All Forum Posts by: Arun Gokhale

Additional note: I've read numerous accounts of syndicated deals and such, but very little about the intermediate steps to setting up the syndicate. 

Hi All,

I'm relatively new to the world of commercial real estate. I've had a string of successes investing my own money and would eventually (after a few more personal deals) raise money from outside sources. I have 0 experience in this form networking. 

I'm wondering if it boils down to just mapping out an investment strategy and meeting with as many contacts as possible to try and generate interest? It seems like an OK plan, but I'm wondering if there's a more organized approach to take.

Thank you!

Arun

Just want to add I own a multi-family unit in the 64109 area. It's a tough area, but I've had great luck with my current property manager. He's been excellent at not only handling building issues, but managing all the tenants and their issues without a problem. 

Let me know if you want his contact information. 

Regards,

Arun

Hi,

I'm new to the world of rehabbing properties. I recently started a buy and hold project where I will have to redo a number of the floors and cabinets. I was thinking of of going with fake wood vinyl planks for the floor and laminate for the counter tops. Vinyl planks seem to be a cheap option, but considerably more durable than laminate. 

I'm wondering if there would be any real advantages to upgrading to wood for the floor and some sort of stone for the countertops? Would renters really pay that much more for those kind of touches?

Thank you!

@Brent Coombs Ah yes I mixed up my terms there when referring to the vacancy rate. I use about a 12%, while it appears the US average has been trending downwards to around 7%

Hi everyone,

Over the past year and a half I've delved fully into the world of lower income multi-family properties. Using various resources I was able to build out a cash flow model to help me analyze potential deals. I just wanted to get some feedback on some of the inputs I have been using (the areas I invest in are typically made up of minimum wage renters)

- I tend to be very conservative in my analysis, so I use a vacancy rate of 88%. My projected rents are on par with the area. I've heard, however, that for most properties 90% is more appropriate.

- I use an expense multiplier of 0.54, assuming 54% of all income will go to expenses such as refinishing units/addressing issues as they arise. Most research I've done indicates something around .44-.46. 

I was just hoping to get some feedback on whether these numbers seemed appropriate, or too high/low. From my experience the inputs have been overly conservative, but there haven't been any major issues to deal with.

Let me know if you need more information.

Thanks!

Hi,

A little background about myself:

- Graduated from Vanderbilt University, class of 2013. Majored in Economics, with minors in Finance and Corporate Strategy

- Work as a Strategist for a company in the area

- Looking to grow my expertise and portfolio of multi-family apartment buildings

- Since moving to Kansas City, MO in 2014 I've purchased 2 6-unit buildings and returned them to profitability. 

- As a young person with limited capital I'm looking for more ways to raise funds and building on the successes I've experienced so far.