What are the best ways to manage risks associated with property acquisitions and sales?

Research Research Research And know your numbers Do the due diligence Make the effort - it will save you a packet if the asset is wrong for you; it will mitigate the purchase decision if the asset is right for you

- Underwrite deals based on fact, not emotion. - Know your market better than anyone else. - Have the right team in place to execute. - Find value in places others aren’t looking.

Boots on the ground can sometimes be the best way to understand your competitors and understand supply/demand at play in a given market.

Thorough due diligence- file audits (paper or digital) especially with upcoming NTVs. Facilities management and CM assessing capital items that will be necessary.

Thorough due diligence work You will reap what you sow. If you slack on due diligence it will delay the transaction and can lead to unwanted surprises post transaction.

Be sure to look for trends - most frequent service requests over time and volume in various service request categories, most frequently reported incidents occurring on site, common complaints mentioned in reviews - Anything that may identify an area requiring additional attention.

Don’t forget to check that the power and water are on for your inspections. It can be very frustrating for all parties if the inspection needs to be rescheduled. You will also need to adjust all of your transaction timelines if this happens.

Visitar el activo es fundamental previo a su adquisición, la inspección ocular resulta útil para conocer su situación posesorio y estado ocupacional. En el ámbito inversor, la realidad física puede ayudarnos a decidirnos, así como conversar con el vecindario y conocer el enclave en el que se encuentra ubicado. En el caso de compra de activos en los que se desconoce su realidad ocupacional y ello rebaja su precio de compra, una breve visita puede ayudarnos a despejar dudas e incluso una negociación previa con los ocupantes puede orientar la fecha en el que el activo quedará libre para una reventa.

Evitaremos problemas futuros derivados de no haber revisado algún aspecto clave sobre la propiedad: - Propiedad de vivienda -Deudas de vivienda / embarcos -Estado -Certificado eficiencia -Inspección técnica edificios - Evicciones - Futuras derramas

L’inspection est incontournable si l’acheteur ne souhaite pas des surprises comme des vices cachés. Il est important de prendre le temps de faire le tour de l’intégralité du bien(de la cave aux combles) , que consulter les diagnostics, de demander aux vendeurs l’ensemble des informations (derniers travaux , consommation,…). Effectués une contre-visite avec un professionnel du batiment.

If getting a loan make sure you have enough time as lenders are more closely scrutinizing new loans today. 60 days may work but ask the lenders you might use before agreeing to time lines in an LOI or PSA.

Don’t be afraid to let a bad deal go. If you’ve done your research, and know the price that you need to make money, don’t chase a seller trying to get more. If the deal is not meant to be, let it go.

Tantear a las distintas entidades financieras y seleccionar únicamente aquellas que ofrezcan los mejores tipos de interés. Fijarse bien en los productos vinculados ya que aumentan el precio y en ocasiones es preferible firmar por un tipo de interés fijo algo más elevado y no contratar productos vinculados como seguros de vida, hogar etc

Ma philosophie est très simple je pars du principe qu un bon prix d achat est un excellent prix de vente ce qui implique que sur le plan business il faut avoir en tête et en permanence un esprit instinctif afin de déterminer au mieux le bon prix

My perspective on this is that, when it comes to negotiation, it will save an individual more money to hire an expert to handle the process. By experts, I mean property lawyers or seasoned brokers. Before you can agree to sign any contracts, you first have to understand the terms clearly so as not to shoot yourself in the foot later on.

Nommez ou responsabilisez un conseil qui veillera au bon déroulé. Ce type d'opération requiert des compétences et des expertises

Tout ceci n’est pas le r?le de l’acheteur. Imaginez vous que vous êtes super occupé ou que vous êtes hors du pays. Comment vous gérez tout ?a ? Comme je ne cesse de le redire dans mes réponses précédentes, pour faire une acquisition prenez-vous un agent. Lorsque vous avez un problème de santé vous n’avez qu’à aller chez un médecin mais pas en faculté de médecine.

Professional Guidance: Seek advice from experienced real estate professionals, including real estate agents, brokers, attorneys, and financial advisors. Their expertise can help identify and mitigate risks throughout the acquisition or sale process.

It is so important to know your timelines and deadlines for each step of the process. My team maps all of this out on a google sheet and then the important milestone dates are added to our task management system.

You can decide to use the property yourself, or rent it out. If you own several properties, you should consider delegating their management to a third party. The third party will ensure that the necessary measures are taken at all times. In the event of delegation to a third party, the tax authorities should consider the fact that renting is not a professional activity - just like having your private banker manage a securities account.

Make sure to have the proper technology/software to help you manage all of this, it will save you time/money at the end of the year.

If you are an individual, the best and easiest way to do this is to hire a property management company to oversee the proper management of the property acquired. You may also choose to shoulder the responsibility; however, it saves more time and energy to leave the task in the hands of professionals.

Maintaining your property starts from within the office to the maintenance team onsite. Advocating not just for your staff but the property , ownership and residents is a HUGE role a manager plays. Obtaining the knowledge on how to properly run an asset is crucial and vital , its managing and controlling expenses, making smart but inexpensive repairs , investing in renovations that truly count. List goes on.

As the owner, it’s not just enough to maintain the physical plant and associated equipment. It is also wise and practical to get another prospective regarding the life of the property mechanicals, structure, roofs, windows, roads, parking lots etc. It is an excellent idea and investment to obtain a Reserve Study. This will help you to know what life is left on these critical items, it also provides a dollar value for replacement and informs as to how much money to save each year so that when the time come to replace these items at or before the end of their life expectancy you will have the funds in the bank.

### Selling Property: 1. **Price Appropriately:** Determine the property's value to avoid overpricing or underpricing. 2. **Sale Prep:** Address issues like title, environment and property management before selling.

In case you decide to sell the property, consider tax on capital gain ??. Normally such taxes are levied in the state of localisation of the real estate. Nevertheless based on certain double tax treaties in order to prevent or avoid double taxation the State of residency can take into consideration the tax levied abroad and deduct such taxation from the tax levied in the residence Country. Take into consideration others specific rules. For instance, preferencial right for a tenant (like in Brussels since January 1st, 2024) or for the Farmer.

### Buying Property: 1. **Check Property Details:** Gauge the property's condition, legality, environment factors and financial health. 2. **Title Insurance:** Get title insurance to cover against legal issues. 3. **Understand Finances:** Analyse property's income, costs and financial health. 4. **Legal Check:** Have legal team review all contracts and agreements. 5. **Market Analysis:** Understand current and future market trends. 6. **Risk Management:** Assign risks and liabilities in the purchase agreements. 7. **Backup Plan:** Have an alternative strategy for unexpected hurdles.

Buying: Be sure to inspect the existing lease agreements and resident profiles. What happens too often is that once a property is acquired, you come to find that the previous owner let anyone with a pulse in. All in the name of high occupancy numbers to showcase. Subpar credit scores, bad rent-to-income (even those aren't always the best predictors of a good renter) and come 3-6 months after acquisition you have a deluge of skips and evictions. Selling: Provide a packet or analysis of your resident profiles. Showcase how you maintained strong screening criteria and stand behind the risk profile for the residents at the property.

Obtain proper insurance: Protect yourself and your investment by obtaining appropriate insurance coverage. This can include property insurance, liability insurance, and title insurance. Insurance can help mitigate financial risks associated with property damage, accidents, or title disputes.