Rental Property Owner & Real Estate Investor Podcast

When Justin Richards and Aaron Lenartz were last on this show, they shared everything they'd just gone through in finding, negotiating, syndicating, and closing on a 144-unit apartment complex in Memphis Tennessee.  You can check out Episode #140 to hear that story.  Today, you're going to find out what happened after the close and how its affected their outlook and decision making process ever since. Justin and Aaron are going to share some of the challenges they faced and how they came up with the solutions to solve them.  We'll discuss the engineering report and the cash shortfall that can occur when the lender reserves funds from the closing to make immediate repairs, but doesn't release that money until after the repairs have been completed.  We'll learn about some difficult partnerships that Justin & Aaron have had to walk away from, as well as the key members they've since added to their team. Justin and Aaron share some painful experiences of the acquisitions that have fallen through since then, a