All Forum Posts by: Andrey Y.

Congrats on investing passively and I hope those are going well. 

There is no standard in the fees to charge. At the end of the day, they are still lower than the stock broker's charge. I would keep an eye on Asset management and acquisition fees. You don't want that to be too high. You want to make sure they have skin in the game. 

I just did a podcast on this. A lot of syndicators that I have seen are having large proformas that they are not achieving. I think it is important to have multiple people analyze your proforma. Your property manager should feel very comfortable to achieve the rent premium. I would double-check the operator's proforma to see if you are able to achieve those types of rents based on the scope of the renovations. 

I hope this helps. Looking forward to your success. 

it will be 22 before you would get one so get your deposit in asap as deliveries are based on when the deposits go in.

although I think like other Teslas they will deliver the most expensive one first. then work their way down to the least

 Gotcha. Going to put my deposit for the mid-range one now!

Andrey did you put your 100.00 down for the cybertruck ?

Agreed when I started in RE at 18 I lived at home the first year and used my parents car :)  One always needs to measure necessity with wherewithal.   And before I ever bought a nicer car I had already bought my first home to live in..  Of course now a days many say a home is a liability but depends on where you live I happened to buy mine in Silicon Valley and that one move was very timely and turned out to be financially rewarding.

I know a few turnkey people who drive nice F-150's that cost $65,000 but we just have to wait and see. Tesla is way behind on their promises so who knows? 

1% rent growth might be too high and 3% might be too low—rent growth is submarket specific. As an example, I have been buying in markets that have experienced 3% year-over-year rent growth (on average) since 1996.  There, a 3% forecast is supported by history. But I’ve also seen markets experiencing negative rent growth or have averaged 1% since 1996.  Regardless of the market, the rent growth forecast should be supported by third-party forecasts and long-term averages, along with a mild dose of pessimism.

Anyone invest with Mike Krieg of Steeplerock Partners?

I'm thinking of going into one of his syndication deals, but family is against it since there are no guarantees.

They want me to own something and have complete control over it.

Any thoughts?

Thank you.

@Shane O'Donnell I know Joe and cannot speak highly enough about him and his operations.  I appreciate how he has created such a solid model at a large scale but is not flashy or boastful.  

@David Wall I also know Dan Handford.  Both he and Joe are top notch.  

Call anytime to discuss.