17:59:32 From David Monroe, CCIM to Tyler Patterson(Direct Message): For the CTA at the end of the pitch... https://www.strategicpartneringcommunity.com/sp2-checkout Coupon Code: sp2-pre-launch 18:08:14 From Anchal Dwivedi - Raleigh NC to Everyone: Hello Everyone, This is Anchal Dwivedi from Raleigh NC 18:08:23 From Anchal Dwivedi - Raleigh NC to Everyone: anchal.dwivedi@gmail.com 18:09:13 From Anchal Dwivedi - Raleigh NC to Everyone: www.goldstonecapventures.com 18:09:22 From Jomon Kannala to Everyone: Jomon Kannala, realtor and private equity promoter for multifamily from Houston ,TX 18:09:23 From KashifRiaz to Everyone: Kashif Riaz riazka@gmail.com 9729836157 18:09:29 From Shilpa Matlock to Everyone: Hi Everyone, Shilpa Matlock here from Minneapolis. snj9977@yahoo.com. I like underwriting and financial analysis, finding deals. 18:09:32 From Jomon Kannala to Everyone: jkannala@hotmail.com 18:09:49 From Salon Mosley to Everyone: Salorange Mosley AKA Salon Facebook Salorange Harris salon@trinitypropertysolutionsllc.com 3343910701 18:09:58 From DA to Everyone: DaMone Brown dslcapitalinvestments.com Portland Or Investor dslcapitalinvestment@gmail.com 18:10:10 From Nonette Henry to Everyone: Nonettehenry@yahoo.com/ CA Realtor, 714-906-4532 18:10:10 From Kathy Libey - Denver to Everyone: Hi everyone. I'm looking to Co-GP Class B/C in the Texas Triangle and/or in the Huntsville, AL MSA. Also working on MF new development projects in Huntsville. Would love to chat to see how we can work together. Kathy Libey Denver, CO Kathy@GoldenArrowEquityPartners.com 972-743-1920 https://goldenarrowequitypartners.com https://calendly.com/kathy-goldenarrow 18:10:19 From Jeff Williams to Everyone: Hi everyone, Jeff Williams, broker for Trust CRE here in Conroe/Houston. TrustCRE@outlook.com, 281-898-1486. 18:10:34 From Kaleb Rosenberg to Everyone: Kaleb Rosenberg based in Minneapolis MN Kaleb@trustedmnhomes.com 6512697955 18:10:35 From Kevin Greer to Everyone: Hello Everyone. My name is Kevin Greer. I am a commercial banker and multifamily investor. CCIM candidate. I provide capital for commercial & multifamily investors and syndicators. Very low rates. I would love to be of service to you and your team! kgreer@bankfinancial.com 312-525-1131 https://www.linkedin.com/in/kevin-greer-b278109/ 18:11:07 From jeremy cox to Everyone: Multifamily Realtor, I work with institutional investors purchase and sell multifamily. Jeremycoxpa@protonmail.com 954-816-9628. Nice to meet everyone! I work for Florida commercial group. 18:11:09 From Amanda Wray to Everyone: Hello everyone, Amanda Wray, Port Charlotte, Florida aswray08@yahoo.com. Investor, looking to grow portfolio with multi family properties. I currently own single family homes and trailer parks in OH. 18:11:16 From Patrick Crabtree to Everyone: Patrick Crabtree in Birmingham Alabama. Interested in growing my commercial portfolio into MF in and around Alabama and Southeast with active or passive investing. patrickcrabtree09@yahoo.com, 205-960-3991 18:11:33 From Michael Hamilton Affordable Property Group LLC to Everyone: ST Louis Mo Single Family investor email home@affordablepropertygroup.com ph 618 2464580 website www.affordablepropertygroup.com 18:11:35 From Brenda Mas to Everyone: Brenda Mas 20 yrs in Multifamily Development & now a Syndicator from L.A. brenda@vestwellventures.com 18:11:59 From Joel Holton to Everyone: Joel B. Holton jbholton.associates@gmail.com located in New Orleans, LA. looking to develop healthier and carbon negative housing units using industrial hemp building materials. 