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Updated about 8 years ago on . Most recent reply

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Jacob Tynes
  • Birmingham, AL
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Preparation Materials - Buying Our First Property

Jacob Tynes
  • Birmingham, AL
Posted

Hello BP Community! My business partner and I have recently made strides to get systems, marketing materials, processes in place to achieve success upon purchasing our first multi-family property.  We are targeting non institutional owned properties that are distressed and have value add opportunities.  We already have a direct mailer made, soon to be logo, credibility book one pager (excluding investment highlights, cause we don't have any yet), 3 underwriting modules, leads from ListSource that our in our budget and a business plan powerpoint.  We plan to purchase our first property in Q2 of 2017, but in the meantime I am struggling to think of anything that we need to prepare to set ourselves up for success.  I was thinking along the lines of building a due diligence check list, but I feel like there is more that we need to be working on.  

Anything come to mind that we should be working on?

I heard on one of the podcasts that I recently listened that there was a deal pipeline software that was good at keeping everything organized.  Does anyone have any recommendations or the name of that software?

Thanks Guys!

Jacob

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