Wonton Wealth: Insights into Commercial Real Estate Investing & Beyond

In this episode, I’m joined by the brilliant Alvaro as we roll up our sleeves and dive deep into a retail deal in Texas. We’re breaking down the numbers, the strategy, and the thought process behind this investment. From analyzing the market to identifying opportunities and risks, this is a masterclass in how to approach retail real estate deals with confidence.Whether you’re new to commercial real estate or a seasoned pro, this episode is packed with insights, lessons, and actionable takeaways that’ll level up your investing game.Tune in to hear how we dissect this deal, the challenges we faced, and why Texas continues to be a hotbed for retail opportunities.Here's the link to my book: Value Over VolumeWant to learn more about CRE? CRE CourseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2hSats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

In this conversation, Tanh, Alvaro, and Matt discuss their experiences and strategies in the real estate investment sector, focusing on commercial properties. They explore the transition from other careers into real estate, the importance of evaluating deals, and the nuances of managing a diverse portfolio. TakeawaysAlvaro and Matt work at Eisenberg and Company, focusing on middle market real estate.Tanh transitioned from a pharmacy career to real estate investing.Evaluating commercial real estate requires understanding market dynamics and tenant needs.Building relationships with brokers is crucial for accessing off-market deals.Cash flow analysis is essential for determining investment viability.Understanding tenant types helps in structuring leases and TI negotiations.Market research is vital for assessing property values and potential returns.Every property has unique characteristics that affect its investment potential.Networking and continuous learning are key to success in real estate investing.Chapters00:00 Understanding Capital Raising Dynamics00:39 Insights into Real Estate Capitalization Strategies03:20 Transitioning from Pharmacy to Real Estate05:53 Evaluating Commercial Real Estate Deals08:10 Sourcing and Analyzing Investment Opportunities16:24 Navigating the Commercial Real Estate Landscape20:04 Evaluating Commercial Properties25:06 Understanding Tenant Dynamics28:59Tenant Improvements and Negotiations32:14 Building Relationships in Real EstateHere's the link to my book: Value Over VolumeWant to learn more about CRE? CRE CourseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2hSats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

In this episode, Tanh discusses the transformative power of networking, emphasizing its importance in both personal and professional growth. The conversation covers the fundamentals of networking, effective strategies for building meaningful connections, and the role of social media in enhancing networking efforts. The host shares personal experiences and insights on how networking can lead to job opportunities, mentorship, and investment prospects, ultimately encouraging listeners to take action and expand their networks. Takeaways 1. Networking is a game changer in achieving goals. 2. Building relationships is more than just exchanging contacts. 3. Networking provides access to job opportunities and partnerships. 4. You can learn valuable lessons from everyone you meet. 5. Networking offers emotional and professional support. 6. Improving communication skills is a key benefit of networking. 7. Networking can lead to investment opportunities and insider knowledge. 8. Authenticity is crucial in networking. 9. Follow up with contacts to maintain relationships. 10. Leverage social media to enhance networking efforts. Chapters 00:00 The Power of Networking 02:31 Building Meaningful Connections 05:18 Effective Networking Strategies 🔋 Support My Channel 🔋 Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2h Sats via Strike: https://strike.me/tanh Dollars via Paypal: https://www.paypal.com/paypalme/tanht Dollars via Venmo: https://account.venmo.com/u/tanh-truong 🌍 Website: https://www.wontonwealth.com ✖️ X: http://www.x.com/tanhtruong 📷 IG: http://www.instagram.com/pro_tanh 🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

In this conversation, Tanh shares his journey of finding a mentor in the real estate industry after feeling lost following a partnership breakup. He recounts how he met his mentor at a poker game, the steps he took to connect with him, and how their relationship evolved into a strong partnership. Tanh emphasizes the importance of mentorship and the value of adding value to the mentor-mentee relationship. Takeaways 1. Mentorship is crucial for personal and professional growth. 2. Networking can lead to valuable connections. 3. Persistence is key in building relationships. 4. Adding value to your mentor can strengthen the relationship. 5. Finding a mentor in your field can provide guidance. 6. Real estate can be complex; having a mentor helps navigate it. 7. Building a friendship with your mentor can lead to collaboration. 8. Engaging in shared activities can deepen connections. 9. Learning from others' experiences is invaluable. 10. Gratitude towards mentors can foster lasting relationships. Chapters 00:00 The Importance of Mentorship 02:48 Finding the Right Mentor 05:29 Building a Relationship with Your Mentor 🔋 Support My Channel 🔋 Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2h Sats via Strike: https://strike.me/tanh Dollars via Paypal: https://www.paypal.com/paypalme/tanht Dollars via Venmo: https://account.venmo.com/u/tanh-truong 🌍 Website: https://www.wontonwealth.com ✖️ X: http://www.x.com/tanhtruong 📷 IG: http://www.instagram.com/pro_tanh 🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

