All Forum Posts by: Charles D Cruz

Brandon Smith with keller Williams is who I use for southern Colorado. I've done multiple deals with him.

I always keep $10k in cash for just in case. $40k in available credit for disasters.

Cap Ex is put on a rotating schedule once the unit is acquired. Each step being after a turnover to spread out costs.

Depends Is the non equity partner experienced? Are they doing some of the repairs themselves or are they just managing the sub contractor? Or do they just deal with the general contractor?

Is a realtor going to do the sale or is the non equity partner going to do it? how much is the non equity partner bringing to the table and what experience do they have?

Most likely utilities won't be put in on a vacant lot. Reason being they don't know what size building is going to be developed if/when it is. And not knowing the layout of the building.

Assume $25k+ for all utility taps.

Vacant land is typically all cash or 40-60% down.

As far as flip, it would be sub divide or buy&hold.

Build does your build have a purpose and are you willing to tie up alot of your money doing it. Building new is speculation, till it's done and sold/rented/ used.

Important thing is figure out what you want from it? Why do you think that will get you there? What does it really take to get that plan to work?

See your local building codes.

Might have to change lenders. But definitely challenge the appraisal. Do your own appraisal research and present that in your rebuttal. You might have to go to a small local lender that will understand value comes from the number of rooms for your specific location.

Talk to a lawyer and have them go over all the paperwork. And sign it with them present.

Personally two quarters or less is savings account of some kind. Over two quarters I'll do stock market; though personally I do very good with my stocks. I also realise that stocks take alot of effort and research to understand how the company is doing and the status of the markets in which they operate.

Ultimately it's up to personal choice and results are based largely on duediligence.

You intend to do something beneficial in nature in the future with it.

And you have extra cash laying around and other investments on point.