All Forum Posts by: Bernard Obrien

Nathan G. Thanks for the feedback.  Extremely well done.  

Hi there I am seeking a referral to a large contracting group or contractor that has done apartment re-positioning work.

Please PM me with a referral only if you've had personal experience with them.

This is my first time in this market. I am seeking feedback on a institutional property management service that you have had experience with that can service Abilene Tx.

Thanks please PM me. 

@Kim Tucker thanks for the reply I greatly appreciate this. 

@Brant Garner thanks mate for  your reply.  I appreciate the well wishes.

G'day everyone, My name is Bernie from Minneapolis MN.  

Would anyone share with me checklist &/or processes to follow and check off in a due diligence process on a medium multifamily deal.

My objective is to purchase a  50-100 unit class C property in the  S.E. USA 1975 or later construction with a value add or stand alone self sustaining financial model.  Demographics are at least 50K town population; less than 17% poverty; median family household income 35K+; Geographic region: TEXAS, OKLAHOMA, KANSAS, MISSOURI, TENNESSEE, ALABAMA, GEORGIA, NORTH CAROLINA, SOUTH CAROLINA, FLORIDA.

Good advice. So I believe that in your scenario you are sharing risk (co insuring) at 50% therefore on a 75k loss they pay 35k you pay 35k. Something like that? I’m sure they’ll run me through it but great information to understand sir.

Hey john that is great feed back.

G'day there.  My question is I have 26 units and I would like some sage advice/referral to an insurance broker.

Specifically one that will underwrite and insure at a valuation I set or actual purchase price for the structure.  

My premiums are about 20000 per year and unless i am crazy that is way too high.  Thank you in advance for the Help.

God Bless.

Bernie