All Forum Posts by: Jason Scott Miller

You may see a deal where the sponsor says they are putting $250K in the deal. But, if their deal includes an acquisition fee, this might be meaningless. Let's say the acquisition fee provides them $300K at closing. In this case the deal basically paid them $50K up-front. In my mind, this means they have less than zero skin in the game; the syndicator has already taken profit out of the deal. They have negative $50K in the deal.

Too many deals out there are filled with junk fees extracting all the profits for the syndicator, leaving the passive investor with all the risk and reduced returns. Be careful.

Great Point Greg

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I'm sure this on other places within threads, but what do you typically like to see in terms of investment from the Project Sponsors on Multifamily Syndications? I've seen on the web anywhere from 0-25%, but this seems to be an important metric for these types of deals and would like to know what makes you comfortable.

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Hi Everyone -

I'm looking at a development in California of 10 constructed townhouses. I see a lot on subdividing land for development, but I can't find much information on subdividing properties that have already been development. My plan would be to convert these townhouses into individual units and selling them off. Does anybody have any insights or references on this process?

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Originally posted by @Paul B.:

Originally posted by @Jason Scott Miller:

Education aside, what kind of access to deals are given after purchasing one of these programs? I think there is enough information online that another course isn't going to move the needle on getting involved with a MF property or not. My issue is finding the right opportunity being that I'm in a high COL area. How often do opportunities come presented to the group vetted by the team?

In addition, education can only teach you so much - what type of experience-based learning do you receive when joining these teams?

I can tell you that Brad's students sometimes learn about off-market deals through his team's relationships with brokers in DFW, and to a lesser extent, elsewhere in Texas. Another benefit of joining such a program is that it is a great place to find a partner if you'll be investing out of state.

Best thing to do is meet some of the students in person and hear about their experience. There are sometimes events in the Bay Area that Brad's students attend.

Any specific events you are referring to? Any way to get in touch with Brad's students directly here in the Bay?

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In addition, education can only teach you so much - what type of experience-based learning do you receive when joining these teams?

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Thank you @Matt K. @Andrew Johnson @Alexander Felice @Garrett Hogan @Ali Boone !!!

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Hi Everyone -

I've been eyeing a few multi-family deals out-of-state (CA) and I've found some where the numbers work. I've never invested out of state and was wondering what the best strategy would be to locate and approach possible mentors who have done this before?

Jason

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Airbnb now offers landlord profit sharing. Approach the tenant and take a percentage - win/won imho.

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Great story Fay!

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All Forum Posts by: Jason Scott Miller

Jason Scott Miller has started 3 posts and replied 9 times.

Post: How much "Skin in the Game" do you like to see from PS MF Synd?

Post: How much "Skin in the Game" do you like to see from PS MF Synd?

Post: Subdividing Constructed Townhouses

Post: Rod Khleif vs Brad Sumrok Multifamily Coaching Review ??

Post: Rod Khleif vs Brad Sumrok Multifamily Coaching Review ??

Post: Investing Out-of-State Mentors

Post: Investing Out-of-State Mentors

Post: Tenant Using Rental Property as Full Time AirBnB

Post: Divorced at 24, millionaire at 29.