All Forum Posts by: Ken Breeze

Hey @Kyle Kelley good to see you on Bigger Pockets! Probably the best place on earth to get started in real estate. Go ahead and flesh out your profile as much as possible and check out all the free guides and eBooks. They are truly awesome. A year from now you'll be a different person :-)

Hi @Kyle Smith thanks for sharing your challenge. Please give us more information so we can give you better advice. The tools on Bigger Pockets are great to get started and learn in terms of SFH or non-commercial MFH, but when you graduate to small-, mid- or large size multifamily, things get more complex and need a more sophistcated spreadsheet to get a grip on the many turning wheels necessary to evaluate a property. As soon as you exit the 4-plex arena, you're dealing with different game rules. Everything canges after you open that door. But I'm sure David Greene told you that already ;-)

Feel free to PM me to have a more in depth conversation.

Nothing in real estate is crazy unless it's totally crazy ;-)

That said, have you thought of scaling up and partnering into 5+ multifamily deals?

@Fradel Schaechter , start your own MeetUp. For free here on BP, Eventbrite and on Facebook Events. Get a few interested pros to show their stuff to let them help you run the show. Remember, we spoke about leveraging other people's strengths which is one of the many keys to growing your team. Good luck ;-)

Think BIG.

In my experience and opinion, and you will receive a ton in the days and weeks to come, commercial multifamily is the way to go, especially based on your $15K/month goal. Self-management and local investing won't do the trick. You will need to find and/or partner on deals to scale as fast as possible. There are hundreds of blogs and podcasts to get up to speed on how all of this works. It will take time.

As a syndicator, of course, I'm biased but also more than happy to add my insights to your journey of gathering intelligence. Feel free to PM me to have a one on one conversation about your investing goals, expectations and opportunities. Let's explore if there's a fit.

How about asking the owner if he would seller finance the property to you? It seems the owner's pain is wanting out asap, not necessarily the asking price. If the owner can wait for the cash-out, he could become your lender and receive monthly payments until you do a ballon in a few years. 

Not listing the property has advantages: 

• Start with no down payment and no interest, work your way up to a certain degree, if necessary.
• Never pay more than 5% down of agreed price.
• Interest is not advisable since the owner has to pay taxes on that income and just makes the deal less attractive.
• No realtor commissions.
• Immediate cash flow for both parties.
• No banks involved.
• Speed. 
• The owner keeps the property as collateral. 
• Offer the renters a rent-to-own solution with a 10% option payment. Cash in your bank.

These are just a few thoughts. There are many ways to do this deal, depending on the needs of each party involved. Find the pain and structure the deal around it.

Feel free to PM me if you have more questions or want to partner on this deal.

Hi, @Ian Ippolito Thank you for your interest.

No, we do not have audits of US properties - yet. My team and I have experience in the European market. Audits for these assets are not generally available due to the very strict European privacy laws.

Nonetheless, I have a couple of interesting US deals on the table which I would like to tackle with private investors, my co-sponsoring team from Texas or other new general partners. Combined, they have 2000+ units under their belt in various sub-markets to compliment my business acumen and track record.

Check out my LinkedIn profile and connect with me to find out more about my past business activities, projects, and third-party endorsements. If you are interested to talk feel free to PM me: I can share a sample of my underwriting and business plan with you or anyone interested and a link to block some time on my calendar to chat things over. Thanks.

Cheers, Ken

Breezopoly | Multifamily Real Estate Syndications & Investments

is reaching out to motivated property managers, general contractors and leasing offices to collaborate on creating a business opportunity together.

We’re buying/looking for off-market, B- to C class, 150+ units, value-add, multifamily properties of $5-$25 million in metropolitan growth areas. Must have great upside to reposition by updating landscaping, rehabbing, modernizing, metering utilities to tenants (RUBS), perhaps solar and water retention applications, amenities, renovations. Tired-, out of state owners, seller financing (OWC), master-lease, deferred maintenance.

No A class or new developments. No Loopnet listings, everyone else and their mother's dog is bidding on those high priced properties which never work out in our underwriting. See our updated buying criteria for your convenience.

Positions are available in our current deals in Phoenix and Memphis: accredited private equity investors, key principles as loan guarantors with preferred returns and equity upside. Co-sponsors with track record as general partner in several states. PMs, GCs, CPAs, CFOs, lenders, underwriting and business plans are all in place and ready to go. Gain direct access to our sample deal package and get a glimpse of our underwriting.

Tag someone, connect with me on LinkedIn, PM message or email me.

Have an amazing day and stretch your leadership muscles by doing something outside your comfort zone every week :-)

Hey @Fradel Schaechter , this might be something up your alley ;-)