All Forum Posts by: Vessi Kapoulian

@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. 

Review the Bylaws, CC&Rs, Financials, Budgets, House Rules, Reserve Studies, and Meeting Minutes to gain insight into their financial position and board/culture dynamics. That should help you determine how you want to proceed.

@Soup Nikk 

To address your question, the ATM fund is a type of passive investment where you invest with an operator of ATMs. The operator purchases the ATM machines and leases them up to third parties (stores, banks, gas stations, and other commercial establishments). The cash flow for monthly distributions is generated from the monthly lease income stream.

I have invested with one particular syndicator that I know personally. However, there are a couple of other well known syndicators that offer this investment opportunity. All are with the same operator.

ATM Funds seem to address your goals of consistent 9%+ preferred return, monthly consistent cash flow, and 80% bonus depreciation (for 2023). I know a couple of operators that offer that LP opportunity and I invested with one of them.

It usually triggers intangible tax, so not uncommon to pay that. We worked with US Deeds in the past and the process was very smooth.

Rod Khleif has a virtual 2-day bootcamp coming up in May'23. 

@Kalo (Kyle) Atanasoff, I will DM you.

J. T. Lynch from Ramey King Insurance - very knowledgeable and helpful with insurance for multifamily.