Creative Capital

Dan Lewkowicz is a seasoned real estate veteran with over a decade of experience in many facets of the real estate industry. Starting his career "house hacking" he quickly moved on to flip houses in and around metro Detroit and eventually created a company called Renaissance Real Estate Ventures which specializes in the acquisition, financing, renovation, and resale of single-family residential properties in the booming city of Detroit, Michigan. Before joining Encore Real Estate Investment Services, Dan was a Senior Advisor at a national real estate brokerage specializing in commercial real estate investment sales. Dan is also a former business development executive for Amazon in Detroit Michigan. Currently, Dan is director of investment sales at Encore Real Estate Investment Services and specializes in shopping centers, medical office buildings, industrial fulfillment centers, and automotive repair and parts stores.

In this episode, Dan talks about the nitty-gritty of a triple net lease – what it is and what the deal structure looks like. First, Dan shares his experience with his flipping business and how he made the transition to brokerage. Also, Dan will talk about how brokerage helped him improve his creativity and will share his thoughts on the digitalization of real estate. Listen in!

[00:01 - 08:00] Introduction

• An overview of the episode
• Welcoming Dan to the show
• Dan shares his background

[08:01 - 19:21] From Flipping to Brokerage

• Dan's experience with his flipping business
• When Dan decided he wanted to pivot
• Making the transition to brokerage

[19:22 - 48:02] A Detailed Look at Triple Net Lease

• What is a triple net lease?
• • First, second, and third nets
  • Why the capitalization ratio of multifamily is slower than net lease today
• Retail repurposing
• What the deal structure looks like
• • Creating a win-win-win structure
  • Underwriting the deal
• How Dan's experience in brokerage helped him improve his creativity
• Dan's thoughts on the digitalization of real estate

[48:03 - 51:46] The Pod Decks Segment

• If you had to prove you were human and not an AI in five minutes via a text message conversation, how would you do it?
• What are your bad habits?

[51:47 - 59:47] The Core Four

• What is your favorite real estate-related book?
• • Influence: The Psychology of Persuasion (link below)
  • Think and Grow Rich (link below)
• What do you think your unique skill is that helped you become successful?
• • His smile
• Tell me something that's true about real estate that almost nobody agrees with you on
• • The value of assets in the US
• What one piece of advice would you give the listeners wanting to succeed in real estate investing?
• • Invest in yourself
• Connect with Dan!
• A summary of the episode
• Closing words

Key Quotes:

"I'm a guy that has a plan A, and I think that a plan B is an insult to your plan A." - Dan Lewkowicz

"That's retail repurposing, that's taking something and adding value, that's taking something and changing it and making it more efficacious for what you're trying to do and making it more purposeful." - Dan Lewkowicz

"When I'm looking at a deal, I want to find a win-win-win. I say it exactly like that – win-win-win, because I want it to be a win for me, I want it to be a win for the seller or the buyer, depending on which side I'm in, and I also want it to be a win for the other people that are involved. Those might be the contractors, that might be the community, that might be other investors. The way I look at is if you and I create a win-win-win, then unless we're foolish, we almost have no choice but to continue to work together." - Dan Lewkowicz

Resources Mentioned:

• Influence: The Psychology of Persuasion
• Think and Grow Rich

Connect with Dan on LinkedIn!

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.

LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.

Listen to our previous episodes here

This No-Limit Minute Segment is Part 6 of a multi-part series about buying your first multifamily deal. I am going to take you through the step-by-step process of acquiring your first multifamily deal and share all the things you need to know before starting your journey. In this episode, I am going to talk about entity creation and the capital-raising process. For entity creation, I am going to cover everything that you will need to remember before creating your LLC, from filling out documents to asking questions. For capital-raising, I will share the steps I recommend you to take to make capital-raising more efficient and successful. Listen in!

