High Five Ron Worley
Topics Discuss
* The 8.5% cap rate of the holy Trinity is fix across the country? If we need to adjust to the particular market, how do we determine what is a good cap rate in that particular market?
* When approaching lender for our first multifamily prop, what are the alternatives to suffice the experience requirement if we are newbies in this business?
* How do you determine how much you need to schedule for cap ex. when you are doing your underwriting?
* What is appropriate to ask for as repair allowance on a B or C property in B neighborhoods when putting in a LOI. (what is the difference between cap ex. and repair allowance?)
* Recommend a good PM software
* Dave tips on Repositioning and strategies when selecting terms for your loan to protect yourself incase interest rate go up
* Which lender to use to Refi and existing rehab project that has existing Hard Money lending terms on it
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