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Summary:
In this episode, Whitney interviews Chris Jackson, Principal and Managing Partner, Sharpline Equity. Chris shares the importance of doing your due diligence before syndicating a deal, and why a no deal is better than a bad deal. Chris reveals how he recently walked away from an opportunity to acquire a 100 unit property. How did Chris’s investors react to this news? You will learn the various nuances of analyzing a deal. This show is peppered with some great investing lessons for folks in the syndication business. Tune in to learn!
Time Stamped Show Notes:
- 00:27 – Whitney introduces Chris Jackson to listeners
- 00:55 – Chris shares some interesting details about this company
- 02:30 – Learn why Chris walked away from a huge syndicated deal after conducting due diligence
- 06:30 – How did investors react to Chris walking away?
- 07:52 – What lessons did Chris learn after his 100 unit deal fell through?
- 09:48 – What is a loss run report? What should you ask for one before finalizing a deal?
- 11:48 – Chris was worried about using a bridge loan on the deal
- 13:53 – What is a bridge loan? What is the purpose of using one?
- 15:44 – Communicating and maintaining relationships with investors
- 17:52 – What is the most difficult part of real estate syndication?
- 21:47 – A HACK that is helping Chris greatly improve his business
- 24:05 – Chris shares his contact information
- 24:39 – A special thanks to our sponsor, Life Bridge Capital
In this episode, you will learn:
- How to conduct due diligence on a syndication deal
- Why a bad deal is worse than a no deal
- What is a bridge loan, and when should you use one?
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