Apr 09 2020 22 mins 2
Bruce Wuollet joins Jerome Myers on the Myers Methods Presents Multifamily Missteps Podcast to discuss Bakerson's missteps on properties in Arizona. We learn the risk associated with properties that have chiller systems. Bruce shares how they negotiated a $250,000 credit and how a strong economy made up for some of their challenges. He also takes us through a discussion on the "valley of death" which is when you are writing checks to pay your mortgage and other obligations associated with the property Bruce believes that you have to be a rock in uncertain times and you shouldn't let the winds of change push you around. In this weeks show we learn about: - capital calls - dilution of equity - what happens when your property can't pay the mortgage and other bills - how a strong market can save you from unexpected challenges If you are interested in getting more multifamily investing education go to www.myersmethods.com Say hi to Jerome Say hi to Bruce Support the show (https://www.facebook.com/groups/157335752156211/)
