All Blog Posts (132)

TRISTATE MIXER is currently looking for new committed vendors in our 3 locations. If you have any contacts looking for new business please have them contact me at scottlinde@tristatemixer.com

Some of our categories include:

-HVAC

-Painters

-Rehabbers

-Bankers

-Electricians

-Mold Remediation

-Clean outs

-Mortgage

-CPA's

-ETC

Best thing is, no competition as only one category may be represented…

One of the most costly operating expenses for multifamily Owners is Property Taxes.  In many cases, this expenditure can account for approximately 20% - 22% of APOD (Annual Property Operating Data) and endure annual increases ranging from approximately 2% - 3%.  Depending on the municipality (566 clustered within 21 counties in New Jersey alone), spikes could reach double digits if a city/town is undergoing a revaluation of property assessment data.  No matter the scenario, one fact is…

The first step in reason is to begin with the phrase "I don't know". I just got back from the first REIA Meeting and I would've said that I knew something about wholesaling from books, blogs, Investopedia.com, and just about anything else that I could get my hands on. But now I know that it was only the tip of a very large iceberg. I'm embarrassed that I didn't as much about the wholesaling process that I thought, and completely amped to now have that information.

The reality is that…

Attended the workshop and thoroughly enjoyed it. I found it to be very informative and motivating. I would like to thank Nick, Jason, Randy and Charles for giving their time and answering questions. I am happy to be part of this group and I plan on attending more meetings and workshops. It is my hope that one day I too will be standing alongside these gentlemen teaching and sharing my experiences and successes.

Thank you all.

Sincerely,

Bobby Brown

The year 2011 saw multifamily position itself by far as the most stabilized sector in commercial real estate.  Velocity of acquisitions soared as principals (novice and seasoned) engaged in a buying frenzy to absorb apartment value-adds thru bulk tapes, discounted non-performing notes, short sale, and bank-owned REO/OREO respectively.  In 2012, the challenge lies in sustaining purchasing power momentum as inventory for QUALITY multifamily assets is expected to…

I’m in this game long enough to have seen more ups and downs than all the rides in Disney World combined.

Over the past forty years, the number of houses built each year in the US floated around 1.5 million a year and went just over 2 million in 2005. Then it hit the fan. For the past three to four years, housing starts hasn’t reached 600,000. This isn’t even half of the forty year average.

We’re not talking sales here, though lack of sales is a result. We’re…

For those of you that have been in the trenches for a number of years this is NOT a new suggestion BUT for those of you Newbies please save yourself many sleepless nights.  BEFORE you purcahse and close on a property no matter how simple and easy a deal looks please get an Oil Tank Sweep done of the property.

I have experienced the dreadful feeling of contamination and the expense of needing to rid one's property of the same.

So not to try to scare you but how…

Did you know you can invest in multifamily real estate through your IRA investment? Just like you can invest in stocks, bonds, and mutual funds, you can also invest in multifamily real estate, tax deferred or tax free, using a self-directed IRA. From our experience, most people do not realize it is possible to generate long term cash flow and capital appreciation by investing in multifamily real estate within their retirement plan. I am also not talking about purchasing stock in a…

This article is very interesting and explains how rental increases have been outpacing expense increases for multifamily operators. A huge part of an owner’s expense is upon turnover, and that has actually decreased by almost 8%: “Another spot of good news for landlords—and wholly reasonable, considering the state of the economy—was that three of the four building types examined experienced a decrease in resident turnover in 2010 compared with a year earlier. Turnover for low-rise buildings…

Many factors are driving demand, starting with the demographic surge of 20 to 34-year-olds, who are typically renters. This increasing population also has absorbed most of the job growth during the economic recovery and no longer relates to the "American Dream" of homeownership. Read More Here

Christopher Urso

Principal …

Selling your home presently despite of this economic downturn is fairly easy. But simply take do an extra work in selling your So Cal homes for sale. To do this, you must develop and create your house be noticed associated with the crowd; you must keep it invoking onto the potential buyers. It can help as well if you would like sell your house quickly. Here are the practical suggestions for how to sell your dream…

Quick tip to get a broker on your side....buy him lunch! Went to lunch with the Broker representing the bank on the 74 Unit deal we are going to bid on and i picked up the tab. his response "Chris no one has bought me lunch in the last 5 years, thank you so much. I look forward to seeing you guys get this deal and many more." Its the little things that make a difference in today's world. Stick to the basics.

Chris Urso

Principal…

When analyzing a potential multifamily deal one quick tip is to make sure you do a rent study. It is always important to understand what rent your competition is asking for similar units and also what concessions that they are offering. A big mistake many novice investors make is taking the broker's word for it when it comes to market rents, ALWAYS verify the numbers. 

To your success,

Christopher Urso

Principal

National REIS…