DC 060 - How to Acquire 176 Units Through a Community Bank with Hendra and Mercy

Published: March 19, 2021, 6:29 p.m.

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Coming as a foreign student to the US, Hendra & Mercy earned their degree from San Francisco State University. After graduation, Hendra has worked in Pre-IPO startups, Fortune 50, and Big 4 corporations while Mercy worked in the hospitality industry and successfully operated multiple restaurants.

After investing in Single Family on the side to save for their son\\u2019s college fund, they realized that it\\u2019s not scalable fast enough. It prompted Hendra & Mercy to start looking into Multifamily by late 2018 and finally decide to jump into Multifamily investing by mid-2019.

To date, Hendra & Mercy have been involved in 5 projects with more than 900 units as both General and Limited Partners. Hendra & Mercy also leads the San Francisco Chapter of Multifamily & More, the networking group of like-minded multifamily investors. Besides doing investing in multifamily as a family, Hendra & Mercy love to connect and help others who are trying to get into Multifamily investing.

In this episode we talk about:

  1. Multifamily Investing
  2. Syndication
  3. Broker
  4. Underwriting
  5. Lower Expenses and Increase Income
  6. Agent Debt Loan
  7. Loan to Value (LTV)
  8. Capex
  9. Occupancy
  10. Communication

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