Questions to Prepare When Dealing an Apartment Building in Los Suenos Costa Rica
When starting out, I would suggest that buy and hold investors look at deals that are smaller, as I did. It’s also a method to establish a track record as a successful investor and landlord. You may be able to do deals of this size with your cash or with private loans through the buy-renovate-rent-refinance-repeat system (BRRRR). You may need to increase investors to come into the deal with you, once you grow into apartment buildings.
I have found that investors commonly have the same three questions and have raised money for seven deals to date. They may ask them in different ways, but most investors ask the same essential questions, and the very first two don’t have to do with return on investment or the deal itself.
1. Can I trust you?
This question typically gets worded otherwise than that, also it might seem like “what’s your track record ” or “ can I discuss to some of your past investors or references.”
2. How will my money be protected?
For an apartment building where the investor will get possession of the building with you, it’s a little more complex, especially with Los Suenos, Costa Rica real estate Be prepared to spell out the thing structure as well as the way they’re attached to the investment through their possession of the LLC or LP.
3. When will I get my cash back?
It’s at this point that you just get to begin referring to the actual deal, but the focal point should be return and the exit strategy of investor capital. You can also talk about fiscal yields because if you did a great job on questions one and two, the investor will have enough self-confidence to make their final decision.