Dave covered the following topics:
* Using a Sponsor on a small deal & why it’s good to do small deals too. Using the Master plan to identify revitalization area, when to invest & then find properties via Direct Mail.
*If No value plays on the deal then look at the it’s market. Sponsor’s Net worth and liquid requirements.
* Business plan for current economic conditions, assemble the team, markets that still have legs, coastal markets, sourcing private money. Leverage RE Mentor’s events, build relationships with FRE Brokers in major cities
* Holy Trinity; Cap protects you, COC your PM, DCR the bank gets paid. Make ing offers based on Strike price & carve out. Dave’s take on an A- property in a C+ area, High ratios of 1 BR; 90% Occupancy must be large sized.
* Should you use your own credit to buy smaller properties. Do not take a RE broker commission. When to form an LLC
[fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][fusion_button link=”http://rementor.s3.amazonaws.com/audio/MasteryTeachCalls/October2016/MasteryQ%26AwithDave_10616.mp3″ color=”default” size=”” stretch=”” type=”” shape=”” target=”_self” title=”” gradient_colors=”|” gradient_hover_colors=”|” accent_color=”” accent_hover_color=”” bevel_color=”” border_width=”1px” icon=”” icon_divider=”yes” icon_position=”left” modal=”” animation_type=”0″ animation_direction=”down” animation_speed=”0.1″ animation_offset=”” alignment=”left” class=”” id=””]Listen to Call[/fusion_button][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]
