All Forum Posts by: Dan Deckelbaum

Hi I have a client looking for large industrial parks as well as value add multi unit. This is an institutional buyer that can go up to any price point as long as the numbers make sense. Ideally 100,000 sq ft + industrial. Already owns over 1,000,000 sq ft of industrial space. Looking all over the country.

Thank you,

Dan Deckelbaum

The property is in Austin, renting while waiting for new construction.

Can out of state owners self manage their rental property in Texas? My brother is having a landlord tenant issue. TIA!

Can out of state owners self manage their rental property in Texas?  My brother is having a landlord tenant issue.  

I have an off-market hotel for sale with a 11.5cap in 2020 (during Covid). Current cap YTD is around 15. The hotel is in Pennsylvania with a reputable brand and management in place. Asking price is $13mm.

I also have clients looking for hotels, large multi unit and light industrial space nationwide up to $30mm.

Looking forward to connecting with the BP community!

Dan Deckelbaum

[email protected]

410-215-2240

I'm an agent and investor. I'm moving in the direction of multi-units and apartment buildings. Loopnet seems to be very basic and some listings are only available to costar members.  Is costar worth it and what are you paying?  Im in PA, near Philly.  Thanks!

3 rental properties: 2 tenants paid on time, 3rd paid 2/3 and the remainder will be paid a week late.

Origination fees for $1,000,000 - $10,000,000 credit line. 

1. $2,500 for any size line of credit + $2,500 legal fee A. 2.25 points per loan origination
2. 0.5% of the line of credit size + $2,500 legal fee A. 1.75 points per loan origination
With the line of credit, you receive steep discounts on origination fees, draw and processing fees. If you plan on purchasing three or more deals over the next two years, the origination fee more than pays for itself with the cost and rate savings you get with the line of credit.

Hi, for my more experienced purchasers out there. I’m a Realtor and starting to build a portfolio in Philly. Doorknockers going out next week. Private funds lined up! Do you use a contract besides the state agreement of sale to purchase?  Does anyone have an example, or one they use in PA? Dandeckelbaumgmailcom if you have one to send. 

Im also looking for software for project management and property management if anyone has products they love. 

Thanks in advance!

Im a Realtor and have a few rentals.  I am in the final stages of planning before I scale my business by investing in appreciating areas in Philly.

What should I offer friends that have money for private lending?  I wrote up a business plan with either a 5% interest and 10% profit share OR a 7.5% interest with no profit share.  10% down from me.  I think I add at least 1 point up front to this to give the lender more incentive.  I want to work with private lenders I know which there are quite a few interested.  I don't want to push people away with a low ball offer. Thanks for the advice!   

I have offers from hard lenders with a few points and fees for 65% of ARV value. Here's an example which I likely will not take:

100% of construction and acquisition up to 65% of the ARV. We can approve the same day and close in 24hrs. Normally we are about 1.09 - 1.167% per month for a 12 month note. The money is 3- 4 points at the table.