Welcome to the week of short posts

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We got a deal that I think I really like over the weekend.

However, the diligence period is only three days.

There’s an unbelievable amount to cover in these three days:

  • Physical inspections
  • Reviewing leases, estoppels, rent roll, etc.
  • Reviewing the permit records
  • Compiling a construction budget for the rehab
  • Confirming our pro forma rents and expenses

Once the above is done, I need to write a short investment memo setting out our forecast for the building.

(Incidentally, we also just closed on another building and have yet another closing scheduled for Friday.)

So, this is going to be a week of short posts.

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