This conversation delves into the significance of mentors and coaches in personal and professional development. It emphasizes the importance of due diligence when selecting a mentor or coach, the role they play in providing guidance, accountability, and networking opportunities, and how they contribute to personal growth and success. Takeaways 1. Mentors and coaches can significantly shorten your learning curve. 2. They provide accountability and motivation when you need it most. 3. Having a mentor is like having a personal GPS for your journey. 4. Coaches help you avoid pitfalls by sharing their experiences. 5. Accountability partners push you to achieve more than you thought possible. 6. Mentors enhance your networking opportunities and open doors. 7. They challenge you to step out of your comfort zone. 8. Personal growth is a key benefit of having a mentor. 9. Investing in a coach is investing in your future success. 10. Mentors and coaches are not a luxury; they are a necessity. Chapters 00:00 The Value of Coaches and Mentors 02:39 Understanding the Role of Mentors 05:14 Accountability and Motivation in Success 06:23 Networking and Personal Growth through Mentorship 🔋 Support My Channel 🔋 Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2h Sats via Strike: https://strike.me/tanh Dollars via Paypal: https://www.paypal.com/paypalme/tanht Dollars via Venmo: https://account.venmo.com/u/tanh-truong 🌍 Website: https://www.wontonwealth.com ✖️ X: http://www.x.com/tanhtruong 📷 IG: http://www.instagram.com/pro_tanh 🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

In this conversation, Tanh discusses the principles outlined in the book 'The Go Giver', emphasizing the importance of shifting focus from getting to giving. The five laws of value, compensation, influence, authenticity, and receptivity are explored, illustrating how these principles can enhance personal and professional relationships, ultimately leading to greater success and fulfillment. Takeaways The Go Giver emphasizes giving over getting. Your true worth is determined by the value you provide. Income is linked to the number of people you serve. Building genuine relationships enhances influence. Authenticity is the most valuable gift you can offer. Being open to receiving is crucial for effective giving. Providing exceptional value leads to greater returns. Helping others can expand your network and opportunities. Transparency builds trust and attracts partners. Continuous learning keeps you competitive in business. Chapters 00:00 Introduction to The Go Giver 00:25 Law of Value: Giving More Than You Take 02:00 Law of Compensation: Serving More People 02:53 Law of Influence: Putting Others First 03:47 Law of Authenticity: Being Real 04:39 Law of Receptivity: Being Open to Receiving 🔋 Support My Channel 🔋 Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2h Sats via Strike: https://strike.me/tanh Dollars via Paypal: https://www.paypal.com/paypalme/tanht Dollars via Venmo: https://account.venmo.com/u/tanh-truong 🌍 Website: https://www.wontonwealth.com ✖️ X: http://www.x.com/tanhtruong 📷 IG: http://www.instagram.com/pro_tanh 🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

In this conversation, Tanh explores the various pathways to becoming a millionaire within a year, focusing on investment vehicles such as stocks, trading, and real estate. The discussion emphasizes the importance of having a strategic approach to investments, including understanding the potential returns and the effort required to achieve millionaire status. The speaker provides insights into different real estate strategies, including wholesaling, flipping, and syndication, highlighting the financial dynamics involved in each method. Takeaways The desire to be a millionaire varies among individuals. Investment vehicles play a crucial role in wealth accumulation. Real estate offers multiple avenues for generating income. Trading requires significant time and capital investment. Flipping properties can yield substantial profits if done correctly. Wholesaling can be a viable strategy for quick returns. Understanding equity and appreciation is key in real estate. Commercial real estate can offer higher margins than residential. Syndication allows for shared investment and profit opportunities. Hard work and strategic planning are essential for financial success. Chapters 00:00 The Millionaire Mindset: Who Wants to Be a Millionaire? 02:40 Investment Vehicles: Paths to Wealth 05:28 Real Estate Strategies for Millionaire Status 🔋 Support My Channel 🔋 Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2h Sats via Strike: https://strike.me/tanh Dollars via Paypal: https://www.paypal.com/paypalme/tanht Dollars via Venmo: https://account.venmo.com/u/tanh-truong 🌍 Website: https://www.wontonwealth.com ✖️ X: http://www.x.com/tanhtruong 📷 IG: http://www.instagram.com/pro_tanh 🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

