All Forum Posts by: Mark Kuster

@Austin Hendrickson Thanks for the clarification. 

@Ryan P. One option you might consider is investing with a syndicator that is buying for the long term in an opportunity zone. I think after 10 years the capital gains are tax free. I could be wrong so you would need to check with your tax advisor. We closed on a large complex in March in an opportunity zone and the new rules may change our exit strategy.

@David Walkotten. just curIous, why did you have to resubmit the loan? Are they havIng second thoughts? We had a 15M dollar loan blow up with Fannie the night before closing.

@Cedric Macon Hi Cedric. I'm still unsure if I'll be there. If I go, it will probably be last minute but if I do we can definitely find time to get together.

Opportunity, without the capacity to capture it, is an illusion.

Colin Armstrong what is a fundless sponsor?

@kimberly do you still need a contractor?

How many units is it Frankie?

Costar, Axiometrics, Yardi and Aln will all do a web based demo of their software with you. I gave them all a property I was looking at and we did the demo based on that property. Since I was able to keep the reports it was very helpful to go back and compare data at my convenience. The way they track and report data varies greatly so you may prefer one format over another. I think Axio has the most accurate data but it’s only for multi family. You’ll have to check pricing again for all of them since there seems to be some leeway on prices depending which sales person your talking to. This was a few years ago so things may have changed.

@ deep Patel. I also invest in the Midwest, mainly Ohio, Ga, the Carolinas, Kentucky and Indiana. I can send you a list of the brokers that do most of the transactions in those markets. It might be helpful if you narrow your search to a few particular markets to start with and reach out to the brokers in those areas. You can also get the market reports from a lot of different sources that are full of good info on the cities that your interested in, they’re free but quite valuable. Good luck on your journey.