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11 contributions to Commercial Real Estate 101
AI Tools/Tips For Underwriting?
We almost exclusively buy multi family and are always looking to ways to improve our underwriting. How are yall using AI in your deal underwriting?
Intro - Nick Burton - 3000 Multifamily Units
Hello! name is Nick Burton and I currently own around 3000 multi family units, primarily in the Midwest and Southeast. We are in the process of selling off around 1500 units, so that we can consolidate the portfolio, and focus more on newer product and developing townhomes. I would love to connect with as many of you as possible! In this group, or feel free to schedule a call through my Calendly below. Happy to be a resource! https://calendly.com/burtonlwh/schedule-a-call
0 likes • Apr 28
@Kyle Buck Georgia, and Louisiana.
0 likes • Apr 28
@David Allison Im around! Calendly is in the post!
58 units added to the portfolio!
Closed on an A class, 58 unit building in downtown Cleveland OH for $9.28M, with a combo of assumable debt AND seller financing. Goal is to buy at least $50M of real estate over the next 12 months. Off to a great start!
1 like • Feb 5
@Garth Gibson Our team is split between Charleston SC & Cleveland OH. So would love more within an hour or 2 of both!
Other commercial deals
Are apartment deals the only thing to focus on, how do you find sellers and buyers for other commercial type property's.
2 likes • Nov '24
Hey James, we have done self storage, office, retail, and multifamily. There is no right or wrong answer. But having a niche, or focus is super important. No matter what you focus on, you will inherently have other asset class deals come through your pripeline, and can take them down if it makes sense.
Thoughts
I have never invested in real estate. I am interested in commercial 5-20 units. However, in Reno Nevada it’s difficult to find this size. I can find several 4-plex with value add options. Would it be best to wait it out for the right commercial deal? Or grab 1-2 smaller 4 plex deals and gain experience while I look for the right commercial lead? Thanks
1 like • Nov '24
Hey Stephen, welcome! When beginning, any win is a good win. I know people who say they want their first deal to be 100+ unit multi family. While that is possible and I have seen it done, building the balance sheet, and experience is the most important thing. Take the wins you can get.
1-10 of 11
Nick Burton
3
6points to level up
@nick-burton-9439
Director Of Acquisitions For Legacy Wealth Holdings 3000+ Units DC Sports Fan

Active 11h ago
Joined Oct 24, 2024
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