All Forum Posts by: David DeSimio

Hello

We are looking to have all documents for the lease packet signed/initialed electronically.  We hold a lease signing event and orientation where this would occur.  We will be using our Surface to accomplish this task.  The online signing services such as Hellosign don't seem to allow all parties to sign the same document on the same device, emulating the physical signing process.  Once all docs (templates) are complete I desire them to be stored on our cloud and emailed to the tenants.  The paper brigade has to stop for us to scale.

I would love to hear what others are doing to improve this process.

Thank you

David

5th Door Properties, LLC

Hello,

I am relatively new to BP and a residential buy and hold investor for a number of years now.  I ran across a mixed use property consisting of 2 store fronts, two 2x1 apartments above and an office space/light commercial unit to the rear.  Total sqr is <6k.  I am looking for advise on mixed use as the lending industry seems to view these as a black sheep.

The property has been neglected for a few years and housed lower end businesses in the store fronts due in part to the overall appearance.  Location is on the main drag in a midwestern town with no direct access to a major thoroughfare.  

The numbers are as follows: NOI = $1870/m with a 90% occupancy factor applied and all the expense goodies. Purchase and rehab would be in the $160k range. By the way, do mixed use follow the income valuation method?

My question is this...why would I consider adding small commercial inventory to our investments vs. staying with SFR and Multi?

Thank you!  David