Edified Equity

Edified Equity Podcast Episode 46: Underwriting a 104 Door, C Class, Apartment Community – A Case Study Show Notes: Welcome to the Edified Equity Podcast! My Name’s Dino and Here we will focus on all of the unique Benefits associated with being a Passive Equity Investor in an Apartment Syndication. You can learn more about, and follow, us on the Web, iTunes, Stitcher, FB, YouTube, Linkedin, Instagram, & our Award Winning Blog on Bigger Pockets. All associated links will be in the show notes. If you Find this information Helpful Please Subscribe, Like, Comment, Rate & Review! Associated Links! Edified Equity Website: http://www.edifiedequity.com/ Edified Equity Podcast iTunes: https://itunes.apple.com/us/podcast/dino-pierce/id1381283719?mt=2 Edified Equity Podcast Stitcher: http://www.stitcher.com/s?fid=185852&refid=stpr Edified Equity Facebook Group: https://www.facebook.com/groups/MultifamilyPassiveCashFlow// Edified Equity YouTube Channel: https://www.youtube.com/channel/UCiTMeHhVXIMgCujDzXTxkww Bigger Pockets Blog: https://www.biggerpockets.com/blogs/10726-benefits-multifamily-passive-investors Edified Equity Podcast Episode 46: Underwriting a 104 Door, C Class, Apartment Community – A Case Study NOTE: This was for Educational Purposes ONLY and was NOT representative of an actual Acquisition. Michael Blank’s Syndicated Deal Analyzer: http://www.themichaelblank.com/syndicated-deal-analyzer/ We pulled back the curtain and shared our Underwriting Method on a 104 Door, C Class, Apt Community located in a Solid B area. The Apartment was 25 to 50% below market rent, mismanaged, in need of renovations, & 20% vacant. This scenario allows us to create value and appreciate upside quickly within the 1st 3 years. Long story short we worked with our property management company, lenders, the assessor’s office, chamber of commerce, cost segregation professionals, and purchased it for $4,098,100.00 ($39,405.00/Door). We’re implementing our business plan and will operate/execute aggressively although we underwrote conservatively in the following ways: 1) Modeled a Higher Cap at resale increasing our exit Cap by 1.2% 2) Slow on the upside ramp up & Value Add (PM thought we could do this over 12-18mo & we modeled 3yrs) 3) Kept our Expenses Higher than anticipated 4) Stayed Low on Rent Potential. We kept increases under the low end of Comps. Only increasing them enough to gain a 20% ROI on the rehab. 5) Overestimated on Taxes 6) Kept Vacancy much Higher than anticipated (5% for Market we’re at 12%) 7) Went Above the NOI with Replacement Reserves Ultimately our goal is to increase our NOI and add 3.5MM in value. We’re holding it for 5years and will sell or refinance and hold. We have long-term debt locked and feel confident we can weather a storm allowing us to sell on opportunity vs the calendar. I hope you found this information helpful. Whether you are here for the education, entertainment, or If you, or someone you know, has a problem finding the right place to invest their money - please help them by sharing this info. I don’t have anything to sell BUT I AM on a mission and I will be delivering quality, consultative, educational, content on a routine basis! Thanks for Tuning in- Make it a great day - you certainly deserve it! This is Dino Pierce CEO of Edified Equity Signing off - Goodbye #biggerpockets #leadership #business #podcasting #relationships #multifamilyinvestments #impactinvesting #trust #costsegregation #apartments #syndication #equity #directinvestments #cashflow #appreciation #taxshelter #solo401kinvesting #selfdirectedira #passiveincome #alternativeinvestments #highnetworthindividuals #familyoffice #generationalwealth #trusts #privatemoney #privateequity #duediligence #realestate #realestateinvestor #realestatelife #realestateinvesting #legacy #legacyplanning #ROI #multifamily #multifamilyinvesting #investing #investor #investment #entrepreneur #entrepreneurlife #entrepreneurship #hardassets #apartments #ap