In this engaging conversation, Tanh shares a captivating story from their residential real estate investing days, detailing a particularly challenging deal involving a difficult tenant, the eviction process, and a shocking discovery within the property. The narrative highlights the unpredictability of real estate investing and the unique experiences that can arise. Takeaways 1. The importance of thorough property inspections. 2. Challenges can arise from difficult tenants. 3. Eviction processes can be complicated and lengthy. 4. Unexpected surprises can occur during property management. 5. Real estate investing involves both risks and rewards. 6. Unique stories can emerge from seemingly ordinary deals. 7. Understanding tenant rights is crucial during evictions. 8. The condition of a property can be shocking at times. 9. Networking with professionals can aid in property management. 10. Every deal teaches valuable lessons in real estate. Chapters 00:00 Introduction to a Memorable Real Estate Journey 00:57 The Challenge of a Difficult Tenant 03:01 Eviction Process and Unexpected Discoveries 05:20 The Shocking Revelation Inside the Property 🔋 Support My Channel 🔋 Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2h Sats via Strike: https://strike.me/tanh Dollars via Paypal: https://www.paypal.com/paypalme/tanht Dollars via Venmo: https://account.venmo.com/u/tanh-truong 🌍 Website: https://www.wontonwealth.com ✖️ X: http://www.x.com/tanhtruong 📷 IG: http://www.instagram.com/pro_tanh 🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

This conversation provides a comprehensive overview of the underwriting process in real estate, emphasizing the importance of financial analysis, property assessment, and risk management. The speaker breaks down the steps involved in underwriting, from understanding the offering memorandum to calculating the offer price and assessing operational assumptions. Key insights include the significance of creating a pro forma, budgeting for renovations, and conducting stress tests to ensure investment viability. Takeaways Underwriting is essential for making informed investment decisions. The offering memorandum (OM) provides crucial property details. Analyzing financial statements is key to understanding property performance. Creating a pro forma helps visualize future property management. Assessing property condition is vital for budgeting renovations. Operational assumptions impact overall financial projections. Calculating offer price requires understanding debt terms and market conditions. Aim for a cash on cash return of 15% or higher. Stress testing ensures the deal remains viable under adverse conditions. Understanding the story behind the numbers is crucial for successful underwriting. Chapters 00:00 Introduction to Underwriting in Real Estate 00:58 Understanding the Offering Memorandum (OM) 02:23 Creating a Pro Forma and Financial Assumptions 03:49 Operational Assumptions and Cost Estimation 05:25 Calculating Offer Price and Investment Criteria 06:09 Final Thoughts on Underwriting and Risk Assessment 🔋 Support My Channel 🔋 Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2h Sats via Strike: https://strike.me/tanh Dollars via Paypal: https://www.paypal.com/paypalme/tanht Dollars via Venmo: https://account.venmo.com/u/tanh-truong 🌍 Website: https://www.wontonwealth.com ✖️ X: http://www.x.com/tanhtruong 📷 IG: http://www.instagram.com/pro_tanh 🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

