Why You Should Always Invest For The Cash Flow
Monday, March 02
I was a claims adjuster when I was 27 years old, this was in the 90s. I had a chance to put my job and go into the medical business and the clinics. It wasn't until about 2003 that I wanted to get into real estate, I realized that I didn't have retirement and that I needed to find a way to start...
Equity Splits, Structures And Returns
Sunday, March 01
We structured as a 6% preferred return to our investors and then a 60/40 equity split, but what we've done is our cash flow is not being considered. Return of capital is being returned on capital so that equity split upon sale will only happen once they've received back at style 100% of the init...
What to Look For During Due Diligence Phase
Saturday, February 29
We had our property management company that works well with us on due diligence and we've had people have different opinions, but we were firm opinion. You needed to look at every unit in the due diligence phase. We had a discussion the other week, someone felt that you only needed to do about 20...
Quick Tips For Unit Updates
Friday, February 28
As far as interiors go, really everything that the resident is going to touch will look and feel new. We have solid flooring in almost all the units where it is needed, we will replace the flooring, but, for the most part, all the flooring is really solid to this point. We are going to do a two-t...
What Happens After Taking Over The Property
Thursday, February 27
When we moved into our recently acquired deal, we had around 85% occupancy. There are two properties, one had 80% occupancy and another was at 88% and now it's kind of flip-flopped and one's short of 83% and the others at 90%, being the smaller properties at 90%, we've settled out at about 85%. ...
Buying an Owner-Managed Property
Wednesday, February 26
Nothing can replace just reaching out to brokers and we set quite a high activity for reaching out to new brokers about a year ago. And this deal came across, but it was marketed by an out of state broker, at the point when we first identified and engaged on the property, we had just had an L.O....