Income Producing Properties ÃÂ- Basics & Due Diligence
Income Producing Properties ÃÂ- Basics & Due Diligence 1. Basics ÃÂQuality Location ÃÂQuality Tenants ÃÂQuality Building ÃÂInvestment Quality 2. Acquisition Steps A. Back of Envelope and Rules of Thumb ÃÂCAP Rate ÃÂPrice per Square Foot ÃÂRent per Square Foot ÃÂ% Occupancy ÃÂType of Occupancy ÃÂQuality of Location ÃÂQuality of Tenants ÃÂQuality of Building ÃÂAvailability of Professional Management B. Neighborhood ÃÂDrive Through ÃÂDemographics ÃÂCrime, School and other stats C. Rent Roll D. Income and Expense Statements ÃÂ3 Years Historic ÃÂProForma E. Letter of Intent F. Purchase Agreement G. Due Diligence ÃÂCertified Financials ÃÂÃÂ"AuditÃÂ" of Financials & Rent Roll ÃÂAppraisal ÃÂEPA 1 & 2 ÃÂWetlands Delineation ÃÂAsbestos ÃÂMarket Study ÃÂ- rents ÃÂMarket Study ÃÂ- sales ÃÂReal Estate Tax Review ÃÂPhysical Review ÃÂ- all units, all systems, experts, roof, HVAC, parking lot, structural, plumbing, obsolescence, deferred maintenance, ÃÂCapital Improvement Budget H. Updated ProForma I. Loan Application ÃÂAmount ÃÂRate ÃÂAmortization and Term ÃÂPayment ÃÂRestrictions ÃÂReserve Requirements ÃÂDefault Covenants ÃÂPersonal Guarantee J. Loan Approval K. Purchase Renegotiation if Required L. Entity Formation M. Capital Raise N. Closing ÃÂTraditional ÃÂTransfer to new entity & purchase entity O. Post Closing ÃÂIntroductory Letter ÃÂProperty Management
Starts
3/16/2010 @ 6:30
Ends
3/16/2010
Location
Postal code 44094, US
4057 Erie Street
Willoughby, OH 44094
Income Producing Properties ÃÂ- Basics & Due Diligence 1. Basics ÃÂQuality Location ÃÂQuality Tenants ÃÂQuality Building ÃÂInvestment Quality 2. Acquisition Steps A. Back of Envelope and Rules of Thumb ÃÂCAP Rate ÃÂPrice per Square Foot ÃÂRent per Square Foot ÃÂ% Occupancy ÃÂType of Occupancy ÃÂQuality of Location ÃÂQuality of Tenants ÃÂQuality of Building ÃÂAvailability of Professional Management B. Neighborhood ÃÂDrive Through ÃÂDemographics ÃÂCrime, School and other stats C. Rent Roll D. Income and Expense Statements ÃÂ3 Years Historic ÃÂProForma E. Letter of Intent F. Purchase Agreement G. Due Diligence ÃÂCertified Financials ÃÂÃÂ"AuditÃÂ" of Financials & Rent Roll ÃÂAppraisal ÃÂEPA 1 & 2 ÃÂWetlands Delineation ÃÂAsbestos ÃÂMarket Study ÃÂ- rents ÃÂMarket Study ÃÂ- sales ÃÂReal Estate Tax Review ÃÂPhysical Review ÃÂ- all units, all systems, experts, roof, HVAC, parking lot, structural, plumbing, obsolescence, deferred maintenance, ÃÂCapital Improvement Budget H. Updated ProForma I. Loan Application ÃÂAmount ÃÂRate ÃÂAmortization and Term ÃÂPayment ÃÂRestrictions ÃÂReserve Requirements ÃÂDefault Covenants ÃÂPersonal Guarantee J. Loan Approval K. Purchase Renegotiation if Required L. Entity Formation M. Capital Raise N. Closing ÃÂTraditional ÃÂTransfer to new entity & purchase entity O. Post Closing ÃÂIntroductory Letter ÃÂProperty Management