JF1701: We Sold Another Deal! Lessons Learned From Taking Another Deal Full Cycle with Frank and Joe

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 30 April 2019

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Frank has been on before, both to share his Best Ever Advice, and also to discuss another deal that Ashcroft (Joe and Frank's apartment syndication company) took full cycle. We’ll hear why they bought the property at a time most investors were not optimistic about the market the property was in. They tell us about the business plan, and how it actually unfolded. This was only Ashcroft’s second property purchase, so a lot of learning opportunities along the way! Take their lessons learned with this deal, and apply them to your business, without having to suffer through the trials yourself. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “We could have done a better job with our lease audit, unit walks, and really getting to know the extent of the demographic around us” - Frank Frank Roessler Real Estate Background: Founder of Ashcroft Capital Has overseen the acquisition of over $700,000,000 of institutional quality multifamily investments Based in NYC Say hi to him at ashcroftcapital.com Previous case study: JF1645: We Completed A Business Plan & Sold A Deal – Here Are The Details – with Frank and Joe Frank’s Best Ever Advice: JF810: When Mother Nature DESTROYS Your Property, What Do You Do? #SkillsetSunday How great would it be to buy a piece of institutional-quality, income-producing commercial buildings? Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it! Start investing with as little as $500 at https://www.buybits.us/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Did you know that within a decade women will hold $30 trillion in investable assets?
0:05.3	Yet somehow only 19% of women reported feeling confident in selecting investments that align
0:11.0	with their long-term goals. Our friends at Invest Her are out to change. that and it's happening June 2nd through the 4th in Austin, Texas.
0:23.0	InvestHERCON is not just another real estate conference.
0:27.0	It's a transformational experience focused on real estate investing,
0:31.0	business strategies, and self-care tactics, all designed to help women take
0:35.5	control of their financial futures. Gain the knowledge and skills you need to grow
0:40.0	your portfolio and build a sustainable business all while connecting with over 500 women who are playing at the same level.
0:48.0	To learn more and to get your tickets, visit InvestHERCON.com today and use the code 100 best ever to get $100 off your ticket.
0:56.6	That's Invest Her, H-E-R-K-D-K-G-G-G-O-K-G-K-G-O-K-K-O-K-O-K-O-Kom,
1:00.6	Prom best ever to get $100 off your ticket.
1:05.0	Assume that you are going to get a loan.
1:07.0	300 basis points floating on top of the one month Y-BOR
1:10.0	to come in at 70% of the purchase price and then adjust your purchase price
1:16.3	accordingly in order to get the returns that you're seeking so be cautious
1:21.6	is what I'm saying.
1:22.6	How great would it be to buy a piece of institutional quality income producing commercial buildings?
1:28.0	Well, now you can with Building Bits.
1:30.4	It's not a REIT or a fund. Building BITS is a new platform for non-accredited investors where virtually anyone, regardless of income, can select a building lease to a major corporation with a guaranteed long-term lease.
1:43.2	You can now invest in the same quality assets, which have previously only been available
1:47.5	to institutions and wealthy individuals.
1:50.2	Once you choose your building on BuildingBits.com, you can invest as little as $500 and receive your share of the rents while Building
	...

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