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  1. JustAskBenWhy

    Under Contract on 98 units in Phoenix!

    HOT! REAL ESTATE 
    Let me know if there is a delay with the downloads. Happens once in a while. Truth be know, it's time to revamp JustAskBenWhy.com but there is never time...
  2. JustAskBenWhy

    Under Contract on 98 units in Phoenix!

    HOT! REAL ESTATE 
    It's my pleasure to help, Kelley. Good luck, and feel free to reach out.
  3. JustAskBenWhy

    Under Contract on 98 units in Phoenix!

    HOT! REAL ESTATE 
    So - I am privy to a lot of exaggerated hoop-lah about real estate. In actuality, all of this is actually very challenging. Just in financial terms, what we had to do on this deal was to offer a 6-figure EMD, and no finance contingency. Additionally, the bank good faith deposit is $50,000 to...
  4. JustAskBenWhy

    Under Contract on 98 units in Phoenix!

    HOT! REAL ESTATE 
    MJ - understood. Do what you have to do. I am not about to (nor is it even possible) teach multifamily syndication on this forum. Those who follow the thread, if it stays up, will get updates as those become available. I am not releasing specific numbers, investment parameters, or projected...
  5. JustAskBenWhy

    Under Contract on 98 units in Phoenix!

    HOT! REAL ESTATE 
    Yup :)
  6. JustAskBenWhy

    Under Contract on 98 units in Phoenix!

    HOT! REAL ESTATE 
    Reg D 506c is for accredited people only, and allows wide advertising options. This raise is under $4M so we are doing 506b, which allows 35 sophisticated investors.
  7. JustAskBenWhy

    Under Contract on 98 units in Phoenix!

    HOT! REAL ESTATE 
    Tou-che' - for knowledge you pay.
  8. JustAskBenWhy

    Under Contract on 98 units in Phoenix!

    HOT! REAL ESTATE 
    Well, let me see if I can guide you in how this works. The intelligent way to do marketing for is to be present when someone needs what you've got to offer. That's in contrast to plastering yourself over every billboard like wet noodle on the wall - only Ford can afford to do that. So - here...
  9. JustAskBenWhy

    Under Contract on 98 units in Phoenix!

    HOT! REAL ESTATE 
    Not in a public forum. The SEC is kinda touchy that way, with this being a Reg D. Message me for details if you'd like.
  10. JustAskBenWhy

    Under Contract on 98 units in Phoenix!

    HOT! REAL ESTATE 
    No No specifics here, MJ.
  11. JustAskBenWhy

    Under Contract on 98 units in Phoenix!

    HOT! REAL ESTATE 
    Well, I think I can add 35% value in 3 years. And my thoughts are - I am buying. You know, everyone always talks about the market cycle. People don't understand that the market cycle is only half of the game - money cycle is the other half. When property could be bought for pennies on the...
  12. JustAskBenWhy

    Under Contract on 98 units in Phoenix!

    HOT! REAL ESTATE 
    Psyched about this one. I think I can create tons of value. Underwrites to mid-14% IRR. Took about 5 months of placing offers. But I love this one. Wish me luck!
  13. JustAskBenWhy

    Creating a Real Estate Syndicate with Little to No Experience

    REAL ESTATE 
    I just gave a small piece of the general partner to a couple of start-ups. They are well connected, and own some rentals, but want to play in the big leagues. This is how you do it. You go to a guy like me with a $10M deal in escrow, and you say - I will raise $2M for this deal...It makes my...
  14. JustAskBenWhy

    Does anyone own a successful R.E brokerage or R.E team ?

    Dude, you are doing it all wrong. My wife has no trouble generating leads. Pey per click, FB, Zillow, Realtor.com - a bit of everything. Got to spend some money, though
  15. JustAskBenWhy

    23 Offers on this - thoughts?

    Totally agree with both. Still a buyer though, as long as it's a very specific asset type.
  16. JustAskBenWhy

    23 Offers on this - thoughts?

    Nope. This one is three times the size and way better market. Top 15 MSA. I am really pulling for this one
  17. JustAskBenWhy

    23 Offers on this - thoughts?

    Interesting commentary. Thanks guys. A few thoughts, if I may: Not be it for me to understand/predict what millennials are thinking. I couldn't understand those dumb asses yesterday, I don't understand them today, and I've lost hope of ever understanding them in the future... Having said this...
  18. JustAskBenWhy

    23 Offers on this - thoughts?

    Obviously I think this is a deal, Jon, or I wouldn't be chasing it. 16% IRR to partners on a 5-year hold. 14% IRR on a 10-year hold. Top 15 city. Lot's of upside in my opinion. But, judging by the 23 I am not the only one with that opinion... Jon - you've known me a long time. I don't get...
  19. JustAskBenWhy

    23 Offers on this - thoughts?

    So we put an offer in on an apartment community. There were 23 offers. 7 made it into highest and best. Our offer was $300,000 than broker's original guidance. It was also higher than his guidance during our site visit when it was clear that there'd be a lot of interest. We went $100,000 EMD...
  20. JustAskBenWhy

    House Hacking Book - Launching in a month

    HOT! REAL ESTATE 
    What I am doing applies directly. Even more so in Europe than the States! The reason is in the basic concept - B&B is generally much more accepted in Europe. Not to mention that Europe is much more of a destination. Some friends of mine just did a deal in France. Additionally, the infrastructure...

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