Matt Comito

Investment Sales

[Matt Comito @Matt_Comito]

@arjunarora_ ChatGPT

[Matt Comito @Matt_Comito]

@molzer That’s pretty sweet

[Matt Comito @Matt_Comito]

@Dirtdog @7BrewCoffee 🫡

[Matt Comito @Matt_Comito]

@oneinvestorguy Within 3 hours

[Matt Comito @Matt_Comito]

@QSRguy @FranchiseMnA @MUnitfranchisee @grok I'm seeing serious wealth creation with Culvers currently. Building & operating

[Matt Comito @Matt_Comito]

@MUnitfranchisee @FranchiseMnA I'm seeing a handful of legacy 40+ year family franchisee's holding their breath right now. Trends have definitely shifted.

[Matt Comito @Matt_Comito]

@AdamHKlein One line.. too long of a pause and i'm following up for eternity

[Matt Comito @Matt_Comito]

@DanielHerrold Disproportionate rent to sales ratios & consistent chapter 11's in casual dining.

I'm seeing QSR franchisee's who are capital constrained close 20 year old locations rather than remodel to meet modern build-out requirements.

[Matt Comito @Matt_Comito]

@realEstateTrent Marshmallows, Hershey's Chocolate, gram crackers and skewers.

[Matt Comito @Matt_Comito]

Just recently I requested proof of funds over txt - within 3 minutes i received a phishing email with an attached password protected PDF. I went to view the document, it opened a new tab and prompted an OKTA log in and I completely fell for it and typed the password to my email into it.

Got our IT on the phone within 40 seconds, they locked everything up and investigated. It ping'd directly to Russia.

Luckily my password was unique to just that email.

[Matt Comito @Matt_Comito]

@realEstateTrent Positivity

[Matt Comito @Matt_Comito]

@Dirtdog

[Matt Comito @Matt_Comito]

@CaseyMericle @TheRealEstateG6 I recently had a guy at 91 ask me for deals 😅

[Matt Comito @Matt_Comito]

@MultifamilyMad Depends on who guarantees the lease and how current rents compare to market.

If he’s been there for 10 years maybe the upside is in him vacating.

[Matt Comito @Matt_Comito]

@CaseyMericle Because one man’s trash is another mans treasure

[Matt Comito @Matt_Comito]

@bethanyjbabcock My mom was put in the same situation last year. My advice to her was to focus on preservation and consult an expert.

[Matt Comito @Matt_Comito]

@KynanPang That's a layup to highlight your database and expertise in multifamily

[Matt Comito @Matt_Comito]

Numbers can be deceiving.

Whats the story?
What year was it built?
Good location?
Whats the vacancy rate for the area?
How many units under construction in that city?
Whats the population in 1,3,5 mile radius.
How may sub 10 unit multifamily deals traded in the area the Last 12 months.
is piping galvanized or PVC?
Electric aluminum or copper?
Water & electric individually metered or master'd?
Crime?
How many people live in each unit?
Whats the market cap rate for stabilized product?
Whats avg price per unit in that market?
How old are the roofs?
How much is insurance and what does it cover?
How dated are the kitchens and bathrooms.
Do all tenants have security deposits?
Whats the tenant profile?
Are leases month to month or annual?
If there's no need for renovations why doesn't the current owner just up rents?

Idk the market but i'd probably underwrite to a minumum 40% expense ratio + 10-15k in capex & unit turnover.

I've seen people get buried in 9% cap deals in markets they're unfamiliar with.

[Matt Comito @Matt_Comito]

@Dirtdog Shake & Bake, Shake & Bake