[00:01 - 20:01] Entity Creation

• Ensure that you're using full names in legal documents
• Review the legal documents early and often
• Ask more specific questions on timelines
• Review members of the GP on the operating agreement
• Ask what extras will need to be paid for
• Fill out the LLC operating agreement table of members immediately
• Ensure that the lender's attorney is okay with the investment and management operating agreement
• On drafting a resolution

[20:02 - 40:45] Capital-Raising Process

• Schedule the webinar
• Send out actual calendar invites to everyone that signed up for the webinar
• Test the investor portal to ensure everything is working correctly
• Create your investment summary
• Set up bank accounts immediately following entity creation
• Meet with the team beforehand to review "interested parties"
• Create more awareness around meeting with limited partners

Key Quotes:

"You're going to want to know the specific timeline on when the docs are going to be delivered because it's going to help guide you on the capital raising process and eventually, the timeline and the timeframe of when you're actually going to be able to close." - Josh Ferrari

"The stuff we're talking about today, I say it because it's important because it's going to be the differentiating factor between you losing out on your earnest money deposit and you actually closing on the deal being able to raise cash." - Josh Ferrari

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

You can also email me at [email protected]

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.

LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.

Listen to our previous episodes here

Jonathan Feniak is an attorney and partner at ColoradoLLCAttorney.com. In this position, he helps business owners at nearly every level and in nearly every industry with asset protection, estate planning, and business formation. Beyond business owners, Jonathan also helps activists of all political persuasions to legally protect themselves. Venturing into the legal world, he worked first at a promising legal tech startup (Term Scout) and later at the law firm of Lewis, Bess, Williams & Weese. These experiences, along with earning a law degree, led Jonathan at last to his current role at ColoradoLLCAttorney.com.

In this episode, Jonathan shares everything we need to know about legal asset protection. Jonathan and I will dissect what asset protection is, how it works, and why it's important to real estate investors. He will also talk about piercing the veil for an entity and forming series LLCs. Hop right it and learn more about legal asset protection from an attorney himself. Listen in!

[00:01 - 09:02] Introduction

• An overview of the episode
• Welcoming Jonathan to the show
• Jonathan shares his background
• What got him interested in real estate law

[09:03 - 21:09] Legal Matters: Learning from Other People's Mistakes

• Jonathan on underserved individuals in legal matters
• He shares his experience during the 9/11 crisis
• The importance of having a team
• How being an attorney helps Jonathan learn from other people's mistakes

[21:10 - 49:44] Legal Asset Protection: A Detailed Look

• What is asset protection?
• • "Bottoms up" risk
  • The 6 basics of asset protection
• Piercing the veil of an entity
• • Is it a real company?
  • Avoiding a veil piercing
• Series LLCs
• • Forming series LLCs in different states
• Jonathan talks about land trust
• Why it's significant to invest in the property's structure
• Asset protection for multifamily syndications
• On non-disclosure agreements

[49:45 - 55:06] The Pod Decks Segment

• What's harder today than it was yesterday?
• What scares you the most about your future?

[55:07 - 01:10:59] The Core Four

• What is your favorite real estate-related book?
• • Antifragile: Things That Gain from Disorder (link below)
• What do you think your unique skill is that helped you become successful?
• • Understanding risks and operations
• Tell me something that's true about real estate that almost nobody agrees with you on
• • Lack of liquidity
• What one piece of advice would you give the listeners wanting to succeed in real estate investing?
• • Think about the worst-case scenarios
• Connect with Jonathan!
• A summary of the episode
• Closing words

Key Quotes:

"Don't lose it all through something you didn't see or plan for that you potentially could have." - Jonathan Feniak

"A strong operating agreement is one that I think every partnership should have. What happens if we can't agree? How do we resolve disputes? What if I want out? What if I get divorced? What if I die? What if, what if, what if. 99 times out of 100, you're not going to need them, but when you add them, and you actually need them, they're priceless." - Jonathan Feniak

Resources Mentioned:

• Antifragile: Things That Gain from Disorder

Connect with Jonathan on LinkedIn!

