JF1385: Evaluating Value-Add Apartment Syndications with Ben Risser

Published: June 18, 2018, 3:41 p.m.

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Ben has been building his real estate portfolio since 2010, and is here today to walk us through his process for evaluating and underwriting a value-add syndication. As an aerospace engineer, Ben is very thorough and methodical in his approach to underwriting, which is a fantastic as a listener looking to learn more about the value-add apartment syndication process. If you enjoyed today\\u2019s episode remember to subscribe in iTunes and leave us a review!

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Best Ever Tweet:

\\u201cThe cops were advised to stay away from the property\\u201d - Ben Risser

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Ben Risser Real Estate Background:

  • Syndicator of commercial real estate and business consultant
  • Began building real estate business in 2010 and has syndicated $7 Million in commercial real estate
  • Based in Lititz, PA
  • Say hi to him on Facebook and LinkedIn as \\u201cBen Risser\\u201d
  • Best Ever Book: Rich Dad, Poor Dad

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A couple of notes from Ben:

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\\u201cOne thing I stated that I would clarify, regarding being conservative on rental upside. \\xa0I underwrite to a lower upside until I have more experience in a given market, or have collected a sufficient quantity and quality of data to increase the statistical confidence in the rental upside estimate.\\u201d

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His revised \\u201cBiggest Mistake Ever in Real Estate\\u201d answer:

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"Buying a fixer upper house, under the condition with your wife, that you\'ll renovate it to what she wants, and then having two more kids."

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