All Forum Posts by: John Casmon

I just recorded with Herve last week. Great interview. 

Great insights in the thread. Cash flow is less risky than hoping for appreciation. That doesn’t necessarily mean good cash flowing properties will see less appreciation. We still like desirable neighborhoods with strong fundamentals that will increase demand. The fact that they also provide good cashflow makes these ideal for us and our strategy.

The willingness to partner with others. Starting out I felt like I had to do everything by myself. Looking back, I could have had more success sooner if I was more willing to work with others. People always say apartment investing is a team sport, but I didn’t fully embrace that right away.

Learn how to keep your apartments filled with qualified, paying residents, and collect premium rents! We're going to speak with Allie Langohr and Max Steinman of Rentsync, who specialize in providing marketing solutions for multifamily professionals.

As always, the event is free, so bring an open mind, and be ready to network. We'll leave time for Q and A and break out into small groups to help you reach your 2021 goals. 

Agree here. I looked up Biden's biggest campaign donors and two of the top four were Deborah Simon (of Simon Malls) and George Marcus (of Marcus & Millichap). I'm not implying that this means anything, but my guess is he will at listen to these two, if not the rest of the industry.

It will be a 50+ unit deal, but I haven't decided which deal in particular. I may also walk through a smaller deal. Any preference?

Yes, it's virtual. At the top of this page, there is a Zoom link. Make sure you put it on your calendar.

Biden’s policy is mostly on making housing affordable and eliminating discriminatory practices. However, he has stated that he wants to end the 1031 exchange, step up basis (for inheritance), and even bonus depreciation.

Talk of eliminating the 1031 Exchange dates back to the Clinton administration. This has been in place for almost 100 years, less likely this can be removed without strong opposition but it’s possible. The bonus depreciation on the other hand, especially the accelerated version from the last tax reform by Trump can certainly be in jeopardy as it’s set to expire (believe in 2022). It’s doubtful that this is renewed, so commercial investors who have been using cost segregation to accelerate depreciation may be at risk.

Join us for the last Chicago Multifamily Club Meeting of the year as I break down a multifamily deal to help investors evaluate active and passive investing opportunities. We will also offer group coaching for a select number of investors. This is a free event with no pitching and is for information only. 

Depending on the size of the deal, you are likely going to need private lenders or partners. To qualify for the primary loan, lenders will still want to see that you (or your team) have the net worth and liquidity to cover the loan.