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All Forum Posts by: Senate Eskridge

Senate Eskridge has started 57 posts and replied 185 times.

Post: New to multi-family - looking to make syndication connections

Senate Eskridge
Posted
  • Investor
  • Twin Falls, ID
  • Posts 194
  • Votes 115

@Justin Smith I am a full-time real estate Syndicator and I know several other people who do Syndications across the country.  I would be happy to jump on a call and get to know each other and refer you to some people that fit your criteria.  

Post: Can Someone Please Share a Underwriting Spreadsheet for MFamily?

Senate Eskridge
Posted
  • Investor
  • Twin Falls, ID
  • Posts 194
  • Votes 115

I use Synthesis you can get a copy at https://www.themultifamilyanal... it is by far my favorite.  

if you need a free model I believe Adventures in CRE is still gives theirs away for free. https://www.adventuresincre.co...

Post: Wish to affiliate with mentor for multifamily acquisition

Senate Eskridge
Posted
  • Investor
  • Twin Falls, ID
  • Posts 194
  • Votes 115

Look into Jake and Gino, I would be happy to tell you my experience if you would like

Post: Exit cap rate and IRR

Senate Eskridge
Posted
  • Investor
  • Twin Falls, ID
  • Posts 194
  • Votes 115

This is going to take time and experience!  

The exit cap rate is an estimate or more of an art than a science, you have to know your market and your product.  Specifically, a Class A product in Austin is going to change at a different rate than a class C product in Oklahoma City.  As a basic rule of thumb, I INCREASE or decompress the caprate on my properties 15 basis points for each year I hold the property.  so if I buy at a 5 cap and hold it for 5 years then my exit cap rate would start at 5.75 and then I tweak it based of specific factors of the property market and location.  


As for IRR if you have a specific target in mind you can work backward to get the variables to hit that target but I don't think this is the best approach. you want to make sure you can execute the business plan first.

Post: Looking to connect with some experienced capital raisers...

Senate Eskridge
Posted
  • Investor
  • Twin Falls, ID
  • Posts 194
  • Votes 115

@Toby Ima I am an active capital raiser and have experience in Tulsa.  I would be happy to chat.  

Post: Magic Valley Real Estate Investors Meeting

Senate Eskridge
Posted
  • Investor
  • Twin Falls, ID
  • Posts 194
  • Votes 115

The June Magic Valley Real Estate Investors Meeting will be 6:00 PM - 8:00 PM on June 9th at Hong Kong restaurant. Networking begins at 6:00 PM and the presentation begins promptly at 6:30 PM.

We will be discussing Multifamily Syndication.

Have you joined our Facebook Group yet?

https://www.facebook.com/groups/mvrei

We will be meeting at Hong Kong Chinese Restaurant

163 Cheney Dr W, Twin Falls, ID 83301

Food will be available but not required, their menu is on their website if you would like to peruse it ahead of time.

http://www.hongkongtwinfalls.com/menu/

Post: May Magic Valley Real Estate Investors Meeting

Senate Eskridge
Posted
  • Investor
  • Twin Falls, ID
  • Posts 194
  • Votes 115

The May Magic Valley Real Estate Investors Meeting will be 6:00 PM - 8:00 PM on May 12th at Hong Kong restaurant. Networking begins at 6:00 PM and the presentation begins promptly at 6:30 PM.

Have you joined our Facebook Group yet?

https://www.facebook.com/groups/mvrei

We will be meeting at Hong Kong Chinese Restaurant

163 Cheney Dr W, Twin Falls, ID 83301

Food will be available but not required, their menu is on their website if you would like to peruse it ahead of time.

http://www.hongkongtwinfalls.com/menu/

Post: April Magic Valley Real Estate Investors Meeting

Senate Eskridge
Posted
  • Investor
  • Twin Falls, ID
  • Posts 194
  • Votes 115

The April Magic Valley Real Estate Investors Meeting will be 6:00 PM - 8:00 PM on April 14th at Hong Kong restaurant. Networking begins at 6:00 PM and the presentation begins promptly at 6:30 PM.

We will have David Taylor from Twin Falls Estate Planning. David has a wealth of knowledge in asset protection, legal structures, and estate planning. Come prepared to learn and bring your questions.

Have you joined our Facebook Group yet?

https://www.facebook.com/groups/mvrei

We will be meeting at Hong Kong Chinese Restaurant

163 Cheney Dr W, Twin Falls, ID 83301

Food will be available but not required, their menu is on their website if you would like to peruse it ahead of time.

http://www.hongkongtwinfalls.com/menu/

Post: 506(b) syndication sponsors

Senate Eskridge
Posted
  • Investor
  • Twin Falls, ID
  • Posts 194
  • Votes 115
Quote from @Evan Loader:

Greetings all, I've been investing in syndications for nearly 3 years now but have hit an obstacle and trying to mitigate/manage it. 

Over the years I've built up a decent list of syndication sponsors who will take capital from a sophisticated investor like myself, particularly via  506(b) raise. It's been successful so far. However, a few of the sponsors I am invested with have since shifted to a 506(c) focus for their subsequent raises. Since I have yet to be accredited(close, but not yet there), I'm reaching out on here on who is continuing to raise via 506(b) and accepts capital from sophisticated investors. 

@Evan Loader I raise capital for 506(b) syndications and I know several others who do as well.  Lets chat I am happy to make sone introductions.  Send me a message lets connect.  

Post: Lofty AI - Transactional Investing

Senate Eskridge
Posted
  • Investor
  • Twin Falls, ID
  • Posts 194
  • Votes 115

I have an account, it was very easy.  time will tell if I actually make any money.