Navi Ventures
Specializing in investments with primary focus on workforce multi-family assets
10/01/2024
Excited to be speaking at ๐๐ถ๐ฒ๐ฟ๐ฐ๐ฒ ๐๐ฎ๐ฏ ๐๐๐ฉ๐ on ๐ข๐ฐ๐๐ผ๐ฏ๐ฒ๐ฟ ๐ณ-๐ด, ๐ฎ๐ฌ๐ฎ๐ฐ, in ๐๐ผ๐ฟ๐ ๐ช๐ผ๐ฟ๐๐ต, ๐ง๐ซ! ๐ค ๐ข
During the ๐ฅ๐ฒ๐ฎ๐น ๐๐๐๐ฎ๐๐ฒ ๐๐ป๐๐ฒ๐๐๐ถ๐ป๐ด session, Iโll break down real estate investment strategies, covering everything from market trends to portfolio-building tips for personal wealth creation.
Additionally, Iโll be sharing my story from transitioning from corporate architecture to real estate investing, suggested steps on how to get started in real estate investing, and how to mitigate risks.
Whether youโre new to investing or looking to expand, this session will give you the tools to take control of your future.
Join me for an amazing opportunity to network with driven women, gain practical knowledge, and grow professionally.
Thank you for inviting me! Event link in bio.
See you next week! ๐
09/26/2024
How do you raise millions of dollars for your real estate deals during a recession? ๐ต ๐ข
What are the essential strategies to implement when raising capital?
If you're an aspiring or experienced real estate investor, this is an event not to be missed!
Keeley Hubbard will be out next guest speaker at our next Real Estate Ladies Event and she'll be walking through her secrets of raising capital.
Keeley recently closed on a major raise just a couple months ago, an impressive $22M. ๐ฏ
She is a passionate sales coach with a track record of over $800M in revenue and 18 yrs of experience in sales & executive leadership. Raising private capital since 2014, Keeley teaches authentic sales strategies to business owners. She especially enjoys coaching clients in the commercial real estate space on how to raise capital on repeat and build a personal brand that lasts.
I've had the pleasure of being part of Keeley's Capital Club, where she teaches the nuts and bolts of raising private capital for real estate deals and expanding business brand awareness.
I've learned SO much from her since then, so I'm super excited to bring her as our guest speaker to share her knowledge! Please join us.
Event Details (please note the venue change!):
Date: October 10th
Time: 6 - 9 pm
Location: Times Ten Cellars, 2405 Dallas Parkway, 2nd Fl, Plano, TX 75093
Big thanks to Sendera Title, Cash Flow Portal, Ramey King Insurance, Gold Commercial for providing us food!
For this event, we're doing a special collaboration with SARE DFW for a joint meet-up! Hope to see you there! Men are more than welcome to join! ๐
RSVP here -
https://www.facebook.com/share/Qq7pkxAC7Dsw4n9i/
Paula Nichols
Esther Cho
Minh Lai
03/29/2024
How can you make a six-figure profit from developing single-family homes? ๐ก
Yesterday, I attended an insightful session hosted by as he walked through his strategic step-by-step process of going from building one to multiple single-family homes in a short time span with your own money or through creative financing.
He discussed his criterias of selecting a site, home sizes, home prices, and cost to build. He has always stuck with his formula when building homes and not once has he lost any money for the 20 years he has been in the single-family industry.
This is how he got started in real estate and built up his personal wealth. Since then, he has built hundreds of homes, entitled multiple land, and now focuses on developing multifamily.
Heโll be back in Dallas in a couple of weeks to do another free training session, I encourage anyone whoโs interested in real estate development to please join us! If youโre interested, DM me so I can notify you when the date is set. ๐๐ผ
The two hour session he held yesterday mostly covered single-family development and not enough time to get into multifamily development, so he will cover that in the next session.
