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The Best Ever CRE Show

JF1710: How To Underwrite A Value-add Apartment Deal Part 8 of 8 | Syndication School with Theo Hicks

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7996 Ratings

🗓️ 9 May 2019

⏱️ 29 minutes

🧾️ Download transcript

Summary

Now that we’ve discussed most of the underwriting process for value add apartment syndication, Theo will cover visiting the property in person. Visiting in person is something you will need to do, regardless of how far away it is. You’re dealing with investors’ money, doing proper due diligence is a requirement. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “One of the first properties I toured, I went with my wife and thought the property did not need much work. The second tour, I brought the property manager, and she pointed things out that I didn’t see” Free Cash Flow Calculator: http://bit.ly/simplecashflowcalculator Free RCA Sample: http://bit.ly/RCAforsyndication 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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1:05.0

One of the difficult things you're going to face is actually convincing the property

1:09.7

company to actually come out to the property with you because they're not

1:13.7

necessarily going to want to waste an afternoon to drink property to someone

1:18.2

who's never been a deal for and we've talked about how to overcome that objection in previous syndications

1:24.2

school episodes.

1:24.8

How great would it be to buy a piece of institutional quality income producing

1:28.9

commercial buildings?

1:30.3

Well, now you can with building bits. It's not a REIT or a fund.

1:34.7

Building Bits is a new platform for non-accredited investors where virtually anyone, regardless of

1:39.6

income, can select a building lease to a major corporation with a guaranteed long-term

1:44.6

lease. You can now invest in the same quality assets which have previously

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