All Forum Posts by: Cashmere Robinson

No, your assumption is right. I am in a discussion right now about the priorities and my family agreed 'work comes first'. So going ahead to meet a prospective seller, amazing! feeling relaxed :)

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You can say BP is a goldmine. We can get any type of information and advice from the greats of real estate industry. I work with the distressed property owners of Bronx and NY areas, I regularly seek advice from BP on any issue arising out of any problem.

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I suggest to try to find a distressed property and buy it. That way you will save few dollars and simultaneously stay in the high end area. Just an idea.

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Just became the member here. Learning how to reach those magical figures. Guys, help me to understand those 1s and 0s. Thanks to all.

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@Linda Weygant I don't see your update after 15th. Hope things got settled ultimately. Please do let us know as I am taking your experience as a case study, lots of things to learn from all the members who posted.

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I find this place rich with valuable comments and tips. It is like a eye-opener and personally learnt lots of technical issues.

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Originally posted by @Shane H.:

@Aaron McCarty

I assume you already had your meeting, however for your first commercial lease may not be a bad idea to bring in a commercial RE agent to help you out with the leasing/lease or involve an attorney familiar with commercial leases.

As Joel said whole different ballgame. Have you thought about whether or not your lease will be gross/triple net etc? Is it a towing company or simply a repossession company?

I've been involved in the insurance claims industry for some time now as well as working to transition to REI full time. Some tow companies are above the line and good to work with, some not so much. My only word of advice in dealing with some from my claims perspective is I'd take extra time to vet them and make sure they are a reputable operator (you could probably get a list of banks or car dealers they work for and then contact them to see what their reputation is/if it checks out...some of the banks or car dealers I may have contacts to provide you) ....one other thing to think about is the potential environmental impact as well...ie if they do start hauling wrecked cars, who's responsible for all the fluids leaking on the ground, could they potentially contaminate your property etc. If they are simply only in the repo business maybe not such big deal but something to think about.

Some great advice from Aaron. I only like to add that it will be better to have an attorney who is involved with these types of deals.

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It is not unknown (to you too) that opportunity in real estate market is endless. You need to be in the right place and in the right time. I think you should market your strong skills by means of a online presence and if necessary giving free service (initially) to those people who really need guidance. Above all you need patience to sustain in this profession.

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All Forum Posts by: Cashmere Robinson

Cashmere Robinson has started 3 posts and replied 43 times.

Post: NC investing

Post: New Real Estate Investor in St. Louis, Mo

Post: Sacrificing Holidays for Success?

Post: Just joined from Ireland

Post: Looking for my first deal - Multifamily Property

Post: Poll how much money has BiggerPockets made for you?

Post: Anatomy of an Eviction

Post: Newbie from bronx NYC

Post: commercial property management

Post: Impossible for me to enter real estate investing?