuesday, April 20th, 2021

This month's location: At a computer screen near you via Zoom!!!

Time: 11:00am to 1:00pm MT / 1pm to 3pm ET Yes, the webinar will be recorded in case you can't make it. You'll be able to watch it on our website within a few days after the event once it's uploaded.

This month's Lunch & Learn will be our Annual State of the Apartment Markets from Colorado Springs to Ft. Collins in Colorado. Plus many other major markets across the country. Such as; the Carolinas, Nashville, Cincinnati and Oklahoma. We'll also touch base on the current state of commercial financing.

Our guest presenter will Adam Riddle, formerly with Nexus Commercial Realty. Adam's company just merged with Capstone Companies. I'm sure he'll tell us more about that on the Luncheon. Other topics Adam will be addressing during the Luncheon:

• The current debt market.
• The challenges we're still facing with Covid.
• The liquidity in the marketplace and how that's driving pricing.
• How to compete and win deals.

Remember, after our guest expert it will be your opportunity to network with other investors from coast to coast so come prepared to share your deals, areas of interest, if you're looking for a deal to invest in or if you have a deal and you're looking for investors.

Originally posted by @Chris Washington:

@Anthony Chara

Thank you VERY much for your detailed response. Those are great suggestions. Couple of questions:

1. For the valuation #1 approach, how do you account for a variation in unit mix? for instance, if the comparable sold at $25k per unit, but contained 1, 2, and 3 BR units, I imagine you wouldn't want to pay $25k/unit if your target property is only 1 BR, right?

2. I will see the property tomorrow, but I believe it's got a higher than average vacancy rate and a few down units. Is walking the property with a GC the best way to figure out rehab costs? Should this all be done before or after submitting an LOI?

Hey Chris, regarding #1, a good appraiser will take care of all of that just like they do with SFH's. They adjust for the different unit mix. Like in SFH's, not all have a pool or air conditioning or the same number of bedrooms and bathrooms. The appraiser assigns a value to each of those items and either adds or subtracts that amount from the property they are appraising to arrive at a FMV.

Regarding #2 - How did the tour go? Yes, you should walk the property with a GC to figure out the rehab cost. They should also be able to tell you if anything is not up to code and needs to be updated as part of the process. As for doing this before or after submitting an LOI, it depends on how hot the market is and how likely it would be for someone to snatch it away from you while you're trying to create a budget. I prefer to get it under contract first before I start putting a lot of energy into it. If I don't have it in my control I could spend lots of time and money doing due diligence only to have the seller sell it to someone else before I get all my ducks on a row.

Come network with investors Nationwide! After our guests are done teaching and taking your questions, we'll open up the lines so you can network coast to coast. Bring your RE Investing questions, deals or services you offer and be prepared to introduce yourself in the 2nd hour.

Most property owners will experience an insurance claim at some point.

As a property owner or someone participating in an ownership group, regardless of whether you hire an expert or not, once you know the basics, some common failures, some tips, once you peek behind the curtain, much of what you thought you knew about buying and choosing insurance, whether to make a property claim, what to expect when you do, who is or is not on your side, who are the experts, and even how you view maintaining property, will likely change. Armed with knowledge, property owners understand their risks better and make better decisions for their specific property situations. Better decisions raise the odds of successful outcomes significantly. Insurance pitfalls are plentiful and the pain they can cause is immense. Unless you plan on devoting the rest of your life to insurance, law, and construction, you're better off hiring the experts.

Before - Have you ever wondered if you have the right insurance coverage on your properties? Are you overpaying for too much coverage? Do you have inadequate coverage? Are you sure you're covered for things that you truly need like lost rents, full replacement cost or even Ordinance and Law (whatever the heck that is)? Most people find out the answers to these questions the hard way. Don't find out after something happens to your property. Be prepared before you have to make a claim.

After - Another issue that some of my students have had challenges with is making sure the insurance company 'fixes' the property to the correct standards and does so quickly. Did you know the insurance company's adjuster or even an 'independent' adjuster represent the insurance company and not you, they insured? Should you hire a 'Public Adjuster' and when to assist you?

