All Forum Posts by: Taylor L.

Learn how top multifamily investors are succeeding in today’s market!

Our speaker Brian Briscoe is an experienced multifamily investor who recently retired from a long career of service in the US Marine Corps. While on active duty he began investing in real estate, building a substantial portfolio of multifamily apartments & becoming a top thought leader in the market. He’s going to teach you the most important factors when evaluating a multifamily investment in today’s inflationary environment.

You’ll learn:

• Keys to successful multifamily deals
• Common Pitfalls
• Market Analysis
• Where Value is Being Created Today
• And more!

Schedule:

8:00: Event start & Introduction

8:10: Break-out room networking (5 minutes)

8:15: Speaker Starts

8:45: Q&A

Brian Briscoe has been a general partner in 1000 multifamily units worth over $100 million and has been lead sponsor, asset manager, capital raiser, and key principal on these properties. He has developed a multifamily education community called the Tribe of Titans that helps aspiring investors learn the game, network with other like-minded professionals, and get their apartment investing business to the next level. He is founder of Streamline Capital Group, which will continue to acquire multifamily assets well into the future. He retired as a Lieutenant Colonel in the United States Marine Corps in 2021.

4 Units aren't valued based on NOI & Cap rate, they're valued based on comps. Commercial (5+ units) are valued based on earnings.

The big question anyone who is considering any syndication mentoring program should ask themselves is: Am I prepared to put in the work?

If you're going to pick a particular area to specialize in, then it's a good idea to focus on honing that skill. For example, if you wanted to focus on underwriting, you could take underwriting courses to at least get the basics down.

Joining an established or growing team can help you get experience. Do you have any particular skills that could be applied or honed into real estate? Many teams need help with underwriting, if you're skilled with Excel and don't mind the grind you could add value there. Or, if you're good with social media, could you focus on marketing?

I ask those questions because it's far more powerful and compelling if you approach a team and say "I can do xyz for you" rather than "What can I do for you?"

I've seen several different setups. The decision typically comes down to the costs to form & maintain the LLCs and how much that will impact each LLC's net returns.

Most of the time syndications are structured so investors are investing in an LLC. Therefore, their liability as a passive investor is limited to their original investment.

Investors forming an LLC to passively invest into syndications will typically do so to protect their investments from their own liability, the goals being charging order protection and privacy.

A month and a half isn't very long to be looking. It's incredibly frustrating at the beginning, but investors who succeed are the ones who stick it out and keep looking. The grind absolutely stinks the first time you do it. But once you accept that it's a natural part of the process it gets easier.

You may need to go off-market and network with other investors and wholesalers in the area. 

Patience and persistence are rewarded in real estate.

Are you currently working with a Qualified Intermediary? Sometimes folks are surprised to learn that the QI needs to be engaged before the sale happens and the proceeds need to go to the QI.

Myself, I'd never invest in CA. The 1031 does have a relatively short window to identify and close on a new property, are you familiar with any markets outside of CA?

Look up Bullpen CRE. They provide 3rd party underwriting as a service and may have room for a part timer.

You can partner with others & raise investor capital, but as Ronald said CRE can be a pay-to-play industry. I believe @Cherif Medawar has a CRE investing program that helps new investors do deals with experienced ones.