Edified Equity Podcast Episode 45: Capital Raising Push-Ups Guest on That REllie Happened Show Notes: Welcome to the Edified Equity Podcast! My Name’s Dino and Here we will focus on all of the unique Benefits associated with being a Passive Equity Investor in an Apartment Syndication. You can learn more about, and follow, us on the Web, iTunes, Stitcher, FB, YouTube, Linkedin, Instagram, & our Award Winning Blog on Bigger Pockets. All associated links will be in the show notes. If you Find this information Helpful Please Subscribe, Like, Comment, Rate & Review! Associated Links! Edified Equity Website: http://www.edifiedequity.com/ Edified Equity Podcast iTunes: https://itunes.apple.com/us/podcast/dino-pierce/id1381283719?mt=2 Edified Equity Podcast Stitcher: http://www.stitcher.com/s?fid=185852&refid=stpr Edified Equity Facebook Group: https://www.facebook.com/groups/MultifamilyPassiveCashFlow// Edified Equity YouTube Channel: https://www.youtube.com/channel/UCiTMeHhVXIMgCujDzXTxkww Bigger Pockets Blog: https://www.biggerpockets.com/blogs/10726-benefits-multifamily-passive-investors Edified Equity Podcast Episode 45: Capital Raising Push-Ups Guest on That REllie Happened Have you ever wondered how it’s like to be in the shoes of a someone who raises money for their real estate deals? Then this is a great story for you. Dino Pierce was working on a deal and started raising capital for it. Things started going well, but he was still short $650K. AND HE HAD ONLY 2 WEEKS TO CLOSE. AND TIME WAS RUNNING OUT. Then Dino met an investor that wanted to invest a MILLION DOLLARS, and not a penny less. The problem that was Dino did not have a million dollar to allow them to invest. What will he do? It’s a story about PERSISTENCE. Like with push ups - you must push through and keep going if you want to see results. It’s about how GETTING IN THE RIGHT MINDSET helped him face a stressful situation, with a surprising twist. Dino's Bio: Dino Pierce is the CEO of Edified Equity and an Active Multifamily Investor. He comes from a family of entrepreneurs and has been apart of numerous, profitable residential and multifamily, real estate investment acquisitions/transactions. He has been a Multifamily Expert Speaker for BiggerPockets, has an Award Winning Blog Featured Blog on BiggerPockets, is the Host/Creator of the Purely Educational Facebook Group "Multifamily Passive (Equity) Owners/Investors: Benefits of a Passive Owner", and hosts the Edified Equity Podcast. I hope you found this information helpful. Whether you are here for the education, entertainment, or If you, or someone you know, has a problem finding the right place to invest their money - please help them by sharing this info. I don’t have anything to sell BUT I AM on a mission and I will be delivering quality, consultative, educational, content on a routine basis! Thanks for Tuning in- Make it a great day - you certainly deserve it! This is Dino Pierce CEO of Edified Equity Signing off - Goodbye #biggerpockets #leadership #business #podcasting #relationships #multifamilyinvestments #impactinvesting #trust #costsegregation #apartments #syndication #equity #directinvestments #cashflow #appreciation #taxshelter #solo401kinvesting #selfdirectedira #passiveincome #alternativeinvestments #highnetworthindividuals #familyoffice #generationalwealth #trusts #privatemoney #privateequity #duediligence #realestate #realestateinvestor #realestatelife #realestateinvesting #legacy #legacyplanning #ROI #multifamily #multifamilyinvesting #investing #investor #investment #entrepreneur #entrepreneurlife #entrepreneurship #hardassets #apartments #apartmentinvesting #financialfreedom #gratitude #CIO #cheifinvestmentofficer #singlefamilyoffice #multifamilyoffice #wealthmanagement #RIA #billiondollarfamilyoffice #edifiedequity #bonusdepreciation

Edified Equity Episode 79: Commencement Guest: Generational Wealth Through Commercial Real Estate

Welcome to Generational Wealth Through Commercial Real Estate podcast. This weeks guest is Dino Pierce. Dino Pierce is the CEO of Edified Equity, an Independent Sponsor Firm offering, Deal Specific, Direct Investments, serving the affordable housing demand in the Southeastern US. He’s an Active Multifamily Investor and he comes from a family of entrepreneurs. Active blogger on bigger pockets. He has an Award Winning Blog Featured on Bigger Pockets.

