I have created my manifesto for 2024, at least that's what I'm calling it, and I have decided to offer ALL the education courses I have created - Free!
I've had a lot of downtime in the last couple of weeks making myself available for my wife, which has caused a lot of inner sections within my core values.
That said, I'm not just going to open up my members' area for free, I will be slowly posting the existing education workshops to RU-vid within playlists.
Starting VERY soon, I will be updating what I call the Big Dog course, the 14 module A to Z workshop with more than 50hrs of video training, and posting each session to RU-vid.
This is going to shake up the multifamily education space BUT I'm tired of seeing all the crap education on the market and being sold for the price of my wife's back surgery...
So, I'm making it my mission to provide 100% FREE education to real estate investors on how to PROPERLY invest in multifamily properties using fundamental principles...
Thanks, very helpful video. I liked the part at 44:00 describing point decreases, 1:02:00 describing limited bank funding, and the part describing values of homes, commercials, and industrials (but i forgot what time that was at).
David does a great job of walking us through the Mueller Market cycle and supplementing the graph will real world data for the point he is making. Great content as always!
@@DavidMonroeCCIM is it possible to use a 1031 exchange along with a MLO? Let’s say the exchange is $500k and the upleg is $2M, could you use the exchange to purchase 25% of the property and have the remaining 75% under an option to purchase with a master lease that gives you full control of the property?
@@TheDanMan06 I'm not an attorney, so you would need to verify this, no because the upleg needs to be the same entity, unless you could get the owner to allow a tenant in common and that interest of the property to you, which would require your own title, deed and the like.
@@DavidMonroeCCIM I am trying to gather information to purchase my first home - a multifamily home …. I’d like to live in it and have 2 additional units to rent out. I was thinking of East Baltimore what do you think of this area?
Love this content but I have not heard anyone yet address class A, B, and C in a way that makes sense for cities like NYC where many older properties are considered Class A. The age definition without more doesn't work for NYC.
I would agree, NYC is a different beast then most markets, and you have to go with the market traditions for the property classes, so everyone understands it, which is really the importance of the metric in the first place.
If you want to join the Strategic Acquisition System™, here are the links to get started: goacquisitionpro.com/sas-checkout and use coupon code SAS1000 or goacquisitionpro.com/sas-checkout-monthly and use coupon code SAS100
There is in my Strategic Partnering Workshop, which is not on RU-vid, yet, and only available within my Strategic Partnering Community... I am getting ready to start updating the 50+hr course and renaming it to the Strategic Acquisition Workshop. Members of the Strategic Partnering Community will get to attend it live and I plan to put all the recording here on the YT channel as I record and render the videos. It's going to take 6 months of 2hr weekly live sessions to complete the update.
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@@DavidMonroeCCIM 1. How are you calculating the NOI? 2. What if the building is a new build vacant property? 3. How did you get the purchase price and, 4. Isn't it too late to try to calculate a cap rate AFTER your purchase?
@@Walina-gv9ph Here are my responses to your questions: 1. How are you calculating the NOI? - Potential rental income minus loss to lease/vacancy/credit loss equals gross rental income plus other income equals gross operating income minus operating expenses equals net operating income (NOI) 2. What if the building is a new build vacant property? - Then you have to do a full market feasibility to understand where the rents and expenses will be at stabilization. 3. How did you get the purchase price - The point at which your investment value for the property and the sellers wants and needs agree. 4. Isn't it too late to try to calculate a cap rate AFTER your purchase? - Too late for what? Cap rate is just a snapshot of what the property is doing at the exact moment in time.
If want to get all the rsources for this workshop you can follow this link to download them: drive.google.com/drive/folders/1yOUi9ZF9vwb5ss1Cfw-x4DwBqfxGwWqL?usp=drive_link
@@DavidMonroeCCIMi am part of the skool membership.do you have an example that maybe you've done or a student has done i can have a template of as a reference point.
That's awesome Ray! I was a stupid broker for too many years, but I never let my core values down and NEVER overpriced a property, which is why I rarely got listings... Food for thought!
this is phenomenal info, my question is if our opportunity is in bad markets i assume the recession phase, how do you know if a market is at point "14" of the chart or lower.....
You have to look at the rent trend, deliveries, absorption, and occupancy and see if the data is showing signs of worsening, improving, or slowing. Then determine where on the market cycle chart your going to plot based on the long term occupancy average.
@@DavidMonroeCCIM if there is a decline in deliveries, absorption etc how do you determine what area of worsening your at? at 10:00 on this chart how do you determine if your at point 11 and point 12
@@DavidMonroeCCIM since phoenix is at the worse point and nashville is at the middle point of the reccession should i use those markets as practice when knowing how far in the reccession phase i'm in as a beginner when looking through costar's data?
Here's all the resources you can download from the Master Lease Option Workshop: drive.google.com/drive/folders/1Od8ngB04QVxvVPGzyXzK_RBAlDin0MmM?usp=sharing
If you have not looked at the playlist description yet, here's all the resources you can download from the Master Lease Option Workshop: drive.google.com/drive/folders/1Od8ngB04QVxvVPGzyXzK_RBAlDin0MmM?usp=sharing
You really do such a great service by teaching with such passion . I will forever be your student . Thank you . I would love to be a part of your community
If you click on the link to the Multifamily Underwriting Fundamentals Workshop Playlist; ru-vid.com/group/PLcxO-VurHkXaCTD4geZEgeDzQTa3h5VRD you will find the link for the Google Drive folder that contains all the resources from this workshop. I would also recommend saving the playlist on your RU-vid account for future viewing and refresher when needed.
There is no sign up Alford. This and the other 2 videos are the entire workshop that others paid $997 to get access to. Make sure you click on the title of the playlist so you can get access to all the resources.
@@DavidMonroeCCIMit's hard to get an acquisition fee if you don't understand what the seller wants vs what a buyer is willing to pay without negotiating
@@alfordelliott6943 If you cross that line of negotiating without a real estate license then you are violating real estate license laws. Let the buyers do their own negotiations. You are just acting as an acquisitions consultant, not a broker.
@@DavidMonroeCCIM that's going to be take tough cause there needs to be trust worthy buyer(s) you can pass it off to. Also do the violating real estate license law apply to all states? ps i like the acquisitions consultant title
@@alfordelliott6943 Yes it applies to all states and it's not meant for cold buyers. You need to get a signed NDA and fee agreement before sending ANY information.
