Insider Secrets 43 with Amy Wan

<p><strong>Standout Quotes:</strong></p> <p><span style="font-weight: 400;">What matters most in your life? - Mike</span></p> <p><span style="font-weight: 400;">Sometimes people don't want to hear legal mumbo-jumbo, they just want to know 'what are the risks of proceeding forward?  - Amy</span></p> <p><span style="font-weight: 400;">I think in Real Estate, you can't know your numbers - Amy</span></p> <p><span style="font-weight: 400;">No two deals are ever the same - Mike</span></p> <p><span style="font-weight: 400;">Always be Networking - Amy</span></p> <p><span style="font-weight: 400;">The reason why people are more valuable as time goes on is that they know more people, they've seen more things - Amy</span></p> <p><span style="font-weight: 400;">People primarily invest in 2 things; one is the property that's being underwritten and two is the sponsor - Amy</span></p> <p><strong>Key Takeaways:</strong></p> <p><span style="font-weight: 400;">Amy describes herself and her drive in one word, Pragmatic.</span></p> <p><span style="font-weight: 400;">PPM means Private Placement Memorandum, it is a risk disclosure document, that depicts all the terms of the deal and all the risks.</span></p> <p><span style="font-weight: 400;">The Subscription Agreement is the agreement that investors sign to subscribe to the deal.</span></p> <p><span style="font-weight: 400;">Amy shares Key questions for new investors to ask an attorney, including finding out about the experience with Real Estate securities transactions, discussing pricing or transactional cost, and confirming if the law firm has a securities writer or securities malpractice insurance specifically for Real Estate Securities.</span></p> <p><span style="font-weight: 400;">What new investors should consider going into the marketplace: Proper documentation, and a clear understanding of the terms of the PPM, especially regarding the equity position in the property after capital is returned to the investor following the refinancing of the property. </span></p> <p><span styl