Jul 20, 2017
Multifamily physical due diligence is extremely important. You
gotta know what you are buying!
You need an apartment inspector to determine the condition of the
asset you are buying.
Bryan Amos is a multifamily inspector & engineer. He helps buyers
uncover possible rehab concerns and potential future costs when
they are considering purchasing an apartment building. He is
looking out for you and your investors on any potential future
capital costs. Bryan creates a reliable rehab/ construction budget
for you and your lender to review. Whether the transaction is a
stabilized property or a value-added property, most lenders should
be able to include the rehab costs into your loan.
Again, do not pay for rehab out of monthly cash flow.
BUT BEFORE, you engage an inspector at your INITIAL visit at the
property with the listing agent, you should have a
back-of-the-napkin opinion on what some of the rehab items will
cost to replace or repair. Bryan gives us some initial cost
breakdowns on several big ticket items like roofs, air
conditioning, foundation, & sewer lines. This invaluable discussion
is based on Bryan doing hundreds of inspections of apartment
buildings. Listen carefully and you will learn a ton of
information.
To get in contact with Bryan Amos: bryanamos@theomnigroup.com
To receive our FREE 15 page WHITE PAPER REPORT on the 2017
FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about
upcoming events at Old Capital Speaker Series please visit us at
OldCapitalPodcast.com Are you interested in learning more about how
Multifamily Syndications work? Please visit www.spiadvisory.com to
learn about Michael's Real Estate Syndication business with SPI
Advisory LLC.