In this conversation, Tanh delves into the critical role of rent rolls in the due diligence process for property investment. He emphasizes the importance of understanding tenant specifics, lease expiration trends, and market comparisons to make informed investment decisions. The discussion highlights the need for thorough analysis to identify potential risks and opportunities, ensuring that investors are well-prepared before finalizing any property deals. Takeaways 1. The rent roll is essential for understanding income streams. 2. Staggered lease expirations provide more stability. 3. Identifying value-add opportunities can boost income. 4. Market comparisons are crucial for evaluating rent rates. 5. Understanding tenant longevity helps predict lease renewals. 6. Check for discrepancies in rent roll and income statements. 7. Document uncertainties to address with brokers or owners. 8. Stay vigilant for reasons not to buy a property. 9. Know what the numbers mean before signing anything. Chapters 00:00 Understanding Rent Rolls: The Foundation of Due Diligence 02:45 Analyzing Lease Expiration Trends for Stability 05:23 Evaluating Tenant Mix and Market Rent Rates 07:13 The Importance of Lease Terms and Vacancy Rates 🔋 Support My Channel 🔋 Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2h Sats via Strike: https://strike.me/tanh Dollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong 🌍 Website: https://www.wontonwealth.com ✖️ X: http://www.x.com/tanhtruong 📷 IG: http://www.instagram.com/pro_tanh 🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

The cash flow statement is a financial roadmap that shows how money moves in and out of a business. It is split into three main parts: cash flow from operating activities, cash flow from investing activities, and cash flow from financing activities. Each part tells a different story about where the money is coming from and where it's going. Cash flow is different from profit, as cash flow tracks the movement of money while profit is what's left after deducting expenses from revenue. Understanding financial documents like the cash flow statement, balance sheet, and income statement is crucial for understanding a company's financial health.Takeaways The cash flow statement shows how money moves in and out of a business. It is split into three main parts: operating activities, investing activities, and financing activities. Cash flow is different from profit, as cash flow tracks the movement of money while profit is what's left after deducting expenses from revenue. Understanding financial documents like the cash flow statement, balance sheet, and income statement is crucial for understanding a company's financial health.Chapters00:00 Understanding Cash Flow Statements00:56 The Three Parts of a Cash Flow Statement03:50 Cash Flow vs Profit: What's the Difference?05:12 Analyzing Financial Health: Connecting the DotsSponsorFish.Audio🔋 Support My Channel 🔋Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2hSats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

The income statement, also known as the profit and loss statement, provides insights into a company's financials and trends over time. It summarizes the revenue, expenses, gains, and losses over a specific period. The revenue section shows the total amount of money earned, while the expenses section includes costs incurred to generate revenue, such as costs of goods sold and operating expenses. Other sections may include marketing expenses, general and administrative expenses, net income, and depreciation. Understanding the income statement is crucial for assessing a company's performance, profitability, and financial trends. Takeaways The income statement provides insights into a company's financials and trends over time. It summarizes the revenue, expenses, gains, and losses over a specific period. Understanding the income statement is crucial for assessing a company's performance, profitability, and financial trends. Key sections of the income statement include revenue, expenses (costs of goods sold and operating expenses), net income, and depreciation. EBITDA (earnings before interest, tax, depreciation, and amortization) is a measure of operational performance that adds back depreciation and amortization. Chapters 00:00 Introduction to the Income Statement 01:40 Revenue, Expenses, and Net Income 03:23 Analyzing Marketing and Operating Expenses 04:49 EBITDA: A Measure of Operational Performance 06:24 Financial Trends and Predicting the Future 07:19 Conclusion 🔋 Support My Channel 🔋 Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2h Sats via Strike: ⁠https://strike.me/tanh⁠ Dollars via Paypal: ⁠https://www.paypal.com/paypalme/tanht⁠ Dollars via Venmo: ⁠https://account.venmo.com/u/tanh-truong⁠ 🌍 Website: ⁠https://www.wontonwealth.com⁠ ✖️ X: ⁠http://www.x.com/tanhtruong⁠ 📷 IG: ⁠http://www.instagram.com/pro_tanh⁠ 🤓 LinkedIn: ⁠http://www.linkedin.com/in/tanh-truong-30a18ab0/⁠ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

