Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

Why You NEED To Plan!

8 Jun 2023 · 0 min

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0:26

Christian Osgood explains why real estate deals that lose money on day one need careful planning. He secured a five-year loan for a 1.5-year project and refinanced in 11 months, creating a safety buffer that protects against unexpected delays.

When you buy a deal that loses money day one, first of all, not a great idea unless you have a plan. You're looking for long-term cash-flowing fixed-rate debt. We got it in long enough debt. We wanted to get this done in the first year and a half. We exceeded that expectation, which is fantastic. Took us about 11 months to finish the refi. But when we did this, we went, okay, we got 5-year debt to do a 1.5-year project. We have margin for error. We have a lot of margin for error where we have time to get this figured out.

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