All Forum Posts by: Christopher Olsen

Looking at moving to Houston, TX. Any recommendations for Realtors in the area?

May be the wrong place to post this.

Looking at a self serve car wash. Asking price is $845k NOI is $96k.

Have any of you ventured into the car wash business?

Has 8 wash bays and 1 automatic wash.

@Chris A.

I was a bit nervous about starting a cash out refinance on my commercial building. I was surprised that multiple banks and credit unions in Utah were willing to do a cash out. The one that came in with the least amount Back was Wells Fargo. I am trying to stick around 65-70% LTV. They were wanting to keep it at 60. Rates were between 4.15-4.5 for refinance.

Working with a lender on a cash out refinance on my commercial property.

@Samuel Pavlovcik

I’m in the solar industry in California I work for Vivint Solar. I’m not aware of the grants that are out there for people to receive “free” or practically “free” systems.

There is obviously loan programs as well as just writing a check. Which if you purchase you receive the federal tax credit of 26%

Here in California and I’m 90% sure Illinois has this program as well is a Power Purchase Agreement. For example if you got your solar through Vivint. They receive the tax credit, they put the solar system on at no cost to you, and then you just pay vivint for the power it produces at a cheaper rate then what you pay your utility company. No loan, no big cash investment.

I don’t know what rates are in Illinois but in California that is a very popular option. If you’re interested I can look into it for you just send me a PM.

@Remington Lyman

Both my properties are in Utah where I’m from originally. Looking to expand into the Midwest market.

Tell me about the Louisville and Lexington Kentucky markets. As far as cash flow, appreciation, taxes just everything how does Louisville compare to a Columbus Ohio market? I like how UPS, Ford and a few other big companies are in Louisville. I'm in the middle of doing two cash out refinances on my properties and then will be pulling the trigger on some multi family.

From a cashflow perspective are you better off purchasing 40+ unit or having 10 4 plex's? 

Im very interested in the larger deals but I keep seeing people talk about midwest cities where they are cash flowing over $1,000 per four flex with less money into the deal then if they were purchasing a larger property? Am I missing something here?

Thanks for all the feedback. I've enjoyed my NNN building I have and it was my first deal I've ever done. What about the dollar generals that appear all over? Still probably going to get into Multi but a, considering other commercial properties.

@Doug Crenshaw so is a lot

Of the goals to go from multi or sfh and get into NNN commercial? I have a NNN office building and have enjoyed it. Not to say we haven't had our own little speed bumps a long the way. Just completely curious why you don't see more on NNN on here.