{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"125 Tips for Cash Flow Part 2 \u2014 Market Selection, Deal Analysis, Drive-Bys, LOIs & Due Diligence","description":"One property tax adjustment turned a 22% IRR into a negative 10%. That\u2019s what happens when you don\u2019t do your homework before you submit an offer. In Part 2 of the 125 Tips series, Mark Kenney covers market selection, deal analysis, drive-by strategy, LOI submission, contracts, and due diligence \u2014 with the real errors and real examples that expose where investors get burned. In this episode you will learn: \u2022 Why city investment in a submarket matters less than developer investment \u2014 and the market characteristics Mark avoids entirely \u2022 The $50M deal red flag: what happens when someone submits with no PM budget, no insurance, no equity, and three other deals open \u2022 How one property tax adjustment flipped a positive 22% IRR to a negative 10% \u2014 without changing anything else \u2022 Cap rates demystified: sub-market vs. in-place T12 vs. adjusted \u2014 and which one you\u2019re actually buying at \u2022 The cash vs. accrual accounting distinction that can shift property value by millions \u2014 and why sellers use one and buyers assume the other \u2022 Drive-by strategy, LOI submission rules, re-trade guidelines, and why Mark\u2019s team drilled the locks on 36 units during due diligence This is Part 2 of a three-part series. Listen to Episode 132 first, then continue with Episode 134. Join us at our next event at https:\/\/thinkmultifamily.com\/event Subscribe to the Think Multifamily Podcast on Apple Podcasts and Spotify.   ","author_name":"Think Multifamily Podcast","author_url":"https:\/\/thinkmultifamily.com","html":"