All Forum Posts by: Jason Yarusi

Listen to our most recent podcast with fellow investor Lauren Hardy. Learn how Lauren juggles family and flipping out of state. Find out how she analyzes properties and builds teams in markets 1000 miles away. Click the link to listen to the podcast:

The Real Estate Investing Foundation Podcast

Lauren gives awesome tips on making the stressful parts of selling a property as hassle free as possible for sellers...

For a full list of episodes, visit us at www.yarusiholdings.com.

 Are you repositioning a current property or doing both from ground up? Bringing utilities in etc.

@Thien Luu  We hold the meetings monthly at the Keller Williams Westfield office. Here is the link https://www.meetup.com/New-Jerseys-Multifamily-Investment-Club-NJMIC/events/245960448/

Hello

Looking forward to tomorrow night's meet up. Going to be an action packed meeting. We are going to talk about syndication - why do it and some of the pitfalls. We are not lawyers so we will be round tabling past experiences and lessons learned.

We also are excited to have Gabe DaSilva join us and share how he has systemized his investment business. From lead generation to project management. This is key in all investment vehicles and we look forward to seeing how we can translate this to our multifamily investments and property management.

All are welcome- new to experienced and look forward to hearing any successes since last meeting!

Best

Jason Yarusi

Yarusi Holdings, LLC

www.yarusiholdings.com

@Victoria Jonagan 

Did you purchase a land bank property here? How did you fare with the process?

Can anyone suggest a PM for an large flex commercial space in the midwest? Heavy on distribution with office. Would like a regional or national company recommendation. Thank you.

 Hi Charles

You are using a number of guesstimates which is great on a high level but once you get solid on an area you need to hone in on what your true expenses are so you can accurately evaluate a property. You may correct be that 50% expenses is a good start but if its a 1950s all owner paid property 50% may not be enough in this instance. Wherever your numbers fall that make this the right property for you do not feel awkward about making the offer. If it is through the broker tell them where you are at with your numbers and see if they think it is worthwhile for you to submit an LOI. MOst of the time they will say yes as long as you have justification for your offer and are not just throwing low offers blindly. We present our lower than expectation offers in the following light " Mr seller thank you for the opportunity to bid your property- we like the property the area and the xyz potential we see with the property. However in analyzing this property we see you have your expenses at Y, well it seems for our analysis we would not be able to operate the property at that price point, more than likely you have the connections there and a great team, we have to hire all of our team, are remote owners and it will be more costly for us using 3rd party management. Therefore we will have to offer at this price point so we can run the property correctly and still meet our investor returns. We are serious about our offer and have included our analysis (top line income and expenses) for your review. With acceptance we will have a PSA and due diligence checklist sent over within 24 hours. Thank you."

Hi Guys details above in heading. Meets once a month this is meeting 8 I believe - next one is tomorrow night at 7pm at Keller Williams Westfield  

Tomorrow night we keep all the awesome energy going. We bring ten steps to the table to get your first or next Multifamily acquisition in 2018. We will also roundtable an analysis of a mock 100 unit deal. Look forward to seeing everyone there!