Hosts the Edified Equity Podcast and YouTube show

********************************************************************

If you would like to see the video of version of this episode on Will's Channel, check it out on youtube here: https://youtu.be/1JK4nDbs3LE

Associated Links!

Edified Equity Website:

https://www.edifiedequity.com/

Edified Equity Anchor Site:

https://anchor.fm/edifiedequity

Edified Equity Podcast iTunes:

https://apple.co/2EUPjvE

Edified Equity Podcast PodBean:

https://www.podbean.com/podcast-detail/4yxzq-98ef1/Edified-Equity-Podcast

Edified Equity Facebook Group:

https://www.facebook.com/groups/MultifamilyPassiveCashFlow//

Edified Equity YouTube Channel:

https://www.youtube.com/channel/UCiTMeHhVXIMgCujDzXTxkww

Twitter:

@EdifiedEquity

LinkedIn:

http://bit.ly/2EMd0WK

Bigger Pockets Blog:

http://bit.ly/EEBPBlog

Instagram

dino_pierce

I hope you found this information helpful. Whether you are here for the education, entertainment, or If you, or someone you know, has a problem finding the right place to invest their money - please help them by sharing this info.

I don’t have anything to sell BUT I AM on a mission and I will be delivering quality, consultative, educational, content on a routine basis!

Thanks for Tuning in-

Make it a great day - you certainly deserve it!

This is Dino Pierce CEO of Edified Equity Signing off - Goodbye

Edified Equity Podcast Episode 80: Guest on Wealth Through Real Estate Investing Podcast - Patience Leads to Good Deals

Dino Pierce: is the CEO of Edified Equity and is a Member of an Independent, Multifamily Direct Investment, Deal Sponsor working closely with Family Offices and Ultra-Affluent Families collaborating on deal specific Equity positions. Connect with Dino: https://www.edifiedequity.com/

Show Notes:

Welcome to the Edified Equity Podcast!

My Name’s Dino and Here we will focus on all of the unique Benefits associated with being a Passive Equity Investor in an Apartment Syndication.

You can learn more about, and follow, us on the Web, iTunes, Anchor, FB, YouTube, Twitter, Linkedin, Instagram, & our Award Winning Blog on Bigger Pockets. All associated links will be in the show notes.

If you Find this information Helpful Please Subscribe, Like, Comment, Rate & Review!

Associated Links!

Edified Equity Website:

https://www.edifiedequity.com/

Edified Equity Anchor Site:

https://anchor.fm/edifiedequity

Edified Equity Podcast iTunes:

https://apple.co/2EUPjvE

Edified Equity Podcast PodBean:

https://www.podbean.com/podcast-detail/4yxzq-98ef1/Edified-Equity-Podcast

Edified Equity Facebook Group:

https://www.facebook.com/groups/MultifamilyPassiveCashFlow//

Edified Equity YouTube Channel:

https://www.youtube.com/channel/UCiTMeHhVXIMgCujDzXTxkww

Twitter:

@EdifiedEquity

LinkedIn:

http://bit.ly/2EMd0WK

Bigger Pockets Blog:

http://bit.ly/EEBPBlog

Instagram

dino_pierce

I hope you found this information helpful. Whether you are here for the education, entertainment, or If you, or someone you know, has a problem finding the right place to invest their money - please help them by sharing this info.

I don’t have anything to sell BUT I AM on a mission and I will be delivering quality, consultative, educational, content on a routine basis!

Thanks for Tuning in-

Make it a great day - you certainly deserve it!

