🚨 Part 2 of our live underwriting walkthrough is here and this is where most first-time buyers get blindsided. 🚨
In our last session, we broke down the offering memorandum and rebuilt the numbers to actually make this RV park deal cash flow. Today, I'm diving into the piece everyone forgets: acquisition costs. I'm showing you exactly what it takes in real dollars to get to the closing table. 💰
Here's what we cover:
📊 The Stack Method - how this double-layer financing structure works, why it can hand you cash reserves at close, and the danger of over-leveraging your park
🔍 CapEx & Initial Reserves - figuring out what repairs need to happen day one vs. what can wait, and building a buffer that actually protects you
💵 The Real Acquisition Cost Breakdown - EMD, inspections, appraisals, attorney fees... the numbers nobody talks about until they're already in escrow
🤑 Why You MUST Pay Yourself - the acquisition fee most new investors skip, and the real story of the "verbal spanking" I got from a mentor for not charging enough
🏦 Closing Costs on a Real Deal - broker fees, title insurance, prorated taxes, and how it all adds up on a $2.7M purchase
If you've ever underwritten a deal and had the numbers "almost" work, this is the episode that shows you what's actually missing. 🔑
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👉 Link in bio for free resources, our buybox criteria, and ways to work with us directly.
#RVParkInvesting #RealEstateInvesting #CommercialRealEstate #Underwriting #PassiveIncome #RealEstateFinance #CashFlow #WealthBuilding #MoneyMindset #RVParks 🏕️💵📈