323: You Found a Great Deal. But Can You Actually Close?
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323: You Found a Great Deal. But Can You Actually Close?
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Finding a great multifamily deal is hard. Getting the money together to actually close it? That's a whole other challenge.
In this episode, I get honest about my capital raises, including the ones that fell short and one that completely fell apart. I've heard "find the deal and the money will come" a million times. That has not been my experience.
We talk about why investor interest doesn't always turn into wired funds, what to do when you're short on capital, and the questions you need to ask before putting a property under contract. Bringing in another partner, asking for more time, or changing financing might help. But does the deal still make sense after those changes?
Sometimes you have to give yourself permission to walk away.
If you're looking at deals right now, this episode will help you think through how you're actually going to get them closed.
Download my free Small Axe First Swing deal analyzer at stan.store/buybuildings.
Thanks for listening. Leave a rating or review and share this episode with someone working toward their next deal.