All Forum Posts by: Alan DeRossett

We are in California and I would not buy or live in a $10 million home in Malibu on the Beach. If buying  id look across PCH in Malibu California id make sure the home has up over 100 ft above sea level. As is I' chose to live 10 miles inland and at over 900 feet so not too worried. The Term Global Warming is still used by Scientists and climatologists maybe not in mixed company as it does set off those without an understanding of Science. Regardless investors can easily check with FEMA for the National Flood Insurance Program just enter the address of the property to compare before you buy. Most Banks will require. I'm sure there are still a few who will lend without or are still in denial. but putting your Equity at risk because of your Bullhead politics is not real investing. https://agents.floodsmart.gov/...

This is about Risk and using Science to evaluate Risk the politics means little if you get flooded out and lose your investment Time to buy on higher ground! little doubt Global Warming is real and even if a 1% chance you'll be flooded in the next 10 years why Chance it? Good investments minimize Risk. You may want to sell in 5 years and not be able to. Buy in an Area where you can also get affordable flood insurance. Current Flood Zone risks in Tampa do not look good for those who Gamble with political opinions and do not understand the science of your Risk of flood. https://experience.arcgis.com/...

Quote from @Joel S.:

Thanks @Alan DeRossett. Looks promising. Do you happen to know anyone whose gone through the Green Finance process? 

yes let get their permission to share. they built 5 senior living facilities of 60 units each

Quote from @Joel S.:

Anything I can read about the 30% Instant Appreciation and higher rents in certified buildings? 

its incremental depending on your renters our area is more concred with leed 140 compliance in buildings so i dont buy anything older than 1985 without a budget to convert the property. currently we have 100% occupancy in a high income area so having these amenities is critial for new buildings without enough Power for in Garage Car charging people with jobs and new Teslas wont rent. https://www.globest.com/2021/0...

Regrets! I also RSVP'd yes and am still down at my Son's in Escondido and won't make it in time for tonight. Would like to join as well next month.
Thanks

looks good I'll be attending
Thanks

if you can not qualify personally ask someone who can partner with you. 10% is a typical starting point. The risker the deal the more you might need to offer. form a LLC to do.

look into transferring it into an LLC and taking a 10% partner then refinance maybe.

Quote from @Nikki Nicole:

Hey, everyone. 
I wanted to know if anyone knows about the growth in Dayton Ohio or Youngstown. 
I have two offers that where accepted, one for Dayton Ohio, and one for Youngstown. 

I have always invested closest to home so all the little emergency things can be handled locally our network of Contractors Plumbers,Electricians are also all local. out of state plan on at least 4 tripts in the first year if renovating Air fare X4 Hotel /Motel Rental Cars all can drag you into a negative cost cycle. unless the size of the deal makes Travel expenses irrelevent add them to your buget forecasting.  if your using Credit to travel it will cost you even more. A property Manager will also be needed but you still need to look for yearself espescially on a first deal.

We can only use commercial loans as properties not in my name its in the LLC and living trust. Personal credit should not matter if set up in an Llc or Corporation. Also we never borrow more than 70% or rates get too high.