All Forum Posts by: Snehann Kapnadak

In addition to what other have written above, make sure you do a "before and after" value analysis. So do the NOI/Assumed Cap Rate when you bought it and one after that. The difference is the "Value" you added to the property.

Hey all, 

I'm curious to know the how people are setting up their passive & active investments. If I'm looking to invest $X as an LP in Multifamily Syndication A, $Y as an LP in Commercial Syndication B, $Z in Self-storage fund C, raise capital as a GP on some deals, etc. and continue doing that, what's the best structure? Basically taking the diverse, passive investing model and adding some active investing in there too. Does each investment have its own LLC? I know active and passive income is taxed differently, so what would be the most optimal structure there?

Don't worry, I know none of this is legal & tax advice and will check with my attorney & CPA.

Thanks in advance!

Congrats @Jason Baik! Question for you: how did you create your legal structure before your first investment? Did you create the LLCs before you closed on the deal? 

Where did you keep your life savings before you used them for the 7 houses? I'm in a similar situation and have my money in a high yield savings account, but always wanted to know what other investors do.

I've had good experiences with Lance Lowenstein.

I'd be hesitant, honestly. What's the play here? I'm assuming value-add to sell at 70-80k+ per door? You bring up valid points about lower median HHI and rent growth, but it'll be tough to raise rents especially since wage growth will likely remain flat or very low over the next couple of years.

Also concerning is that the growth that WAS experienced in the last few years had been around leisure & hospitality, shown Here. Outside of the pandemic bounceback, it doesn't bode well if a recession hits and people pull back on travel and leisure.

Good luck though!

Congrats on the deal! Depending on what your long term strategy is, I think you should structure this first deal as more favorable on paper to the partners than for you. What I mean is that I'm assuming that ideally you'd want to continue partnering with them in the long run and do plenty more deals. So with this long-term POV, the few percentage points differences in this deal aren't going to matter too much. So if you did a 35/35/30 for Partner 1/Partner 2/You split, you can build trust and a working relationship with them that could favor a greater equity split in the future. Maybe for a future deal, maybe you can structure it as 30/30/40 for Partner 1/Partner 2/You, for example.

 Brandon talks about how it's better to have a small piece of a watermelon than a large piece of the grape. Good luck!

I'd recommend Lance Lowenstein. Not sure if he maintains multiple LLCs but he specializes in RE law and has worked with a lot of out of state investors. He's easy to work with too. If anything he might be able to recommend someone else. 

I'm looking for handymen/contractors in that market too, so can't help you there unfortunately. Good luck!

I found them to be helpful with pulling broker lists. You can pull the list of brokers for whatever market you're interested in and it'll have their contact info, so it's easy to cold email each broker after that. I'm sure there are integrations into the big CRMs as well, if you use those.

Hi All,

Hope everyone's doing well and enjoying summer. A friend of mine has a business that's picking up steam. He has some SFRs, duplexes, fourplexes, and also does some property management and wholesaling. Recently he's come across some opportunities to expand into owning commercial assets, mobile home parks, and assisted living facilities and is looking for guidance on how to expand and focus his business without spreading himself too thin. I'd like to refer him to a  coach who's had first-hand experience with expansion and managing the "shiny object syndrome". I'm looking for recommendations for someone who's walked the walk and who isn't just trying to convince others to buy their course/bootcamp.

Thanks in advance!

Hi All, 

Hope everyone is staying warm. I, like many on this site, am looking to get more serious with my real estate investing and am seeking to partner with a team to take down small commercial multifamily properties. Thinking 5 to 10 units for now, and then hopefully more units down the line.

What I can bring:

• Deal analysis experience -- I've underwritten a number of deals ranging from duplexes to 412 units. I'm also currently an MBA student pursuing real estate full-time, so I might be able to apply that knowledge to personal invest
• Potential access to capital -- via the MBA network and my commercial real estate role. I have a few friends who are also interested in being silent partners on deals as well.
• Platform-building experience -- I have a marketing background via Mailchimp, some website building experience, etc.

What I'm looking for in a partner:

• Operational Experience with GCs and deal flow
• Boots-on-the ground knowledge of a market outside of my own: I have an investment property in Kansas City, MO and have been keeping an eye on the overall market from a distance, but don't know the granular street-by-street details.
• Relationships with local lenders
• Long walks on the beach...wait a minute...

If anyone's interested in potentially working together, please send me a PM and we can jump on a call to see if we're a fit. Thanks in advance!