18:12:04 From BK - CRE Agent, Capital Lender to Everyone: Brian Lagrange eXp Commercial Agent, licensed in FL and VA, broker nationwide Sabal Capital Group Financial Analyst, refinance and acquisition Brian.lagrange@expcommercial.com Brian.lagrange@sabal.com 719-217-8367 18:12:07 From Jeremy Kritt to Everyone: Hi Everyone! My name is Jeremy Kritt. I owner a real estate brokerage in Austin TX. Getting into multifamily syndication. Good to meet everyone here. 18:12:08 From Raul Hiraldo to Everyone: It was below 1% for a long time 18:12:26 From Jeremy Kritt to Everyone: Jeremy@jeremykritt.com 512.808.3033 18:12:55 From Chris Harnish-Clark to Everyone: Chris Harnish 18:13:07 From Chris Harnish-Clark to Everyone: chris@sunshinepeaks.com 18:13:11 From Chris Harnish-Clark to Everyone: 720.366.0470 18:13:19 From Mike Onufer to Everyone: Hi Everyone, Michael Onufer here! I'm the Broker/Officer with New Eagle Real Estate Group, out of the San Francisco Bay area. I focus on Retail Leasing and Sales and Multifamily Investments. mike@neweaglereg.com 415-517-3358 18:13:29 From Lanisha Stubbs to Everyone: Lanisha Stubbs, CA eXp Commercial Broker and Investor. LStubbs@WesityInc.com 18:14:13 From Srini to Everyone: Hello everyone, Srini Penchikala here. Based out of Austin, TX. Interested in multifamily investing as LP or team up as JV/GP. Let's connect. Srini Penchikala Austin, TX srinipenchikala@gmail.com 512-839-1207 https://calendly.com/srinipenchikala 18:14:27 From Suzette West to Everyone: Hii all, my name is Suzette West located in Port Orchard WA. I have a growing community of LP capital for deals where I also co-GP. Interested in strong markets for multifamily. Cell / Text: 360-471-6222 / https://www.WildOrchidCapital.com / Let's connect: https://calendly.com/wildorchidcapital/lets-connect 18:15:16 From Scott’s iPhone to Everyone: Scott Stamps with Real Growth Capital. Active and Passive investor with ownership in 900+ units. Would like to syndicate properties and/or be a limited partner. Looking forward to partnering on good deals. Scott@realgrowthcapital.com. 843-209-5618 18:15:16 From Todd Anderson to Everyone: Hi all, Todd Anderson, St Paul Minnesota. I own a Property Management company and a muti-family investor looking to get into syndication. 18:16:18 From Scott’s iPhone to Everyone: SOFR adage? 18:16:21 From Scott’s iPhone to Everyone: Rate 18:18:25 From Tina Hsu to Everyone: Hello all, Tina Hsu here. I’m based in Los Angeles as a full time realtor and multifamily syndicator. I’ve GP-ed in 3 deals in Texas the last year, with over 700 doors. With my corporate experience and my network, I bring equity raising and investor relations to the team. I am actively looking for experienced boots on the ground partners in Austin and Phoenix. Also open to other interesting markets. Would love to connect with you all - tinahsure@gmail.com, 650-867-2646 18:19:55 From Raul Hiraldo to Everyone: On the exit 18:20:08 From Jeff Williams to Everyone: No 18:20:12 From Moses Seuram, NYC to Everyone: NO 18:20:12 From Mike Onufer to Everyone: no 18:20:13 From Kel Balase to Everyone: yes, higher rents? 18:20:18 From Suzette West to Everyone: No, but it will affect cash flow before tax 18:20:19 From Jeff Williams to Everyone: Not NOI 18:20:23 From Kathy Libey - Denver to Everyone: No 18:20:29 From Chanay Robinson to Everyone: yes. and DSCR 18:20:30 From Shilpa Matlock to Everyone: Not directly 18:20:39 From Michael Hamilton Affordable Property Group LLC to Everyone: yes 18:20:44 From RICHARD HALL to Everyone: only if getting a new loan or have variable loan 18:20:45 From Joel Holton to Everyone: Not sure 18:20:56 From Srini to Everyone: yes because int rates affect cap rates. 18:20:57 From Kevin Greer to Everyone: Yes 18:21:27 From Kel Balase to Everyone: many people won't be able to afford a home due to higher rates.. depending on location.. more renters.. higher rents 18:22:00 From PR to David Monroe, CCIM(Direct Message): Inflation will cause Insurance, Management and CAPEX go up? 18:22:49 From Donna McMenamin to Everyone: Hi everyone! Donna McMenamin here…full time multifamily investor. I’m invested in 514 units in TX and AZ and currently under contract in 165 units in Dallas. I’m looking to connect with GP’s, KP’s and LP’s. Let’s chat. Please schedule a call on my Calendly: https://calendly.com/donna-sky-holdings/30min donna@skyholdingsllc.com www.skyholdingsllc.com 18:23:50 From Patrice Simmons to Everyone: Or increase downpayment? 