For anyone investing in multi families this is undoubtedly one of the most invaluable pieces of content on the internet period. I'll be watching again, studying and taking plenty of notes. Thanks guys!
This is the only video I have seen showing an actual pitch to sophisticated investors. And then the feedback portion makes this one of a kind content. Thank you guys for putting this together.
This is my yhird time watxhing this video (see orevious two comments) and each time i learn and underatand more. I have been growing over the last 2 years wnd. Now at the point where my tram and i will be pitching investora on deals this size. What a treasure this video has been among the hundreds i haved watched over the past couple of years. Thank you.
Decent deal, avg. Austin salary 71k, 3.5k/m, = 1250/m disposable income 4 rent. Low supply of quality renovators though, thinking their renovation cost will be much higher than 10% of purchase price. Turning Baltic Ave into Boardwalk will be challenging. Will $71k workers pay a premium for St. Charles place?
Protip: Take your hat off at the table. It's a general rule of courtesy, but also a hat bill that blocks direct eye contact makes you seem less trustworthy. Most communication is non-verbal and eye contact matters.
Their assumptions in cap rate increases at refinancing don't jive with their interest rate assumption on the refinancing debt. The cap rate is moving way too little if you are assuming 100 bps increase in debt cost. Only way this would pencil is if above average market rent growth is assumed. Also notice that the bridge loan carries negative leverage as the initial cash on cash is lower than the going in cap rate.
This is absolute GOLD this is FREE experience and knowledge right here I seriously hope people are paying attention of this doesn’t get multi millions in views people are absolutely sleeping
This is so good I had to comment again. I have been watching podcast for a year now and I have not seen anything like it. Each time I watch I get more out of it.
I can't remember. It might have shooting details as though. Not giving the pitch deck is a common tactic. People start flipping and not listening to you. This way you control the conversation and flow.
As a potential LP I would of loved to have a copy of the OM in my hands while the pitch was presented. Great work guys! I agree with one of the LP's "state the obvious, but find a way to turn a negative into a positive" 👏🏻 well done guys! & btw most LP's aren't institutions in the 30 to 100 unit space
Love this! My goal in 2022 is to buy 222 units and already having investor conversations on a daily basis. This just increased that conversation drastically! Great video!
My concern is when the investors asked what is your edge and the answer was simply that this was an off market deal. And they knew the property. That may work in this deal because their property was next door, but personally if I were investing I would want some inclination that this is not the only deal I will ever do with these guys. What other deals could be down the road? If I ask what gives them an edge it better be more unique than just saying we have a good network with brokers. My experience says not many true "deals" are found with brokers. I want to hear something special in how they can get these off market deals, otherwise its a one and done situation.
Great stuff, thanks for the post. I did not understand why such a big disparity in going in CAP rate of 3.5%/4% and going out CAP rate of ~6%. Can someone explain?
I have yet to watch the video but it is likely to do with the age of properties on sale. They will likely be some wear and tear or the properties may be in need of some heavier refurb to attract new tenants. This is reflective in the price and hence the rising cap rate. I am a REPE investor and this is how we think of residential valuations
That was great and might even watch it again - no one pitches better than the American's - Age is not a factor, just good solid content - Great work Lads!
loved it such great insight. a lot of people talk about the pitch but without ever being in one you have no idea. it also helped me learn what areas I need to get stronger in especially with deciding on the area
Really great to see this in action and see theses guys getting drilled with tough answers. If they didn't know what they were talking about, it would have come out 10 seconds into their pitch, very nice gents.
You do not want your cap rate to increase. At a 4% cap rate your NOI is valued at $25! At a 6.4% cap rate that dollar of NOI is only worth $15.63=$1/6.4% You just LOST almost 40% of your value.
No it’s good. They’re not saying they’d sell at a higher cap rate, they’re saying they’ve increased NOI after stabilization at the refi process, which at the purchase price they paid, it will increase NOI. At 11:31 they talk about this, but it wasn’t explained properly.
For anyone investing in multi families this is undoubtedly one of the most invaluable pieces of content on the internet period. I'll be watching again, studying and taking plenty of notes. Thanks guys!
Glad to hear it! That's what we're going for.
This is the only video I have seen showing an actual pitch to sophisticated investors. And then the feedback portion makes this one of a kind content. Thank you guys for putting this together.
