As we embark on the second episode with our guest Ray Hightower, get ready to delve deeper into the evaluation of property managers, highlighting the importance of asking targeted questions to uncover potential issues and opportunities. He shared his experiences with on-site managers to assess occupancy and identify improvements. Mike, our host, reinforced the value of transparency from property managers and the insights gained from on-site maintenance personnel.
The conversation then shifted to commercial real estate brokers, where Ray, leveraging his experience as both the broker and investor, explained the brokers' fiduciary duty to sellers and how their focus can change once a deal is underway. He noted the varying professionalism of brokers across states. They also addressed passive investors in syndications, with Ray advising them to network with multiple syndicators, understand underwriting, and evaluate a syndicator's track record and team experience.
What you’ll learn from this episode:
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The importance of building relationships in investment ventures.
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The differences between 506 B and 506 C deals regarding investor relationships and advertising.
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The importance of asking key questions to understand the property's potential issues and opportunities.Recognizing local market conditions and diversifying into specialized areas
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The importance of brokers in facilitating transactions, interacting with various professionals, and ensuring deals are completed.
- The importance of interacting with on-site maintenance personnel to gain a deeper understanding of the property's needs and potential issues.
About Raymond "Ray" Hightower
Raymond T. Hightower is a commercial real estate investor and tech company founder operating in the State of Arizona, USA. Hightower started and ran his technology company for over two decades before selling the company and launching Bridgetown Partners. Bridgetown/ROIClear buys commercial real estate in Arizona, Tennessee, and Texas, focusing on 50- to 150-unit multifamily properties. The company also produces the ROIClear Podcast, a video podcast for business leaders.
Connect with Ray
What to anticipate soon, stay tuned!
- Facebook Live: "Ask Me Anything" an interactive 30-minute question and answer session on a weekend morning coffee
- The Fortress Capital Investors Club Launch
Connect with us
If you’re a busy professional who wants to know more about growing your wealth through real estate, contact us at welcome@thefortresscapital.com | TheFortressCapital.com
- Website: Surgeon Syndicate
- LinkedIn: Michael McManus
- Instagram: @michaelmcmanusp
- Facebook: Michael McManus
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