Check out their website: https://wyomingllcattorney.com/

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.

LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.

Listen to our previous episodes here

This No-Limit Minute Segment is Part 5 of a multi-part series about buying your first multifamily deal. I am going to take you through the step-by-step process of acquiring your first multifamily deal and share all the things you need to know before starting your journey. In this episode, I am going to talk about physical due diligence. I'm going to share why walking the units yourself is critical to buying your first multifamily deal and how you can effectively do so. From taking photos of the units to obtaining maintenance records, I will talk about everything you need to know about physical due diligence. Listen in!

[00:01 - 28:52] Physical Due Diligence

• Walk and take photos of the units
• • Make sure to take note of the unit numbers
  • Walk the property with the third party professional
• Take photos of all personal property
• If there is a chiller system, pay particular attention to the data plates
• Obtain names, contacts, and release permissions from all previous vendors and property managers
• Obtain service maintenance records and warranty receipts
• Perform an on-site lease audit and tenant ledger review
• Collaborate at the end of the unit walk and discuss what units have not been checked
• Submit the loan application immediately AFTER

Key Quotes:

"This is all playing a part in the overall picture of the physical due diligence and understanding every single aspect of this property. So it'll give you a real, not only a bird's eye view but also a detailed look into the physical condition." - Josh Ferrari

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

You can also email me at [email protected]

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.

LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.

Listen to our previous episodes here

Michael Holman is a VP at Overland Group, Inc., a vertically integrated real estate firm specializing in the development, construction, and management of real estate assets. Michael oversees the development and capital market efforts at Overland. He specializes in the development and financing of multifamily, mixed-use, and storage assets across the western US. He is actively overseeing the development and financing of over $160 million worth of real estate assets and has millions more in the pipeline. Michael has managed the development of some extremely complex projects. His development experience includes rezones, re-plats, land assemblages, HOA creation and extinguishments, easement creation and abandonments, multiple TIC owners, and much more across multiple projects. His quick rise to leading developments is because of his ability to put together first-class development teams, foresee problems, and provide strong leadership.

In this episode, Michale talks about everything you need to know about new developments, from its definition to its deal structure to its average returns. Michael also shares the pros and cons of new developments and the factors he and his company consider when developing properties in a particular location. Michael and I will also share our thoughts on the current real estate market and where we think the market is heading. I learned a lot in this episode, and I am sure you will too! Listen in!

[00:01 - 08:48] Introduction

• An overview of the episode
• Welcoming Michael to the show
• Michael shares his background
• Growing up around real estate development

[08:49 - 22:17] New Development: The Big Picture

• New development: what is it?
• • The whole development process
  • What the team is comprised of
  • The average timeline for a new development
• What the deal structure looks like
• • Average returns
• Cons of a new development
• • Less cash flow
  • Development is more fluid
• Pros of a new development
• • There's no limit to the upside
  • Less building issues
• Factors to consider when finding a site to develop
• • Macroeconomics
  • Population and employment growth

[22:18 - 46:39] Analyzing Market and Development Trends

• Michael on where he thinks the market is heading
• The current supply-demand situation
• On affordability of real estate
• How they decide what type of multifamily they would develop
• Michael's advice to those who want to start in new developments

[46:40 - 50:45] The Pod Decks Segment

• What could never be replaced by technology, and why not?
• What would be the first few things you would try if you found out that you were completely impervious to physical harm?

