All Forum Posts by: Duc Ong

💥 You are invited to join us on February 6, 2022 at 3PM for delicious food, great networking and receive an abundance of information about the conference.

📍Bourbon Street

1055 Alakea St., Honolulu, HI 96813

RSVP here:

https://www.millionairesmindsetblueprint.com/meetandgreet

Due to the recent spike in COVID-19 numbers, the Honolulu Multifamily and More Meetup on Thursday 12/23/21 has been cancelled.

We'll let you know about the next meetup once details are finalized.

💥 Join us for an in person Honolulu Multifamily and More Meetup on Thursday 12/23/21 from 6-8PM.

🤝 For this meetup, we are going to be networking in small groups, so bring your business cards and connect with other investors!

📍Four Seasons Ko'Olina Poolside Bar

We are limiting this event to 20 participants.

REGISTER HERE:

https://bit.ly/hmm-dec21

💥 Join us for an in person Honolulu Multifamily and More

Meetup on Sunday November 28th, 2021 at 5 - 8PM in Kaimuki.

🤝 For this meetup, we are going to be networking in small groups, so bring your business cards and connect with other investors!

📍Register here to find out the exact location:

https://bit.ly/HMM-11-28-21

We are limiting this event to 20 participants.

🍻 Bring a drink or snacks to share.

💥Join us for an exciting Honolulu Multifamily and More Virtual Meetup on 

Saturday, October 16, 2021 at 9:30AM HST/12:30PM PST/ 3:30PM EST

📋 Agenda:

🔵 Open networking

🔵 Breakout Rooms 1

🔵 Deal Lessons Learned

🔵 Breakout Rooms 2

🔵 Open Networking

Register in advance for this meeting:

https://bit.ly/hmm-oct21

After registering, you will receive a confirmation email containing information about joining the meeting.

💥Join us for an exciting Honolulu Multifamily and More

Virtual Meetup on Saturday, September 18, 2021 at 9AM HST/12PM PST/ 3PM EST

📋 Agenda:

🔵 Open networking

🔵 Breakout Rooms 1

🔵 Pitch Decks

🔵 Breakout Rooms 2

🔵 Open Networking

Register in advance for this meeting:

https://bit.ly/hmm-sep21

After registering, you will receive a confirmation email containing information about joining the meeting.

@Christopher Dizon

I agree with others that you would do better by selling and getting into something that cashflows better, like a small multifamily or a syndication in larger multifamily deals. It just depends on how much time you have and how active or passive you want your income to be. Let me know if you want to chat more.

@Ben Parrish thanks! Do you invest there as well?

@Dmitriy Fomichenko Thanks! I see you're in Anaheim Hills. I have a SFH in Anaheim also.

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $4,000,000
Cash invested: $49,000

LIHTC to market plan

What made you interested in investing in this type of deal?

The biggest upside to this deal is our plan to exit the Low Income Housing Tax Credit program. If successful, that should produce a sizable increase in value, since market value properties are worth significantly more.

How did you find this deal and how did you negotiate it?

Park Place came through a direct to seller connection from our outbound marketing, for a purchase price of $4M. We were able to secure a $250,000 seller credit to help with the renovation budget.

How did you finance this deal?

Bridge debt

How did you add value to the deal?

We are partnering with Greenbrier Property Management to implement our business plan, which includes curb appeal improvements along with driving NOI growth through decreasing expenses and increasing revenue.