Over the past 6 months, I started underwriting on-market deals. Why? 2 reason; experience in underwriting and a deal is a deal On market or Off. Other Learning markets and looking at real offerings, presented an opportunity to learn something about multifamily and increase my knowledge.

After presenting 2 offerings to the local Real Estate Investment networking group, 1 Potential Limited Partner (LP) reached out to me to ask the real questions.

• Who will manage the Asset?

• Who will manage the Property

• Who can we partner with that is Local to the area?

• How do you plan to structure the deal JV/Syndication?

• Deal Size?

• What Are you Seeking, Equity/Debt, Sponsor?

• Have you talked to a bank?

After all these questions, I was asked about the Business Plan for the Property. What is your goal for operating the asset? At the same time, I had a Seasoned Operator General Partner and Sponsor reached out to me on LinkedIn. I mentioned to him about the offering, and my desire to get into multifamily by bringing a deal. He mentioned that he is operating a much larger asset, 197 units, in the same region as the property I was looking at.

After some back and forth, he wanted to set up a call with me on the 19th this month. This brings my question. What are some questions would you present to a potential Sponsor/General Partner. My first thoughts will be considerate of what the potential LP asked and how can the gap be closed on those concerns. I would like to know what questions would you ask, what question should i consider.