[50:46 - 01:02:03] The Core Four

• What is your favorite real estate-related book?
• • The ONE Thing (link below)
• What do you think your unique skill is that helped you become successful?
• • Being relentless
• Tell me something that's true about real estate that almost nobody agrees with you on
• • Real estate, in general, is simple
• What one piece of advice would you give the listeners wanting to succeed in real estate investing?
• • There is always a way
• Connect with Michael!
• A summary of the episode
• Closing words

Key Quotes:

"Partner with an experienced developer. … The experience that somebody who's in development and knows development, the key is they know what to look out for and what to anticipate before it comes up, and that's where the value is." - Michael Holman

"The team is the most important thing in a development because you have to get a lot of different people on board. … The more experienced and the better your team is surrounding that, the more smoothly that process is going to go." - Michael Holman

"There is always a way. If you are willing to put in the time, effort, pivot, and think outside the box, there is always a way." - Michael Holman

Resources Mentioned:

• The ONE Thing

Connect with Michael on LinkedIn!

Check out Overland Capital on their website, Facebook, and LinkedIn!

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.

LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.

Listen to our previous episodes here

This No-Limit Minute Segment is Part 4 of a multi-part series about buying your first multifamily deal. I am going to take you through the step-by-step process of acquiring your first multifamily deal and share all the things you need to know before starting your journey. In this episode, I am going to talk about digital due diligence. I will walk you through what you need to do for the digital due diligence, from the documents you have to review to the arrangements you have to make with the lender and seller. I will also talk about the importance of working with CPAs, lawyers, and other experts, as well as the significance of a cost segregation study. Listen in!

[00:01 - 25:15] Digital Due Diligence

• Thoroughly review all the documents provided by the seller
• Check utility bills
• Obtain digital copies of the leases
• Review previous years' T12s
• Get quotes for CapEx items
• On surveys
• Cost segregation study
• Arrange lender inspections and appraisal
• Ask for lender-required repairs
• Receive the title, commitment, and docs from the title company
• Finalize your underwriting, sources, and uses

Key Quotes:

"Looking at the T12, there's a wide array of different things you want to look at, and making sure that you actually pay attention to all the different variances, if there are any, that's going to be massive to the decision of whether or not to actually move forward with this deal or not." - Josh Ferrari

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

You can also email me at [email protected]

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.

LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.

Listen to our previous episodes here

Aileen is a Finance Team Lead at NASA Jet Propulsion Laboratory. She has experience managing financial budgets for projects over $900M. She received her Master of Business Administration from Northeastern University. Today, Aileen and her husband invest in multifamily syndications and are continuing to expand their passive income!

In this episode, Aileen talks about how you can build your "nest egg" by scaling up your passive income through real estate investing. She talks about how she was able to expand her network and why communication is key in this industry. Aileen also talks about how she and her husband benefited from starting their own podcast in terms of networking and relationship building. Listen in!

[00:01 - 09:55] Introduction

• An overview of the episode
• Welcoming Aileen to the show
• Aileen shares her background
• The reason why she started her real estate journey

[09:56 - 19:17] Communication is Key in Real Estate

• Why multifamily syndications suited their lifestyle the best
• How Aileen and her husband learned more about multifamily syndications
• • Expanding their network
  • Starting their own podcast
• What it's like working with your spouse in real estate investing
• • Getting past the communication barrier

[19:18 - 28:10] How Podcasting Will Benefit Your Real Estate Business

• What sparked Aileen's interest in starting a podcast
• The convenience of listening to podcasts
• Learning from other people
• Creating a thought leadership
• Networking through podcasting
• The positive impact of having your own podcast

[28:11 - 38:45] Building Your "Nest Egg"

• What exactly is passive income?
• How monthly distributions have worked for Aileen and her husband
• The secret to scaling up your passive income
• It's all about taking action
• How Aileen is able to find sponsors
• Aileen's advice to those who want to start
• • Understand your "why"
  • Always add value

[38:46 - 42:47] The Pod Decks Segment

• If you were a superhero, what would your superpower be?
• What is the coolest thing that you've ever done at a job?

