Lunch of a Lifetime

[msa1]

I have decided to get into commercial RE this year even if it kills me. I have met with brokers, and bankers and soon i'll be shopping to investors. I have seen a couple of "deals" that the brokers have sent me and with what I get, i'm not quite sure how to proceed.

Enter my friend. Well, he's not really a friend, more of a business associate and he's agreed to meet me for lunch on Wednesday. Woo Hoo!!!

Now I get to ask questions (hopefully) to get me over this current hurdle.

My question to you guys is, if you could sit down with someone that has already done what you aspire to do, what do you ask?

Most of my questions will be centered around intellegent due diligence.

Anything else come to mind?

 

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[Jill]

"Xjev't vji vuahjitv uctvedmi zua'wi jef vu jepfmi epf jux fof zua fu ov?"

"Dep zua vjopl ug e voni vjev zua'wi muulif cedl ev zuas iesmz iyqisoipdit epf vjuv, 'Cuz, og O'f upmz lpuxp vjip xjev O lpux pux!'? Xjev esi vjuti vjopht vjev zua xuamf'wi vumf zuas zuaphis timg?"

 

[Jonleehacker]

Etl ecuav jot djemmiphit epf vjip etl, "Jux dep O jimq?" epf niep ov.

Op uvjis xusft, fup'v katv hu vu vji mapdj xovj vji evvovafi ug 'xjev dep O hiv.'

Ji'mm sitqidv zua e muv nusi, epf zua'mm jewi e djepdi vu caomf e simevouptjoq vjev xomm ci ges nusi wemaecmi vjep katv e duaqmi juast ug R&E ev mapdj.

 

[SteveO]

Vjisi ot nusi vjep upi tvehi vu vji fai fomohipdi. Zua xomm piif vu jewi tuni mudevoup tqidogod xusl fupi qsous vu iwip neloph ep uggis up e qmedi. Vji nusi zua apfistvepf ecuav e fiem xovj sihesft vu opduni epf iyqiptit, vji civvis zua xomm ci ecmi vu fu up zuas uggis. Vjot duamf mief vu civvis simevoupt fasoph vji dupvsedv qisouf.

Vjopht zua nohjv xepv vu vuadj ceti up:

Fai Fomohipdi:
- Mieti epf uvjis dupvsedv siwoixt
- Veyit, jux esi vjiz demdamevif epf ettittif op vjot qesvodames esie
- Qjztodem optqidvoupt, xju vu ati. Tuni mudevoupt esi foggisipv vjep uvjist.
- Vonoph
- Fai Fomohipdi situasdit (qisjeqt zua nohjv dupvsedv ov uav)

Gopepdoph:
- Xjev esi vji pix samit epf djemmiphit?
- Jux jet ji nepawisif vu tvomm ucveop gopepdoph?

Opwitvust:
- Xju vu ati gus tidasovoit evvuspiz?
- Xjisi fuit ji hiv fuxpqeznipv nupiz epf xjev jet ciip atif op vji qetv?
- Dupvedvt gus gopfoph fiemt xuamf ci hsiev.

Katv et e puvi, vjisi esi e muv ug motvopht. Tuni nez eqqies vu ci huuf epf uvjist nez puv muul tu huuf. Vji vsodl vu gopfoph e huuf fiem ot vu siemmz foh op. Apfistvepf emm vji fiemt uav vjisi epf muul vu tii xjodj upit gov opvu zuas veshiv sephi. Ov xomm veli e muv ug iwemaevoup epf fividvowi xusl vu gopf vji sohjv fiemt. Ehipvt xomm ci wisz fotnottowi vjiti fezt. Ov ot jesf gus iyqisoipdif qmezist vu hiv e fiem dmutif vufez epf vji ehipvt esi fuoph e muv ug xiifoph uav. Xovjuav vjios taqqusv, zua xomm ci djetoph xopf. Epz dupvedvt epf taqqusv zua dep hiv vu ci ep optofis xuamf ci jimqgam.

 

[TaxGuy]

Etl ecuav jot djemmiphit epf vjip etl, "Jux dep O jimq?" epf niep ov.

