209: A Beginner's Guide to Analyzing Big Deals & Building a “Bulletproof” w/Kenneth Donis

Real Estate Rookie

BiggerPockets

Entrepreneurship, Education, Investing, Business, How To

4.7 • 1.8K Ratings

🗓️ 17 August 2022

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

As an investor, finding and closing on a deal is only the beginning, and it sets the tone for how the rest of the deal will go. So what criteria should you have to make finding a profitable deal easier? Once you find a deal that's promising, how do you do your due diligence before submitting an offer? In today’s episode, Kenneth Donis shares his bulletproof process for finding and underwriting profitable deals. Kenneth is the Head of Marketing and Acquisitions in the Donis Brothers’ operation. The Donis Brothers have a little more than 1,000 units under their belt and show no signs of slowing down. Kenneth is responsible for finding those deals, underwriting them, and meeting with brokers. With a growing portfolio, Kenneth’s process has become more efficient, and the proof is in their success. Kenneth breaks down his process into three parts—creating criteria, analyzing the deal before submitting the offer, and submitting a letter of intent. He explains how to create a buy box based on your budget and the importance of ensuring your overhead is covered. Taking to heart just a few of the tips that Kenneth shares today could put you on the fast track to closing on your next big investment property! In This Episode We Cover Creating criteria to find great deals based on your goals and budget Defining your ”buy box” and what you should include in yours Multifamily deal analysis and the quotes you’ll need before submitting an offer Drafting the letter of intent and the key elements to a perfect offer How to build lasting and beneficial relationships with mortgage brokers Raising capital from outside sources and using creative financing to fund your deals And So Much More! Links from the Show Ashley's Instagram Tony's Instagram Real Estate Rookie Podcast MLS Apartments.com BPCON22 Real Estate Rookie Podcast Changing Their Family’s Fate by Building a 600+ Unit Portfolio (At Age 20!) How a College Dropout Got a Seat at the Millionaire Investor Table Post, Invest, Profit: A Step-by-Step Guide to Content Creating for Investors BiggerPockets Calculators Connect with Kenneth: The Donis Brothers’s Website The Donis Brothers’s Instagram The Donis Brothers’s Facebook Page The Donis Brothers’s Twitter The Donis Brothers’s Tiktok The Donis Brothers’s Youtube Channel The Donis Brothers’s Podcast Check out the full show notes here: https://biggerpockets.com/blog/rookie-209 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Real Estate Rookie episode 200 and 9-Ear.
0:06.8	So people are realizing that there's something going on in the economy.
0:10.0	So I think it's bringing fear to the market.
0:12.2	The kind of what we've been doing is just trying to educate, educate, because if you keep
0:16.2	your money in the bank right now, it's not making anything, it's actually losing money
0:19.2	if you want to be technicalities.
0:21.2	Also, if you put it in stocks, that would be very fearful, I would be scared to do that.
0:25.4	And then crypto, I mean, that would be another thing that I would say was probably not
0:30.8	the best idea.
0:31.8	So, where is the best place to put the money?
0:34.7	I personally would say this might be biased, but I think it's Real Estate just because
0:37.9	it would hold its value at least to an extent.
0:41.3	My name is Ashley Care and I'm here with my co-host Tony Robinson.
0:45.6	And welcome to the Real Estate Rookie podcast where every week, twice a week, we bring you
0:49.6	the inspiration, information, and education you need to kickstart your investing journey.
0:54.0	Now, usually, I kind of start this part of the episode with reading some highlights from
0:57.8	recent reviews that we've gotten on the podcast, but I'm going to switch it up just a little
1:01.3	bit and I want to read some comments we got on YouTube for one of our recent, like episodes
1:06.8	we put out on YouTube.
1:08.2	And in that episode, Ashley and I talked about how one of the reviews talked about how
1:12.5	boring Ashley and I are, and we like to read some of the bad reviews from time to time
1:17.4	as well.
	...

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