Multifamily Partner Program Kickoff Webinar May 19th, 2015multifamilypartner.s3.amazonaws.com › members › MPP... · ‣ Tuesdays 1:00 to 2:30 PM Eastern ‣ Starting on Tuesday,

© 2015, 37th Parallel Properties | 800.948.4909 | www.multifamilypartner.com

Multifamily Partner Program Kickoff Webinar

May 19th, 2015

http://www.multifamilypartner.com


MPP Kickoff Agenda

‣ Instructor Introductions ‣ MPP Class Rules of the Road ‣ Pending Items ‣ Approach/Curriculum Overview ‣ Scheduling ‣ Members Only Section of Website ‣ Homework ‣ Ecosystem Introduction



Team

‣ Chad A. Doty | Business Planning, Strategy, Partnering ‣ Don Duncan | Capital Development ‣ Dan Chamberlain | Financial Analysis, Asset Optimization ‣ Kieran Donohue | Class Coordination, MSA Analysis



Webinar Rules of the Road

‣ All modules are recorded ‣ The webinar, audio, PDF, and resource materials are available

within 1-2 business days of the class and then accessible 24/7 ‣ The phone lines are kept muted but we open them during the

class as needed. ‣ You can always ask questions in the Q&A panel and we answer

during the class ‣ Do your absolute best to minimize background noise OR mute

your phone pressing *6



Pending Items

‣ You should all have logins to MPP Members Area ‣ DISC Registrations this week ‣ Non-Disclosure Agreements - please send to Kieran



Approach

“To give you everything you need to replicate our model and our success.”

‣ Depending on your goals you will arrive at some combination of becoming a: ‣ Significantly Stronger Investor ‣ Profitable Ongoing Partner, or ‣ Standalone Independent Multifamily Apartment Investor



My Story

‣ Recovering Management Consultant ‣ Salary W-2 ‣ 1099

‣ 30+ Books/CDs ‣ 6-unit building with partner ‣ 12-unit building on my own ‣ Hit the Wall....(couldn’t find a mentor) ‣ Partnering Round 2



Hunters Point Apartments

The Arbors Apartments

Riverwalk Apartments

EastGate Apartments

Timber Run Apartments

Heritage Hill Apartments

Vanderbilt Court Apartments

The View at Lake Highlands

Oaks of Westchase


Curriculum Overview — Trimester Model

‣ Foundation (May 2015 - August 2015) ‣ Experiential (August 2015 - December 2015) ‣ Live (December 2015 - April 2016)



“Foundation” Trimester — Goals

‣ Understand the Language ‣ Understand Key Processes ‣ Understand Key Players ‣ Understand 37th Parallel Model ‣ Develop Personal Business Plan ‣ Tools ‣ Dealmaker’s Guide ‣ (Allen, Gallinelli, Berges, Five, Strengthfinders) Books ‣ Bonus Materials throughout the year

“What needs to happen by when, how it’s done and performed by who to get the results you want…”



Scheduling

‣ Tuesdays 1:00 to 2:30 PM Eastern ‣ Starting on Tuesday, May 26, 2015 ‣ Site Visit 1 location TBD - August 24th - 26th, 2015 ‣ Location will either be Houston, TX or College Station, TX ‣ Location finalized by end of month



Travel Logistics

‣ You’ll want to arrive the afternoon of 8/24 (Monday) - we will have an informal meet and greet that evening

‣ We will wrap up late afternoon on Wednesday (about 4:00-4:30) ‣ Lunch both days and dinner out on Tuesday night (03/23) are

included.



Members Only Website

‣ www.multifamilypartner.com/mpp12 ‣ All webinars, presentations, and media will be stored here ‣ Each webinar will be a separate page. We use the comment

functionality to interact with questions and follow-ups after each class

‣ Any questions on using the site, contact Kieran ‣ Analysis Forms, LOIs, Document Samples, PPM samples, etc.

will also be stored in the members only section



Homework

‣ In the next 30 days... ‣ Read Getting Things Done. Start implementing it if you don’t

already have a system. Complete your first “Getting Clear” ‣ Familiarize yourself with the contents in the other books. ‣ Subscribe to multifamily information sources list ‣ Look at the past two offering webinars ‣ www.37parallel.com/oaks-of-westchase ‣ www.37parallel.com/avery


http://www.37parallel.com/avery-



Multifamily Investing — Business Planning

‣ Business Planning: 20 to 30 days then annually ‣ Market Selection: 30 to 60 days per market ‣ Legal Entity Setup: 10 to 30 days ‣ Investor Kit: 30 to 45 days ‣ Credibility Kits: 15 to 20 days ‣ Team Development: As needed



Multifamily Investing — Team Development

‣ SEC Attorney: national (1-2) ‣ Entity Attorney: national and local by asset location ‣ CPA/Tax Strategist: national (1*) ‣ Corporate Insurer: national (shop) ‣ Property Management: regional/local (by MSA) ‣ Brokerage/Deal flow: regional/local (by MSA) ‣ Closing/Title Attorney: state/local (by state)



Multifamily Investing — Performance

‣ Identify: Ongoing based on portfolio goals ‣ Evaluate: 30 to 90 days (per project) ‣ Commit: 30 to 60 days (per project) ‣ Close: 30 to 60 days (per project) ‣ Operations: 3 to 10 years ‣ Liquidity: 120 – 180 days (per project pre/post refinance) ‣ Sale: 120 – 180 days (per project pre/post closing)



Key Takeaways

‣ Planning and Team Development is done up front and then as needed. Performance is ongoing based on portfolio goals

‣ We will teach you the ins and outs of each component and you can leverage our model or work within your own

‣ We do this for a living and will give you everything we have to help you be successful



‣ Start homework on slide 14 ‣ Next Module is a deep dive into

the Multifamily Investing Ecosystem

‣ Congratulations and welcome!


Documents

Multifamily Partner Program Kickoff Webinar May 19th, 2015multifamilypartner.s3.amazonaws.com › members › MPP... · ‣ Tuesdays 1:00 to 2:30 PM Eastern ‣ Starting on Tuesday,