Around the Block Projects LLC

What's the optimal number of bedroom in a property? That depends on your market.

There is a very good chance that if you own residential property anywhere, you are being overassessed and therefore paying more than you should in real estate taxes. Every municipality and township allows owners to appeal their assessed value. It's a shame not to.

My new favorite term "NewRU" - New Guru (credit to Paul Moore of Wellings Capital) It is a phenomena that I have observed in Real Estate investing for years now. I have seen it all - the woman that completes a nice AirBNB and overnight becomes the AirBNB business guru to the guy that has never done a single RE investment but knows a lot of investors that he can take selfies with and now he is your Investment coach. And don't get me started about the small investor turned guru I met who has no understanding of even the most basic principles of construction. Seriously, it is that bad. Then there are the ones pushing some spiritual awakening / self help / financial freedom lifestyle through investing. We sat on the sidelines watching the multi-family syndication phenomena spread. Don't get me wrong - there are many solid professional operators out there with a proven record and I know a few of them. But as I watched little SFH guys that had way less experience than us jump onto the bandwagon and wondered if I am missing out or not talented enough, my gut told me that something here does not add up. Anyone considering getting into the syndication game, it can be a great addition to your portfolio. Just beware of the NewRu's and the hype and the promises and guarantees. Go solid and boring and proceed with caution, especially in this economy. And know who you are doing business with.

What Happened? An Analysis of the Multifamily Meltdown We all hate market meltdowns, and this one was bound to happen. We just didn’t know when, exactly how, or how bad things would get. But we now know the answer