Creative Capital Podcast 119: Buying Your First Multifamily Deal: Part 6

<p><span style="font-weight: 400;">This No-Limit Minute Segment is Part 6 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 am going to talk about entity creation and the capital-raising process. For entity creation, I am going to cover everything that you will need to remember before creating your LLC, from filling out documents to asking questions. For capital-raising, I will share the steps I recommend you to take to make capital-raising more efficient and successful. Listen in!</span></p> <p><br /> <br /></p> <p><strong>[00:01 - 20:01] Entity Creation</strong></p> <p> </p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Ensure that you’re using full names in legal documents</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Review the legal documents early and often</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Ask more specific questions on timelines</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Review members of the GP on the operating agreement</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Ask what extras will need to be paid for</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Fill out the LLC operating agreement table of members immediately</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Ensure that the lender’s attorney is okay with the investment and management operating agreement</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">On drafting a resolution</span></li> </ul> <p> </p> <p><strong>[20:02 - 40:45] Capital-Raising Process</strong></p> <p> </p> <ul> <li style="font-weight: