All Forum Posts by: Bud Leiser

Lets assume you have the following:

A: A house

B: A checking account

C: Rental A

D: Rental B

Without LLC's: Imagine someone trips on rental B because a handyman left (anything) outside, they sue. Umbrella policy decides you arent covered because the moon is only half full and its a wednesday.

What can the attorney go after? A B C or D? If you said E for Everything you are right. 

Each property gets its own LLC.

Lets say you commit homicide, and the family sues you. You own shares in all these LLC. Yes they will probably go after all of it.

Notice: Not legal advice, not an attorney. For Education and entertainment discussion only blah blah. Always Vote Libertarian. 

0 (Zero)

I'm still reading the other threads about refinance/cashout/eloc. 

That said I own a small retail building, we'll say it's worth ~500k right now at 75% occupancy. In case that matters. 

Tomorrow I'm going to make a list of all local banks and credit unions and ask to speak to the person in charge of commercial real estate loans and see what they have available in refinance/eloc/cashout products. I figure that's the only way to see whats out there and what I can get. 

My general questions are

• %
• Term
• Balloon or no Balloon
• Turnaround time (how long till the cash is in my account)

Advice I'm looking for: 

• Any other questions I should add to the above?
• Anything I should say to them or ask about? 
• Any other products I should ask about?
• Any other companies/lenders I should be looking for and talking to?
• Any national lenders I should contact that won't show up locally? Link to list maybe?
• Any other advice/warnings?

if ypu ever look for a place to stay im San Francisco avoid craigslist at all cost. 90% seem to be scams, its that bad. 

Always the "out of state" will send you (item) after you deposit (amount) scam. 

instead of burning a dead dinosaur to sit in this guys territory i'd hash out the unrealistic price over the phone. If he seems flexible and motivated (hint: you know their flexible when they lower their price) then I'd follow up and walk his house with him. 

Did you ask him why he needs to sell? By what timeframe? Whats his backup plan if it doesn't sell in time? How much does he owe? How much is he looking to put in his pocket at end of closing? Will he owner finance in order to reach his price? Why did he choose a ******* crazy price? What is more important his motivation for selling or getting his crazy price? 

All of these can be discussed on the magic apple walkie talkies we carry in our pockets. ;)

it sounds like you have already decided on your next location, and to be  fair having the best location for the business is more important than finding a good deal.

That said some/most motivated commercial sellers will carry back a 2nd. Why? Their smarter than the average residential owner, they understand money better, and they understand how limited the buyer pool is in commercial. 

How profitable is your business? What if that location does not perform like your others? How specific are your needs? (I mean material, height, size etc. i know nothing of your business) 

SBA now has commercial loans for small businesses because they realized the need for them wasn't being met by Banks. Seeing how you are already in non-profit you are accustomed to the paperwork. They will require a detailed business plan, inspections, yadda yadda. 

Best of luck. 

man sorry for all the typos, on my tablet.

One last thing: Dont let the developers decide your content. Their not real estate professionals. Content is your job. 

Those sites above are good. Except godaddy for hosting is overproced, instead try bluehost or dreamhost. You dont need a private server just get basic shared hosting.

Domain should be free with a year of dreamhost or bluehost. Also you can buy more domains from godaddy just make sure you google "godaddy coupon" first. 

Before you post an ad looking for a web developer you should sketch out each page on a pad of paper. Decide what colors you want where including background, text and areas. Decide what oictures go where. What is your call to action, where are the buttons and forms, what do things around them look like. 

Also decide how many pages you want, if more than 1. Including "secret" pages like lamding pages and squeeze pages. Developers charge extra for each page, and too many pages clutters your website making it less user friendly. So often less is better, 

And like everyone else said, SEO is king. Unless you just want a website for people to goto when you hand them a business card, then SEO (search engine optimization) is the hardest park. If you got the funds this could be someone (or companies) full time job. 

Have fun!

Eric I think you missed your calling. You sound more like an Engineer than a Realtor. ;) (Thats a compliment)

http://www.biggerpockets.com/real-estate-investing/