{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Ask Mark Anything \u2014 Partner Not Doing Their Job, Deals Not Penciling, KP Risk & Losing Your Earnest Money","description":"What happens when your partner stops pulling their weight? Are you doing something wrong if deals keep not penciling? What do you actually risk as a KP? And if you can\u2019t close, can you lose your entire earnest money deposit? In this Ask Mark Anything episode, Mark Kenney gives direct, experience-based answers to four of the highest-stakes questions in multifamily investing. In this episode you will learn: \u2022 Why almost every partnership has one person doing more work than the other \u2014 and what your documents must allow upfront to take action \u2022 Why removing a partner who is also a KP requires lender approval \u2014 and what that means for your options \u2022 Why analyzing 128 deals and submitting 4 offers is probably the real problem \u2014 not the market \u2022 What being a KP actually requires: net worth, liquidity, experience, and the difference between recourse and non-recourse risk \u2022 What a lender can demand when you miss your debt coverage ratio \u2014 and why lender relationships change what actually happens \u2022 Why earnest money is almost always lost if you can\u2019t close \u2014 and the mistake of sending it directly to a seller\u2019s personal account Join us at our next event at https:\/\/thinkmultifamily.com\/event Subscribe to the Think Multifamily Podcast on Apple Podcasts and Spotify.   Read the full podcast shownotes, timestamps, resources, and key insights from this episode here: Podcast Show Notes ","author_name":"Think Multifamily Podcast","author_url":"https:\/\/thinkmultifamily.com","html":"