Topics included:*What is the range for “Year Built” compared to the property classification for A, B, C & D? *****I am working on a deal where the seller has recently achieved 85% occupancy in Sept. For most of the year, occupancy was in the 70s. The broker has told me that the seller is willing to sell, assuming market occupancy of 90%. When I analyze the deal, how do I approach scheduled rents? Do I assume 100% occupancy and then deduct the 15% vacancy? Or do I take the current contracted rents (~85% occupied) and then attach an additional vacancy rate to that lower number? ******Loss to lease on Rent Roll is ($6,470) but on the Property Package , it is (42,420). There’s no entry for it on the T-12. Which figure do I use for the underwriting?….How to analyze a deal with bad records…..Determining the Managing LLC (Company Dollar ) splits with sponsors and deal finders…
Listen to Call Here – http://rementor.s3.amazonaws.com/audio/MasteryTeachCalls/November2016/MasteryTeachCall_11-15-16.mp3
