Creative Capital Podcast 121: Buying Your First Multifamily Deal: Part 7

<p><span style="font-weight: 400;">This No-Limit Minute Segment is Part 7 of a multi-part series about buying your first multifamily deal. I am going to take you through the step-by-step process of acquiring your first multifamily deal and share all the things you need to know before starting your journey. In this episode, I will talk about everything that you need to know about closing the deal, from the signatures you have to gather to sending thank-you tokens to your investors. I will also share all the documents you will need to have and the accounts you will need to set up. This is the last part of our series on buying your first multifamily deal, and after closing the deal, you can now go further in your journey to financial freedom through real estate investing. Listen in!</span></p> <p><br /> <br /></p> <p><strong>[00:01 - 37:06] Closing the Multifamily Deal</strong></p> <p> </p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Re-assignment of the PSA to the new entity set up</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Add consent resolution minutes to the operating agreements</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Send the operating agreements to the title for signatures on closing docs</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Gather invoices for soft costs leading to closing</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Create your first 90-day plan and have a meeting with the property manager to review</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Put together your cash flow spreadsheet</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Check shipping labels</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Total closing costs</span></li> <li style="font-weight