All Forum Posts by: John Casmon

Is the weak point the marketing presentation itself or working with investors? If it's just the presentation template, you can go on Canva and grab a template or hire someone to create the presentation. 

If it's working with investors, the solve isn't quite as easy. The first thing is determining if you have the right relationships. Then you have to determine what you actually say. You probably don't want to come across "salesy" to family and friends so knowing how to position an investment opportunity is a key part of the process.

Thanks @Taylor L.!

Presentations/pitch decks are good to review to understand the important pieces of information that should be included. To @Evan Polaski's point, it's important to create one that is unique to you and your company's plan and tells a clear story of the opportunity. At it's core, it's really just a business plan with pictures and charts. 

Engelwood is a tough area for new investors. You should only consider it if you fit one of the following criteria:

1. You grew up or already live in Englewood (or a similar area)

2. You have a trusted AND experienced PM that already successfully manages in Englewood

3. You can protect yourself from a real threat of violence

I'm not judging either way, but it takes a certain personality to invest in Englewood and most investors aren't built for it.  

@Zulf H.

If they are not working due to COVId-19, they can file for unemployment benefits. There are other programs that exist as well for rent support. Focus on helping them get the money to pay you before exploring alternative options.

@Jay Hinrichs

So far we’re on track. We have a couple other deals where we’re awaiting formal updates at the top of the week, but seems like no major surprises.

Ohio implemented “stay at home” almost three weeks ago and has stopped all evictions so we were definitely concerned with our properties here.

@Jarrod Pettit most investors are sitting on the sideline for the short term (1-3 months) while this gets sorted out. We'll have a better sense of the investing landscape after that time. Most brokers and lenders I know are putting new deals on hold. Doing a deal right now is like doing a concert performance with no mic, the front row might be able to hear your lyrics, but most of the audience will just hear noise.

@Carl Crump Working with investors is a great responsibility. Since you're starting out, it's important for you to build a strong team that can make up for your lack of experience in multifamily. The team can be other operators, general partners, property manager, mentor, coach, etc. 

Be open to joining an existing investor/syndicator as well. Too many people try to bring in investors to their first deal when they are better served teaming up with a more experienced operator and leveraging that investor's experience starting out. If you'd like, I can PM you a few operators that invest in Arizona.   

AirBnB is simply waiving their fees. Nice PR move, but they're not "housing 100,000 responders" and they're not even "partnering" with hosts. I didn't see where they are making any investment other than waiving fees on this offer. 

What would be much better is providing funding for hosts for the additional supplies or future credits/discounts on fees for participants in the program. 

The issue is going to be with lenders and the capital markets. Lenders are tightening up their purses and until there is clarity in the capital markets and you KNOW with certainty what the lender requirements are, it's an exercise in futility. I was informed that there were $25 billion worth of deals submitted for agency debt over the last month. They normally receive between $8-9 billion worth of deals. They are being extremely stringent now and the same is happening with many other lenders and loan products. Be sure to talk with lenders now if you are considering any multifamily opportunity (assuming you are not paying cash for deals).  

@Baris Yuksel We decided to cancel this event due to the push for "social distancing" over the next few weeks. We are still planning to host our April event.