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How to Benefit from Inefficiencies in the Real Estate Market
How to Benefit from Inefficiencies in the Real Estate Market With Ed Rogan, Co-Founder That’s the beauty of real estate. It’s an inefficient asset class where you can truly find good undervalued deals, where the quants and the Wall Street analysts and things like that aren’t using, technology and trading at the millisecond to really…
Read MoreReal Estate Cold Calling: The Toughest Part of Winning the Real Estate Game
Real Estate Cold Calling: The Toughest Part of Winning the Real Estate Game With Ed Rogan, Co-Founder I grew up in Pennsylvania, Scranton, P.A. I came from a middle class blue collar background, basically taught myself financial management and financial investing after I left the military. So I got into the sales business and moved…
Read MoreWhy We Put Skin in the Game – Multifamily Real Estate Investing and Development
Why We Put Skin in the Game – Multifamily Real Estate Investing and Development With Percy Nikora, Co-Founder There are some lender requirements where we have to meet not just the net worth requirement for that loan, but also a liquidity requirement. They require us to keep a certain amount of money liquid based on…
Read MoreWhat Gets Me Up in the Morning and What Keeps Me Up at Night – Multifamily Real Estate Investing
What Gets Me Up in the Morning and What Keeps Me Up at Night – Multifamily Real Estate Investing With Percy Nikora, Co-Founder What gets me up in the morning is, again, there’s so much opportunity out there, if you know what you’re looking for. Again, Penn Capital is still in its early stages. There’s…
Read MoreThe Importance of Scale to be Successful in Apartment Real Estate Investing
The Importance of Scale to be Successful in Apartment Real Estate Investing With Percy Nikora, Co-Founder One of my guiding principles is any kind of real estate, even when it was single family, if you’re getting into a new asset class, I don’t like to pull the trigger on it until I’ve analyzed at least…
Read MoreAssigning Roles in a Real Estate Partnerships to Avoid Conflict
Assigning Roles in a Real Estate Partnerships to Avoid Conflict With Percy Nikora, Co-Founder Typically, when it comes to partnerships, you know, again, if you’re pursuing something by yourself, there may be initial agreement that one partner is going to handle, let’s say, majority of the construction-related work. Another partner may be doing the financing…
Read MoreAgreement on Equity in Real Estate Partnerships
Agreement on Equity in Real Estate Partnerships With Percy Nikora, Co-Founder So, when it comes to some common challenges, one of them is related to the equity splits. So let’s say if you are purchasing an office building or some property with a few of your friends and investing in the deal. One common challenge…
Read MoreBenefits of Being a Passive Investor in a Real Estate Partnership
Benefits of Being a Passive Investor in a Real Estate Partnership With Percy Nikora, Co-Founder So when you’re looking at coming into a syndication or a fund, all the finances are arranged by the sponsors. So if you’re trying to do this by yourself, chances are you’ll have to personally guarantee the loan. You may…
Read MoreNuances of Financing for Real Estate Partnerships
Nuances of Financing for Real Estate Partnerships With Percy Nikora, Co-Founder So, when it comes to finance, I’d say it’s a little different than your normal single family house. I wouldn’t say it’s easier or more difficult. I think it’s, if you try to do it by yourself, it’s a lot more difficult. But again,…
Read MoreBenefits of Experience and Varying Skill Sets in a Real Estate Partnership
Benefits of Experience and Varying Skill Sets in a Real Estate Partnership With Percy Nikora, Co-Founder So when you are also coming into a fund or a syndication, you are again purchasing larger properties. You may be purchasing an asset class you’re not familiar with, but you’re doing this with an experienced team. So you’re,…
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