Скачать или смотреть Two Simple Tips to AVOID a Commercial Foreclosure!

In this video, I’m going to give you two simple things you need to do to avoid a foreclosure on your commercial property. The fastest way to get into trouble on a value add commercial property is to run out of money. If
you run out of money, you can’t complete your projects, if you can’t complete your projects, you might not be able to achieve the occupancy or rent premiums you’re targeting, if you miss those targets you won’t hit your projected returns or even worse it could prevent you from making your mortgage payments.

So, the two simplest ways to avoid this are:
1. Add at least a 10% contingency to your CAPEX UW
2. Review every single expense on the general ledger from your property manager each month

Adding a contingency to your CAPEX UW will protect your budget when vendors change their prices, the prices of materials go up, or when leaks or other issues arise when turning a unit or making repairs.

Reviewing every single expense is crucial to tracking your CAPEX budget. We even go as far as to assign each individual expense to a specific unit and tracking this on a google sheet so we can see exactly just how much we are spending on every single unit and then this serves as a
record if the unit becomes vacant again. It also acts as accounting oversight for your property manager so when you see that two refrigerators were installed in unit 1023, you can question
this expense.

Again, adding a contingency to your CAPEX budget and reviewing every single expense will CYA and ensure you’ll be able to carry out a successful value add business plan and take your deal full cycle.

#returnonimpact #impactinvesting #adventurousrei

-
FREE DOWNLOADS

☑️Active Investor? Download our 215 point acquisition checklist to help you close on your next multifamily syndication: https://adventurousrei.com/checklist

☑️Passive Investor? Download our guide to creating passive income from anywhere in the world: https://adventurousrei.com/guide
-
☑️Learn about a different ROI - Return On Impact: https://adventurousrei.com/resources/...

❤️SUBSCRIBE: http://bit.ly/AREI_YouTube
-
👉Connect across multiple platforms: https://adventurousrei.com/info
👉Podcast about impact investing: https://adventurousrei.com/podcast
Free Real Estate Education Resources:
👉https://adventurousrei.com/resources
👉Website: https://adventurousrei.com/
👉Instagram:   / adventurous.rei  
👉Facebook:   / adventurousrei  
Connect with Suzy on LinkedIn:
👉  / suzysevier  
Connect with Michael on LinkedIn:
👉  / michaelbarnhartrei  
-
Suzy and Michael are the Founders of Adventurous Real Estate Investors. They specialize in a different ROI - Return on Impact. Through real estate investing they create immeasurable impacts; in their family, with their friends, in their community, with the families (residents) they serve, in the spaces where they want to be generous.... everywhere and anywhere!
-
Click here to SUBSCRIBE: http://bit.ly/AREI_YouTube to the channel for more awesome videos!