Multifamily Missteps Hosted by Jerome Myers

Things to Watch Out for in PPMs - Jeff Love

December 22, 2020 jerome myers Episode 54
Multifamily Missteps Hosted by Jerome Myers
Things to Watch Out for in PPMs - Jeff Love
Show Notes

Jeff Love is a partner at Gibbs Giden Attorneys at law. His practices encompass all facets of real estate transactions, including drafting and negotiating purchase, sale, syndication, and financing transactions in connection with commercial, industrial, and residential assets. He also regularly drafts and negotiates office, retail, and industrial leases for regional landlords and tenants throughout the West Coast.

Things you will learn in this episode:

[00:01 – 04:23] Opening Segment

  • How to get in contact with Jeff
  • See the links below
  • Jeff talks about his background in real estate
  • Jeff talks about Los Angeles deals and missteps

[04:24 – 18:08] You Have to Disclose

  • Understanding disclosures
    • Disclose everything to investors
  • PPM’s in investment deals
  • Jeff’s recommendations to avoid missteps in disclosures
    • Don’t guarantee things
    • Disclose and share information

[18:09 – 21:51] Closing Segment

  • Jeff’s words of wisdom for the listeners:
    • Not everything goes according to plan
    • Don’t get discouraged when things go wrong
    • Learn from your missteps
  • Final thoughts

 

Tweetable Quotes:

“Don’t get discouraged when things go wrong. Things are going to happen, it’s a fluid situation especially with real estate, even more so when you’re just starting out. So you may have some missteps, but the important thing is to learn from those missteps. ” - Jeff Love

“Disclose everything to your investors. You want investors to understand the deals as much as you do. The problem arises when you have investors that didn’t understand the deal, the risks of what they’re getting into, and just saw that massive return.” - Jeff Love

“The point of disclosing is for the investor to actually see it and understand it and be okay with it.” - Jeff Love

“There’s no substitute for a trust. You’ve got to trust the people you’re working with, you’ve got to like the people you’re working with. Because when you don’t, that’s where problems are gonna rise.” - Jeff Love


Resources Mentioned:


Connect with Jeff, send him an email at jlove@gibbsgiden.com. Visit their firm’s website at https://www.gibbsgiden.com/

 

Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3

Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB

Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC

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