Great event hosted by Jerome and his team!!! ๐๐ผ
03/21/2024
Broken blinds,
Bug screens missing,
Foils plastered all over the windows,
Resident complaining of a shooting a day beforeโฆ
A homeless man (or a resident?) casually chilling on a disposed mattress next to the dumpster bin eating a nice hot pizza.ย ๐ ๐
Would you want to live here if this is the first thing you see? ๐ค
Image below was at one of the properties that I โsecret shoppedโ when we were doing our due diligence on a property manager.
We shortlisted our top two property managers to choose from after an extensive interview process and talking to their references.
Our last step was to check out the properties they manage nearby.
This is one of the must-do steps when vetting a property manager. Itโs the best way to see how they would care for your property if you hire them.
As owner-operators, we wanted to go through first-hand experience on what prospective tenants go through when they shop around for properties to live in the area. Their experience and interface with the staff and property can make a huge difference from deciding on whether they lease at your property or next door.
When secret-shopping, we evaluated based on the following criterias -
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How was the curb appeal?
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What does the leasing office look like?
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How was the interaction with the leasing agent?
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How are the property grounds?
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How was the experience touring a unit?
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Talk to the current residents - are they happy with the property manager?
With our top two candidates for the job, we picked 6 properties from each to visit, so we visited a total of 12 properties. Each property was of similar vintage and demographics to our property.
It became clear after visiting a couple of properties on which one of the property managers took care of their properties the best.
We even saw their on-site manager walking around the property, picking up trash.
They eventually won the job.ย ๐๐ผ
What else would you add to the list when vetting property managers?
03/18/2024
Hi friends! Iโm excited to speak at the 6th Annual Texas Middle-Market Multifamily Forum in Dallas where Iโll be sharing about what multifamily owners are looking for in a property manager.
My team and I recently went through the process of replacing our property manager with a new one at one of our B-class apartment communities.
We are also in the process of vetting a couple of property managers for our new-build apartment in New Mexico.
In the next few days, Iโll share some of my insights and experience on what you should be doing and asking when vetting your property managers for your multi-family properties.
My multi-family operator friends - what is your number one criteria when vetting your property manager? Would love to know! ๐๐ผ
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If youโre interested in attending, see link in comments below to register and use the promo code โSP20โ to get 20% off!
Letโs connect if youโre attending. Looking forward to seeing you there!
02/26/2024
โThatโs impossible, you canโt do itโ ๐
๐ปโโ๏ธ
How many times have you heard someone tell you that in your life?
You tell someone about your vision.
They tell you that you donโt know what youโre talking about and to go back to the drawing board.๐๐ผ
In general, as a leader, your job is to think big picture and to find someone in your team who believes in you and can help you realize it.
Youโll always come across naysayers who will make you doubt your skills and decisions, but you owe it to yourself to put in 110% effort in finding the answers youโre looking for before you give up.
Which is why I think Architects are such good problem solvers.
Weโre trained to provide multiple design iterations to a design problem.
Even though I donโt practice Architecture anymore, I admire the resilience and creativity that I see in Architects in pushing a design vision.
For example, , an LA-based office, worked closely with a local Dallas precast concrete fabricator to ensure the success of their complicated facade design. Morphosis used their own CNC milling machines to create standardized molds for the fabricators to use as templates.
Typically with a complicated facade pattern, majority of the local fabricators and GCs will say no or say itโs cost-prohibitive. With the Architect (in this case, Morphosis) taking the lead, theyโre able to show their vendors that it is fairly simple and cost-effective design to implement.
My take-away - donโt take no for an answer, especially if itโs only the first round. Keep pushing to find ways to support your ideas and convert that no into a โwell, duh, of course yes!โ ๐ช๐ผ
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Images of attending an Architecture conference, Facade+. Getting CEU credits and hearing my talented friends speak,
Also, ran into an old college friend from Architecture school, Andre Abrahamian!
01/20/2024
Day 1 Mastermind - Tour of Jeromeโs new builds in Kirkland, Washington.
12/23/2023
Drug needles left near the picnic table.
Vagrants sleeping in dark corners.
Trash scattered throughout the grounds.
