Oct 19, 2021
Welcome back to the Creative Capital Podcast with Josh Ferrari! This No-Limit Minute Segment is Part 1 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, we will talk about underwriting the property, walking the property, location analysis, and reviewing service contracts. I am also going to talk about the importance of creativity in underwriting and building relationships with brokers. Listen in!
[00:01 - 05:54] Underwrite the Property
[05:55 - 08:43] Walk the Property
[08:44 - 10:20] Location Analysis
[10:21 - 17:42] Review All the Service Contracts
Key Quotes:
“What do I need to do to make this deal work? At the end of the day, that's going to come down to creativity and really deciphering what is going to not only work for you but also how you're going to best effectively manage the asset.” - Josh Ferrari
“If you're not a local, make yourself set apart so that [the brokers] will take you seriously. They will put you on a different level than all of the other Joe Schmoes that are calling them all the time asking for the exact same thing because you took that extra step or the extra steps to be known and to be serious.” - Josh Ferrari
You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube
You can also email me at Joshferrari901@gmail.com
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