This video is so REAL. It’s my new favorite BP episode of all time.. looking forward to more content like this but just not watered down
Thank you! Huge compliment
Hard to believe this content is free - top marks to BP, Van and Kyle.
Loved the discussion afterwards about the pitch. Really insightful and a great learning opportunity for young, aspiring real estate syndicators.
The most valuable information I’ve found yet. The live pitch & the feedback makes this priceless. Can we get more of this exact content?
I’ve watched this pitch 3-4 times over the past 2 years. 100% would recommend to anyone, new or experienced.
This is my yhird time watxhing this video (see orevious two comments) and each time i learn and underatand more. I have been growing over the last 2 years wnd. Now at the point where my tram and i will be pitching investora on deals this size. What a treasure this video has been among the hundreds i haved watched over the past couple of years. Thank you.
I think this was a pretty nice job from these guys. I learned a lot today too and I’ll put some of this in practice
Great role play, I don't think I've seen many videos like this.
That’s our goal!
This is by far my favorite show ! this format for season to is great I learn so much from the content keep it going
My favorite BP episode in a long time
Thank you!!
I’ve never seen more positive comments on a RUclips video. Cheers to Kyle and squad for the great work !
Sorry for writing you, just out of curiosity your page come up on my suggestion friend list so I was just wondering if I knew you from somewhere??
Awesome Video!!!
Gems of knowledge!!!
Thank you Kyle Van Terrence and Chris!
Decent deal, avg. Austin salary 71k, 3.5k/m, = 1250/m disposable income 4 rent. Low supply of quality renovators though, thinking their renovation cost will be much higher than 10% of purchase price. Turning Baltic Ave into Boardwalk will be challenging. Will $71k workers pay a premium for St. Charles place?
This is super informative to get a behind the curtain look at how these meetings might go. Season 2 is going to be good.
I agree. More behind the curtain type of videos plz!
Protip: Take your hat off at the table. It's a general rule of courtesy, but also a hat bill that blocks direct eye contact makes you seem less trustworthy. Most communication is non-verbal and eye contact matters.
Their assumptions in cap rate increases at refinancing don't jive with their interest rate assumption on the refinancing debt. The cap rate is moving way too little if you are assuming 100 bps increase in debt cost. Only way this would pencil is if above average market rent growth is assumed. Also notice that the bridge loan carries negative leverage as the initial cash on cash is lower than the going in cap rate.
Sorry for writing you, just out of curiosity your page come up on my suggestion friend list so I was just wondering if I knew you from somewhere??
The deal doesn't look that attractive really...
Would they be toast today? ehhh... probably
Exactly what I was thinking. This did not age well.
Wow amazing video thank you so much
Is the guy in the blue having शांति tattoo on his right hand? which means peace.
This is absolute GOLD this is FREE experience and knowledge right here I seriously hope people are paying attention of this doesn’t get multi millions in views people are absolutely sleeping
This did not age well
This is so good I had to comment again. I have been watching podcast for a year now and I have not seen anything like it. Each time I watch I get more out of it.
Love this, look forward to more content like this!
these kids are selling you snake oil
its rehearsed
Did they really not give the investors a copy of the deck during their pitch?
I can't remember. It might have shooting details as though. Not giving the pitch deck is a common tactic. People start flipping and not listening to you. This way you control the conversation and flow.
Very good video!
Would love time-stamped subtitles through the pitch (identifying investor pain point etc.) would be awesome. Great content
This deserves an EMMY
This is a great video, lots of insight. Van and Kyle are killing it. Great to see Zion Capital doing well
Def two talented and I'm sure successful young men ... I bet they invest
This will be good
this was amazing
Love this structure excited for the new season!
Glad to hear!!
I've learned a lot from watching this video!
I learned a lot when it comes to sitting down with investors on big deals like this
Good video. Young guns looked like they were confident!
I only clicked this cause I thought it was timo Werner in the thumbnail talking about investing. I was confused af
Would you want to take notes during this conversation or no?
Best BP episode of all time
As a potential LP I would of loved to have a copy of the OM in my hands while the pitch was presented. Great work guys!
I agree with one of the LP's "state the obvious, but find a way to turn a negative into a positive" 👏🏻 well done guys!
