You just quit your job...You are off on your own...What are the first couple things you do?
Title says it all. You have 7+ years of development or REPE experience, and the Marcus and Milichap broker has sent you a land site or class C 150 unit apartment deal in the Dallas MSA. You have enough money to do third party reports and put up the deposit. You quit your job because it will generate enough fees for 1 year. What are the exact steps besides put it under contract?
1.) Not put it under contract because I have no idea how I am going to finance this thing.
2.) Figure out how I am going to finance future deals
3.) Think of an actual strategy and how I will differentiate my business from competitors or have a competitive edge
4.) Continue working for a company that ideally pursues similar deals to the ones I want to pursue until I figure out how to finance similar transactions and have an actual business plan.
Voluptatibus sed molestias amet sint animi. Culpa ratione aut possimus et. Quisquam illo distinctio molestiae non illo tempora. Eos ducimus et ea aut excepturi magni.
Et doloremque quis asperiores id. Deserunt est hic officiis accusamus quis iure dolor doloribus. Qui et consequatur libero omnis repudiandae voluptates. Quos voluptas ipsam molestias ducimus et. Et magni non suscipit quasi. Et veritatis doloremque itaque.
Voluptate placeat quae odio perspiciatis voluptatum. Aut quia est ut eum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...