JF3445: The Art of Closing Deals Fast and Efficiently | Multifamily Fundamentals

The Best Ever CRE Show

Best Ever CRE

Realestatepodcast, Entrepreneurship, Business, Realestate, Investing, Realestateinvesting, Realestateinvestingpodcast

4.8 • 983 Ratings

🗓️ 9 February 2024

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

Multifamily Fundamentals is a 10-part series hosted by multifamily investor and syndicator Matt Faircloth of the DeRosa Group. In each episode, Matt and his guests dive deep into the fundamentals of not just investing in multifamily, but in building a real estate business. They dissect everything from choosing the right market, to underwriting and financing multifamily properties, to mastering investor relations — all the way to building out your multifamily dream team.

In the episode, Matt Faircloth and Justin Fraser discuss strategies for successfully closing real estate deals, focusing on multifamily properties. They cover topics like equity arrangement, market selection, team building, offer making, and the importance of due diligence to ensure a deal's profitability. Justin shares insights on navigating multifamily acquisitions, emphasizing the critical role of asset management post-offer acceptance. They also delve into the complexities of contracts and negotiations in multifamily real estate.

Key Takeaways:

Due Diligence and Team Composition: Effective closing strategies in real estate emphasize the importance of thorough due diligence, careful market selection, and strategic team composition to ensure success.
Asset Management in Multifamily Acquisitions: For multifamily acquisitions, the role of asset management is critical, especially in understanding the complexities of contracts and ensuring a smooth transition from offer acceptance to successful closing.
Negotiation and Contractual Terms: Negotiations and a comprehensive understanding of contractual terms, such as the significance of a detailed Letter of Intent (LOI), are essential for aligning real estate deals with profitability and investment objectives.

Sponsors:

Syndication Attorneys

Monarch Money

My1031Pros

Transcript

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0:00.0	Did you know that within a decade women will hold $30 trillion in investable assets?
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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	Quick disclaimer, the views and opinions expressed in this podcast are provided for informational purposes only and should not be construed as an offer to buy or sell any securities or to make or
1:15.6	consider any investment or course of action. For more information go to Best Ever Show.com.
1:21.8	When you make a multi-family offer on a large apartment complex in particular,
1:26.1	there's a lot of terms that come with that offer, which can be just as important as the purchase price.
1:32.6	Welcome to the best ever show, the world's longest running daily commercial real estate
1:37.2	podcast.
1:38.2	Our hosts interview commercial real estate experts every day to get you the best advice ever with none of the
1:44.5	fluffy stuff. What is going on best over community? This is Matt Faircloff here and
1:48.7	this is yet another DeRosa group team contribution. Call it a a takeover call it whatever you want call it a
1:55.2	great episode coming your way from Derosa group for the best ever show and we are
1:59.8	super grateful to be in front of you guys today talking all things multifamily.
	...

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