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The Challenges of Breaking into Apartment Real Estate Investing With Percy Nikora, Co-Founder When you’re dealing with multifamily assets, and it’s a much higher dollar figure – seven, eight figures; generally eight figures – it’s hard- if you’re a new entity, and haven’t proven yourself, so to speak, in buying that level of assets, it’s…

Managing Apartment Expenses with A Good Staffing Plan – Multifamily Real Estate Investing With Percy Nikora, Co-Founder Then, when it comes to expenses, we look at a number of things; namely … Obviously, payroll is a big part of that. As part of the due diligence, we come up with a staffing plan with our…

Leveraging Tax Advantages and Forced Appreciation with Multi-Family Real Estate With Percy Nikora, Co-Founder The other benefit you get is the … Like many of the real estate classes, you generally are using leverage, as well. So, if you are wise about leverage, and you use a good loan-to-value ratio, it could be a very…

How to Increase Income with Apartments – Apartment Real Estate Investing With Percy Nikora, Co-Founder Generally, when we buy the property, one of the things we do, as part of our due diligence, is look at what the current rents are in comparison to what the market rents are, and what the current occupancy is,…

How Real Estate Investors Invest with Us – Multifamily Apartment Investing With Percy Nikora, Co-Founder Generally, when an investor invests with us, they are coming into a fund or, essentially, an LLC  that’s been created. That LLC will have investors as limited partners, who get one asset- one class of shares and sponsors. The LPs…

Working with Apartment Managers on Budget Projections – Apartment Real Estate Investing With Percy Nikora, Co-Founder There are property managers you want to get involved and get their input in, as part of the due diligence process. Make sure that the budget that they come up with in operating this property, to meet your requirements,…

Why Due Diligence is So Important For Apartment Real Estate Investors With Percy Nikora, Co-Founder It’s up to you to find that out during your due diligence because once you sign the contract, once you go through with the deal, there’s really not much recourse with the seller. There aren’t any consumer laws in place…

What is Physical Due Diligence? – Multi Family and Apartment Real Estate Investing With Percy Nikora, Co-Founder We walk every property before we would put it under contract. We physically visit the property; take a quick tour of the property. It’s amazing how many times pictures may look one way, but the property looks another;…

What is Financial Due Diligence? – Multifamily Commercial Real Estate Development With Percy Nikora, Co-Founder Then, when you look into the financial due diligence, typically, you ask for what’s called a T12, or the previous 12 months’ operating books of the profit and loss statements, cash flow statements. We go through the actual T12, not…

The Importance of a Good Contractor – Apartment Real Estate Investing With Percy Nikora, Co-Founder When you’re finding a contractor for multifamily, at a high level, you have some of the same tenets that you want to have in place, when you find a contractor on single-family, such as do you trust the person? Are…