Commercial Real Estate Pro Network

Commercial Real Estate Professionals who work with Investors, Buyers and Sellers of Commercial Real Estate. We discuss today's opportunities, problems & solutions in Commercial Real Estate.

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CREPN #83 Systems for Success with Matt Faircloth


Owning one property is manageable for most investors.  One problem, one unique solution.  However, for true wealth, multiple units are the goal.  To accomplish this without going crazy, or broke, you need systems for success.   We spoke with Matt Faircloth from The Derosa Group about systems for success. System for Success in Property Acquisition: 1) The first step is to do a Market Analysis.  If it is your local market, it is easy to know the different areas of town and their reputation.   If you are not familiar with the area, you need to find the answers to the things you cannot change: 2)  Evaluate the Property: If the area checks out, it’s time to evaluate the property: Do the numbers work?  This is where you go line by line with the information available in the offer.  (Click here to get a FREE DEAL WORKBOOK) If the numbers work, it's time to do the physical inspection.   3) Physical inspection: The key to the inspection, don’t start inside the units.  Start with the systems.  What is lurking that is going to cost you money? If everything looks good, you are ready to make an offer. 4) Make the offer 5) Due Diligence:  You have thirty days to confirm everything you believe to be true now.      6) Operation: Now you need systems that cover the day to day operation including: 7) Refinance: If you are in a syndicate, this is the time to pay your investors. 8) Repeat For more information goto: https://www.youtube.com/user/derosagroup  


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 March 10, 2017  1h16m