This is Dino Pierce CEO of Edified Equity Signing off - Goodbye

#biggerpockets #leadership #business #podcasting #relationships #multifamilyinvestments #impactinvesting #trust #costsegregation #apartments #syndication #equity #directinvestments #cashflow #appreciation #taxshelter #solo401kinvesting #selfdirectedira #passiveincome #alternativeinvestments #highnetworthindividuals #familyoffice #generationalwealth #trusts #privatemoney #privateequity #duediligence #realestate #realestateinvestor #realestatelife #realestateinvesting #legacy #legacyplanning #ROI #multifamily #multifamilyinvesting #investing #investor #investment #entrepreneur #entrepreneurlife #entrepreneurship #hardassets #apartments #apartmentinvesting #financialfreedom #gratitude #CIO #cheifinvestmentofficer #singlefamilyoffice #multifamilyoffice #wealthmanagement #RIA #billiondollarfamilyoffice #edifiedequity #bonusdepreciation #GaryVeeChallenge

Edified Equity Podcast Episode 48: Cap Rate, NOI, and Valuation Show Notes: Welcome to the Edified Equity Podcast! My Name’s Dino and Here we will focus on all of the unique Benefits associated with being a Passive Equity Investor in an Apartment Syndication. You can learn more about, and follow, us on the Web, iTunes, Stitcher, FB, YouTube, Linkedin, Instagram, & our Award Winning Blog on Bigger Pockets. All associated links will be in the show notes. If you Find this information Helpful Please Subscribe, Like, Comment, Rate & Review! Associated Links! Edified Equity Website: http://www.edifiedequity.com/ Edified Equity Podcast iTunes: https://apple.co/2EUPjvE Edified Equity Podcast Stitcher: http://www.stitcher.com/s?fid=185852&refid=stpr Edified Equity Facebook Group: https://www.facebook.com/groups/MultifamilyPassiveCashFlow// Edified Equity YouTube Channel: https://www.youtube.com/channel/UCiTMeHhVXIMgCujDzXTxkww LinkedIn: http://bit.ly/2EMd0WK Bigger Pockets Blog: https://www.biggerpockets.com/blogs/10726-benefits-multifamily-passive-investors LinkedIn: http://bit.ly/2EMd0WK Edified Equity Podcast Episode 48: Cap Rate, NOI, and Valuation Apartments are valued much differently than single family homes are. Listen in and Learn How an Increase in Net Operating Income (NOI), by $1, affects the Value of an Apartment Community based on Market Cap Rate. Perspective: Use the Table Provided to see what happens to a 300 Door Apartment Community when NOI increases by $90K by a slight Increase of $25.00/Month/Door X 300 Doors = $7,500.00/Month X 12 Months = $90,000.00/Yr Increase in NOI. You’ll be amazed by what I call Multifamily Magic! I hope you found this information helpful. Whether you are here for the education, entertainment, or If you, or someone you know, has a problem finding the right place to invest their money - please help them by sharing this info. I don’t have anything to sell BUT I AM on a mission and I will be delivering quality, consultative, educational, content on a routine basis! Thanks for Tuning in- Make it a great day - you certainly deserve it! This is Dino Pierce CEO of Edified Equity Signing off - Goodbye #biggerpockets #leadership #business #podcasting #relationships #multifamilyinvestments #impactinvesting #trust #costsegregation #apartments #syndication #equity #directinvestments #cashflow #appreciation #taxshelter #solo401kinvesting #selfdirectedira #passiveincome #alternativeinvestments #highnetworthindividuals #familyoffice #generationalwealth #trusts #privatemoney #privateequity #duediligence #realestate #realestateinvestor #realestatelife #realestateinvesting #legacy #legacyplanning #ROI #multifamily #multifamilyinvesting #investing #investor #investment #entrepreneur #entrepreneurlife #entrepreneurship #hardassets #apartments #apartmentinvesting #financialfreedom #gratitude #CIO #cheifinvestmentofficer #singlefamilyoffice #multifamilyoffice #wealthmanagement #RIA #billiondollarfamilyoffice #edifiedequity #bonusdepreciation