All Forum Posts by: Account Closed

50 M in RE doesn’t really tell a whole lot .  You can get there but do you want to be leveraged at 45M to get there, with investors being the equity on it.  Slow growth on the 3M plan self fueled?  Just something to consider .... But maybe have half in equity? 

I cant thank everyone enough for the response, very high level stuff and amazing points worth considering.  Im so happy I posted, THANK YOU THANK YOU !!

Great stuff guys , exactly what im looking for .

@Mike Dymski care to take a crack at this one?  You had some great responses on posts I found a couple years back , just wondering if your perspective is still the same or how you personally field this one. 

I read some great historical posts on this topic but wanted to see if I could gain any insights in todays market as there has been a continued run up ( generally speaking....)

Do you regularly evaluate your RE investments against a return on equity metric?   How much does it influence your decisions?  How do you decide if you want to sell or you want to refi?  On this topic , if you refi, do you have a conversation about if you would be a buyer on the asset and with the terms you are refinancing with? 

Or are you ok with a lower ROE. Or are you very strategic and intentional with your ROE and want to see it at a certain point. 

Im looking to just gain some insights if you are willing to share. 

Thanks for taking the time to read and respond to my post. 

Reaching out to the local community. Any body having issues or feel Buildium customer service has done a 180 and none existent lately? We have been trying to upgrade to Pro ,online wont let us do it, we have made several calls, they dont seem to respond to help inquiries. 

I believe they are getting bought out and I dont know if this is a temporary hiccup but we are really feeling that based on this we are going to start the process of jumping shift to different online software.  Their service used to be the fuel keeping the machine going but feeling like im stuck in an alternate universe.  

Anyone else? ..........

@Ronald Rohde im not partikulare interested in doing the building.  I just incidentally "may" have the land piece. I think Id check with the city for feasibility piece and really would need to know the intended use and what the opportunity is for us as opposed to the alternative. So I guess build to suit. 

I have some land that might at some point be fitting for development. A few things have to fall into place, meaning permission to subdivide and most the rest are things that can be figured out.

I know I have to determine the vehicle count and see the demographics work for the profile .

My initial question , the land is about two Chunks to best describe one in front of each other. The frontage being about 75 foot and then 210 foot deep . Then attached onto the back of that is about 225 deep by 50 wide.

So the lot is a bit more narrow. Do you think the 75 foot wide makes the lot to narrow to be able to be developed for single tenant who wants to be in that market?

Thinking if this is something that would fit for a Starbucks. Any feedback comments or thoughts are greatly appreciated.

@Joel Owens I know you are busy but guessing you know the answer to this if the lot is proper sized for potential development? 

I don’t want to share information in this post but if you email me (it’s on my BP profile) I will be glad to share the person and firm I use in Houston. been with them over a decade and happy to pass along their info. 

Seems like it would have been preferable to do a wire transfer/bank transfer  instead of write a check 😀

@Jordyn Rodriguez Just post them here once you have the property under contract.  Doesn't have to be the address just the basics , so others can learn as well.