All Forum Posts by: Mo Karim

@Brendan Bogenschutz - Would love to connect and find out about your criteria. I'm an investor myself and helping clients close on 1.5M worth of real estate this month in DFW.

Quote from @Erik Fishman:

Hey BP Community,

I lead fundraising at The ValCap Group, a multifamily owner-operator based out of Dallas texas. We have exited over 11,000 apartment units averaging an IRR over 30%. Our current portfolio sits at ~5000 units and our primary markets are DFW and North East Tenessee.

We recently put under contract a 2017 vintage, 168 unit, multifamily property in Kingsport, TN with a going in cap rate north of 6%. As the second largest owner-operator in this market (~1400 units), we have a strong understanding of the Kingsport/North East TN market. We believe this new acquisiton will be a home run for long term cash flow as well as value appreciation. We are currently seeking Limited Partners for this project however, we also have the ability to facilitate a handful of 1031 exchanges via a TIC structure. This could be a great opportunity for an investor who is looking to place their exchange in a passive multifamily investment with an experienced operator.

If this sounds like something you would be interested in learning more about, please reach out and I would be happy to share with you more information about ValCap as well as the investment offering. I am also happy to speak with interested investors who are not looking to place an exchange. 

Thank you,

Erik Fishman

 Rich was very kind anytime I reached out to him and gave me a few tips. Hope this deal works out!

You're welcome, good luck!

@Umer S. - google: Esusu

@Ronald Rohde - how did you get the new tenants or are they the old ones? What % down? Congrats man!

@Nissy Rel - Do you have list of addresses you can send by DM?

@David L Gray - Would like to know a bit more about what you're looking for regarding land.

@Will Parks - Do you know the zoning and overlay for the land? City zoning and planning should be able to assist you with this. See if its abstract (should be able to see this on lot and block description or survey should have it). If abstract, you'll have to get it platted, this can take 3-6 months with engineering, etc. Its raw land so most likely you'll have to do this. If you have the survey, talk to the person who did it, they'll be able to give you more insight into the land such as easements, utility access, flood zone, etc. If in a flood zone, city might want a flood study done and submitted with plans. Just depends on the project.

What are you trying to develop?

Has anyone done partial or whole note investing on platforms like Aloha Capital and similar companies? What was your experience? How was your ROI? Can you recommend a few reputable ones? Thanks!

@Taha Tekreeti - Did you end up buying one of his properties? 

@Rebecca Knox - Do you find the deals yourself and then hand it off to your PM? Or is the PM also sourcing the deals?

@Marcus Auerbach - How are the Milwaukee burbs market? Starting to look at possibly investing there.