All Forum Posts by: Niv Levi
Niv Levi has started 1 posts and replied 8 times.
Post: Columbus, OH: Real Estate Agent Referral
- Rental Property Investor
- Florida
- Posts 9
- Votes 5
@Daniel Mendez I recommend @Remington Lyman he is very knowledgeable and has a good
Grip on what areas in Columbus are best to invest in.
Post: Grant Cardone / Cardone Capital
- Rental Property Investor
- Florida
- Posts 9
- Votes 5
@Calvin T. He is not for everyone. I think experienced investors do not need him nor like what he offers. He fits the ultra passive investor who just wants to be part of something. Newbies also seem to like him because he motivates, teaches etc. He is all over the place but it works for him I guess. His leverage is way above anything I personally believe in nor would get into, he makes the money I would assume on fees and the exit.
Post: Multifamily underwriters, are they worth it ?
- Rental Property Investor
- Florida
- Posts 9
- Votes 5
@Tyler Kastelberg Thank you for the feedback. I like the idea of hiring a freelancer, that definitely feels more like our style. I will check out your company to see if the can help. Thanks again
Post: Multifamily underwriters, are they worth it ?
- Rental Property Investor
- Florida
- Posts 9
- Votes 5
Originally posted by @Aaron Stuiber:
I really like what @Seth Ferguson said. Honestly if you're comfortable and you've had success in the past underwriting your own deals then the only reason to change it up would be to free up time for other money making activities. If you're ever looking for another set of eyes I would also suggest just simply reaching out to another professional that you trust and someone would give you honest advice on the deal.
Will definitely consider that option, having someone I trust may be the better option. Thanks
Post: Multifamily underwriters, are they worth it ?
- Rental Property Investor
- Florida
- Posts 9
- Votes 5
Originally posted by @John Casmon:
@Niv Levi There's merit to bringing on an underwriter, but it doesn't absolve you and your partners from the assumptions and projections. As @Greg Dickerson stated, we use help to do the initial underwriting, but I still go through all the assumptions and projections before submitting an offer. What may be more useful is having someone come in and handle the data entry and then you can review it and adjust as needed.
Thank you for the response. That is a good idea and will consider it, thank you.
Post: Multifamily underwriters, are they worth it ?
- Rental Property Investor
- Florida
- Posts 9
- Votes 5
Originally posted by @Greg Dickerson:
@Niv Levi I would only use this as either a quick first look to help sort through deals or as a double check to audit your underwriting. If you are syndicating and using investor capital you have a fiduciary responsibility. They are relying on you to thoroughly vet the deal yourself. If you were to tell your investors that you do not do your own underwriting I doubt they would trust you with there money as I am sure you would not either.
If you are using your own money that's a different story.
I definitely agree with you across the board. Thanks
Post: Multifamily underwriters, are they worth it ?
- Rental Property Investor
- Florida
- Posts 9
- Votes 5
We have been buying multifamily properties for quite a while now. Before acquiring properties we have been doing all the underwriting ourselves. As we are growing, we are entertaining the idea of hiring a third-party underwriting company. I feel it might be good to get another set of eyes, especially if the city we are buying in is new to us. My question is
1) Has anyone worked with a third party underwriting company that they can recommend, as well as mention the benefits using them compared to keeping it in-house ?
2) Do you think it’s worth using Third-party underwriters on purchases under 50 units ? Or should we continue doing our own underwriting ?
Would love some feedback on this subject.
Post: Formal Education or Hands On Experience?
- Rental Property Investor
- Florida
- Posts 9
- Votes 5
Hands on experience always wins in my book, but learning corporate strategies, finance and other education can never hurt your edge. Commercial development is in a league of its own, which I think working for a company or person in the beginning can definitely help out with the trial and error phase you will definitely go through. You need deep pockets to get into ground up development, as well a healthy construction background. Again, I believe a school can never teach you what hands on experience does for you.