EPISODE · Nov 20, 2023 · 45 MIN
How to Master Construction Draws for Multifamily Rehabs and Development with Andrea Garcia
from Affordable Housing & Real Estate Investing
One of our FAVORITE guests ever is BACK on the “Affordable Housing & Real Estate Investing” Podcast! @andreagarciarei always brings massive value via TACTICAL steps for our podcast’s audience members so we can all learn about the complex ‘construction draw’ process that many multifamily real estate investors will eventually experience!Comment or DM me the word “Affordable” on IG @InvestWithKentHe if you want to join our Exclusive Free Facebook Community full of Affordable Housing Advocates and Investors to get information like this! These are details that you won’t find unless you pay 10’s of thousands of dollars for mentorships or masterminds!Listen in to the full interview on the latest podcast episode of “Affordable Housing & Real Estate Investing” to hear more about:1) What does the construction draw process look like?2) What issues might you run into during the construction draw process and how to solve them?3) Who is involved?4) What documents do you need to provide for each draw?5) Why is Affordable Housing so hard to solve for?Please support our podcast by getting a FREE Insurance quote for your rentals from our referral link (my partners recently saved $1200 recently by using Steadily). Please make sure you are comparing apples to apples for savings!https://kenthe.steadilypartner.com/DISCLAIMER - ALL INFORMATION & DETAILS SHARED ARE MEANT TO BE FOR ENTERTAINMENT PURPOSES ONLY. THIS IS NOT LEGAL, FINANCIAL, INSURANCE, 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.#affordablehousing #realestate #realestateinvesting #cashflow #realestatedevelopment #development #affordablehousingdeveloper #section800:00 sample highlights01:43 Intro04:56 What is a Construction Draw and How Does It Work? 07:59 Construction draw process 10:57 Who is Involved in the Construction Draw Process? 11:31 What are the Essential Documents for Submitting a Construction Draw Request 12:44 Why Title Companies Are Involved in Construction Draw Requests 14:23 Factors That Affect Construction Draw Request Processing Time17:38 Construction Draw Denials: Common Reasons and How to Avoid Them 19:58 How to Deal with a Construction Draw Request Denial21:57 Fire and Flood Protection for Your Development: What you need to know! 23:26 Factors to Consider When Determining Draw Schedule Milestones 24:23 Best Practices for Managing Construction Draw Documentation 31:13 Rehab Reserve vs. CapEx vs. OpEx: What's the Difference?35:46 Multifamily Operators vs. Property Managers: Who Should Manage Construction Draws? (Other Tips)38:44 Why is Affordable Housing so hard to solve for?44:36 How/Where to contact Andrea?
What this episode covers
One of our FAVORITE guests ever is BACK on the “Affordable Housing & Real Estate Investing” Podcast! @andreagarciarei always brings massive value via TACTICAL steps for our podcast’s audience members so we can all learn about the complex ‘construction draw’ process that many multifamily real estate investors will eventually experience!Comment or DM me the word “Affordable” on IG @InvestWithKentHe if you want to join our Exclusive Free Facebook Community full of Affordable Housing Advocates and Investors to get information like this! These are details that you won’t find unless you pay 10’s of thousands of dollars for mentorships or masterminds!Listen in to the full interview on the latest podcast episode of “Affordable Housing & Real Estate Investing” to hear more about:1) What does the construction draw process look like?2) What issues might you run into during the construction draw process and how to solve them?3) Who is involved?4) What documents do you need to provide for each draw?5) Why is Affordable Housing so hard to solve for?Please support our podcast by getting a FREE Insurance quote for your rentals from our referral link (my partners recently saved $1200 recently by using Steadily). Please make sure you are comparing apples to apples for savings!https://kenthe.steadilypartner.com/DISCLAIMER - ALL INFORMATION & DETAILS SHARED ARE MEANT TO BE FOR ENTERTAINMENT PURPOSES ONLY. THIS IS NOT LEGAL, FINANCIAL, INSURANCE, 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.#affordablehousing #realestate #realestateinvesting #cashflow #realestatedevelopment #development #affordablehousingdeveloper #section800:00 sample highlights01:43 Intro04:56 What is a Construction Draw and How Does It Work? 07:59 Construction draw process 10:57 Who is Involved in the Construction Draw Process? 11:31 What are the Essential Documents for Submitting a Construction Draw Request 12:44 Why Title Companies Are Involved in Construction Draw Requests 14:23 Factors That Affect Construction Draw Request Processing Time17:38 Construction Draw Denials: Common Reasons and How to Avoid Them 19:58 How to Deal with a Construction Draw Request Denial21:57 Fire and Flood Protection for Your Development: What you need to know! 23:26 Factors to Consider When Determining Draw Schedule Milestones 24:23 Best Practices for Managing Construction Draw Documentation 31:13 Rehab Reserve vs. CapEx vs. OpEx: What's the Difference?35:46 Multifamily Operators vs. Property Managers: Who Should Manage Construction Draws? (Other Tips)38:44 Why is Affordable Housing so hard to solve for?44:36 How/Where to contact Andrea?
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How to Master Construction Draws for Multifamily Rehabs and Development with Andrea Garcia
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