Received this question from one of my seminar attendees: Q: When do I start the financing process on a multifamily property? A: Though the Purchase and Sale Agreement clearly defines when the multifamily financing period ends, it is silent as to when it should begin. That’s because it should start RIGHT NOW. Even if you… Read more »
Posts Categorized: Uncategorized
The Truth About Emerging Markets in the Multifamily Business
For those of you that have followed my blogs, special reports, white papers and have come to any of my seminars or training classes, you know how I feel about this concept of buying multifamily property in emerging markets. Dallas/Ft. Worth? Texas? Huntsville, AL? These are the up and coming emerging markets? Says whom? Here’s… Read more »
Multifamily Deals – Three Things That Can and Do Go Wrong (Part 1)
In my multifamily law practice, most every problem can be boiled down to three issues. First, bad partnerships. Second, bad due diligence. Third, no money. I will evaluate each of these problems over the next three weeks and what you can do to avoid them. I. Bad Partnerships Remember giving or receiving one of these… Read more »
WARNING!!! Is Multifamily Investing TOO HOT?!?!
I recently came across an article in the February 6 edition of Real Estate Weekly about the state of Multifamily Investing. In it, Jonathan Woloshin, co-head of sector research for UBS Financial Services, makes some very interesting points about what has gone on in the multifamily arena over the last few years and what that means… Read more »
What’s the Right Multifamily Property for You?
Allow me to describe for you the lifestyles that I have lived based upon the type of multifamily property that I have owned. Once you get a flavor for what each property entails, you will have a better understanding of which type of asset you should be focusing on. Class A –… Read more »
Karen Hanover – We Hardly Knew You (Part I)
I once had the unfortunate experience of crossing paths with the recently ‘re-indicted’ Karen Hanover. If you do not know who Ms. Hanover is and what she did to many unsuspecting real estate investors, you must read my friend, Duncan Wiermans’s blog (www.duncanwierman.com/blog). I would have to say that virtually single-handedly, Duncan was the one… Read more »