Blog
The Cap Rate Is Dead, Long Live the Cap Rate!
The cap rate is the single most abused and misunderstood metric in commercial real estate. It’s shocking how newbies and experienced investors alike continue to refer to it as the be-all-and-end-all metric. The cap rate is nothing more than a measure of value at a...
Developing The All-Weather Real Estate Portfolio: Investing Personality and Risk-Adjusted Returns
The concept of the all-weather portfolio was developed by Ray Dalio. The mythical beginnings of this strategy start with President Nixon taking the U.S. off the gold standard and makes for compelling reading. We continuously ask ourselves the question at the heart of...
The Power of Focus – 100x Results with 10x Less Effort
How should we focus our energies? This topic has been at the back of my mind every day as we are actively expanding into a new market (more on that later). It is no secret that I am a big fan of checklists. In fact, one of my favorite books is called The Checklist...
Deal Screening Checklist for Passive Multifamily Investors
This post was inspired by the frequent comments we’ve received from our passive investors. Joe Stampone’s excellent blog provided the inspiration to dig deeper into a topic that is near and dear to our heart. Even till a few years ago, passive investing in private...
Cost Segregation – The “Magic Trick” Behind Massively Increasing Cash Flows from Multifamily Investments
Investing in multifamily assets is a highly tax-efficient strategy. We emphasize the key deductions to our investors to help them better understand the levers a syndication sponsor can pull to reduce their tax exposure. Read about: Why I Love Investing in...
The Inside Track to Vetting A Multifamily Deal Sponsor
Commercial real estate investing is a relationship business. The investor is investing in the deal sponsor (also called the syndicator) first and the deal second. Hence, serious investors must scrutinize the deal sponsor from multiple angles to ensure there is a fit...