Acquisition phase, maintenance phase, disposition phase (if I'm remembering the terms for the 3 parts of the cycle correctly).If you're early on in career and looking to increase portfolio, should cash out and buy more with relatively high leverage (while being sure to have solid cash reserves on the side of course).If you're middle career and looking to just maintain portfolio and don't need cash flow from properties, then focusing on building equity in existing properties by using cash flow to pay down loans make sense.Then end career dispose of assets and the sweet equity you hopefully built up by selling outright or owner carry or whatever.I personally would cash out and buy more with leverage, but that's someone in acquisition mode bucket talking.

Since then, I've been working with Multifamily due diligences, acquisitions and dispositions for a real estate investment company.

Been listening to the podcasts at work for the last couple months and would finally like to start getting involved on the forums.Currently employed as an Acquisitions/Dispositions Analyst for a private equity firm.

Comprehensive management experience in building and driving high yielding real estate investments and projects, maximizing margin and profitable disposition across multi-use commercial and residential properties and projects.

Blank also recommends a 1-3% acquisition fee and 1-3% disposition fee for the sponsor.

Discounts are applied for defects in the loan as an offset to the risk of disposition and holding the loan.  

I have over 16 years experience doing property management, asset management, acquisitions, dispositions, and development for large companies.

I specialize in the sales and disposition of industrial, retail, creative office and multifamily properties in Los Angeles.

There is also a 0.1% monthly Asset Management Fee, as well as possible Financing Coordination Fees, Property Management Fees, Disposition Fees, Leasing Commission Fees, and Other Operating Expense Reimbursements. 

I service time sensitive acquisitions and dispositions for Asset Portfolio Managers, Groups and Individual Investors, throughout the State of Indiana.