Underwriting is the process of analyzing financial data to assess the investment and financial risk. It is important to independently verify information provided by real estate brokers. Being a good underwriter is crucial to making profitable investments. Underwriting involves analyzing financial statements, starting with the balance sheet. The balance sheet provides a snapshot of a company's financial standing, including assets, liabilities, and shareholders' equity. It helps determine the company's book value and financial strength. Assets are tangible and intangible items owned by the company, liabilities are obligations owed to others, and shareholders' equity represents the shareholders' investment in the business. The balance sheet is just a snapshot and should be analyzed in conjunction with income statements and cash flow statements for a comprehensive understanding of a company's financial journey. Takeaways Underwriting is the process of analyzing financial data to assess investment and financial risk. It is important to independently verify information provided by real estate brokers. Being a good underwriter is crucial to making profitable investments. The balance sheet provides a snapshot of a company's financial standing, including assets, liabilities, and shareholders' equity. The balance sheet helps determine the company's book value and financial strength. Assets are tangible and intangible items owned by the company, liabilities are obligations owed to others, and shareholders' equity represents the shareholders' investment in the business. The balance sheet should be analyzed in conjunction with income statements and cash flow statements for a comprehensive understanding of a company's financial journey. Chapters 00:00 Introduction to Underwriting 02:38 Understanding Balance Sheets 04:08 Components of a Balance Sheet 05:57 The Importance of Financial Statements 🔋 Support My Channel 🔋 Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2h Sats via Strike: https://strike.me/tanh Dollars via Paypal: https://www.paypal.com/paypalme/tanht Dollars via Venmo: https://account.venmo.com/u/tanh-truong 🌍 Website: https://www.wontonwealth.com ✖️ X: http://www.x.com/tanhtruong 📷 IG: http://www.instagram.com/pro_tanh 🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

In this episode, Tanh discusses two important aspects of the due diligence phase: attorney lease reviews and preliminary title reports. For lease reviews, it is crucial to understand the relationship between the landlord and tenants, as well as any sneaky clauses that could cause issues. Preliminary title reports reveal ownership, liens, easements, and encroachments on the property. It is important to address any issues uncovered in the report as soon as possible. The speaker also touches on financing and negotiations during the due diligence phase. Takeaways Attorney lease reviews are essential to understand the relationship between the landlord and tenants and to identify any problematic clauses. Preliminary title reports provide information about ownership, liens, easements, and encroachments on the property. Address any issues uncovered in the title report as soon as possible to ensure a timely resolution. Involving your bank in the due diligence phase is important for ordering third-party reports and assessing the property's value. Negotiate with the seller based on the findings from the due diligence phase, presenting facts and data to support your position. Closing between the beginning of the month can result in a prorated monthly income, providing additional financial benefits. Chapters 00:00 Attorney Lease Reviews 02:31 Preliminary Title Reports 04:38 Financing and Third-Party Reports 06:18 Negotiating Based on Due Diligence Findings 10:39 Closing Tips for a Successful Real Estate Deal 🔋 Support My Channel 🔋 Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2h Sats via Strike: https://strike.me/tanh Dollars via Paypal: https://www.paypal.com/paypalme/tanht Dollars via Venmo: https://account.venmo.com/u/tanh-truong 🌍 Website: https://www.wontonwealth.com ✖️ X: http://www.x.com/tanhtruong 📷 IG: http://www.instagram.com/pro_tanh 🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

In this conversation, Tanh discusses the due diligence process in real estate investing. They emphasize the importance of starting the due diligence period immediately after signing the purchase and sale agreement (PSA) and acquiring all requested documents. The speaker provides tips on depositing earnest money, using a trusted title company, and reviewing financials, leases, and expenses. They also discuss the importance of conducting site visits, checking the neighborhood, and analyzing competition. The speaker advises conducting a financial audit and being meticulous throughout the due diligence process. Takeaways Start the due diligence period immediately after signing the purchase and sale agreement (PSA) and acquiring all requested documents. Deposit earnest money promptly and use a trusted title company. Review financials, leases, expenses, and conduct a financial audit. Conduct site visits, check the neighborhood, and analyze competition. Be meticulous throughout the due diligence process to ensure a solid investment. Chapters 00:00 Navigating the Due Diligence Period 02:36 Reviewing Financials and Leases 07:02 Examining Bills and Service Contracts 09:24 Assessing the Physical Aspects of the Property 13:39 Conducting a Site Visit and Analyzing the Neighborhood 16:35 Analyzing Rent Comps and Competition 19:54 Performing a Financial Document Audit 🔋 Support My Channel 🔋 Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2h Sats via Strike: https://strike.me/tanh Dollars via Paypal: https://www.paypal.com/paypalme/tanht Dollars via Venmo: https://account.venmo.com/u/tanh-truong 🌍 Website: https://www.wontonwealth.com ✖️ X: http://www.x.com/tanhtruong 📷 IG: http://www.instagram.com/pro_tanh 🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

