All Forum Posts by: Shalini Kadaveru

Hey BP Members, I see this question in one of the group that I'm in and would like to know your thoughts as well.

If you could wave a magic wand and make your biggest challenge with achieving financial freedom disappear, what would it be?

Hi @Patrick Flanagan you might also want to check ProspectNow.https://www.prospectnow.com/

It is an online database that provides information about multi family property owners, including their contact information. The platform also offers predictive analytics, which can help users identify which properties are most likely to sell in the next 12 months.

Another thing is to go through the property tax records of each county which you can just google search and just type up or search the apartment address you can find there the owners.

Hi @Briar Bearss I agree with Chris, you can start with GoBundance!

 Hi @Freddie Williams, In selecting markets you must consider the ff:

1. Check-in your backyard - but keep in mind that very expensive properties don't cashflow, be wary about rent controls, and if are there micropolitans within reasonable driving distance?

2. Cities where you have an unfair advantage
🗸 where you have family-visit there often
🗸 lived in the past
🗸 went to school
🗸 go on business trips frequently
🗸 residence of one of your business partner
🗸 frequently like to vacation


3. Cross-check with few industry reports|IRR - liek population growth and job growth

4. Pick submarkets within the metro. Rely on a broker and property manager to give you feedback.

5. Ask yourself whether do you want to do this yourself? or with a select group of partners?


What Not To Do?
X Don't spend too much time
X remove friction X points right away
x 3hr+ flight - you'll X probably won't do it.


What To Do?
🗸 Shortlist 2-3 cities and start building your team with broker and property manager. Proceed with where you get momentum.
🗸 Get a momentum by placing LOIs
🗸 Ask for co-star reports from your broker dev market knowledge.

Hope this helps!

@Antonio Bodley Location especially neighborhood is one of the most factors that I really look into, like considering the accessibility, appearance, and amenities of a neighborhood as well as plans for development.

Hi @Jeremy Toney We apply loans for our multifamily syndications, and to add Adam's reply is better to connect with local bankers. Also, when searching for banks for my investments, I will search at least Top 10 or Top 5 well known banks in the locality with good reviews/feedbacks. I will then see if they offer commercial and multifamily and see if the terms is within my criteria. The last steps are gather their contact info or the agent's and reached out to them. After I talk to each of the banks' representative, I'll have my final say to whom qualified the most.

Hi @Dalton N Green, You can start by reading books about Multifamily RE for beginners. There are lots of free resources out there. Podcast is also very helpful, I've been listening to BP podcast. At the same time, join meet ups in your local area or virtual meet ups that solely teach for beginners. You can check out different meet ups in meetup.com

Hi @Sheri Fluellen Agree with Kash, also the profit metrics that you'll take into account when calculating IRR will depend on your overall business model or investment strategy.

 Hi @Aaron White, when searching for banks for my investments, I will search at least the Top 10 or Top 5 well-known banks in the locality with good reviews/feedback. I will then see if they offer commercial and multifamily and if the terms are within my criteria. The last steps are to gather their contact info or the agents and reach out to them. After I talk to each of the banks' representatives, I'll have my final say on who qualified the most.

 Hi @Marco Morkous, Agree with Percy, you can start first with Michael Blank's template. That's what I am currently using for underwriting small multi-family (<30 units) properties.