All Forum Posts by: Shaun Draughn

Michael B. Thanks for your input! Question for you.... so would you say you attempted the BRRR strategy and feel as though turnkey is a better option for you personally or better in your opinion all together due to seasoning period? If so; is it because the seasoning period held up a majority of your cash therefore not allowing you to acquire more properties quicker?

see y’all there!! @Saveon Alston

@Henri Meli thanks for the run down, I knew the list would be extensive but this is pretty detailed I appreciate that. Also I know there are items to outsource and have a professional pour over and some things I can do on my own and am steady attempting to differentiate the two as well as figure out what other items will cost you up front. My partner and I went through the process of getting land developed to do a townhouse development and quickly realized this wasn't in our field of expertise. Which is another reason I wanted to seek help on the process of due diligence because we wasted money on the site plans, soil test, geo tech etc. and the deal didn't go through. 

currently rented?

could you send more pictures to [email protected]

also are you able to provide the contractors contact info? 

could you send more info to [email protected]

oh wow welcome to the area!!  I am down the street from you in Apex, and I am also looking to invest in other markets! @Henri Meli would love to chat with you about your strategy or things you have going on. I see we are already connected but don't think Ive formally introduced myself. 

thank you guys, I forgot to specify that I am looking at 2 to 8 units to start out.  so not really looking to get in over my head right off the bat. 

@Alina Trigub 

@Caleb Heimsoth are you investing in the triangle mostly? or are you going where it makes sense? 

Hello all, question for those of you who are purchasing multifamily properties! What are some of the biggest fees you incur during the due diligence period? Besides attorney fees, appraisal. I am just trying to understand better how much more in addition to the down payment should you expect to pay! And what type of “consultant” assessments are ABSOLUTELY recommended be apart of the due diligence process? I am reading “The Due Diligence Handbook For Commercial Real Estate” by Brian Hennessey and there are some good helpful tips thus far but I’m not seeing any specific detail about fees for these steps. Would love to hear from those who are experienced in acquisitions or anyone who has been through the process! Thanks in advance!

Hello all, question for those of you who are purchasing multifamily properties! What are some of the biggest fees you incur during the due diligence period? Besides attorney fees, appraisal. I am just trying to understand better how much more in addition to the down payment should you expect to pay! And what type of “consultant” assessments are ABSOLUTELY recommended be apart of the due diligence process? I am reading “The Due Diligence Handbook For Commercial Real Estate” by Brian Hennessey and there are some good helpful tips thus far but I’m not seeing any specific detail about fees for these steps. Would love to hear from those who are experienced in acquisitions or anyone who has been through the process! Thanks in advance!