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The Best Ever CRE Show

JF1480: Top 10 Tips for Underwriting a Value-Add Apartment Community (Part 2 of 2) #FollowAlongFriday with Joe and Theo

The Best Ever CRE Show

Best Ever CRE

Realestatepodcast, Entrepreneurship, Business, Realestate, Investing, Realestateinvesting, Realestateinvestingpodcast

4.8983 Ratings

🗓️ 21 September 2018

⏱️ 42 minutes

🧾️ Download transcript

Summary

Continuing a conversation they started about a month ago, Joe and Theo are giving away more of their top tips for underwriting value-add apartment communities. We also have a new segment of the podcast announced towards the end of this episode. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“If you’re gonna sell a property after 5 years, you have to also include the profits from sale in your returns” - Theo Hicks

Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com

Best Ever Listeners:

Do you need debt, equity, or a loan guarantor for your deals?

Eastern Union Funding and Arbor Realty Trust are the companies to talk to, specifically Marc Belsky.

I have used him for both agency debt, help with the equity raise, and my consulting clients have successfully closed deals with Marc’s help. See how Marc can help you by calling him at 212-897-9875 or emailing him [email protected]

Transcript

Click on a timestamp to play from that location

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1:05.0

The same time, if you're going to sell the property after five years, you have to also include

1:09.0

the profits from sale in your terms.

1:12.1

Whereas if you plan on the property forever and that's how you're

1:15.1

underwriting the deal, you're missing up maybe the largest profit that you're going to make.

1:18.8

Best ever listeners I'm so excited to share today's sponsor with you. It's Eastern Union Funding and Arbor Realty Trust.

1:26.5

If you're in the multifamily space, you likely recognize these names, but have you used them?

1:32.2

I'm guessing if you haven't then you probably know someone who has.

1:36.3

I can tell you personally we have used Mark Belzky. He is a point person at Eastern Union funding as a partner with us and he has helped us secure debt for actually a deal we closed on this month and we've worked with him in addition my clients my program my consulting program have worked with them to successfully close on deals

1:59.0

When we were starting out Ashcroft was starting, we had somewhat of a track record, but we weren't fully as established with our investor network.

2:10.0

I went to him and we secured some equity, $500,000 in equity to fund one of our deals.

2:18.0

While he works with more institutional partners, he's brought $200 million in equity over the last 12 months. He was able to help us out there and we built a relationship with him in Eastern New funding ever since.

...

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