Gelt Inc. Real Estate Gurus Houston #4

When conducting due diligence we make sure to set up as many meetings with as many professionals as possible. We do not want to have any surprises after purchasing the property. I have heard stories of people that have purchased properties that had all kinds of hidden issues that they did not uncover when doing their due diligence.

I've heard horror stories of people buying buildings that were thousands of square feet smaller than what they were reported as being! Also, I've heard stories where properties required a lot more work on them than the seller was representing.

We will have our work cut out for us with this property, no doubt about it. We will review tomorrow the results of our first two bids on the rehab work from the contractors. We are eagerly waiting to see the numbers and go through with a fine tooth comb each and every line item.

This week Adrian was in Israel on a delegation of prominent business leaders from the States. Adrian got the opportunity to meet the President of Israel along with other key leaders in Israel. Also, Adrian spent a lot of time with the Governor of Texas, Governor Perry. Gelt Inc's goal is to acquire a portfolio of anywhere from 5,000-10,000 units in the state of Texas.

Category:

Education

Tags:

• Houston
• Texas
• reo
• apartments
• investing
• real estate
• multifamily

[eljunkman]

well done! thanks for sharing...where are the after videos?