18:23:55 From Chanay Robinson to Everyone: yes 18:23:55 From Jeff Williams to Everyone: yes sir 18:23:56 From Salon Mosley to Everyone: Yes 18:24:00 From Ari to Everyone: yes good explanation 18:24:03 From Anchal Dwivedi - Raleigh NC to Everyone: yes 18:24:04 From Joel Holton to Everyone: yes 18:24:37 From Chanay Robinson to Everyone: so how do you convince an owner of that when finacing of a sale isn't their issue? 18:25:50 From PR to David Monroe, CCIM(Direct Message): I see people buying at 4.5 Cap and the loan constant is 6 % ..that is negative leverage? 18:26:07 From Chanay Robinson to Everyone: thanks, makes sense 18:26:36 From Amanda Wray to Everyone: Can you explain how cap rates work? 18:26:59 From jeremy cox to Everyone: How will this affect cash buyers 18:27:15 From jeremy cox to David Monroe, CCIM(Direct Message): How will this affect cash buyers 18:27:15 From PR to Everyone: an Agency loan 18:27:16 From Maryellen Hwang to Everyone: Good evening everyone. Maryellen Hwang, new multifamily real estate investor based in NY, eager to learn and provide value in digital marketing. Let's connect! Feel free to reach me at Maryellen@blossomequities.com 18:27:18 From Suzette West to Everyone: I expect to see a gap between what sellers expect and what buyers are willing to pay as the rates rise. 18:27:37 From Scott Stamps to Everyone: Are you referencing bridge debt or agency? 18:28:22 From Scott Stamps to Everyone: totally agree, unless you have a rate cap 18:28:46 From PR to Everyone: I just told a broker "you are out of your mind" when he wanted to sell me at 4.5 cap 😎 18:28:50 From Irish Kevin to Everyone: “Irish Kevin” Partner/KP in 6 MF deals. Looking to GP, Co-GP, KP in more MF deals. noods1@verizon.net and at: www.linkedin.com/in/kevinnorton-multifamilymillionaire 18:29:53 From Lisa Meteyer to Everyone: Please share your thoughts on putting more money down (lower LTV) and also how to suggest owner financing to sellers stuck on price. 18:29:54 From Suzette West to Everyone: Some lenders ultimate goal is to take the property 18:30:38 From DA to Everyone: So we?? have to make this happen now 18:31:05 From Irish Kevin to Everyone: Sounds unethical to me… 18:31:08 From PR to Everyone: as usual David is right on the money! he has been saying this for 4 months!! 18:32:16 From Suzette West to Everyone: @Irish Kevin....agreed.. 18:34:30 From Greg Thenn to Everyone: Hello Everyone ~ Greg Thenn here in Sun City AZ this is West of PHX. Networking Strategic Partner. Let's Connect on MF and Shopping Centers. gthenn@thenngroup.com 408-367-9353 18:34:40 From Darrell Banks to Everyone: Thanks for that question 18:36:07 From Suzette West to Everyone: The higher the risk, the higher the return ideally... 18:36:57 From Suzette West to Everyone: A positive NPV is good! 18:38:03 From Anchal Dwivedi - Raleigh NC to Everyone: Anchal Dwivedi - Raleigh NC Multifamily value-add and new development Syndicator Co-GP on 4 value-add assets (NC/FL/TX) 3- Joint Ventures (NC) New Development 144 units in Winston-Salem NC (In progress) https://goldstone.invportal.com/signup https://goldstonecapventures.com/investors/ https://calendly.com/anchal-dwivedi/ https://www.facebook.com/goldstonecapventures https://www.linkedin.com/company/goldstone-capital-ventures/ Phone: 919-667-8916 Email: anchal.dwivedi@gmail.com 18:39:37 From Suzette West to Everyone: Garbage in / Garbage out 18:41:43 From Jeff Williams to Everyone: that sounds crazy 18:41:52 From Irish Kevin to Everyone: What about new people moving in to area…income may be much higher than median household income…? 18:43:04 From DA to Everyone: happened to me!!! 18:43:16 From Joel Holton to Everyone: yes 18:43:19 From Jeff Williams to Everyone: perfect sense 18:43:23 From Ari to Everyone: I saw that back in 09 ppl moved to AZ, then came back to CA 18:44:16 From BK - CRE Agent, Capital Lender to Everyone: dell 18:44:20 From Mariano Dissegna to Everyone: Samsung 18:44:21 From Srini to Everyone: ORACLE 18:44:22 From Irish Kevin to Everyone: Oracle 18:44:22 From Ari to Everyone: yes, HP 18:51:43 From Lisa Meteyer to Everyone: Realistically I think expense growth will exceed rent growth for the next 1-2 years 18:51:58 From Scott Stamps to Everyone: David, do you think that we should use lower rent growth vs expense growth? 