All Forum Posts by: Jai Reddy

@Henry Clark I’ve been reading all your posts here and on other threads. Thank you for taking the time to share your valuable knowledge and experience

@Matthew Paul A new drain field with the lateral lines cost me about 4K getting it done through a septic company. Original one lasted about 50 years

@Dallas Hayden

Electric induction cooks well, faster than gas, more efficient.

@Anand Narayanan

Also, if your unit is pet proof, consider allowing small ‘preapproved’ pets.

@Anand Narayanan It may be location dependent….is this in the Raleigh area?

Consider offering a moving van for free

usage to incoming renters?

@Venkat K. My opinion on the free rent for x months is just that, no revenue for x months.

@Vinay Kolluru Congratulations Vinay. As others from the Oklahoma City area have offered already in this thread, if there’s something I can help out with, let me know.

Yes, start local. When you say commercial, what space? Shopping centers, single-tenant buildings, apartment complexes, office, warehouse, etc. One aspect I've seen in the buying/selling of commercial properties - they are all overpriced. Unlike residential SFHs, the current owners are all in it for the return on investment and are looking to maximize their exit. So, negotiate hard, but bring the ability to Close on a deal to the table (have financing lined up, etc.)

As for metrics, begin to calculate the Cap Rate of the property. What you pay for the property should be based on actual cap rate, and not pro-forma cap rate.

@Swetha Reddy

Have you tried connecting with Lenders in your target State?

Alternatively, you could contact a Mortgage Broker. They find you a lender and facilitate underwriting and collect a % commission at Closing which is about 1% of loan amount (the last I heard).

There a few mortgage brokers on BP.

Also, look up Lenders on BP and DM them.

 Very interesting Joe. I am in commercial retail as well, and also nearing 46, and realizing time is the most valuable asset.