Over the past year, it has been an honor to get to know you in the Hui Deal Pipeline Club. The average member is under the age of 55, engineers/IT, geek out on data, and very adept at looking up stuff on your own. You guys will balk at deals that get you under 12% a year!
That said if you guys are finding good deals or operators let me know because I know you are Googling this stuff into the night!
Another Hui member built this free web app to get the preliminary data and crunch the numbers automatically for you on an SFH. Check it out at http://propalyzer.info
No login required. Please reply back your suggestions so I can give them back to the developer.
I’m working on a concept of buying new build turnkey rentals (getting the financing for you) and working them as a group. Let me know if this appeals to you.
Commentary from the elder Hui members:
YouTube Video Link: https://youtu.be/aJ5lSoJoRK4
Youtube Audio Only Link: https://youtu.be/NWxFiWwXhrY
Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347
Download the FREE 2018 Rental Property Analyzer for free: https://simplepassivecashflow.activehosted.com/f/14
Pardon the grammar – I’m an Engeneer, Enginere, Engenere… I’m good with math! Here are the Show Notes:
After Turnkey rentals I see people go into 1) Syndcaitions 2) BRRRS 3) Non performing notes
12/20/2016 – SPC034 – Jorge Newbery goes $28 million into the hole and the fight to get back to even – https://www.youtube.com/watch?v=Y1IN4BTvRPg&t
5/30/2017 – Non-Performing Notes w/ AHP Fund making 12% a year! – https://www.youtube.com/watch?v=ZvKue-rq4y8&t=2s
What is performing notes and non performing notes
Steps to get started
What can you get from people or networking in note world
How did you start to scale ahp
where AHP succeeded and where we failed
the importance of due diligence – and how identifying trouble before you buy a loser is as important is buying winners
What are a few specific things you do (sort the spreadsheet) and simple formulas for a quick and dirty analysis
how to connect with real sellers willing to sell at real discounts
how to build your note business with the maximum likelihood of success
why the note-buying opportunity continues, and how to get ready for the next downturn
what to expect when you start foreclosure or borrower files bankruptcy
how much to raise capital
the value of contacts and relationships (AHP has taken years to build these up – and you can connect with them in two days)
the overlooked value of servicing, collateral and recording
how to maximize returns with fast, consensual resolutions
choosing a law firm: how to align interests and turn slow & costly into fast & cheap
how to get the most out of your servicer
Notebuyerbootcamp.com use code “simplepassive” for $200 off admission
On April 18 & 19, 2018 I will be attending notebuyerbootcamp.com in Chicago-Land!
Why the heck am I going to a note buyer conference? Have I got shiny object syndrome again?
Not to worry I am speaking on a panel about raising private equity 😛
Use $200 off coupon code “SimplePassive”
One takeaway I have gotten from the past couple months of open phone calls with your folks is that after turn-key (SFH) rentals, your natural progression is to forge a path on either syndication as a LP, BRRRRs, or non-performing notes. In that order of popularity from my unscientific study.
If you make it out there… I’ll buy the first drink!
AHP’s CEO Jorge Newbery and 10-years of contacts will gather to share what they have learned about NPL (non-performing loan) investing in order to inspire a new breed of note investors – those who want to achieve superior financial returns and an extraordinary social impact.
Come to learn and connect with some of the leading note investors in our country! It doesn’t matter if you’re new to note buying or a seasoned vet, you will learn step by step how to build & scale a note buying business.
Here are the Show Notes…. But first please leave me a review: http://getpodcast.reviews/id/1118795347
Reality Shares came from the Jobs Act
April 2013 Reality Shares began
14-20% Class B MFH estimates
Also have preferred equity options 10-14% IRRs
1st lien debt or 2nd lien 7-12%
If you are not connected Crowdfunding options
From a syndications view, they are charged an origination fee
1% asset management team (from cashflow) from reality shares
1% Funding Fee, 1% Asset management fee
Some crowdfunding is taking equity upside
Due diligence – credit checks, background checks, 3rd party check of purchase price verification, then look at the deal (market, pricing)
Less than 5% of deals make it to the platform
There is a max the crowdfunding site with one syndicator (2-3M) to diversity risk for the firm
Reality Shares is a Broker-Dealer
Spreadsheet download for Hui Deal Pipeline Club members.
The Hui Deal Pipeline Club is a free investor club where I filter investments and underwrite the numbers and partners myself. Unlike other investor lists and groups, my investors have personal access to me and know that I personally have skin in the game investing alongside with my investors. Sign up below then email me for the spreadsheet:
Mobile home investor
His business is not simple or passive
did no go from a career to REI
Started when was 19 years old
Started buying SFHs and 2008 changed things and made Kevin Rebuild
MFH was not scaleable
Then was introduced to mobile home parks
Everyone should start smaller to learn about working with tenants
Anti turnkey rentals 1) based on comps 2) buying retails
Cap rates are only important on the sale
Only look at cash on cash return (not IRR)
used 35% expense ratio
Work with the broker to come to a price – can you help me understand?
MHP have 50/50 LP GP splits where MFH has a little high 70/30 split
40K a year and under, people making 12-15 dollars an hour
Excercise is the success tip
Autin Texas Native
Bought Duplex and fourplex to start (76 on own for passive cashflow)
Started out with the intention of getting passive cashflow
Was working marketing in Minnesota when father had a heart attack and started buying rentals with brother
Was doing self-managing when first started on own
Flexibility in what you do with your time
Father getting sick was the turning point
Boots on the ground lead is very important
Value-add can mean both 20-30% occupied and adding crazy value and 90% occupied and taking it to 95%
Developments have 25% returns per year
2017 Data is in! See PDF report
2) Uhaul Report (Blue collar jobs)
3) Van Line Report (White collar jobs)
4) 2018 Best Places for young professionals
Download Here: https://drive.google.com/file/d/1IVzN3besQka_abGTHyMK9vcjrQ3n4Mrt/view?usp=sharing
Hui Pipeline Club Members get access to the 1 hour webinar on 2018 trends!