All Forum Posts by: Blake Andrus

Looking for a bit of help.  My father wants to buy out my loan on an investment property.  Can I issue him a 1099 at the end of the year and deduct the interest?  Any other implications that I should think of?

I have decided to move on from the family accountant who has little background in real estate.  I just purchased 12 units across 4 buildings, which brings my total portfolio to 14 units 5 buildings.  I would classify my knowledge as weak in the tax realm.  I'm looking for tax advisor/prep suggestions in the Northern Colorado area.  I understand that today's technology makes it easy to do business with anyone almost anywhere.  Therefore, I'm open to any quality candidate.  Suggestions?  

Thank you everyone for the input.  Sounds like I only lose some leverage if I bring in another broker.  However, I gain insight, area knowledge, and reduce risk with an extra set of eyes on the project.  Considering this is my first larger venture I think a broker would be a good idea.  The caveat being the broker knows what he is talking about.  

I appreciate all the input.  I would want someone on my side considering where I'm at in my investing career.  I have already talked to the sellers agent and another agent in the area with mulitfamily experience.  Is the next step to ask the other agent with mulitfamily experience to be my agent and go with him to see the properties?  

@Jeff Kehl The sellers agent is a well known broker in the area.  I would be getting a commercial broker to represent me, not a real estate agent.  Someone who speaks the language.  Am I missing an advantage of having the sellers agent represent me?

Thank you Steve!  Appreciate your $.02.  I'll get someone on my side.  Anything really different that a normal house showing?

I have begun my real estate investing career with my first deal.  I'm looking to expand and my search has brought me to several commercial properties (2 quadplexes being sold as a portfolio).  I have contacted the broker on several deals and asked for rent roll and proforma.  I'm to the point where I need to see the properties myself.  Since I'm new to the commercial game, I'm asking for help on the rules.  

Should I call another brokerage and get someone to represent me at the showing?  

What are some of the differences of a commercial showing vs a real estate agent showing?  

Looking for any advice or helpful hints.

Thank you,

Blake

Great!  Thank you so much!

I am looking for a small multi family in Wichita, KS. I currently have a duplex in south Wichita that is doing well, and I would love to expand. However, I'm looking for more opportunities beyond the MLS. I live in Loveland, CO so door knocking and driving for dollars isn't feasible. I was wondering if anyone knows wholesalers or other sources of getting leads? Would any Wichita investor like to connect? Thanks for your time and input!

@Patrick Purviance -  What avenues are you using to explore MF syndication?  I'm looking to expand and would be interested in exploring all opportunities.