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The Best Ever CRE Show

JF1835: Syndication Tips #2 Two Lessons Learned From A 250 Unit Deal | Syndication School with Theo Hicks

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7995 Ratings

🗓️ 11 September 2019

⏱️ 17 minutes

🧾️ Download transcript

Summary

We’re hearing a couple of lessons from a 250 unit apartment syndication deal that an investor completed. The two lessons are, getting your property management company to put equity in the deal, and priming private money investors prior to finding a deal. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “All of the added legal costs and increase in down payment will likely push the deal below your return expectations”  Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.    TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.   Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:05.0

All of the added legal costs that are associated with putting together

1:09.0

this indication and the increase in down payment will likely push the deal below

1:15.0

your return expectations.

1:16.8

Real quick before the episode, I want to give you a gift of 25% off.

1:20.0

And that gift actually is from TransUnion smart Move, go to tenant screening.com, create a free

1:25.4

account, enter the code Fairless at check out for 25% off your next screening, because as landlords,

1:31.6

we tend to be most concerned with getting paid on time.

1:34.4

You might also know that hundreds of thousands of landlords have to deal with the headaches of evicting tenants each year.

1:40.9

A victim a tenant can be painful, costing as much as $10,000 in court costs and

1:45.3

legal fees, and take as long as four weeks to complete.

1:49.1

What if there's a trusted way to help prevent the headaches of dealing with evicting a tenant.

...

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