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DJE Podcast #045 with Cherry Chen

DJE Podcast #045 with Cherry Chen

    Dr. Cherry Chen, Founder of The Real Estate Physician, joins us to discuss her journey into passive real estate investing. We discuss multifamily & self storage investing and the genesis and growth of The Real Estate Physician platform. Connect with...
What Does the Government Want?

What Does the Government Want?

What does the government want? More specifically, what does the government want to incentivize us to do as citizens? There’s a couple of things I wanted to talk about. One is to provide housing. Another one might be to drill for oil. Another one might be to buy...
5 Year Hold – Multifamily Investing

5 Year Hold – Multifamily Investing

Why are we underwriting a five-year hold for multi-family investments? You might have been investigating multi-family investments or apartment investing as a passive investor and seen a pattern of everyone saying, “We’re going to hold this for five...
Apartment Investment Lifecycle

Apartment Investment Lifecycle

I want to talk about the four phases of apartment ownership when we’re talking about investments, specifically a syndication where we’re pooling capital from investors, going out and buying an apartment community as an investment. The first step is the...
Introducing the DJE Investor Portal

Introducing the DJE Investor Portal

The DJE Texas Management Group Investor Portal offers investors secure, instant access to all the information you need to monitor your investments. Easily access documents, returns, tax information, and more. This simple interface will allow you to track your...
Multifamily Value Add – Solar Screens

Multifamily Value Add – Solar Screens

So when we’re talking about renovations on B and C multi-family, solar screens are some of my absolute favorite things to do, to have an immediate impact on the property. You’re not going to likely go through on a 70s vintage property and replace all the...
Multifamily Value Add: ReBrand

Multifamily Value Add: ReBrand

When we’re looking at a rebrand of a property as part of an overall multi-family value add strategy, there are a couple of things to consider. Is it worth rebranding the property? A lot of times, what I’ve seen is the newer assets, maybe it’s a late...
Multifamily Value Add: Private Yards

Multifamily Value Add: Private Yards

So I wanna talk about multifamily value add, specifically with private yards. Some of these properties that we look at have an opportunity to add some private yards. And what that means is you’ve got some real estate, so to speak, outside of a tenant’s...
Multifamily Value Add: Interior Upgrades

Multifamily Value Add: Interior Upgrades

As part of a multifamily value add strategy, pretty much any approach is gonna include some sort of interior upgrades, and there are some fairly common interior upgrades depending on the sub market and the market that you’re in, and what the current rents are,...
Multifamily Tax Advantage – K-1 Losses

Multifamily Tax Advantage – K-1 Losses

Hey there. I want to talk real briefly about tax advantages in multifamily real estate investing, and there are a couple, but I just met with my CPA yesterday. We filed our personal tax return for 2017. We always extend our corporate taxes and our personal taxes so...
Multifamily Renovations – Good, Fast, Cheap

Multifamily Renovations – Good, Fast, Cheap

So there’s an adage in construction that you’ve got good, fast, cheap. You get to pick two. And I’ve seen this to be true over the course of many, many years of doing a lot of construction projects. And when you’re choosing a general contractor...
Evaluating an Investment – Value Add

Evaluating an Investment – Value Add

A preferred return is an important metric to evaluate and look at and understand when you are evaluating a potential multifamily investment offering. Preferred rate of return simply means that the sponsor, the person putting together the deal, is saying,...
Evaluating an Investment – Preferred Return

Evaluating an Investment – Preferred Return

A preferred return is an important metric to evaluate and look at and understand when you are evaluating a potential multifamily investment offering. Preferred rate of return simply means that the sponsor, the person putting together the deal, is saying,...
Evaluating an Investment – Internal Rate of Return IRR

Evaluating an Investment – Internal Rate of Return IRR

As you are evaluating multi-family projects to potentially invest in with different sponsors, there are certain metrics and terminology that you want to understand. In this video, I’ll talk about internal rate of return or IRR. You might see this on various...
Evaluating an Investment – Exit Cap Rate

Evaluating an Investment – Exit Cap Rate

One of the metrics you wanna look at when you’re evaluating a multifamily deal to invest in, is your exit cap rate. A cap rate is a capitalization rate. It’s essentially the return on a project if you bought it all cash. If you bought a project for...
Evaluating an Investment – Equity Multiple

Evaluating an Investment – Equity Multiple

If you’re evaluating a multi-family investment, there are a number of metrics and terms that you should get familiar with. One I want to focus on here is equity multiple. This is simple metric. It’s one of my favorites. It just means your total cash...
Evaluating an Investment – Conservative Rent Growth

Evaluating an Investment – Conservative Rent Growth

Conservative rent growth is something that you’re going to want to pay attention to as you’re investing. I’m sorry, investigating a possible multi-family investment. You want to see rent growth. We don’t ever underwrite more than 3% year over...
Out of Pocket Costs – Multifamily

Out of Pocket Costs – Multifamily

Hi. I want to talk about out-of-pocket expenses on a multifamily project. This would be a project that you’re gonna go and buy, and syndicate, which means you raise money for it, from a number of investors. Syndication is where a number of investors come...
Rehab with Cash Flow – Multifamily

Rehab with Cash Flow – Multifamily

I want to talk about rehabbing an apartment community out of cash flow. Don’t do it. And I want to explain why and elaborate a little bit because I’ve seen this scenario happen over and over again, where somebody buys a property and they assume that the...
The Power of Real Connections

The Power of Real Connections

I want to talk about the power of real connections, because we have so many tools right now that are not real. What I mean by real is face to face, shake a hand, look somebody in the eyeball and I think there’s some kind of chemical thing that happens when...
Onsite Multifamily Inspection

Onsite Multifamily Inspection

Me and my team are on site today at a multifamily project doing our physical due diligence. We’ve got a team handling scoping, plumbing lines, full physical interior and exterior checks, checking the roof, checking the structural integrity of the balconies,...
Dylan’s 1st Rental 003: Rehab in Progress

Dylan’s 1st Rental 003: Rehab in Progress

Dylan:           Hey, guys. So we just finished basically looting our house. Devin:           But it’s not looting, right? Because we own it. Dylan:           Okay, we own it. Devin:           And they cleaned out most of their stuff, right? Dylan:          ...