Are you doing a rent and lease audit before you buy a property?
There are 7 things Cardone Capital looks for:
- Gross Potential Income — what’s the maximum amount you can achieve?
- Effective Rents — what’s the gross potential minus vacancies?
- Market Rents — what are your neighbors renting things for?
- Occupancy — how many people are actually living there?
- Lease Term — how long tenants are there for?
- Other Income/Utilities/Concessions/Etc. — what are the tenants paying for?
- Unit Type (# of 1bd/2bd/3bd/etc.) — how big are the units?
These are just some of the things you must be asking when looking into a new property!
When did the tenant agree to the lease?
When does it terminate?
What are they paying?
Who lives there?
What do they do?
Did they make a deposit?
How are they paying each month?
Remember, buying a property requires a lot of due diligence. Don’t rush into something.
At Cardone Capital, we take our time before investing in a property, and we only pull the trigger when we know everything about the property and know it’s a good deal.
Our offerings under Rule 506(c) are for accredited investors only.
FOR OUR CURRENT REGULATION A OFFERING, NO SALE MAY BE MADE TO YOU IN THIS OFFERING IF THE AGGREGATE PURCHASE PRICE YOU PAY IS MORE THAN 10% OF THE GREATER OF YOUR ANNUAL INCOME OR NET WORTH. DIFFERENT RULES APPLY TO ACCREDITED INVESTORS AND NON-NATURAL PERSONS. BEFORE MAKING ANY REPRESENTATION THAT YOUR INVESTMENT DOES NOT EXCEED APPLICABLE THRESHOLDS, WE ENCOURAGE YOU TO REVIEW RULE 251(D)(2)(I)(C) OF REGULATION A. FOR GENERAL INFORMATION ON INVESTING, WE ENCOURAGE YOU TO REFER TO WWW.INVESTOR.GOV.
For our anticipated Regulation A offering, until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can by accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person’s indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at www.cardonecapital.com