JF704: When it's OK to Use a $100,000 Earnest Money Deposit NONREFUNDABLE #situationsaturday

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 6 August 2016

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

He aggressively bid on a large Multifamily deal, and won the transaction. Hear the long purchase process that included providing credibility, aggressive offers, and being willing to lose a large deposit. Our guest shares all the ups and downs during the underwriting and purchase, tune in! Best Ever Tweet: Everything is better with a better manager (Multifamily purchase). John Cohen’s real estate background: – Founder of JC Property Group – Started in real estate buying tax deeds – Based in Queens, NY – In 2014 switched to multifamily and recently closed on a 48-unit syndicated deal in Columbus, Ohio – Prior to that worked at Marcus & Millichap as a multifamily specialist in Brooklyn/Queens – Played baseball at Queens College and Mercy College - Say hi him at http://www.jcpropertygroupinc.com/ Listen to all episodes and get a FREE crash course on real estate investing at: http://www.joefairless.com Made Possible Because of Our Best Ever Sponsors: You find the deals. We’ll fund them. Yes, it’s that simple. Fund That Flip is an online lender that provides fast and affordable capital to real estate investors. We make funding your projects easy so you can focus on what you do best…rehabilitating homes. Learn more at http://www.fundthatflip.com/bestever. Subscribe to Joe’s YouTube Channel here to learn multifamily and raising money tips: https://www.youtube.com/channel/UCwTzctSEMu4L0tKN2b_esfg Subscribe in iTunes and Stitcher so you don’t miss an episode! 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.
0:23.7	InvestHircon is not just another real estate conference.
0:27.1	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	Those are the big questions.
1:06.0	Just what's your plan?
1:08.0	Who's your manager?
1:09.0	Having torn it, has equity toward it.
1:11.0	Any surprise is going to come off.
1:12.0	Is the equity available and then
1:14.1	you're financing. Best ever listeners do you want to make more money on your real estate
1:17.8	projects? Well I'm guessing that I'm hearing you say oh yeah baby well guess what my friends today's best ever
1:28.1	sponsor fun that flip is working with well one of our previous best ever guests who has the most
1:35.2	one of the most popular episodes Jay Scott if you aren't familiar with this
1:40.6	episode then go check that out episode 217 if you are because you're loyal best ever
	...

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