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All Forum Posts by: Chris Tracy

Chris Tracy has started 28 posts and replied 437 times.

Post: Seeking recommendations of a few Commercial RE Professionals

Chris TracyPosted
  • Specialist
  • Plainville, CT
  • Posts 478
  • Votes 389

I see you're in the Georgia market... I can speak on property management- my group uses SMP for our deal in Fort Valley and we LOVE them!

Post: How Did You Become a Multifamily Broker or Agent?

Chris TracyPosted
  • Specialist
  • Plainville, CT
  • Posts 478
  • Votes 389

You can focus on whatever you want- your brand is entirely up to you.  When I first got my license, I was with companies like Keller W & Coldwell B and much of the training, etc was centered around residential topics and I wasn't feelin' it, so I linked-up with a friend of mine that started a brokerage that focuses on working with investors- which is my passion and yes... 2 different worlds.

So it all comes down to what excites you and gets you out of bed in the morning.

If you like the arena of multifamilies, try to link up with a company like Marcus & Millichap or Cushman & Wakefield, etc who will train and support you in working with apartments, etc.

Post: Finding Off-Market Multifamily Deals

Chris TracyPosted
  • Specialist
  • Plainville, CT
  • Posts 478
  • Votes 389

@Carlos Casanueva- you could try Prospect Now.  The free and starter package is limited and can be a little pricey if you want additional markets, but it does provide a variety of info.  It's not a perfect system, but you can score off-market deals from it.  

Post: Legal paperwork on multifamily deals

Chris TracyPosted
  • Specialist
  • Plainville, CT
  • Posts 478
  • Votes 389

If you're referring to forming a syndication with investor partners for a commercial multifamily deal, the typical paperwork consists of a private placement memorandum, a subscription agreement, and an operating agreement; along with the usual docs that are used in a real estate deal.

Post: Creative ways to buy large multifamilies

Chris TracyPosted
  • Specialist
  • Plainville, CT
  • Posts 478
  • Votes 389

@Linda Govan- Have you considered linking up with some of the big dogs on here, seeing how you can help and add value to what they do?  That's how I broke into the game- ride someone else's coattails for credibility.  Let me know if you want more details, I would be glad to share my story with you.

Post: Great Markets for Young Aspiring Real Estate Investors.

Chris TracyPosted
  • Specialist
  • Plainville, CT
  • Posts 478
  • Votes 389

What type of investing are you looking to do- be a landlord for a 3 family? flip houses? be a syndicator? be a passive investor?

Post: How can i get funding on this deal?

Chris TracyPosted
  • Specialist
  • Plainville, CT
  • Posts 478
  • Votes 389

How many units is it?

Post: Apprenticeship Stories and Ideas! Please Contribute

Chris TracyPosted
  • Specialist
  • Plainville, CT
  • Posts 478
  • Votes 389

@Account Closed- I have a heart-warming apprenticeship story for you.  I work on Jeff's management team and you can hear all about how I met him and how awesome he is on the Joe Fairless show ep1038.

Post: What are your buying parameters for buying a multifamily property

Chris TracyPosted
  • Specialist
  • Plainville, CT
  • Posts 478
  • Votes 389

At least 75 units, B/C asset class, in the Southeast or Midwest with a good value add opportunity

Post: I Have $60k........

Chris TracyPosted
  • Specialist
  • Plainville, CT
  • Posts 478
  • Votes 389

@Hernell D.- Nice work!  No need to go small or do anything at all on the management side.  You can be a passive investor in most syndication deals... $50k will get you in typically.  Reach out to any one of the syndicators on here and make that money work for you!