All Forum Posts by: Roselynn Lewis

@Nicholas, @Michael  --- Thanks for your responses. 

So overall, understanding Property Management is the most important part of apartment ownership in respect of apartment ownership.

What is the most important skill to learn as an investor in order to make your apartment investment profitable? 

Where is the money made/lost in apartment investing?

If you were starting over today, what advise would you give yourself as an apartment investor?

@Bryan Hancock Thanks for your insights. your are right on target

@Kurt F. Thanks for your question.. here is what is happening...

At this stage of the development project, I need the insights of several professionals, geotechnical engineer, environmental impact assessment analyst, lawyer, architect, general contractors, real estate consultant etc. I have been able to get most of the work  at no cost to very minimal cost, to costs  that I can bear at this time. This is based on the relationships I was able to form, sometimes even via email, on the basis that I have to raise funds and I will come back to you post funding for the follow on business.

Like Bryan H says, it takes (art) or soft skills at this stage... a belief in you and the project...It has been a great learning experience... hope that helps...

Thanks @Jon Klaus ; Thanks @J Scott  for your insights....

BiggerPockets could not do this without you!!!

How does one work with an architect? would like to know if it is possible to do some preliminary work with an architect to understand the cost of my development for fund raising purposes.

How accurate would such an approach be?

Any other thoughts?

At how many number of units for a multifamily property would you bring in a property management firm (onsite or offsite)?

Additionally, How will the parties share in the annual cash flows to be produced from operating the property?

How will the parties share in the cash flow received from sale of the property?

If you want to get into a JV with a land owner, what are the considerations to determine the return to them? What are any other general considerations from the perspective of a property developer?

@JonasSmith great point. Very interesting

@Tanya S. thanks I will check out courser.

@Andrew S. thanks. I am interested in real estate accounting.

@Steven thanks for the youtube suggestion. I will check that out for sure