& btw most LP's aren't institutions in the 30 to 100 unit space
My fav video ever on youtube
This seems fake. Staged. The “investors” aren’t taking any notes. Are just asking general questions. Good content and all but not a real pitch.
Can we get an update on this deal?
its a drama teaching you what it may look like , not an official deal!
Knowledgeable but clearly nervous. Meh pitch. Bad example I think.
This was the most painful video I’ve ever watched on BiggerPockets
Thank you, I have taken 3 pages of notes. Very valuable information gentlemen. Thanks again!
Great video. Can’t wait to get a spot on this show one day
💎💎
Great content. Looking to create my own real estate fund. Super valuable.
Love this! My goal in 2022 is to buy 222 units and already having investor conversations on a daily basis. This just increased that conversation drastically! Great video!
Nice! How's you get into commercial RE?
Sorry for writing you, just out of curiosity your page come up on my suggestion friend list so I was just wondering if I knew you from somewhere???
Very informative video!!!
My concern is when the investors asked what is your edge and the answer was simply that this was an off market deal. And they knew the property. That may work in this deal because their property was next door, but personally if I were investing I would want some inclination that this is not the only deal I will ever do with these guys. What other deals could be down the road? If I ask what gives them an edge it better be more unique than just saying we have a good network with brokers. My experience says not many true "deals" are found with brokers. I want to hear something special in how they can get these off market deals, otherwise its a one and done situation.
Can someone please explain why it says this video is fictional in the beginning?
Joel Fine, there we go!
Scarcity mindset the fact they blurred out the yields..
Amazing content
I’d love to see the pitch that went with this, great episode!
This was amazing. Thanks guys!
Learned so Much From This you should do another scenario video like this! With different questions
3.5% cap rate on a Class C value-add lmfao
Love it !
Great stuff, thanks for the post. I did not understand why such a big disparity in going in CAP rate of 3.5%/4% and going out CAP rate of ~6%. Can someone explain?
I have yet to watch the video but it is likely to do with the age of properties on sale. They will likely be some wear and tear or the properties may be in need of some heavier refurb to attract new tenants. This is reflective in the price and hence the rising cap rate. I am a REPE investor and this is how we think of residential valuations
That was great and might even watch it again - no one pitches better than the American's - Age is not a factor, just good solid content - Great work Lads!
Guys, awesome! Thanks for doing this.
Love it. 2022 is the year I want to get into my first deal.
loved it such great insight. a lot of people talk about the pitch but without ever being in one you have no idea. it also helped me learn what areas I need to get stronger in especially with deciding on the area
Sorry for writing you, just out of curiosity your page come up on my suggestion friend list so I was just wondering if I knew you from somewhere??
This was gold… thank you
How old are these guys?
lmao 3% cap what the hell
Man. Is the slide deck available?
Really great to see this in action and see theses guys getting drilled with tough answers. If they didn't know what they were talking about, it would have come out 10 seconds into their pitch, very nice gents.
Sorry for writing you, just out of curiosity your page come up on my suggestion friend list so I was just wondering if I knew you from somewhere??
nice !!
Excellent job guys.
Please do another one of these
Great content
Sorry for writing you, just out of curiosity your page come up on my suggestion friend list so I was just wondering if I knew you from somewhere??
You need to link from the 1st half of the episode to this one!
Sorry for writing you, just out of curiosity your page come up on my suggestion friend list so I was just wondering if I knew you from somewhere??
debt orgy’s gotta end soon
What the hella taco Bella.
Thank you
You do not want your cap rate to increase. At a 4% cap rate your NOI is valued at $25! At a 6.4% cap rate that dollar of NOI is only worth $15.63=$1/6.4% You just LOST almost 40% of your value.
@@johnnyball1492 Who wants to lose 40% of their value?
Yeah usually you'd buy an asset at a higher cap rate and sell it at a lower cap rate. I smelt a rat
No it’s good. They’re not saying they’d sell at a higher cap rate, they’re saying they’ve increased NOI after stabilization at the refi process, which at the purchase price they paid, it will increase NOI. At 11:31 they talk about this, but it wasn’t explained properly.
more of these please
Great content
🚀🚀
Way to go Kyle and Van! Crushing it out there
Really good one!
Sorry for writing you, just out of curiosity your page come up on my suggestion friend list so I was just wondering if I knew you from somewhere???
I don't think those guys had any confidence in these kids