18:04:18 From Donald Matt to Everyone: Donnie Matthews- Quick Property Solutions LLC 301 323 3702 18:04:26 From Tammy Garza to Everyone: Tammy Garza, BirchTree Asset Management, Inc info,birchtree@gmail.com 209.993.2930 Underwriting and Asset/Project Management are my strengths. 18:05:04 From Brendan Leach to Everyone: Brendan Leach 18:05:24 From Kynan Pang to Everyone: Aloha! 18:05:32 From Akash Jain to Everyone: Akash Jain, akashjain@yahoo.com, (c) 972-837-0232; Value Prop: Experienced in various asset classes in RE. Acquisition, Underwriting, Bank Relationships. 18:05:57 From Brendan Leach to Everyone: Brendan Leach BSFL89@gmail.com 518-275-2313 (Will change as I get the LLC set up - Alpine Capital) Based in Boise Idaho. I am investor in Residential Real estate 1-4 units, Syndications and looking to move towards GPing deals and have a few contacts to do that. 18:05:58 From Jonathan Holland to Everyone: Jonathan Holland. looking to JV. New to multi-family. 18:06:17 From Jason Y to Everyone: Will the recording be available after the zoom call? 18:06:34 From Kynan Pang to Everyone: Kynan Pang, Waipono Investment Corporation - 808-225-8776 - kynanp@waiponoinvestment.com - Multifamily Brokerage / Investment 18:06:45 From Robert Krzyzak to Everyone: Robert Krzyzak. I live in Atlanta GA 630-632-8674 rdkrzyzak@gmail.com. My value proposition is underwriting, asset management, and boots on the ground for GA. I'm looking to JV in a MFH property between 10 to 50 units. 18:07:44 From Frank @ Compass to Everyone: Frank@compass.com. Founding agent of Compass NYC. Looking to invest in my first multifamily deal and learn the biz from the pros! 18:10:17 From Neil to Everyone: Neil Kalinoski RP Wealth LLC 952-451-4104 realpropwealth@gmail.com Based out of ATL Looking Midwest, and primarily SW…. within 4hours of ATL. Primary looking to network and takedown deals. Looking to get my first MF deal. 18:11:35 From Kynan Pang to Everyone: that's an amazing opportunity! 18:11:42 From Tyler Patterson to Everyone: If you just joined us feel free to put your contact info in the chat for others to network with you and start building relationships =) 18:12:07 From Pablo Conill | Miami to Everyone: Hi I am Pablo Conill, a broker specializing in Investment Sales with KW Commercial in Miami. Nice to be here. 18:13:18 From Jana Newburn to Everyone: Jana Newburn/VFR Capital Investments 940.391.8206/jana@vfrcapitalinvestments.com. Based out of DFW. We are acquisitions and management company with 470 units under management in our 1st year of business. Looking to connect with investors (LPs), KPs, CoSponsors, and GPs looking for opportunities in DFW, Houston, San Antonio, Austin, Lubbock, and Oklahoma. However, we are expanding to other markets as well. Lets connect and we can discuss in detail. 18:18:13 From Jonathan Holland to Everyone: I could be boots on the ground from Raleigh to Wilmington NC. Jonathan 919-812-1571. jonahan@prgamerica.com 18:18:41 From Suzette West to Everyone: Suzette West, Co-Founder General Partner Wild Orchid Capital LLC - Based in Port Orchard WA, residential investor / developer in WA state for over 20 years. Passive investor in 220 units. Preparing to co-GP in first deal. My skills include marketing, revenue operations, team development, underwriting, and project management. Email: suzette@wildorchidcapital.com / Cell: 360-471-6222 Let's connect! 18:19:40 From Brendan Leach to Everyone: Suzette have you ever worked with Summit Capital and Development in Seattle (Formerly North Lake Capital and Development) 18:22:37 From Louis Siano to Everyone: Louis Siano, EXP Realty. RI and MA if anyone is looking in MA or RI I can be "boots on the ground" :) Buynow@louissiano.realtor 413-244-4355 18:23:37 From Dan Jones to Everyone: how do you determine market rents when looking at a property 18:23:43 From Michael to Everyone: I don’t know about the other counties in that list, but you do not want to be investing in multifamily in Sumter County, FL. Aside from the lack of product, Sumter County has the highest median age in the U.S. and the highest percentage of of residents 65 years old and over. It’s a retirement county with no job growth. 18:39:21 From Dan Jones to Everyone: what does loss to lease mean 18:41:05 From Pablo Conill | Miami to Everyone: fudge factor for rents below market 18:41:10 From Dan Jones to Everyone: ah makes sense thanks 18:41:45 From Jason Y to Everyone: So only include fixed income on the t12 thats consistent. Correct? 18:42:54 From Dan Jones to Everyone: how can someone make money on a 2 cap what is the reasoning there? 18:44:00 From Jason Y to Everyone: No lol 18:44:19 From Pablo Conill | Miami to Everyone: More fun than Netflix 18:44:25 From Brendan Leach to Everyone: A lot of people are also betting on appreciation in Boise 18:44:47 From Brendan Leach to Everyone: Kind of a unique market that has some element of being land locked with strong population growth 18:46:11 From Dan Jones to Everyone: why you don't want 100 percent occupied? 