18:51:58 From Samir Patel - 703.539.2242 to Everyone: Does it make sense to project expenses at higher than rent growth with inflation being so high and affordability being low? Of course it depends on each market 18:52:57 From Irish Kevin to Everyone: Sounds like you're saying most recent Sponsors are hoping to stay lucky thru this upcoming inflation environment with potential recession… 18:53:41 From Jeff Williams to Everyone: Does this mean construction loans too? That is short term debt 18:53:59 From Jeremy Kritt to Everyone: Based on this, it looks like many syndicators will have a reckoning. 18:54:11 From PR to Everyone: yes,, Irish I agree too. recent syndicators are in a world of hurt 18:54:54 From Lisa Meteyer to Everyone: Please share your thoughts on putting more money down (lower LTV) and also how to suggest seller financing to sellers stuck on price. 18:55:02 From Eugene Nilus to Everyone: Is this session being recorded by any chance? 18:55:34 From BK - CRE Agent, Capital Lender to Everyone: yes it is being recorded 18:55:44 From Eugene Nilus to Everyone: Will it be sent to all participants? 18:56:10 From Suzette West to Everyone: @Lisa Meteyer, lower LTV decreases leverage, which reduces rate of return (in general) 18:56:45 From DA to Everyone: will the sponsors allow this though 18:56:47 From Jeff Williams to Everyone: So how do you pro forma cap rate growth. I thought 50 basis points per year was being conservative... 18:56:55 From Irish Kevin to Everyone: Look for agency debt for longer term hold vs. bridge debt…next buyer can possibly assume the loan… 18:57:00 From DA to Everyone: they don't want to loose money... 18:58:23 From Scott Stamps to Everyone: I viewed a presentation yesterday by 2 well known syndicators. going in cap rate 3.5%, Bridge debt 4.0% with 6% cap, exit cap in 3-5 years 4.6% , Yikes!! 18:59:56 From BK - CRE Agent, Capital Lender to Everyone: 5.27 19:00:15 From DA to Everyone: I gotta step out thanks David... Doom and Gloom bro... 19:01:52 From Ari to Everyone: this is what I was planning.... 19:02:39 From Ari to Everyone: I need to catch that replay... 19:03:34 From Eugene Nilus to Everyone: Have to bounce. Thanks David. Please send the replay. 19:05:37 From Kristine to Everyone: thank you David always packed with value 19:06:07 From Sangsoo Cho. Houston TX to Everyone: https://hihello.me/p/a229c85f-f1a6-4ac8-8070-ceeb98d4f3ca 19:10:42 From Patrick Crabtree to Everyone: Thank you David! Good Stuff! 19:14:45 From Dawn Jiang to Everyone: Jie Chen from Houston, 19:14:50 From Dawn Jiang to Everyone: TX 19:15:10 From Mario Joyner- LV Probate Specialist to Everyone: Mario Joyner REALTOR Mario@JoynerCommercialGroup.com 702-941-4040 Value Add Buyer Las Vegas, Phoenix and Raleigh Durham, NC 25-75 units 19:15:27 From Dawn Jiang to Everyone: Active and Passive investor with ownership in 500+ units. Would like to syndicate properties and/or be a limited partner. Looking forward to partnering on good deals. 832 614-3129 dawnjayson3@gmail.com 19:15:48 From Tyler Patterson to Everyone: https://www.strategicpartneringcommunity.com/sp2-checkout Coupon Code: sp2-pre-launch 19:16:24 From Prasad Jakka to Everyone: Prasad Jakka - Grow Capital Ventures, Prasad@growcapital.ventures, Syndicator/GP from WA state Looking to connect to syndicators in NC/SC/FL/TN 19:17:48 From Jeremy Kritt to Everyone: Will there be any events in the future 19:18:14 From Tyler Patterson to Everyone: https://www.strategicpartneringcommunity.com/sp2-checkout Coupon Code: sp2-pre-launch 19:18:55 From Donna McMenamin to Everyone: Can you touch on reversion cap rates? 19:19:09 From Chanay Robinson to Everyone: Where do we get the CPI data and updates from? 19:20:52 From Donna McMenamin to Everyone: Thank you 19:20:53 From Mike Onufer to Everyone: Anyone heard today's Biden's strategy regarding getting a handle on inflation? 19:21:22 From David Monroe, CCIM to Everyone: https://www.bls.gov/cpi/#:~:text=Next%20Release,Eastern%20Time. 19:21:58 From PR to Everyone: can you revisit the reversion Cap Rate again? how is it defined? 