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A client who wants to add to his portfolio needs a broker with
discipline, knowledge, experience, maturity, and a commitment to act in the
client's best interest. With 25 years experience in brokerage and
management, I have the perceptiveness and experience to identify potential
problem areas and pitfalls of owning and operating certain properties.
This issues are discussed openly and candidly with the client so that the client
is a aware of important issues.
Key Benefits
 | Management experience means I can identify operating and ownership
problems before the acquisition is made. |
| Strong analytical skills helps the owner understand all financial
implications of ownership. |
| Negotiating skills, used with sellers, lenders, and service providers,
helps the client achieve the best overall financial and operating result
possible. |
Capabilities
| Identify Goals and Objectives |
It is important to understand the operating philosophy, goals, capital
requirements, tax objectives, timing, and return requirements at the outset of
an acquisition program. Identify and agree upon those criteria which, if
not met, disqualify a property for consideration.
| Identify Suitable Property. |
Using all available resources, including,
| contact with other brokers, |
| internet and multiple listing resources, |
| direct contact with owners of properties meeting the acquisition
criteria whether or not such properties are currently "on the
market" |
I identify as many properties as possible for acquisition. We then go
through a process of elimination to shorten the list of suitable properties and
begin making offers. The response to offers shortens the list to those
that best suit the client's needs.
| Negotiate |
Negotiation includes the terms of the purchase agreement and financing terms
with the lender. The goal is to achieve the best total, long-term
financial result possible.
| Details to Closing |
Many details need attention and follow up in order to complete the
acquisition and for the client to actually begin reaping the benefits of
ownership. Property studies and investigations need to be completed and
the results analyzed. These issues require communication, coordination,
and constant follow up, all of which Ben Frederick III handles with tenancity
and attention to detail. Some of these include:
| Phase 1 Environmental Study, |
| Hazardous Waste Site clearance, |
| Soil tests, |
| Wetlands tests, |
| Chesapeake Bay Critical Area status, |
| Flood Zone determinations, |
| Utility availability, |
| Zoning Code Issues (including possible violations), |
| Occupancy and Building Permits, |
| Building Inspections: (mechanical, roof, structure, termite) |
| Inspection for Issues such as asbestos, lead-based paint, UFFI, FRT roof
plywood, Radon gas, polybuetline water pipes. |
| Appraisal, |
| Title Reports, |
| Lien Reports |
| Judgment Reports, |
| Commitment for Financing, |
| Establishing the entity into which title will be taken. |
| Ben Frederick III coordinates the closing and reviews rent
adjustments, security deposit adjustments, etc. |
Contact Ben Frederick III at 410-435-5040 or send e-mail to
click here to send e-mail to Ben Frederick
to help you acquire apartment and investment real estate
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