Top 5 questions I get about Real Estate Investing: #2

#2 “Where do you get all this extra money to invest in multi-million dollar properties?”

“Having millions in the bank is not a prerequisite for investing in multifamily real estate.”

 What, you don’t have $15M laying around to buy an apartment complex?  Shocker, but neither do I.  Even though my wife and I bring in healthy incomes, we haven’t quite gotten to that mega-millionaire status…

Fortunately for you and I, having millions in the bank is not a prerequisite for investing in multifamily real estate.   For probably less than you think, you could be a partial owner of a multi-million dollar property, with the potential to earn 15-20% annually on your money.

How does this work?  Let me introduce you to an industry term: apartment syndication.

In its simplest form, a syndication is a group of passive investors who buy a property together under the leadership of an active and experienced partner who does all of the hard work (finding the deal, putting together a plan of action, putting professional management in place, distributing returns, etc.).

I have been fortunate enough to be one of these investors in great properties, and now I’m excited to help my friends do the same.  Whether you are looking to invest now or sometime in the future, I’ll do my best to connect you with the right properties for your goals.  If you are eager to get involved right awaycontact me.  I have a deal that is open right now for a limited number of investors.

Investment Update 12/4/17 – We Closed On The Joseph @ Huebner!

192 Units in San Antonio

I am very excited to announce that Amity Cash Flow, in partnership with RSN Property Group and Wildhorn Capital, have closed on The Joseph @ Huebner (formerly known as The Gables) in San Antonio, TX. Huge thanks to everyone who was involved in pulling this deal together.

The Property

Located in the thriving Northwest side of San Antonio, TX, this 192 unit Class B property is located near several Class A properties (which are priced $350 more per month on average).  This gives us a strategic advantage by improving our property through unit renovations, as well as various property upgrades, to offer residents a highly desirable lower cost option relative to the competition.

The Plan

The property will be repositioned over the next 12-18 months, increasing the Net Operating Income (NOI) and forcing the value. The process will begin immediately, with vacant units being renovated and rents increased.

Through the property’s repositioning, rental increases, and eventual sale, our conservative underwriting targets investors’ Internal Rate of Return (IRR)  at 16-20% annually.

To find out how to get involved with our next deal, shoot me an email at chris@amitycashflow.com

Top 5 questions I get about Real Estate Investing – #1

“How Did You Get Started In All Of This?”

I solidified my career in “Hollywood” with the potential to make a comfortable salary as a freelance TV Editor.  But I wanted more. I always felt like my money should be working harder for me than I do it.  So I invested in all things Wall Street.  How about you?  Ever felt the same?

Then about 4 years ago when my wife got pregnant with our son, I decided to finally jump into real estate investing.  I’d owned property before, but now I wanted to focus on investments: properties that would put money IN my pocket.  Now, coming from my creative background, the terminology, numbers, loans, and analytics were quite overwhelming.  So I began learning. Every. Single. Day. I emphasized ‘slow and steady.’  This was not going to be an overnight success.  Every morning and evening commute I listened to books, or podcasts, or got on the phone with brokers, lenders, and mentors in the industry (and this is still my daily routine).  I realize many people don’t have the time for this level of study, so I’m happy to share my knowledge with you so you can reap the benefits as well.

For the first year or two, I mainly focused my education on single-family homes and even built two in Memphis (pictured above).  But the more I learned, the more I realized that the bigger money is in multifamily properties, so I shifted gears and began investing (more on this in a future post).

It has now been roughly 4 years of extreme focus, and it shows. I know what I’m talking about, I connect with real players both large and small, and I work extremely hard at it. I spend many of my lunches on the phone with new contacts or nourishing my relationships with existing ones.  My commutes are still spent educating myself or on networking calls.  Once my wife goes to bed, I get back online or in a book. I analyze properties and markets, I read reports and set up my next day.  I often have real estate meetings before work, and many of my weekends are spent at a morning coffee, forming new partnerships.  I have flown to other markets and met contacts face to face.  Once there I’ll have my meetings, then simply get in my car and drive to get to know the market firsthand.

It has become a healthy obsession, one I know will ultimately set up my family for a life of affluence and wealth, not just financially, but in freedom to do what we want, when we want.   I have many goals to achieve and am certain that I’m at a place where I can now attack those goals with plans and knowledge, rather than simple flailing optimism.  And finally, I have transitioned my thinking from ‘make money’ to ‘help others make money as well,’ and this is where you come in.  It has been a thrill, and I can’t wait to get you involved in future opportunities and begin your story.