Saturday August 19th 2017

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‘Investors Physical Inspection’ Archives

10 Tips on Taking Better Property Photos

Great list of photo tips by John Stepleton's article in MultifamilyInsiders.  I'd add that for outdoor photos take pictures at varying times of day and varying sunlight.  Also, photos of different seasons will prove a useful addition to your  album. _______________ One of the most important elements of your apartment marketing strategy is [...]

Resources for Free Members

Resources for Free Members

I've added a new page with common resources I use for many of my articles, for blog content and more.  Please take the time to take a look and offer any resources you think make sense. Some of the items include: 1) the Census Bureau, 2) several books I rely on, and other information.  These are good tools to add to your investing tool box.

IRREIA is Proud to Sponsor Our New Book Coming Very Soon

IRREIA is Proud to Sponsor Our New Book Coming Very Soon

IRREIA is in the final stages of publishing our first Ebook for our readers and members.  This volume offers over 250 pages of actionable ideas to improve your investing and property management skills and results.  Divided into 7  sections, the  book covers: Developing investors, Investor communications, Reducing operating [...]

New Stuff – Keep an Eye Out for Our New Letter of Intent template

New Stuff – Keep an Eye Out for Our New Letter of Intent template

I've just provided a template for a purchase and sale letter of intent (LOI) on the membership site.  The tool has been used on dozens of transactions and is well vetted.  I think you will find this  a useful item to have in your tool chest. A Letter of Intent is a great tool because the basic business terms can be captured with minimum [...]

Letter of Intent Template

Letter of Intent Template

I've just completed a tried and true letter of intent you can put to good use as you negotiate with sellers.  You may  want to tweek it a bit, but this item gives you the complete item to use. A Letter of Intent (LOI) makes sense to use prior to going to contract.  The LOI gives you the opportunity to agree to terms prior to handing the [...]

Manage Investor Risk (if you are the principal)

Manage Investor Risk (if you are the principal)

Just the other day, a friend of mine called looking for a quick replacement investor.  Her committed investor changed terms on her at the very last moment.  The terms demanded 1) came on the closing day, 2) arrived after the seller had signed, 3) were given with my friend already guaranteeing the loan, and 4) would push the project into the red [...]

Identifying a Good Deal

Identifying a Good Deal

Investors are always looking for a good deal.  And, often when they make this statement, our thoughts turn naturally to price.  I think we are well served to look at this a bit differently.  We ought first to identify a good property and then determine if price and terms can be met. How do we do this and what are we looking for? To begin [...]

A Plan to Complete a Successful Residential Investment

A Plan to Complete a Successful Residential Investment

Many investors become put off completing an investment by the details of completing the process.  This week we are adding a page to help prospective investors "Eat the Elephant".  Like the old adage says, the elephant is eaten one bite at a time. To complete an investment, there are some distinct steps to wade through.  Unfortunately, this [...]

Land Intelligence – Save Money, Protect Your Investment

Land Intelligence – Save Money, Protect Your Investment

The right engineering and environmental data can save investors cost and protect their investment.  Land Intelligence provides tools and services to accomplish this.  Today, we posted in the paid member area our newest white paper, "A Case for Land Intelligence".  Join and enjoy this information. To tell more, in the white paper, Gore [...]

The Purchaser’s Property Inspection

The Purchaser’s Property Inspection

Inspecting a property is a non trivial event.  The inspection has to be completed in a manner that thoroughly checks each building, each unit, each subsystem, parking, paving, amenities and grounds. The inspection must note the condition of each item, required repairs, and an expected cost to complete (preferrably provided by internal sources [...]

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