All Forum Posts by: Mordy Chaimovitz
Mordy Chaimovitz has started 16 posts and replied 125 times.
Post: How to get Tenants on board when selling a SFR
- Investor
- Chicago
- Posts 128
- Votes 85
Im considering selling a SFR with good tenants, but I know that I will be really inconveniencing them both with showings as well as with a possible move out if the buyer is an end user.
Anyone have experience with this and can guide me on how to get them on board?
Thank you!
Post: How to best SELL SFR investment properties.
- Investor
- Chicago
- Posts 128
- Votes 85
Quote from @Kyle Joseph:
Have you talked to your lender on these properties so see if they would give you an equity line? You may be able to draw on some of the equity that you have built up, without having to sell the property or refinance and pay higher rate / more principal.
Post: How to best SELL SFR investment properties.
- Investor
- Chicago
- Posts 128
- Votes 85
I have 2 SFRs that are performing well, appreciating nicely but I'm itching to get the capital out of them to scale to bigger deals.
Doing a refi now would move me from a 4.5% interest rate to somewhere in the high 7% to 8% range, so I am thinking of potentially selling. (even though buying something else would also put me at the same rate)
My understanding is that an owner occupier would pay more for the property than an investor, but i have leases that end in September, which is not the best time to sell.
So my questions are,
1. what are good strategies to SELL your investment properties?
2. should i wait untill interest rates come down?
Thanks everyone!
Post: Raising capital for syndications
- Investor
- Chicago
- Posts 128
- Votes 85
Quote from @Jordan Northrup:
Thank you Dimitrius. In your opinion, what is the best forum in which to raise money? Does one post on BP, social media, friends and family, personal business connections? What is the best way to raise and hold the money while you search for a deal? Do you create a separate LLC to be the Fund of Funds (per SEC) and have investors contribute while you seek to place the capital?
Social media is big here. check out what syndicators are doing on Linked In to raise capital. you can learn a lot.
Post: New Member Introductions
- Investor
- Chicago
- Posts 128
- Votes 85
Hi! welcome. what made you decide to invest in a condo?
Post: 22 with 200k liquid looking to get my first property
- Investor
- Chicago
- Posts 128
- Votes 85
Wait 3-6 months. Prices are still dropping and you will be well positioned to pick up a property all cash to BRRRR
Post: How would you use 300k to start investing in real estate?
- Investor
- Chicago
- Posts 128
- Votes 85
Im not a syndicator but you might want to consider passive investing with a reputable syndicator
Post: [Calc Review] Help me analyze this deal
- Investor
- Chicago
- Posts 128
- Votes 85
Looks like a hot mess to me.
Under estimating closing, rehab, and holding costs by a combined 20k at least!
Also, your profit margin, even with your assumed numbers is way too small.
SKIP! Run away!
Post: Purcahsed a 55,000 SQFT building at an auction - Need Guidance on what to do next!
- Investor
- Chicago
- Posts 128
- Votes 85
Hi. We have extensive experience in these type of assets. I would be very interested in having a conversation with you to see if we can either partner up or make this work somehow please feel free to DM me for more information.
Post: Commercial Multi-Family Investors: How Important is Excel Modeling?
- Investor
- Chicago
- Posts 128
- Votes 85
Do you have a different way of analyzing the numbers on a property to see if it is a good investment?
I have a spread sheet that i created for underwriting 10 plus units that I am happy to share.
It doesnt seem that I can put it in this post, but feel free to DM me, and I would be happy to send it to you.