[42:48 - 52:46] The Core Four

• What is your favorite real estate-related book?
• • Best Ever Apartment Syndication Book (link below)
• What do you think your unique skill is that helped you become successful?
• • Being as relatable as possible
• Tell me something that's true about real estate that almost nobody agrees with you on
• • That it's hard to get into real estate
• What one piece of advice would you give the listeners wanting to succeed in real estate investing?
• • Open up yourself to the possibilities
• Bonus round!
• Connect with Aileen!
• A summary of the episode
• Closing words

Key Quotes:

"When you put yourself in a little bit more of an uncomfortable situation, I think that that's where you grow the most." - Aileen Prak

"Some people, like you said, might have gotten to that point really quickly, but that's not everybody. It's just doing your consistent actions, networking with the right people, continuously moving forward, and just taking those actions, well-educated actions." - Aileen Prak

"It's just really putting yourself out there and just letting people know what you're interested in. I guarantee you, somebody will be able to help point you on the right path." - Aileen Prak

"Sometimes, you put your limitations on yourself, you're capped at a certain level that you're in, but it's really just a mental mind block that you're putting on yourself. You're holding yourself, you're sending your own limitations. When you open up your mind to other possibilities out there that you can do bigger and better things, I think it opens the doors to a lot of different things." - Aileen Prak

Resources Mentioned:

• Best Ever Apartment Syndication Book

Connect with Aileen on LinkedIn and via email!

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.

LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.

Listen to our previous episodes here

Welcome back to the Creative Capital Podcast with Josh Ferrari! In this No-Limit Minute segment, I am going to talk about a recent issue regarding the government trying to prevent self-directed IRAs to be used in investments. First, we'll define what an IRA actually is and how much money is on IRAs today in the US. Also, I'll share with you the most recent improvements on this matter and talk about the possible effect of this on the real estate market. Listen in!

[00:01 - 07:43] The Unexpected Right Hook to Real Estate Investors

• What the government is trying to do regarding the IRA
• What is the purpose of an IRA?
• How much money is on IRA nationwide today
• Investing in an IRA
• How this issue on the IRA can affect the real estate market

Key Quotes:

"We, as multifamily syndicators, are always looking for new capital. We're also always looking for new passive investors, and I can guarantee you, we have a good place that we can put that money. All that to say, retirement account investing, it's possible. They tried to make it not possible, but it is." - Josh Ferrari

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

You can also email me at [email protected]

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.

LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.

Listen to our previous episodes here

Shawn Winslow is the founder and Managing Partner of Greenbriar Capital Group. He has an aptitude for investing in multifamily apartments, providing his clients with significant passive income and generational wealth creation. His passion is helping his investors achieve financial freedom by reducing their dependency on conventional income and investments such as stocks, bonds, and mutual funds so they can pursue their own dreams. In addition to pursuing attractive risk-adjusted returns for his investors, Shawn strives to enhance the life of every tenant, team member, and individual that comes into contact with Greenbriar and its partners. Prior to founding Greenbriar Capital Group, Shawn worked with one of the Top 10 Largest Investment firms in the World (via InvestmentNews). His passion for helping others pursue their financial goals started there, by bringing in over $1.5 billion in assets.

In this episode, Shawn talks about how to increase your deal flow while staying competitive. He shares how he does his underwriting to stay conservative yet competitive to win deals. Shawn also shares his story of quitting his W-2 to invest in real estate and what he has to give up to get to where he is today. Shawn also talks about how to build your relationship with brokers, so you can find the best opportunities in the market today. Listen in!

[00:01 - 10:01] Introduction

• A preview of the episode
• Welcoming Shawn to the show
• Shawn shares his background
• • Growing up in an entrepreneurial environment
  • Getting into real estate

[10:02 - 20:05] What It Actually Takes to be Financially Free

• Shawn on quitting his W-2 for real estate investing
• The importance of having a mentor in the industry
• Belonging to a mastermind
• What Shawn had to give up to get to where he is now
• • Cash-poor, asset-rich
  • Delayed gratification

[20:06 - 29:12] How to Find the Best Opportunities in Real Estate (Step-by-Step)

