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REIA 122 Terry Painter: How to Ensure Cash Flow When Buying Overpriced Rental Property Today
Season 1
Episode 122
Published 4 years ago
Description
We'd love to hear from you. What are your thoughts and questions?
Terry Painter is the author of "The Encyclopedia of Commercial Real Estate Advice" and a contributing writer for Forbes.com. He is the founder of Apartment Loan Store and Business Loan Store - commercial mortgage banking and advisory firms that have closed over four billion dollars in commercial loans since 1997.
Main Points:
- Choose a Property in a Good Neighborhood Closer to Home
- Don’t Take Shortcuts with Due Diligence
- Make Sure in 2 Years You Can Break Even at 75% Occupancy
- Know the Physical Condition of the Property
- Choose Inexpensive Value Adds
- Choose the Lowest Payment Financing
- Have Working Capital and Additional Sources of Income
Connect with Terry:
- terry@apartmentloanstore.com
- www.apartmentloanstore.com
- (541)840-3078
- (214) 695-7310