Hopefully it's not because their underwriter is less than experienced or doesn't know how to read a sophisticated tax return.  

When commercial multifamily is being sold to presumably sophisticated investors, brokers prepare pro-formas, as we all know.

Ok so I'll liven up an older thread, I think it's very relevant to hear the stories of others that are or contemplating going FT into RE.I was never a good employee & had too many ideas so I started a machinery manufacturing co. about 25 yrs ago.

To those of you more sophisticated investors (@Bryan Hancock?)

If its a sophisticated buyer who's realizes the risk, that may be a chance they're willing to take.

Think about how money management works, the most sophisticated hedge fund would only take 20% and a few points for operating expenses.

I have never met a California investor that has done a simultaneous closing with a title co involved in the last 5 years so Will was probably talking about CA.Most of the deals I wholesale are to other sophisticated investors who have MLS access too.

In other words, are the buyers or sellers sophisticated enough to understand the risks of a financial arrangement if it is disclosed or should something be disclosed in the first place.

Our members are sophisticated enough to expose the frauds.

As a result the note buyers, sophisticated or not, are paying more for paper than I am willing to.