Why Was Closing This Deal SO Complicated?! | Ep. 231


Manage episode 332834616 series 2859831
By Anthony Vicino and Dan Krueger, Anthony Vicino, and Dan Krueger. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

We have some exciting news! We just closed on another property! This episode was recorded last week, a few days before we officially closed on this deal. And now that we're allowed to talk about it... WHY WAS IT SO COMPLICATED?!

Dan and Anthony break down the difference between a Joint Venture (JV) structure and Tennant In Common (TIC) structure, and how they compare. While TIC structured deals are not new to us, there's typically only one 1031 exchange partner... what happens when there are two?

Find out on this week's episode of Multifamily Investing Made Simple.

Tweetable Quotes:

"I think generally you can tell when a partnership's not gonna work out, whether that's with the bank or just another general partner, when they're not really trying to problem solve and find the solution." – Anthony Vicino

"Yes, the bank's a big partner in there, but what you really need is a good attorney on your end to make sure that your butt's covered." – Dan Krueger

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277 episodes