Cash is king rings tru

[Nick Maugeri]

Acquiring three deals this month has been a well fought effort. Two of them financed conventionally at an 85% LTV and one that was acquired with a five year lease option. It has been great underwriting these deals and negotiating them heavily, along with building relationships with the team members you want to pick. Although relationships are one of the most important aspects of REI, cash is certainly second to none. Analyzing incredibly cheap opportunities with huge value add opportunity is super frustrating, I do believe that the fortitude I possess will prevail. I have quite a few high return commercial properties in the pipeline with, now, little cash to close them out. Boy oh boy, they said this would be difficult - but I certainly do enjoy it.