Multifamily Missteps Hosted by Christy Keeton

Delinquency... - Tommy Brant

Jerome Myers - The Preeminent Authority on Dream Realization

How much do we know about the property before we make a deal?  In this episode, Tommy Brant addresses the importance of financial due diligence and how knowing the owners is just as essential as knowing the assets. Tommy also shares how taking the lead on the deal helped create value for him and his partners.

 

[00:01 - 17:18] The Deal that Eluded Me 

  • Tommy shares how he got his start in real estate
  • Forming a team with the broker's contact
  • Finding problems during financial due diligence

[17:19 -19:44 ] How to Avoid Mistakes During Financial Due Diligence

  • Understand the previous owners and the property
  • Educate yourself about the market
  • Network with like-minded people

[18:37 - 20:06] Closing Segment

  • Look for people to mentor you
  • Final words

 

Tweetable Quote:

“You really need to understand the previous owners. What are the operators like? Did they have a business plan? What did they neglect? Is there a theme that we're seeing in all the units, So whenever people are talking about hard earned money, I wanna know the owners just as much as, I would know, the asset.” - Tommy Brant

 

 

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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Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.

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