All Forum Posts by: Adam Lacey

@Sebastian Warg its sunny almost every day in Denver. Real estate is more expensive here than some midwest or southern places but people are still moving here, which I think will help insulate the area from a major correction.

We also have soccer and an NBA team.

@Vincent E peters 1. Raising Capital and 2. Deal sourcing are probably the two most valuable things you can bring to a team. If I were you, I would pick one of those and focus on that while continuing to network and work on your UW skills.

Try to find a syndicator or team that you click with and once you have your value proposition set and ready to go, bring it to them and make it happen!

Best of luck to you!

Hi @Lara White, thanks for the offer! We're looking at apartment complexes in the area and I was hoping to connect with someone to discuss cap rates, sub markets..etc. A commercial broker or other investor would be ideal if you know anybody.

I would love to connect with anybody familiar with the Tuscaloosa market. Just starting to explore the market bc my partner has a step daughter going to school there.

@John Wilson construction cost can vary a lot by area, but you can probably use a rule of thumb like $200/SF to get a rough cost. I would contact 2 or 3 contractors in the area to help hone in on what that estimate should be. Keep in mind, they may give you a cost for vertical construction only. You'll also need to consider permitting, architect, engineer, possibly zoning...etc. For a small development it might not be applicable, but you'll also need to find out if your development project would require you to improve the adjacent roads and utilities. That can be a significant cost if the municipality requires offsite improvements.

@Kay M. There are different ways that you could get that HELOC to work for you. You can use the HELOC as a down payment to buy a property if the numbers all shake out, but there are other ways you can get creative with it.

I buy commercial real estate and use my HELOC for DD items and earnest money if we are temporarily in a pinch for cash. This way, I use the HELOC to keep deals moving forward but can pay it back when we close in 2-3 months.

You could also provide a loan to somebody that needs the cash. Could be a nice way to make $ as long as that loan is at a higher rate than the rate you're paying on the loan. Reach out if you're interested.

@Anthony Aguillard as a few mentioned above, it really depends on not only the market, but the specific property. What size property are you looking at? If larger than 80 units, 3-5% for PM fee, 5% for R&M, 5-7% for vacancy should get you in the ball park.

@Brad Stallings do you want to be active or passive? Consult with your tax pro, but with your wife being a real estate professional, I think you're able to you can take advantage of the depreciation benefits on a syndication.

If you want to be active, I would personally still go the commercial real estate route. You can use that $75k to help an experienced investor/team with earnest money and use it as an opportunity to learn the ropes of being on the GP side while you make a nice return. Just make sure you find a partner that you truly want to partner with. Hopefully, that would lead to future partnership opportunities as well, but at the very least it would be a nice credibility boost for future deals.

@Garry Scott this sounds like a fun project. I'd love to hear more about it if you're open to connecting sometime.

Welcome to BP . Ohio is a great state to find cashflowing properties. I don't personally own anything there, but I have spent a little time looking and met @Paul Sian who is a great investor friendly agent in Cincinnati.