Bryan Chavis
Forum Replies Created
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deals look interesting…do you have a management plan for these proposed projects, so that way me get a look at how you will achieve those proforma numbers?
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Sorry we missed you on Thursday’s conference call. I addressed your question and great detail. Miss Karin has also provided an answer for you as well, I’ve also thought in great detail about the question you had, and I actually wrote a story or parable that I hope Will help you understand the importance of reporting. You’ll find the story posted on the activity page.
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Yeah, if you’re a current operator and you’re looking to weather the storm, you can work with your local bank and try and restructure the loan. Before you approach your bank, you will need to make sure the asset is currently stabilized that typically can take at least 90 days. Depending on how detail the stabilization. The problem with, this approach is the bank may not be willing to work the loan out, especially with smaller operators. As banks themselves are in trouble and have to fish or cut bait. As far as Investors with dry powder, they’re going to smell blood in the water and feast on assets that find themselves in this predicament and look to acquire them at a discount.
-Bryan -
Great, thanks for submitting this deal! we will take a look and if interested we will contact you. Please keep sending deals!!! We look forward to getting a deal done with you!
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Great call last night, I would like to thank our member Jason P. for sharing about the challenges he is facing while developing his teams management systems! Thanks for willing to share Jason!
Last night I spoke about the process of developing the necessary habits to become a successful multifamily operator. The Key takeaways are: develop the frame work, starting with first establishing the management plan, then developing your dash-board Reports,” weekly, monthly, annually” followed up by creating your action list items, sometimes known as “action dashboard” this action dashboard will consist of all the items you have identified via your reports as issues that the property and team are facing, that need to be addressed. Finally those items will be addressed in your morning meetings that you establish. I recommend having these meeting, in person or via zoom on a reoccurring schedule.
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looking forward to listing…
thanks Larry
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Yes, amongst a few other things, mainly your source of capital your ability to repay the loans and your ability to operate the project