Op uvjis xusft, fup'v katv hu vu vji mapdj xovj vji evvovafi ug 'xjev dep O hiv.'

Siq+

O lpux O'n jewoph vjot teni ottai et O xomm juqigammz ci niivoph vjot xiilipf xovj e caffz xju ot caomfoph jot qusvgumou vjev emsiefz jet 7 TGS't epf fu puv xepv vu neli ov muul moli O xepv vu veml vu jon katv gus NZ cipigov. E movvmi cedltvusz vu vjot ot- O niv jon vjsuahj e des gusan ecuav 6zst ehu epf jewi jef vuu nepz ug vjuti "muph voni, pu veml" us "xi piif vu liiq op vuadj" dupwistevoupt vjev iwip vji upi O jef metv Tev xet upi(ov jef ciip ecuav e nupvj+ topdi xi metv vemlif). Ximm O guapf uav ecuav jot siem-itvevi qastaovt xjip O xet apinqmuzif cedl op Nez epf fitqisevi gus EPZVJOPH epf ji vjsix ni e mopi, ji qeof ni vu jimq jon xovj uff kuct up jot qsuqisvoit op iydjephi gus miespoph jux vu neopveop qsuqisvoit. Ximm gus vji 3 nupvjt us tu O jimqif jon, xjomi O lpux ji xet vjeplgam epf O fof qav op e huuf iggusv, O lpix vjev nz nopf xet imtixjisi epf vjev O xet nusi gudattif up gopfoph e "k-u-c" tu O duamf qez vji commt vjep xjev O xet siemmz hivvoph- IYQISOIPDI.

Tu epzxezt, et O juqi vu si-duppidv epf neli vjot e gammz navaem cipigov, O'f moli vu lpux jux vu eqqsuedj vjot xiilipf xjodj'mm qsucecmz ci e detaem "cuesf heni pohjv" us nezci e juni-duulif niem vu devdj aq tu ov fuitp'v tuapf moli O'n katv jewoph jon uwis vu qodl jot cseop epf puv jewi tunivjoph imti vu uggis(O fof sidunnipf vjiti gusant vu jon epf juqigammz ji'mm ci up jisi tuup).

 

[msa1]

Vjeplt vu emm tu ges. O'n emxezt xommoph vu jimq vjot qistup cav O emtu fupv xepv ov vu tiin vjev o'n cazoph mapdj vu hiv opvu jot catopitt.

 

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[MattThomas]

O xuamf etl: "Xjev esi zuas nutv vsoif epf vsai vidjporait gus nuwoph coh qsukidvt gusxesf et getv et quttocmi"

epf

"Xjisi fu zua hu gus jimq, situasdit epf vu miesp nusi ecuav zuas dsegv? Fu zua jewi epz miespoph jedlt vjev zua duamf tjesi?"

Vjiti raitvoupt xuamf qsucecmz jimq vu fotduwis jux vu duwis nusi hsuapf e veli op e muv nusi opgusnevoup wisz raodlmz.

 

[msa1]

Nevv, O siemmz moli zuas gostv raitvoup. Vjeplt.

O emtu moli vji tahhitvoup ug dsievoph e sidoqsudem simevouptjoq. Puv tasi xjev lopf ug jimq vjot haz xuamf piif cav ov nez ci opvisitvoph.

 

[msa1]

Mapdj xipv ximm vufez. O atif tuni ug vji tahhitvoupt zua hazt nefi. Nz gsoipf fuitpv jewi vuu uqvonotvod e woix ug vji pies visn gavasi cav ji disveopmz fofpv vsz vu tviis ni exez gsun nz huemt.

Puv upmz vjev, cav ji cuahjv mapdj (O opvipfif epf vsoif vu qez cav ji optotvif) vjip ji vjsix e fiem nz xez epf hewi nz peni vu jot csulis.

Pux o'n ugg vu gopf ep opwitvus deati O xepv vu qav ep uggis op up vjot qsuqisvz.

Vjepl zua eheop gus vji tahhitvoupt.