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All Forum Posts by: Bilal A.

Bilal A. has started 17 posts and replied 54 times.

Post: Real estate lawyer recommendation

Bilal A.Posted
  • Investor
  • Minnetonka, MN
  • Posts 54
  • Votes 18

Hi All,

Looking for a lawyer recommendation who specializes in commercial real estate transactions and also assist with title search/transfer and entity formation in the Tri City area of TN. Thanks in Advance!

Post: Real estate lawyer recommendation

Bilal A.Posted
  • Investor
  • Minnetonka, MN
  • Posts 54
  • Votes 18

Hi All,

Looking for a lawyer recommendation who specializes in commercial real estate transactions and also assist with title search/transfer and entity formation in the Tri City area of TN. Thanks in Advance!

Post: Real estate professional status

Bilal A.Posted
  • Investor
  • Minnetonka, MN
  • Posts 54
  • Votes 18

@Ashish Acharya

Thanks again!

Post: Real estate professional status

Bilal A.Posted
  • Investor
  • Minnetonka, MN
  • Posts 54
  • Votes 18

Does the time spent in re-development of a building (planning, financing, supervising, and construction) and renting the building to a business count for material participation hours to gain real estate professional status? This is not a multifamily or self storage building. Already have hours from managing a rental and buying/selling a few SFRs as a realtor but likely not enough to make the cut. Also, have no other job or work hours besides being a realtor. Thanks in advance for your replies.

Post: Looking for MN real estate attorney

Bilal A.Posted
  • Investor
  • Minnetonka, MN
  • Posts 54
  • Votes 18

@Ryan Luthi Yes please. You can send me a private message if that is ok.

Post: Looking for MN real estate attorney

Bilal A.Posted
  • Investor
  • Minnetonka, MN
  • Posts 54
  • Votes 18

Hi All,

Looking for a Minnesota real estate attorney who is experienced in Net Lease purchases, particularly medical facilities. 

Ideally, would like someone who can do everything for a reasonable flat price or package, barring any work out of the ordinary.

Need help with drafting a purchase agreement, tease apart the NN lease and environmental studies, and facilitate closing etc. The purchase is part of a 1031 exchange with a qualified intermediary in place and we are well within the 180 day closing period. We are currently negotiating purchase price, due diligence period, etc. Thanks in advance.

Post: Looking for MN real estate attorney

Bilal A.Posted
  • Investor
  • Minnetonka, MN
  • Posts 54
  • Votes 18

Hi All,

Looking for a Minnesota real estate attorney who is experienced in Net Lease purchases, particularly medical facilities.

Ideally, would like someone who can do everything for a reasonable flat price or package, barring any work out of the ordinary.

Need help with drafting a purchase agreement, tease apart the NN lease and environmental studies, and facilitate closing etc. The purchase is part of a 1031 exchange with a qualified intermediary in place and we are well within the 180 day closing period. We are currently negotiating purchase price, due diligence period, etc. Thanks in advance.

Post: Extension of deadlines realted to 1031 exchange

Bilal A.Posted
  • Investor
  • Minnetonka, MN
  • Posts 54
  • Votes 18

Are there any provisions in the CARES act or any legislation related to the pandemic that extend 1031 exchange deadlines in 2020 for investors? Looking to identify anything that will allow extension of 45 day property identification or 180 day closing windows. Thanks in advance.

Post: Credit union or local bank financing for apartment building

Bilal A.Posted
  • Investor
  • Minnetonka, MN
  • Posts 54
  • Votes 18

@Todd Dexheimer Thanks!

Post: Credit union or local bank financing for apartment building

Bilal A.Posted
  • Investor
  • Minnetonka, MN
  • Posts 54
  • Votes 18

Hello All,

Looking for recommendations on local banks or credit unions for commercial apartment purchase financing. Any products out there with 85% LTV, 10 year balloon and 30 year amoritization? Thanks in advance.

Bilal