All Forum Posts by: Vessi Kapoulian

Lorenzo, 

Happy to be a guest and add value to your listeners. Feel free to DM the details and I can send out my bio and topics of interest for your consideration.

Happy to be a guest and add value to your listeners. Feel free to DM the details and I can send out my bio and topics of interest for your consideration.

O'Licia Parker-Smith: O'Licia, you have received great suggestions thus far. I will add Rod Khleif to the list of multifamily programs to consider. He has a bootcamp coming up that would allow you to get a better feel for the culture of the group and the content. I can DM you the link, if interested.

@Jaime Osuna: Connecting with the operator one on one is best (and also required by the SEC), which allows you to get to know one another and determine mutual fit based on your own personal investment goals and criteria. There are multiple ways to find operators/syndicators - local meet ups, conferences, or passive investor forums like Leftfield Investors. I encourage you to subscribe to the syndicators' newsletter or podcast or other social media, which allows you to get to know them and follow their progress over time to help you determine if it is a good fit. Happy to chat one on one re my personal experience with the process.

@Nick Hulme: There are many coaching programs out there - each one has a slightly different edge/focus and culture. I would first start by asking what your goals are and then finding a program that aligns with your goals and values. Connecting with the coaches or their students on social media, podcasts, or local meet ups is one way to do that. Bootcamps are an excellent way to not only learn and network but to also experience the culture of that particular program. I can recommend The Warrior Program (Rod Khleif) based on my own personal experience. He also has a live bootcamp coming up (I can DM you the details).  Ultimately you should choose the program that fits and feels best for you.

Daniel: You are correct - the 9 unit structure would be considered commercial. Sorry, I thought you are looking at a couple of adjacent quads.

You will simply have multiple closings, i.e. three quads will have three loans, with proceeds going to the same seller. The title company and the lender can handle the doc piece on each and should be able to close all at the same time. If you use the same title, insurance, and lender, they can streamline the process - e.g. run one credit report on the buyer, have one person assigned to handle the closing of the three loans, etc. You will then have three loans, three insurance policies, three title insurance policies, etc. to manage and maintain post close.

@James Bridges: It is best to reach out to an insurance broker for the most accurate estimate. If you are looking at properties in that particular area, then you can use this estimate as a starting point. The FL insurance market is very fluid currently. Thus, I recommend checking with your broker frequently and definitely a few times before you close, as it is not uncommon for the final insurance quote at closing to vary (increase) from the prelim quote obtained during your initial diligence process.

@Daniel Petta: You have received great suggestions so far. I would add that IF the quads are individually parceled, you may be able to get individual residential or DSCR loans on each quad. This is more administratively burdensome but at least an option.

@Jay Ben: You have received great suggestions above, including networking at local meet ups or real estate clubs (you can narrow the search down to commercial real estate or multifamily to ensure you are connecting with syndicators in that space). In addition, there are passive investor clubs (like Leftfield Investors) where you can connect with (i) other passive investors who may be able to provide referrals to sponsors or (ii) sponsors who present deals in your target markets.