After getting the Purchase and Sale Agreement (PSA) signed, the due diligence phase begins. The first step is to create an escrow timeline, which outlines all the events and deadlines throughout the transaction. Important dates in the timeline include the due diligence start date, appraisal deadline, deadline for environmental reports, property inspection deadline, and financing contingency deadlines. Estoppels, which certify lease terms with each tenant, should be taken care of early on. During due diligence, it is crucial to review the estoppels for lease rates, rentable square footage, rent payments, common area charges, defaults, unfinished work, lease extensions, and purchase options. Being organized and following the escrow timeline is essential to not miss any dates or deadlines. Takeaways Create an escrow timeline after getting the PSA signed to keep track of important dates and deadlines. Review estoppels to confirm lease terms, rent payments, common area charges, and any defaults or unfinished work. Be organized and double-check everything during the due diligence phase to ensure a smooth transaction. Follow the escrow timeline to avoid missing any dates or deadlines. Chapters 00:00 Introduction to the Due Diligence Phase 01:03 Creating an Escrow Timeline 04:13 Preparing Estoppels 06:12 Reviewing Estoppels 07:32 Key Takeaways and Conclusion 🔋 Support My Channel 🔋 Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2h Sats via Strike: ⁠https://strike.me/tanh⁠ Dollars via Paypal: ⁠https://www.paypal.com/paypalme/tanht⁠ Dollars via Venmo: ⁠https://account.venmo.com/u/tanh-truong⁠ 🌍 Website: ⁠https://www.wontonwealth.com⁠ ✖️ X: ⁠http://www.x.com/tanhtruong⁠ 📷 IG: ⁠http://www.instagram.com/pro_tanh⁠ 🤓 LinkedIn: ⁠http://www.linkedin.com/in/tanh-truong-30a18ab0/⁠ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

Pre-due diligence is the phase before entering into due diligence when acquiring a property. It involves thoroughly examining the property's health, financial background, zoning rules, environmental factors, and more to identify any red flags and determine the property's true value. On-market properties come with an Offering Memorandum (OM) that highlights the positives, while off-market properties require more research and digging. Google Maps is a useful tool for virtual walk-throughs of the area. Demographic data, crime rates, school quality, and business reputations are important factors to consider. The due diligence period in the purchase agreement should allow enough time for thorough investigation, and extensions should be included. Researching the seller can provide leverage in negotiations. Takeaways Pre-due diligence is the phase before entering into due diligence when acquiring a property. Thoroughly examine the property's health, financial background, zoning rules, and environmental factors to identify red flags and determine its true value. On-market properties come with an Offering Memorandum (OM) that highlights the positives, while off-market properties require more research. Use Google Maps for virtual walk-throughs of the area and gather demographic data, crime rates, school quality, and business reputations. Include adequate time for due diligence in the purchase agreement and research the seller for leverage in negotiations. Chapters 00:00 Introduction to Pre-Due Diligence 01:37 Differentiating On Market and Off Market Properties 02:41 Key Factors to Consider in Property Analysis 05:23 Submitting an LOI and Moving to the PSA 13:33 Navigating the Due Diligence Period 15:45 Ensuring Transparency and Communication 🔋 Support My Channel 🔋 Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2h Sats via Strike: https://strike.me/tanh Dollars via Paypal: https://www.paypal.com/paypalme/tanht Dollars via Venmo: https://account.venmo.com/u/tanh-truong 🌍 Website: https://www.wontonwealth.com ✖️ X: http://www.x.com/tanhtruong 📷 IG: http://www.instagram.com/pro_tanh 🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