19:23:22 From PR to Everyone: hahaha that is why I ask David.. people get Reversion cap rate wrong 19:24:17 From David Monroe, CCIM to Everyone: https://www.cnbc.com/quotes/US10Y 19:24:28 From David Monroe, CCIM to Everyone: https://www.cnbc.com/quotes/US2Y 19:24:36 From David Monroe, CCIM to Everyone: https://www.cnbc.com/quotes/US3M 19:24:44 From David Monroe, CCIM to Everyone: https://www.bankrate.com/rates/interest-rates/federal-funds-rate/ 19:24:53 From David Monroe, CCIM to Everyone: https://www.freddiemac.com/pmms 19:25:10 From David Monroe, CCIM to Everyone: https://singlefamily.fanniemae.com/imported-content/ape-historical-yield/current-30-year-fixed 19:25:19 From David Monroe, CCIM to Everyone: https://www.bankrate.com/rates/interest-rates/wall-street-prime-rate/ 19:26:34 From Jennifer McCracken to David Monroe, CCIM(Direct Message): Can you explain again how you think investors could possibly end up in jail complaining to the authorities over their deal? 19:27:06 From Suzette West to Everyone: Thank you, David! 19:27:50 From Chanay Robinson to Everyone: Great, very knowledgeable guy you are David! Thanks a lot for this breakdown of the current market conditions and thoughts on how to proceed forward! Much Appreciated 19:28:09 From Samir Patel - 703.539.2242 to Everyone: I’m getting a 10 year term with 5/5 ARM but kind of nervous since it’s so short. What is the shortest term debt you think is safe to take on? 19:29:18 From Chereece's iPhone to Everyone: 😇 19:30:39 From Jennifer McCracken to David Monroe, CCIM(Direct Message): Thank you! 19:31:30 From Jeremy Kritt to Everyone: I asked if there were going to be any live events 19:31:36 From Jeremy Kritt to Everyone: I am here 19:32:41 From Jeremy Kritt to Everyone: David you are awesome! Thanks! 19:32:51 From Tech Cheng to Everyone: thank you David 19:32:53 From PR to Everyone: were there this many syndicators in 2008 and 2011? 19:32:54 From Mike Onufer to Everyone: Are you scheduled to teach 102 anytime soon 19:33:18 From Greg Thenn to Everyone: Come Aboard ~ the Strategic Partnering is great! David and Tyler ROCK ! 19:33:30 From Tori Manuel to Everyone: Thank you David! 19:34:17 From Chereece's iPhone to Everyone: Omg. 😳 19:34:39 From Chereece's iPhone to Everyone: 🙌🏼 19:34:41 From Srini to Everyone: David, thats what half of my PITI in Austin, TX 19:34:47 From Elizabeth D to Everyone: I’m in NY crying 19:36:11 From Chereece's iPhone to Everyone: Arizona syndicators are still in the game so far 19:36:38 From Chereece's iPhone to Everyone: They’re out scouting 19:37:01 From Chereece's iPhone to Everyone: Yes. Thank you 19:37:06 From Kaleb Rosenberg to Everyone: Thank you for putting this on I’ve attended a few of these calls and they’re always packed with value much appreciated! 19:37:47 From Shilpa Matlock to Everyone: Why don't syndicators buy and hold forever for the cash flow? Don't their investors want lifetime cashflow? 19:37:48 From Sangsoo Cho. Houston TX to Everyone: sangsoo Cho 19:38:06 From Kathy Libey - Denver to Everyone: Thanks a million, David! Love these virtual, live sessions! 19:38:14 From Lanisha Stubbs to Everyone: Thank you David! Always great info! 19:38:16 From Kaleb Rosenberg to Everyone: Hope everyone has a good night look forward to connecting more! 19:38:16 From Srini to Everyone: Thanks David. Another great session 19:38:17 From Jomon Kannala to Everyone: Thank you David 19:38:20 From jeremy cox to David Monroe, CCIM(Direct Message): Thank you David!! 19:38:26 From Kel Balase to Everyone: Thanks David! 19:38:29 From Samir Patel - 703.539.2242 to Everyone: Have to drop off. Thanks everyone! 19:38:30 From Neil to Everyone: Thanks David! 19:38:35 From Michael Hamilton Affordable Property Group LLC to Everyone: thanks David 19:38:38 From Sangsoo Cho. Houston TX to Everyone: Thank you againhttps://hihello.me/p/a229c85f-f1a6-4ac8-8070-ceeb98d4f3ca 19:38:41 From Shilpa Matlock to Everyone: Thanks David! 19:38:49 From Jennifer McCracken to David Monroe, CCIM(Direct Message): thank you always good info