All Forum Posts by: Logan Freeman

@Brian Wilson are you looking for something off-market? Or something that's listed? Will you be living in the property as well? Any specific school districts you want to stay in? Based on these answers I can introduce you to the right agent! 

@Danny Kao Congratulations on your 4 rentals and taking the action to accumulate those investments. As a person who also started in SFH and have now transitioned into the commercial space, it is a completely different ball game. There are so many different routes to go and also, everything is negotiable in commercial real estate. Structuring the deals, terms, etc. It is completely different than the residential space and allows for some great creativity.

I would be happy to chat with you and see if I can lend some advice. Joe Fairless's book is a fantastic read. I personally went to the RE Guys syndication event and the podcast they put out is second to none. 

What I would tell you - find someone who is willing to walk you through the process and answer your questions. Make sure they have your best interest in mind. With syndications you are now investing in people, not just properties. 

@Jordan Prentice I think @Greg Dickerson gives some great points here. I would find the big developers and make them my focus. Also - I would brainstorm some ideas yourself and come up with a concept that might work. It might take some $ to bring to life but at least you have an idea to then communicate. From a capital raising standpoint, I can help on that front - but you need to have a solid plan in place first. 

@Jon Schwartz I agree with @Mike Taravella There's nothing passive about solely owning property - in my opinion. I would start with the end in mind and reverse engineer it back. What's most important to you? 

@Sam Ng I do believe that @Frank Wong makes some really great points here. After completing 120 BRRRRs for our investors last year, I noticed that $ started to flood into KC for SFR and that inventory became scarce. This prompted us to look into a different model for our investors and build our syndication model completing BRRRRs on much larger assets. I think you need to start with the end in mind, as Stephen Covey would say and keep your investments diversified.

In my experience, having your real estate license is a tool. I decided to get licensed and help other people buy investment properties because I wanted to learn the transaction process, how to find deals and make connections. It was invaluable. I completed over 90 transactions last year - ALL of them for investors. Find the best investment broker and work with them. I know them all in KC. Ever thought of commercial?

I think having your license is valuable, even like @Rex T. said - if you only buy/sell your own properties you can make it worth it. 

I would start with the end in mind - what is your goal? Is this your only source of income, etc...

I would recommend reading Bob Helms book: https://www.amazon.com/Be-Top-1-Investment-Propert...

One thing I have learned after completing over 450 (120 last year) BRRRRs is that owning a SFR or a small multifamily property is NOT passive investing. That elusive "mailbox money" only comes when you are an equity partner (LP) in a joint venture and/or a larger partnership opportunity. That is what we are offering, a way to passively invest in properties with a team of reputable and experienced developers and operator. Click this link here to see our company overview. Our model is very different than usual structures - it allows you to keep equity AFTER we return your capital. Click  here for our investor FAQs. 

If you are a serious investor and are looking for a way to obtain equity, have cash flow and make the same $'s go farther, please reach out. 

I can be reached at [email protected]

@Peter Vekselman I went to the website and submitted a ticket. I would like to chat with you. 

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $775,000
Cash invested: $850,000

Contributors:
Lucas Taylor

In one of the hottest areas of KC Crossroads this is a 12,000 sqft commercial building. It has 3 floors. I secured a LOI from a tenant before we closed the property for $17 NNN plus utilities for 3,750 sqft on the main level and $8 a sqft in the basement. We are building 2, 3 Bedroom AirBnB's in the lofted space which should bring in $100k each, gross, conservatively. This is a 9CAP, 13% COC return. I sold the appraiser on the future value and it appraised for $1.6MM.

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

The higher barrier of entry and more complicated projects like this weed out competition and produce juicy yields. Commercial BRRRR is a niche we are focused on dominating in KC.

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

Off market, through my consulting company and my network, I was introduced to the property owners. It was a very long and complicated negotiation, took 3 months and included 2 elderly sisters that were not on speaking terms. J Scotts negotiating book and Chris Voss's were very helpful!

How did you finance this deal?

Community banking relationships - using a construction debt product.

How did you add value to the deal?

I secured a LOI from a tenant before we closed the property for $17 NNN plus utilities for 3,750 sqft on the main level and $8 a sqft in the basement. We are building 2, 3 Bedroom AirBnB's in the lofted space which should bring in $100k each, gross, conservatively. This is a 9CAP, 13% COC return. I sold the appraiser on the future value and it appraised for $1.6MM.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Myself

@Jake S. what’s the asset class you’re looking to invest in? Target returns?   Area?