investor education

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…

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…

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…

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,…

What is Forced Appreciation in Apartment Investing? – Multi Family Real Estate With Percy Nikora, Co-Founder When I say ‘forced appreciation,’ what I mean by that is being able to drive up the value or, let’s say, influence, or have a more direct impact on the value of a multifamily…

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…

What is A Real Estate Partnership? With Percy Nikora, Co-Founder So let’s say you want to make an investment in a property and think of it as though you have found this property with some friends or co-investors that you want to invest together in this property. What you would…

What is A Limited Partnership in Real Estate? With Percy Nikora, Co-Founder So there is a structure known as a limited partnership where there is a LP, which is typically the investor and there’s a GP which is a general partner. And that is typically the sponsor. So the sponsor…

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…

Using Conservative Underwriting to Get Outsized Real Estate Returns With Percy Nikora, Co-Founder So initially when we started to or when I started to invest in real estate, it was, of course, a real estate. It was more on the passive side just to get entry into the industry, get…