TMF #154: Deal Analysis Decoded: Insider Coaching Tips for Multifamily Investments with Mark Kenney
Hello and welcome to another episode of the Think Multifamily podcast, where we break down the complexities of multifamily investing. Today, we have a special treat for our listeners. We’re joined by the master of multifamily himself, Mark Kenney, who will be providing us with exclusive insights into the benefits of coaching with Think Multifamily.
Have you ever wondered what happens when a Think Multifamily coaching client submits a multifamily deal for review?
Today, you get a sneak peek into that process. Mark will be discussing the crucial things he looks for in the deal analysis before making suggestions to the client about the acquisition.
He’ll discuss factors like the property’s year, class, occupancy, and location to get a holistic view of the property. He’ll evaluate the asking price and dig into CapEx – the money that will be spent on the property and how it’s allocated between interior and exterior improvements.
Mark will walk us through the timeframe of the proposed rehab and the rent plan – is there potential to increase rents? He’ll evaluate unit size because if units are too small, securing a loan could be challenging.
He’ll also dive into the intricate details of loan information. He’ll explore closing costs with different types of loans – conventional, bridge loan – and discuss the variations that come with different loan types. He’ll examine other potential fees and the provision for working capital.
In addition, Mark will delve into T12 analysis, looking at factors like property taxes, insurance, industry standards, and utilities. Finally, he’ll discuss how the member is structuring the deal and the splits between the general partner team and the passive investors.
Join us as we take a deep dive into the multifaceted world of deal analysis with Mark Kenney. This episode promises a wealth of knowledge for everyone, whether you’re a seasoned investor or a newbie looking to break into the world of multifamily investing.
So stay tuned, Think Multifamily listeners. You won’t want to miss this!
Let’s listen in now.