• The best source of solid leads for deals
• • Good old broker relationships
• How Shawn was able to find great opportunities early in his real estate career
• • Pick your market (2-3 if possible)
  • Do your research
  • Generate a list of brokers
  • Building relationships with brokers

[29:13 - 43:43] Why NOW is the Best Time to Buy Real Estate

• Why is now the best time to buy real estate?
• • Low-interest rates
  • The inflation factor
• Multifamily's resilience
• Shawn's thoughts on the evolving real estate market
• • Technological advancements
• Find a mentor who's doing business now

[43:44 - 51:00] Increasing Deal Flow While Being Competitive

• How to keep your underwriting conservative yet competitive
• Bring in your lender early
• Be flexible and tactical
• Be creative on terms

[51:01 - 55:28] The Pod Decks Segment

• What have you given up on that you wish you never had?
• Would you rather explore a new planet or the depths of the ocean?

[55:29 - 01:05:21] The Core Four

• What is your favorite real estate-related book?
• • Am I Being Too Subtle? by Sam Zell (link below)
• What do you think your unique skill is that helped you become successful?
• • Being relentless and resourceful
• Tell me something that's true about real estate that almost nobody agrees with you on
• • On inflation
• What one piece of advice would you give the listeners wanting to succeed in real estate investing?
• • Don't do it alone
• Connect with Shawn!
• A summary of the episode
• Closing words

Key Quotes:

"I think it hits their ego, some people, when they reach out to a mentor, but I think you're foolish not to reach out to someone who's done it before, who can show you the ropes and hopefully help you jump over some of the hurdles they faced, and that's what I did." - Shawn Winslow

"Are you willing to give up some things and live a tougher life now, so you can live a great life in the future? That's kind of the decision I made." - Shawn Winslow

"Make sure [that] when you look for a mentor, if you're looking for one, that they're actually doing business now, not one that was in the game two or three years ago, because the game is completely different. You want to learn from someone who's doing deals now, and who's gonna continue to do deals. Because things change, and they change fast." - Shawn Winslow

"The mind is a powerful thing. You just got to set it on the right path and you can do what you set your mind to." - Shawn Winslow

Resources Mentioned:

• Am I Being Too Subtle? by Sam Zell

Connect with Shawn on Instagram and LinkedIn!

Text DEAL FLOW to 415-528-7403 for a free PDF on increasing your deal flow!

Check out Greenbriar Capital Group: https://www.greenbriarcg.com/

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.

LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.

Listen to our previous episodes here

Welcome back to the Creative Capital Podcast with Josh Ferrari! This No-Limit Minute Segment is Part 3 of a multi-part series about buying your first multifamily deal. I am going to take you through the step-by-step process of acquiring your first multifamily deal and share all the things you need to know before starting your journey. In this episode, I am going to talk about everything you need to know about preparing your PSA. I will share all the things you should include in the document, as well as what you have to remember when negotiating the PSA. Listen in!

[00:01 - 14:41] What to Include in Your PSA

• Bank deposits
• Tenant estoppel letters
• Credits for non-rent-ready units
• Website, social media, and phone numbers
• Force Majeure clause
• Occupancy and collections
• Add some extra days
• Due diligence from the LOI

[14:42 - 38:59] Negotiating Your PSA

• Ask your lender about timelines
• What to uncover during the early access period
• Get as many vendors involved as possible
• Building an investment summary
• Repurpose any videos made by the broker for investors
• Determine GP splits sooner rather than later
• Set up an investor portal
• Get the lender insurance requirements and send them to the insurance broker
• Meet with the property management company
• On raising capital
• Letter to the seller

Key Quotes:

"I like having a unanimous decision from the GP team to press forward with purchasing an asset. … we like to make sure that we're all on the same page, that we've all read the same documentation, [that] we have the same comprehension, and we've all fully believe that the asset will perform to what we think it will. That's how we're moving forward with the purchase on it." - Josh Ferrari

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

You can also email me at [email protected]

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.

LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.

Listen to our previous episodes here