Parents keep their kids indoors because they donโt feel safe.
This was what was happening at our 22-unit apartment a week after we closed.
You can imagine the anxiety that took over me considering that this was my first deal.
โOh god, what did I just buy?โ ๐ฑ
A sense of uncertainty took over and self-doubt started seeping into my head.
What I wasnโt aware was this - fear and anxiety is part of the process and is perfectly normal, especially when youโre doing things for the first time.
Keep calm and carry on.
We took a deep breathโฆand discussed solutions with our property manager.
We did the following -
โณ๏ธHired security guards to show that we are here and to discourage vagrants from camping at the property. The previous owner and their PM were never present.
โณ๏ธ Installed additional flood lights to illuminate the property grounds, which helped the area feel more secure.
โณ๏ธ Freshened up the look of the property with new paint schemes. It helped the property look a little newer than it is (1970s) and well-maintained.
โณ๏ธ Cleared out trash and debris.
A property that looks clean and well maintained will have a higher chance of deterring sketchy activities.
Over a couple of months of freshening up the property, it didnโt take too long until the property felt safe again and we stopped using security guards.
When we came back to check on the property the next time, we saw a complete transformation - an apartment community that felt safe and can easily call home.
We even saw some kids play outside in the courtyard area. ๐ค๐ฆ๐ป๐ง๐ปโฝ๏ธ
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Did you have any similar experience like this at your properties? What would your advice be to those starting off?
See below our before and after of our 22-unit deal in Glendale, Arizona! If you want to learn more about how to buy or invest in apartments, DM me.
12/21/2023
๐ ๐ผ Become a Real Estate Professional (REP) to SAVE money ๐ฐ๐
One of the reasons why I became a full-time real estate professional is the major tax advantages.
๐ ๐๐๐๐ฅ ๐๐ฌ๐ญ๐๐ญ๐ ๐ฉ๐ซ๐จ๐๐๐ฌ๐ฌ๐ข๐จ๐ง๐๐ฅ (๐๐๐) is an individual involved in real estate businesses as their primary profession. In order to qualify, you need to spend over 50% of your working hours and 750+ hours per year on real estate activities.
๐ต ๐๐จ๐ง๐ฎ๐ฌ ๐๐๐ฉ๐ซ๐๐๐ข๐๐ญ๐ข๐จ๐ง is a tax incentive that allows investors to write off more of their assets than typically permitted.
Here are two married couplesโ tax scenarios.
These scenarios are simplified, but assume they can take 100% bonus depreciation and theyโre in the 30% tax bracket. *Note that in 2023 is now 80% bonus depreciation*
๐ก Couple 1: Both Partners with W-2 Jobs
โณ๏ธ Both spouses earn jointly $200,000 annually through their W-2 job.
โณ๏ธ Invested $100,000 in a large multifamily syndication deal.
โณ๏ธ Received a $100,000 bonus depreciation.
โณ๏ธ Their ability to offset W-2 income with the bonus depreciation is limited.
โณ๏ธ They pay $60,000 in taxes that year ($200k X 30%).
๐ผ Couple 2: One W-2 Income & One Real Estate Professional
โณ๏ธ Both spouses earn jointly $200,000 annually, one through their W-2 job and one as a real estate professional.
โณ๏ธ Invested $100,000 in a large multifamily syndication deal.
โณ๏ธ Received a $100,000 bonus depreciation.
โณ๏ธ The $100,000 bonus depreciation is used to deduct from their ordinary income of $200,000. With $100,000 income, they only need to pay $30,000 that year ($100k X 30%).
โญ๏ธ Couple 2 can take that tax savings of $30,000 to put it back into their pockets or continue to invest! ๏ธ
This strategy is something that we personally benefited from and helped us redeploy more capital into investing.
Getting the REP status can unlock significant tax benefits, especially when utilizing a tool like bonus depreciation.
Note - Iโm not a professional accountant, so please consult with your accountant.
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Taking some of the tax savings toward funding our family trip to Newport Beach couple months back. โค๏ธ
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