18:46:58 From Robert Krzyzak to Everyone: -means rents are too low 18:47:11 From Dan Jones to Everyone: ah interesting 18:48:13 From Pablo Conill | Miami to Everyone: Good to have some vacancy - units offline - in order to gradually renovate 18:49:26 From Pablo Conill | Miami to Everyone: Property management?? 18:54:17 From Dan Jones to Everyone: in my market the property tax is 4.5 percent of market value...isn't that high or is that standard? 18:58:35 From Pablo Conill | Miami to Everyone: whats the name of that report again? 18:58:51 From Pablo Conill | Miami to Everyone: IREM 18:58:52 From Nick Childs to Everyone: irem.org 18:59:11 From Pablo Conill | Miami to Everyone: Income Expense Report 19:00:04 From Pablo Conill | Miami to Everyone: https://www.irem.org/learning/tools/income-expense-iq 19:00:39 From Jason Y to Everyone: Use it in the underwriting process 19:01:53 From Louis Siano to Everyone: its off 19:10:18 From Louis Siano to Everyone: I was just going to ask that... great question 19:13:02 From Michael to Everyone: Why would you use thoroughfares as a boundary for a trade area? Seems subjective and arbitrary. 19:13:27 From Dan Jones to Everyone: good question 19:13:36 From Pablo Conill | Miami to Everyone: "a little profiling" 19:14:52 From Brendan Leach to Everyone: B and C 19:15:12 From Brendan Leach to Everyone: 1980 19:15:24 From Robert Krzyzak to Everyone: 1976 19:15:42 From Brendan Leach to Everyone: does it matter if its remodeled B 19:16:47 From Pablo Conill | Miami to Everyone: David, do you like Costars "star" rating system? 19:17:46 From Prasad to Everyone: Does anyone buy from Costar anymore? seems like these are passed over deals by other syndicators? 19:21:19 From Michael to Everyone: Can you answer my trade area question please? 19:21:59 From Michael to Everyone: Why would you use thoroughfares as a boundary for a trade area? Seems subjective and arbitrary. 19:23:05 From Anthony Green to Everyone: same for SFH comps :) 19:23:30 From Michael to Everyone: thanks 19:24:01 From Jason Y to Everyone: NOI 19:24:57 From eugene to Everyone: IF your 1 bedrooms is 650 vs. an avg, on costar size for a 1 bedroom of 850, how do you adjust that for the smaller size? 19:25:01 From Brendan Leach to Everyone: should you not care if you are investing a deal and they get an appraisal back and its $1.5M over purchase price? 19:25:03 From Anthony Green to Everyone: thanks :) 19:25:20 From Michael to Everyone: I thought you said that person buying at a 2 can was foolish? 19:25:29 From Michael to Everyone: cap 19:32:42 From Prasad to Everyone: wow.. awesome 19:35:36 From Brendan Leach to Everyone: is this one we can download? 19:39:03 From Michael to Everyone: I have always felt an equity multiple is a better metric over an IRR due to the ability to manipulate an IRR. 19:39:33 From Greg Douyon, BrightStar Realty Investment, LLC to David Monroe, CCIM(Direct Message): Just a heads-up: It says Net "Predent" value instead of "Present" value 19:39:42 From Michael to Everyone: Meaning a syndicator can hold funds and invest it in year 2 - 3 19:40:37 From Dan Jones to Everyone: what about total return on investment 19:41:02 From Akash Jain to Everyone: what was the SaaS tool which had a good calculator 19:41:34 From Tammy Garza to Everyone: Bob Bowman 19:43:19 From Joseph Bramante, CCIM to Everyone: mine 19:43:22 From Tammy Garza to Everyone: Excel 19:44:05 From Joseph Bramante, CCIM to Everyone: thanks bud. I'm adding a Max offer option to mine now using discount rate 19:46:19 From Jason Y to Everyone: Don’t chase deals 19:46:27 From Brendan Leach to Everyone: deals will come 19:46:30 From Brendan Leach to Everyone: there are plenty 19:46:43 From Prasad to Everyone: learn now.. these will all come on the market pretty soon ? 19:48:18 From Brendan Leach to Everyone: Joe do you have a website 19:48:53 From Joseph Bramante, CCIM to Everyone: www.triarcrep.com 19:52:23 From Tammy Garza to Everyone: Bob's software is called Commercial Underwriter commercialunderwriter.net 20:08:34 From Joseph Bramante, CCIM to Everyone: What a steal 20:08:55 From Joseph Bramante, CCIM to Everyone: (meaning good deal) 20:09:14 From Tammy Garza to Everyone: Great info and great deal you're offering David. I have another meeting to get to. Thank you! 20:10:01 From David Monroe, CCIM to Everyone: https://multifamily.davidmonroeccim.com/strategic-partnering-lifetime-12-2 20:10:34 From Akash Jain to Everyone: Thanks David. Appreciate it. 20:10:38 From Brendan Leach to Everyone: David thank you! 20:10:48 From Anthony Green to Everyone: great thanks again David. 20:10:56 From MJ to Everyone: Thank you very much for your time and Teaching this to us, MJ 20:11:08 From Anthony Green to Everyone: understood more second time around :) 20:11:18 From Akash Jain to Everyone: gotta run. thanks again. 20:12:33 From Neil to Everyone: Great stuff as usual! Thanks David 20:12:38 From Donald Matt to Everyone: Awesome presentation. My 1st one. Thank You 20:13:24 From Anthony Green to Everyone: thanks David