Episode 25: If the Seller is Withholding Information, Then Who Knows What Else They are Hiding
Have you come across a deal brought to you by a wholesaler, run the numbers, and decided it would not work out because there were too many layers of fees before it got to you? Did you enter into a contract to purchase from a wholesaler and ended up losing out on the deal because the wholesaler did not have an interest in the property? Ryan McEntee shares with us tips for working with wholesalers from the perspective of a wholesaler. He also gives us insight into one of the biggest challenges he has encountered during his transition to multifamily real estate investing.
About Ryan Faircloth:
Ryan Faircloth is a full-time real estate investor that also owns a dumpster rental business called Junk Clean. His company, C.T. Investments specializes in multifamily real estate value-add and real estate development. In this episode, he shares with us his reasoning behind what I would like to call his motto, “If I cannot buy what I am looking for, I am going to build it,” and he also shares with us, a deal he worked on where the seller was not entirely upfront with him and how he ultimately uncovered the truth.
Dion Huey is a Co-founder at Delta Bridge Capital LLC which is a multifamily real estate investment company that invests in value-add apartment communities in the United States. He earned a master's degree in finance at Northeastern University in 2017 and worked on multiple business syndications as a financial analyst for Boston-based Plateau Asset Management which is a private equity search fund that has $30 million AUM. In 2017, Dion was an analyst on a deal team that advised Citic Investment Bank's Hong Kong private equity division on the syndication of a $1.5 billion acquisition of a hotel in New York. He is currently the host of The Multifamily Investor Situation Room Podcast.
In 2010 he co-founded Rocky Mountain Education and Technology Group which is a Beijing-based education services company that has serviced more than 5,000 clients. In his spare time, Dion enjoys reading, martial arts, lifting, and learning foreign languages. Contact the author at email@example.com.