All Forum Posts by: Eric Chikando

I'm curious about about it takes to start a real estate syndication tribe.  I'm particularly interested in acquisition of mid-size multifamily units.  Are you already active in that space? If so, please drop a comment below.

There's still a disconnect between pricing point and market value for real estate in the Valley; particularly for multi-family.  Much of the pricing isn't based on actual cash flow but rather, on speculation (i.e. Proforma). A key limitation of proforma in this market with continuously rising interest rates is, they fall short in depicting the actual cost of the loan.  Seller-financing might be the way the go at this point in time.

Investment Info:

Single-family residence fix & flip investment in Paramus.

Purchase price: $135,000
Cash invested: $5,000
Sale price: $168,000

Even though this flip didn't require much work, what made it unique was its all cash nature. Thus, much stress for an inexperienced flipper such as myself at the time. While it all worked out in the end, an important lesson I learned was to always tailor all future acquisitions to be in sync with my personality as an investor. What investment strategy resonates more with you?

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

Location

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

MLS