In this conversation, Tanh discusses various documents that are important in the closing process of a real estate transaction. The documents include closing statements, deeds of trust, deeds, assignment contracts, affidavits, amendments, and memorandums. The speaker explains the purpose and key details of each document, highlighting their significance in the transaction. Takeaways Closing statements summarize the financial transaction in a real estate purchase and outline all costs and payments. Deeds of trust are used to secure mortgage loans and detail the property being used as collateral. Deeds transfer property ownership and can be warranty deeds, quit claim deeds, or special warranty deeds. Assignment contracts allow one party to transfer their rights and responsibilities under a real estate contract to another party. Affidavits are sworn written statements of facts and are commonly used in legal and real estate transactions. Amendments are formal changes to legal documents, updating or revising existing terms. Memorandums are brief written documents used for internal communication, providing context and key points. Chapters 00:00 Introduction to Crucial Documents 02:20 Deeds of Trust 04:34 Assignment Contracts 06:09 Affidavits 07:40 Memorandums 08:23 Conclusion 🔋 Support My Channel 🔋 Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2h Sats via Strike: https://strike.me/tanh Dollars via Paypal: https://www.paypal.com/paypalme/tanht Dollars via Venmo: https://account.venmo.com/u/tanh-truong 🌍 Website: https://www.wontonwealth.com ✖️ X: http://www.x.com/tanhtruong 📷 IG: http://www.instagram.com/pro_tanh 🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

In this conversation, the speaker discusses three important documents in the acquisition phase of commercial properties: estoppels, option to purchase agreements, and broker agreements. Estoppels validate the terms of a lease agreement between a tenant and a landlord, providing reassurance that the lease terms are accurate and legally binding. Option to purchase agreements give the tenant the right, but not the obligation, to buy a property at a predetermined price within a specific time. Broker agreements outline the terms between the buyer and a real estate broker, including marketing, negotiation, and compensation. Takeaways Estoppels validate lease terms and provide reassurance in commercial property transactions. Option to purchase agreements give tenants the right to buy a property within a specific time. Broker agreements outline the terms between buyers and real estate brokers. Understanding these documents is crucial in commercial property acquisitions. Chapters 00:00 Introduction 00:23 Estoppels: Validating Lease Terms 02:26 Option to Purchase Agreements 05:32 Broker Agreements 06:05 Conclusion 🔋 Support My Channel 🔋 Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2h Sats via Strike: ⁠https://strike.me/tanh⁠ Dollars via Paypal: ⁠https://www.paypal.com/paypalme/tanht⁠ Dollars via Venmo: ⁠https://account.venmo.com/u/tanh-truong⁠ 🌍 Website: ⁠https://www.wontonwealth.com⁠ ✖️ X: ⁠http://www.x.com/tanhtruong⁠ 📷 IG: ⁠http://www.instagram.com/pro_tanh⁠ 🤓 LinkedIn: ⁠http://www.linkedin.com/in/tanh-truong-30a18ab0/⁠ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

In this episode, the speaker discusses Purchase and Sale Agreements (PSAs) in real estate deals. PSAs are drafted by real estate attorneys and specify key terms such as purchase price, buyer's and seller's needs, restrictions, and contingencies. The process of finalizing a PSA can take weeks or even months due to the back-and-forth negotiations. Once the PSA is signed, the next step is to open escrow with a preferred title company. The escrow agent safeguards funds and ensures that transaction conditions are met. Other important components of a PSA include earnest money deposit, closing and due diligence time frames, closing costs responsibilities, and contingencies for financing, title, inspection, leases, estoppels, zoning, and environmental assessments. Takeaways Purchase and Sale Agreements (PSAs) are essential in real estate deals as they specify key terms and conditions. PSAs are drafted by real estate attorneys and involve back-and-forth negotiations between the buyer and seller. After signing the PSA, the next step is to open escrow with a preferred title company. Important components of a PSA include earnest money deposit, closing and due diligence time frames, closing costs responsibilities, and contingencies for financing, title, inspection, leases, estoppels, zoning, and environmental assessments. Chapters 00:00 Introduction to Purchase and Sale Agreements 01:52 Signing the PSA and Celebrating 03:27 Components of a Purchase and Sale Agreement 05:32 Importance of Contingencies in a PSA 07:56 Negotiation Tips for the PSA Phase10:40Conclusion and Recap 🔋 Support My Channel 🔋 Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2h Sats via Strike: https://strike.me/tanh Dollars via Paypal: https://www.paypal.com/paypalme/tanht Dollars via Venmo: https://account.venmo.com/u/tanh-truong 🌍 Website: https://www.wontonwealth.com ✖️ X: http://www.x.com/tanhtruong 📷 IG: http://www.instagram.com/pro_tanh 🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.