Fridays is when we take the time to do case studies on recent real estate deals. Ian took the time to share a deal that Equity Warehouse recently purchased, a 34-unit apartment building in Ranson, WV.
Donnie Fischer of Real Property Solutions, the property manager for Ian, joins the show to walk thru the breakdown.
-How did Ian find the deal off market
-What made the market interesting enough for them to purchase a deal outside of their primary market
-A look at the risks of the deal
-How to handle construction and renovations from afar
-Creative financing to fund the deal
-What does the long term funding solutions look like
-How to verify a new property manager
-Expectations of the property manager
-Long term outlook of the overall project
Donnie also discusses what he is seeing in his local market. Also how his company is handling the COVID-19 crisis.
Get a free copy of Ian's Book – www.landlordinglife.com
Get a free copy of Jason's Book – www.propertyhackers.com
Find out more about Equity Warehouse – www.equitywarehouse.com
Find our more about Hard Money Bankers – www.hardmoneybankers.com
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