Sharing what I have pieced together on entity structuring for my first multifamily acquisition, would genuinely love feedback from anyone who has actually done this, since I want to get this right before I am under contract on anything. Here is my current understanding, please correct anything that is off: - Most investors hold each property in its own LLC, to keep liability contained to that one asset rather than exposing the rest of a portfolio if something goes wrong at one property. - Some people use a holding company structure on top of the individual property LLCs, for centralized management and cleaner accounting across multiple properties. - One thing I recently learned from a broker is something called the Entity Transfer method, used to avoid a property tax reassessment to the new purchase price when a property changes hands. I do not fully understand the mechanics of this yet or when it does or does not apply, so if anyone has used this or has a CPA or attorney who explained it well, I would love to hear how it actually works. - I am also trying to understand how this changes once a JV or outside capital is involved, versus a property I would hold on my own. A few direct questions for anyone willing to share: 1. What entity structure did you use for your first deal, and would you do it differently now? 2. Did you set this up before or after you had a deal under contract? 3. Any mistakes you made early on with entity structure that were expensive or annoying to unwind later?

Hi everyone! My name is Katiana from Jacksonville, FL. I’m actively growing in the multifamily acquisitions space, focused on value-add opportunities in Northeast Florida and DFW. I’m continuing to sharpen my acquisitions and underwriting skills while building relationships with experienced operators and like-minded professionals. I toured a 225-unit property here in Jacksonville 2 days ago so I’m excited to keep putting what I’m learning into action. Looking forward to connecting and learning from everyone here!

I am a product and business leader in consumer tech, and I am actively working toward my first commercial multifamily acquisition, targeting 20-30 unit value-add buildings in Ohio and the Midwest. I already own a residential multifamily, and I am currently underwriting real deals and building relationships with brokers and other investors. I am sharing what I am learning along the way, mistakes included, in case it helps others in the process too. Why I stopped trusting the "return" a seller shows me - I recently underwrote a deal where the seller's worksheet claimed a solid cash-on-cash return. When I rebuilt the numbers myself using their own actual rent roll and expenses, the debt service was higher than the property's current income. At today's occupancy, the deal was losing money and not making the advertised return. What did I fix: I stopped anchoring my offer to the seller's pro forma and anchored it to current, in-place income instead. Any upside from filling vacancies or raising rents becomes a bonus on top of a deal that already works, not the thing keeping it afloat. Lesson: Always rebuild the NOI yourself from the raw numbers before trusting anyone's summary, including your own broker's. What is one number you always recheck yourself before trusting a seller's pitch?

Curious to hear from experienced operators - how did you choose between a JV vs syndication for your first or second real? What criteria did you use?

If I had listened to all the haters & negative comments along my journey, I wouldn't be in this space. Very grateful to be here and have a ways to go. But for those new in the More Club, maybe feeling behind and unsure of yourself, I want to hop on a call with you. Something inside of you is saying "GO FOR IT". Earlier today I had a call with @Poojitha D for almost an hour which was awesome and we both talked about the moments where you can lose motivation. This happens in between events, the late-night grinders, kids tugging on you. With anything you want to achieve in life, it takes discipline, sacrifice, commitment & consistency. With that, over time, you will eventually look back tracking your accomplishments and will be in awe with where you have come. So, More community, if you are looking for some motivation, looking to expand your network & net worth then let's break some bread together. Shoot me a DM!