You have questions, we have answers. Join me during this month's Virtual Luncheon to learn what you need to know before you need to know it. I'll be interviewing a Public Adjuster/Insurance Agent, Philip Weber, with Claim Animalz and attorney Christopher M. Drake with Smith, Jadin & Johnson. Both bring decades of experience to the table so mark your calendar now and join us so you can have your questions answered live.

Remember, after we finish up with our guest experts you'll have a chance to introduce yourself and network with attendees nationwide. Be on to get more deals done!

You will have a chance to introduce yourself during the meeting to let everyone know what you're doing and/or what you may need assistance with, such as; you have money to invest and are looking for a project, you have a project and you are looking for money/partners to join you or maybe you just have questions that need answers. Come network with other like-minded investors.

Are you managing your Real Estate Business out of a shoebox? Do Accounting terms befuddle you? Are you not getting all you can out of QuickBooks?

Then you NEED to attend this webinar!!!

The Definitive Real Estate Investors Guide to QuickBooks

SAVE MONEY – By having good records to give to your Tax Accountant!!! MANAGE YOUR BUSINESS – By having quality information to analyze!

What We Will Be Talking About:

An overview of basic Accounting terms and concepts

How to record bills, pay bills and write checks

How to record money coming in — rents, sales, etc

How to record the purchase of a real estate investment—rehabs, rentals, lease options, etc.

Utilizing “classes” within QuickBooks for classifying your transactions

How to create—and understand—reports for managing your Real Estate Business

And much more….

Most investors know they need to keep records, but really don’t have a clue where to start.

Isn’t it time to find out how organizing your records with QuickBooks can make your life easier?

Join me, Anthony Chara, and and Jerry Fink, REIA of Greater Cincinnati Past President, NaPHP Graduate and C.P.A. (nonpracticing) for this important webinar. Jerry has completed over 225 rehabs, holds a rental portfolio of single family homes, and did a complete rehab and repositioning of a 120 unit complex.

We already have over 120 people registered for this event. Will you be one of them?

Thanks @Taylor L.!!

You will have a chance to introduce yourself during the meeting to let everyone know what you're doing and/or what you may need assistance with, such as; you have money to invest and are looking for a project, you have a project and you are looking for money/partners to join you or maybe you just have questions that need answers. Come network with other like-minded investors.

We certainly live in interesting times. Accordingly, there's been some adjustments/changes on commercial financing as well. Please join me and my guests, John Romero of Synago Commercial Capital and Steve Malloy with Freddie Mac. We'll be discussing the impact Covid has had on commercial financing and what you need to do to be prepared to fund your deals. You'll also get to ask your own questions of our guest experts so plan on joining us live. It's going to be very informative and will set you up for greater success in 2021.

Hour number 1 will be hearing from our guest experts. Hour number 2, you'll have a chance to network with people from all around the country. RSVP now and plan to join us live. After all, you can't get your own questions answered from a recording!!

You will have a chance to introduce yourself during the meeting to let everyone know what you're doing and/or what you may need assistance with, such as; you have money to invest and are looking for a project, you have a project and you are looking for money/partners to join you or maybe you just have questions that need answers. Come network with other like-minded investors.

At this month's Virtual Luncheon you'll learn all about what an Asset Manager is, what they do, what they don't do and why you need one on all of your Deals! You'll also be able to ask the fabulous Sue Chara, yes the one and only, all of your questions about documentation, reports, interacting with CPA's, bookkeepers, investors, PM's and much much more.

Luncheon starts at 1pm ET/10am PT. The first hour will be our Guest Educator. When they wrap up, we go into nationwide networking.

At this month's Virtual Luncheon, I'll show you why paying off your investment properties, may not be the best strategy. Yes, I know, this thought process is in conflict with what most people tell you. Most people would tell you to pay off your mortgages as quickly as possible. But let me ask you this; those 'people' that are offering you their advice, what's their net worth? Most of the extremely rich people I know NEVER plan to pay off their mortgages. They plan to keep trading up until the day they die. Join me on this month's Virtual Luncheon to find out why they want to keep their money moving and never pay off a mortgage!