All Forum Posts by: Tim Vitale

great job! It's difficult but not impossible to be involved into a multifamily syndication!

Thanks @John Blanton. Very careful Due Diligence and the right PM company will be crucial for this deal. 

Thank you for the quick reply, you're right I should've been more specific. 

C class, 850sqft 2/1 townhomes. 1972 vintage off near O'Heary and Wendover. Current housing voucher for the area and asset type is $859 which I may end up having to go with as the surrounding properties appear to be lower income as well unless I can find a PM that can execute a non voucher housing pro-forma. 

Hello All,

I am based out of Charlotte and working on a 34 unit property in Greensboro, NC. I will be driving up this weekend to tour the property and looking to connect with some property managers and begin interview process in order to move forward with the deal. Does anyone have a PM contact that does commercial MF property in the Greensboro area they could connect me with? 

Thank you,

Tim

Hi Chris, I sent you a message. 

Two great books I just finished myself that are GREAT educators are "Multifamily Millions" and "Emerging Markets" by David Lindahl. Read both, you won't be disappointed. 

Great job @Canesha Edwards! Hoping you can close here soon! Keep up the contact with the seller, that will go a long way in the relationship game of real estate.

@Matt Nettles i've listened to a few podcasts with Tim Bratz and love his energy and outlook. 

@Erik W. Great advice there on the "if I take away". One of the key points in Chris Voss's "Never Split the Difference" book is that fear of losing something is far more powerful of a negotiating tool. 

@Kyle Wahl if you haven't read the above book, do it. It's a book on negotiating and the human psychology behind all aspects of how a negotiation works.

"Worth it" is highly subjective. If it fits into investment criteria, then yes. If it doesn't, then no. Some people will like it as an asset class, others don't. One size doesn't fit all.