All Forum Posts by: Bob McIntosh

I am an IT Auditor for banks, so I have to frequent that site quite often to get information haha.

One thing I didn't mention before that I should have is that if you know a bank exists and they are not in that list, then you don't want them as a bank. This means that there is a high probability that they are not insured. If a bank is not insured there has to be a reason, and you can almost always be sure that reason is not one that is favorable to you...

http://www4.fdic.gov/IDASP/main_bankfind.asp

Here is the official place to find information on any bank. This will tell you branch's, asset size, everything you could ever want to know about a bank.

What about the money now arriving from a different person, don't they ever question that for the last xx years its been from xyz in abc format and now its different?

You also state that this property's location is not the greatest and you are banking on the fact that expansion will reach you eventually. This is speculation and in this market that is a hard thing to do. There are a lot of things here that you need to consider. Read up on some of the commercial property posts to get a better idea.

Commercial Property Manager

Basically a landlord only for larger commercial properties (property that businesses rent, or larger apartment complexes)

I think the general consensus here seems to be that with that much money you can do a lot of things, your options are nearly infinite. Like you said you will have a year to think about it, learn about it, and think what to do with it. I would suggest spending that year learning as much as you can, read books, lots and lots of books, read these forums, ask questions, etc... This way when you get back you will be ready to hop in.

Now I don't know how your company works, or how your "compensation" works but with that said if you get any of it before hand then you want to make sure that you are doing something with it during that year you are away. With that kind of cash you could easily afford to buy into a REIT, or some other profit generating real estate investment, however with that said there is some risk there, you may loose that money. Or like Type Rider said, park it in a CD, that is a guaranteed investment (up to $100k, assuming that the bank is FDIC insured). Then again maybe you don't get it until you get back in which case this entire paragraph was a waste of time :P

Either way figure out what you want to do in real estate, learn who, what, where, when, and how, then when you get back go do it!!

:groovy:

CAP RATE means Capitalization Rate, it is a term that is generally used for commercial properties.

At its most simplest form the Cap Rate is

Revenue/purchase price

For more detailed information:
http://en.wikipedia.org/wiki/Cap_rate

www.weblo.com

Anyone seen this? I was just looking at it and its kind of a crazy idea, but then again some times the craziest ideas are the best!

Those people generally know nothing about computers... In my experience they have 1 manager who is a truly knowledgeable individual and he disseminates maybe 5% of his knowledge to the high school kids who work there because he hates his job and hates all the n00bs that work there.

With that said, there are occasionally a few good people that work there, but they never stay long because they realize what I just said is all to true and can make more money helping their friends and family on an as needed basis.

What is your Real Estate Goal, if you want to get into PM then this is probably a great choice, if you want to invest in commercial property again this is probably a good choice. If you goal is to flip properties it may not be the best choice. I would imagine that you are going to make contacts but in a commercial PM job (especially for larger companies) you are going to make contacts who are doing large deals (and I see you are from NJ so if its any where near Manhattan then HUGE deals) which as a beginning real estate investor may not be the easiest thing to jump into.

As far as begining to understand REI any job in RE would help you gain a better understanding of that aspect of REI, so it certainly wouldn't hurt. Like I said it all just depends on what you want to do in REI.