All Forum Posts by: Tj Hines

Hi @Shane O'Donnell! I've heard great things about them although I haven't placed any capital with them. I'll connect you with someone who has, maybe he can answer your questions. Send me an inbox message. 

Hi @Alexander Mohr! Not sure if this may help, but we have a resource here in the U.S. we use called meetup.com    Not sure if you would have access to this. It's a platform that allows you to search for local real estate clubs in your area. You can also Facebook local groups as well in real estate. Try LinkedIn for local groups or groups abroad.

If you don't mind me asking why Toronto?

I know a few Canadians that are running and parking their money in the states. Mainly markets that are emerging primed and ready for reposition mainly targeting affordable housing which will ALWAYS be a need in this country. Good luck on your journey my friend.

@Trey Knight figure out what you're most passionate about and what you love doing. Then spend your time working on those strengths whatever they may be. Don't be in such a rush to seek employment. Easier to say. Harder to do. Work on personal self development and developing the mindset to where you can master your thoughts and channel all of them in the direction you want to go and soon enough you will find yourself walking that path. Good luck on your journey.

@Daniel Vanrider I would steer far away from an agent who has no clue in the multifamily commercial space to know how to evaluate these deals. Keep in mind these deals are based on the actual income. NOI =Income -Expenses

They have no clue about cap rates and trading prices per door. Link up with a commercial brokerage or better yet a broker who specializes in multifamily.This will make your buying process and search much better. Start searching on loopnet to familiarize yourself. You can download OMs there and in some cases even the financials T12 and RR

@Timothy Swenton A B C & D can be classified as the age of the asset along with the quality of the area.

A = Newer built properties maybe from 2005 - Present

B = Properties built 1980s -Mid 2000s

C= Properties built in 60 & 70s

D = These can also be properties built in 60 and 70s too as well. D class is specifically categorized as the area not the age or condition of the property.

@Ben Feder a profit and loss statement over the past 3, 6, or 12 months

@Ben Feder

This is only speaking from a 5+ units perspective. Expenses need to be accounted for: taxes, ins., contractor services, electric, water, trash&sewage, maint. & repairs, G&A, legal, turnover, payroll, management fee.

All of this can be examined through the T3, T6 or T12. Here you will get an idea of how the property is performing and or what you can improve from the management side. From there contact local property managers that specialize in managing your specific class of asset and condition to justify if the current expenses are in line with the market expenses per door in the area. Good luck

@Stetson Miller

Would you agree that the peak for apartment style and large multi-family investments has already been reached in your current market? (Yes multifamily is definitely peaking at the moment. Correction coming soon, but wont be as bad as 2008-2009. You can still find great opportunities you just have to be more persistent and conservative in your approach)

2. What cycles or recent trends in real estate are you seeing in your markets that are coming off of a peak or will see a peak in the coming years? (We feel storage facilities, mobile home parks and multifamily apartment communities as vehicles that can weather the storm against UN-forseen circumstances)

@Joshua Ferrari connecting with others at your local real estate meetups is a great way to get started or even better like @Danny Randazzo mentioned, start your own. Investors want to know who exactly they're dealing with. In person meets allow you to build even more trust and influence.

Great topic @Dan Handford!

As you mentioned in the beginning the syndicator needs to be focused more on acquisitions, so yes outsourcing management to a 3rd party is probably the smartest thing to do. But as one grows and starts to scale - it may then at that time make more sense to bring management in house. This is where the true power of economies of scale come in. Bringing management in house will certainly add more to your bottom line NOI.