From Jargon Jungle to Cashflow: Demystifying Purchase & Due Diligence Terminology for Affordable MF

Feeling overwhelmed by the jargon and complex steps of investing in affordable housing multifamily properties? You're not alone. But fear not, Andrea Garcia (@andreagarciarei) is here! With many years of experience in Affordable Housing Multifamily, she helped put together a ‘101 crash course’ to master the Buying and Due Diligence phases like a seasoned pro.In this podcast episode, we'll cover:• Demystify key terms: From LIHTC, REAC, to T12’s and Offering Memorandums (“OM”), we'll break down the vocabulary you need to know to confidently navigate the deal flow.• Master the Buying process: Learn the ins and outs of identifying promising properties, making winning offers, and navigating financing options.• Become a Due Diligence ninja: Uncover hidden challenges, and assess underlying restrictions (i.e., land use restriction agreements) like a hawk• Avoid costly mistakes: We'll expose common pitfalls and equip you with the knowledge to make informed decisions every step of the wayWhether you're a complete beginner or looking to level up your game, this Affordable Housing Multifamily 101 crash course into the terminology associated with the Purchasing and Due Diligence phases is your roadmap to unlocking the potential of this dynamic niche.Ready to build your multifamily empire? Hit that play button and let's dive in!Don't forget to:• Like & subscribe for more impactful real estate content!• Leave a comment below with your biggest questions about affordable housing• Share this video with your fellow aspiring affordable housing advocates!Let's build a community of empowered investors, one affordable housing unit at a time!DM me the word "Affordable" on Instagram @InvestWithKenthe to join our Affordable Housing & Real Estate Investor community!DISCLAIMER - ALL INFORMATION & DETAILS SHARED ARE MEANT TO BE FOR ENTERTAINMENT PURPOSES ONLY. THIS IS NOT LEGAL, FINANCIAL, OR INVESTMENT ADVICE. THIS IS NOT A SOLICITATION FOR ANY INVESTMENTS AND SHOULD NOT BE CONSTRUED AS SUCH IN ANY FORM. All investments have risks. This is not an offer to purchase securities. 00:00 Sample Highlights01:59 Intro09:38 Terminology Cheat Sheet to Crushing Multifamily Deals with TTM, Rent Roll & OM11:45 How NOT to Get Misled by a Overly Optimistic Offering Memorandum14:04 Understanding gov't subsidies: HAP Contracts and Vouchers!17:14 Balancing Affordability and Profitability: Project-Based Vouchers Explained21:10 Is Your Section 8 Property Eligible for LIHTC? Discover the Benefits and Restrictions 22:55  Pro & Cons of LIHTC Projects: Upgraded Buildings vs. Paperwork Maze  28:53 Payment in Lieu of Taxes? Dive into the World of PILOT Incentives and Unlock Savings Potential! 30:30 Don't be caught off guard! Learn how proformas and scenario analyses work!33:37 Decipher the Secret Language of REAC Scores – Don't Let Looks Deceive You!40:59 LURA (Land Use Restrictive Agreement) on Tax Credits 44:42 Why do you need a rent schedule during the due diligence phase? 56:05 How/Where to contact Andrea?