Income Producing Properties ÂÂ- Basics & Due Diligence


Income Producing Properties ÂÂ- Basics & Due Diligence 1. Basics •Quality Location •Quality Tenants •Quality Building •Investment Quality 2. Acquisition Steps A. Back of Envelope and Rules of Thumb •CAP Rate •Price per Square Foot •Rent per Square Foot •% Occupancy •Type of Occupancy •Quality of Location •Quality of Tenants •Quality of Building •Availability of Professional Management B. Neighborhood •Drive Through •Demographics •Crime, School and other stats C. Rent Roll D. Income and Expense Statements •3 Years Historic •ProForma E. Letter of Intent F. Purchase Agreement G. Due Diligence •Certified Financials •ÂÂ"AuditÂÂ" of Financials & Rent Roll •Appraisal •EPA 1 & 2 •Wetlands Delineation •Asbestos •Market Study ÂÂ- rents •Market Study ÂÂ- sales •Real Estate Tax Review •Physical Review ÂÂ- all units, all systems, experts, roof, HVAC, parking lot, structural, plumbing, obsolescence, deferred maintenance, •Capital Improvement Budget H. Updated ProForma I. Loan Application •Amount •Rate •Amortization and Term •Payment •Restrictions •Reserve Requirements •Default Covenants •Personal Guarantee J. Loan Approval K. Purchase Renegotiation if Required L. Entity Formation M. Capital Raise N. Closing •Traditional •Transfer to new entity & purchase entity O. Post Closing •Introductory Letter •Property 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 ÂÂ- Basics & Due Diligence 1. Basics •Quality Location •Quality Tenants •Quality Building •Investment Quality 2. Acquisition Steps A. Back of Envelope and Rules of Thumb •CAP Rate •Price per Square Foot •Rent per Square Foot •% Occupancy •Type of Occupancy •Quality of Location •Quality of Tenants •Quality of Building •Availability of Professional Management B. Neighborhood •Drive Through •Demographics •Crime, School and other stats C. Rent Roll D. Income and Expense Statements •3 Years Historic •ProForma E. Letter of Intent F. Purchase Agreement G. Due Diligence •Certified Financials •ÂÂ"AuditÂÂ" of Financials & Rent Roll •Appraisal •EPA 1 & 2 •Wetlands Delineation •Asbestos •Market Study ÂÂ- rents •Market Study ÂÂ- sales •Real Estate Tax Review •Physical Review ÂÂ- all units, all systems, experts, roof, HVAC, parking lot, structural, plumbing, obsolescence, deferred maintenance, •Capital Improvement Budget H. Updated ProForma I. Loan Application •Amount •Rate •Amortization and Term •Payment •Restrictions •Reserve Requirements •Default Covenants •Personal Guarantee J. Loan Approval K. Purchase Renegotiation if Required L. Entity Formation M. Capital Raise N. Closing •Traditional •Transfer to new entity & purchase entity O. Post Closing •Introductory Letter •Property Management

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