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Multifamily Strategy Community
2k members • Free
43 contributions to Multifamily Strategy Community
2d •
Help assessing first attractive property
I'm currently looking in a competitive market and see a good 6plex at PP of 950K with listed NOI of 70.4K last renovated in 2015 and it's been on market for nearly a year. Before contacting the broker to run the script, would love if someone could give me an order of operations for how to assess and approach this!
3 likes • 2d
I recommend flipping the order of operations: Gather up a few initial questions you have about the property. Call the broker, run the script, and additionally ask your extra questions. You'll learn a LOT more about the property, a whole lot faster, by getting on the phone with the broker. You'll also get over the discomfort of your first few broker calls much quicker :) That new info will feed into your underwriting, which is much more helpful than doing the reverse - underwriting a lot first, calling, then finding out underwriting is wrong. Don't be afraid. Pick up the phone, make the quick call!
4d •
Closed!!!!
I just closed on my first large multifamily deal, 9 units bringing me to 20 units total. Big thanks to @Christian Osgood for all the help, the mentorship has given me the confidence to take on bigger deals and get out of my comfort zone. I found this deal off market by networking with owners. Currently working on an 8 unit and a 30 unit too! 🇺🇸
1 like • 4d
Congrats!! 👏👏
7d •
Secure financing???
Hey everyone, Just curious... How does christian and cody secure financing by rasing capital from partners when the seller is in first position? What if something bad happens to the property at the last minute and then equity transfers to the investors as promised in the operating agreement but then the investors don't have time to make the changes to the property necessary to cashflow and then the seller forecloses on the LLC because the balloon payment deadline is up? My investors are just worried about being given a grenade at the last minute... I have capital partners lined up but this is their question... All answers appreciated, thank you!
1 like • 5d
This is where due diligence comes into play. You should be confident there are no grenades before signing off on feasibility. Once you are confident property and financial performance are as expected, you can then be confident with your investors.
5d •
Find off Market apartment units.
Need desperately to find a good deal on a smaller apartment complex in Treasure Valley Idaho. What’s the best platform to use?
1 like • 5d
Crexi for on market deals Calling the owners and getting to know them for off market deals
11d •
Couple of clowns meeting up in the Seattle area
@Chris Jordan and I are both mentees who joined the course around the same time, 1 year ago. For the first time ever, we met today We exchanged stories. Chris is working towards a 14 unit. I’m working towards a 25 unit. At this rate, in a few months we should each have 10,000 units and billions of dollars
1 like • 11d
@Chris Jordan nah, I’m just some guy trying to copy the 3 C’s of real estate
2 likes • 10d
@Cody Davis in early October! Thank you! 🙂
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@matthew-wang-5303
My goal is to move extremely fast to reach financial freedom in only 2 years! Based in the Seattle/Olympia area.
Add me on Facebook or Instagram!
Active 9h ago
Joined Mar 14, 2025
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