The Real Estate Diversification Podcast
Business:Investing
In this Legacy Series episode of The RED Podcast, Ferd Niemann shares 11 things to consider when evaluating a Real Estate deal. These 11 steps could help you find the perfect deal and makes life that little bit easier when you’re in the negotiation stage. Enjoy!
0:00 – Intro
1:12 – Step 1: Establish the geographic location in which you want to invest
2:56 – Step 2: Evaluate the size of the purchase
3:45 – Step 3: Evaluate the current occupancy, and quality of the park
4:11 – Step 4: Evaluate whether you are getting a fair and reasonable price
7:06 – Step 5: Evaluate infrastructure and utilities
8:32 – Step 6: Evaluate its bankability. Can you get a loan for the park? What is the overall risk?
9:06 – Step 7: Evaluate the market. Get a feel for the housing needs to help you with pricing.
10:18 – Step 8: Evaluate your gut feeling. Change your focus from macro to micro and find out whether you’re going to feel good about the deal
10:51 – Step 9: Begin to a detailed financial analysis on the park.
12:09 – Step 10: Draft a letter of intent. This is an offer to purchase, sets the initial terms of the deal and should be as detailed as possible.
15:20 – Step 11: Draft the contract.
Resources:
Evaluating A MHP Purchase
LOI template for MHP
Ep. 33 | Property Tax Appeals
Ep. 32 | Underwriting Property Taxes
Ep. 31 | 10 Things To Include In Your Zoning Letter
Ep. 30 | Title Commitment and Surveys 101 – Part 2 of 2
Ep. 29 | Title Commitment and Surveys 101 – Part 1 of 2
Ep. 28 | 10 Land Mines to Avoid in Due Diligence
Ep. 27 | 30 Seller Deliverables to Request for Your Due Diligence
Ep. 26 | 30+ Provisions for Effective Purchase & Sale Contracts – Including 4 That Will Save Or Make You Money
Ep. 25 | Underwriting Assumptions for Your P and L and Day 1 Budget
Ep. 23 | Property Tax Incentives
Ep. 22 | Industrial Real Estate
Ep. 21 | Historic Preservation Tax Credits
Ep. 20 | Restaurant Investments
Ep. 19 | Oil & Gas Investing
Ep. 18 | Investing in Farms
Ep. 17 | NNN Leases: What Commercial Real Estate Investors Should Know
Ep. 16 | Retail Development
Ep. 15 | Single Family Residential Development Purchase and Sale Agreements (PSAs)
Ep. 14 | A Deeper Dive into Single-Family Residential Development
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