JF704: When it’s OK to Use a $100,000 Earnest Money Deposit NONREFUNDABLE #situationsaturday
He aggressively bid on a large Multifamily deal, and won the transaction. Hear the long purchase process that included providing credibility, aggressive offers, and being willing to lose a large deposit. Our guest shares all the ups and downs during the underwriting and purchase, tune in!
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John Cohen’s real estate background:
– Founder of JC Property Group
– Started in real estate buying tax deeds
– Based in Queens, NY
– In 2014 switched to multifamily and recently closed on a 48-unit syndicated deal in Columbus, Ohio
– Prior to that worked at Marcus & Millichap as a multifamily specialist in Brooklyn/Queens
– Played baseball at Queens College and Mercy College
– Say hi him at www.jcpropertygroupinc.com
– Hear his Best Advice Ever here: https://joefairless.com/blog/podcast/jf345-your-guide-to-direct-mail-cold-calling-and-multi-family-purchasing/
Listen to all episodes and get a FREE crash course on real estate investing at: http://www.joefairless.com
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