Think Multifamily Podcast
What happens when your partner stops pulling their weight? Are you doing something wrong if deals keep not penciling? What do you actually risk as a KP? And if you can't close, can you lose your entire earnest money deposit?
In this Ask Mark Anything episode, Mark Kenney gives direct, experience-based answers to four of the highest-stakes questions in multifamily investing.
In this episode you will learn:
• Why almost every partnership has one person doing more work than the other — and what your documents must allow upfront to take action
• Why removing a partner who is also a KP requires lender approval — and what that means for your options
• Why analyzing 128 deals and submitting 4 offers is probably the real problem — not the market
• What being a KP actually requires: net worth, liquidity, experience, and the difference between recourse and non-recourse risk
• What a lender can demand when you miss your debt coverage ratio — and why lender relationships change what actually happens
• Why earnest money is almost always lost if you can't close — and the mistake of sending it directly to a seller's personal account
Join us at our next event at https://thinkmultifamily.com/event
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