Just yesterday I heard of a HEA for the first time. Is this something new? When did this come into existence? I am always the last to know-for good reason!

Collective Share

Somebody brought a Kansas City building to Office Hours last night where one unit rents for $695, the others are in the high $800s, and one unit is sitting empty for showings. The question was how you price a deal when the rents the seller hands you do not line up. The short version of Coach Joe's answer is that you still make the offer, and you write down what it is based on. His wording goes right in the email: "Based on the current rents that you supplied, and based on the fact that you said none of the units need renovation, here's my offer." If the rents turn out to be wrong or a unit needs work, you readjust, and the seller has no argument, because you priced it on the numbers they gave you. Where most people go wrong is thinking they have to verify every rent before you are allowed to make an offer. Joe does not trust the seller's numbers either, and he offers anyway, because the verifying happens after the offer is in. He spent about six minutes on it, including what to do with that $695 unit and why his property manager checks the high rents too. That whole breakdown is in the replay, and the replays live in Inner Circle along with the call itself, every Monday at 5pm ET with Joe, where you can put your own deal in front of him. It is $97 a month. https://www.skool.com/the-first-deal-society/plans?src=join

question on the "producing calculator"- we input rent for the whole building or one unit?

I am not able to get into the call or is this something for members of a higher status?