Dylan Marma and Mike Taravella interviews Omar Khan who is responsible for Multifamily Acquisitions for Boardwalk Wealth. 

Buy Right so you don’t have a property that you can’t exit Chances for having a more favorable increase: If you are in a bigger, more liquid market Execute true value-adds, instead of having the market driving Leave some value-adds for the next seller Class C properties are trading for the same cap rates as Class B The biggest risk investors are facing is that sponsors aren’t raising enough money Leave 6-9 months of cash flow personally and in your business You’re never a forced seller when times are good Investors must trust you and believe in the story of the deal, not just the numbers Ask specific questions to sponsors to see their thought processes Accounting & Finance team members live and die by the income statement Don’t be fearful to ask questions  Reassess your underwriting assumptions by comparing with actuals Expert Tip: Have the patience and reserves as a sponsor to get paid. Sponsors generally get paid on the sale of the deal and it takes several years to do so.

Quote14:48 -15:11

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