In this episode you will learn
- Tips on how to properly make the switch from a day job into the business.
- What details to evaluate on a property before putting an offer in.
- The benefits of syndication and how you can use it to close deals.
- The possibility of closing on a deal without a sponsor or prior closing experience.
- The benefits of purchasing a value-add property and rehab after purchase.
- Ideas on what to renovate on older or run-down properties.
- Types of exit strategies and ways to manage properties for long-term cashflow.
- The benefits of wholesaling or buying wholesale properties when it makes sense.
- Reasons why you may back out of a deal, especially if the deal doesn't make sense.
- RUBS, the Ratio Utility billing system used to charge tenants for utilities.
- Making offers and why making an offer above asking price may be necessary.
- Potential problems and deficiencies you may find in value-add properties.
- The value of calculating cap-x, cost for renovating, before you buy a property.
- The importance of having a team, networking, and where to network.
- The importance of finding your motivation to keep you focused.
- The benefits of having a morning ritual or routine to get you going.
- The importance of writing down goals and magic moments to avoid forgetting.
- The importance of having a good work ethic and valuing hard work.
About our Guest:
Tamar Mar can be reached at:
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Recommended Resource
- Looking to invest in a multi-family real estate project? Want to partner with me personally on a deal? To schedule a time for us to talk click on this link:
http://www.meetme.so/RodKhleif2
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