All Forum Posts by: Account Closed

As @Greg Downey mentioned, an 80% LTV is standard for hard money. The good part is that they can close within 2 weeks and the payments are interest only.

Hello @Anthony Fontana,

I am in the area and am always up to connect over what we are seeing in the market.

Both of these deals have long term leases and are in good locations. The offering memorandum (flyer) should have the subject store sales and a comparison versus other regional and/or national locations. The subject location should be better or equal to the comparative examples, unless you are taking on more risk which would give you a higher cap rate.

Are there any CA or GA restaurateurs on BP? This except touches on how to find the best location to open a restaurant.

"Restaurants are one of the most popular users of net leased real estate. In this article, we focus on the operator aspect of restaurants and how to make it easier for you to find a suitable location for your concept. The two obstacles that restaurants face when opening are zoning and tenant improvements. The simplest way to overcome these obstacles is to find a second generation restaurant space.

A second generation restaurant space is a unit within a commercial property, or a freestanding property, that was previously operated as a restaurant and is now available for a new tenant. What this means is that; 1) Your business permit to operate another restaurant will more than likely be approved by the City, which saves you tons of time, and: 2) There are existing restaurant tenant improvements like hoods, counters, seating, and restrooms already in place that you can utilize which saves you tons of money."

Hi @Shannon McVeigh,

That is great to hear that your out of state investment property is a success. Atlanta's market is in equilibrium. Tenants can afford their rent with a median income job and owners can build equity because investments still cash flow in the area. I hope everything is going well in Northern CA. Let's connect!

Hi @Lindsey Z.,

Congratulations to you guys on your successful flips. Closing out projects like that is always exciting. The great part about being in the SoCal real estate market is that is prepares you for other markets that are easier to understand and navigate as an investor. I received your connection and will message you shortly.

@Kimberly Lim SoCal is a beautiful area that attracts cash buyers who are willing to take on lower cap rates because there is no debt servicing. Out of state investing will allow you to purchase a higher class property that can be financed and cash flow. Let's connect!

With 25% down you can use private money and close in 2 weeks only based on credit and market value of the Atlanta home. After 1-3 years you can refinance with a government sponsored or conventional loan when your business is re-established. Hopefully this helps.

@Sanad Alshan these are properties that I listed and represented to owner. I came about them through direct marketing. There are good opportunities on the MLS also and foreclosure auctions if you can find them.

@Dave Dash competition is tough for multifamily in San Jose, especially for cash flowing properties. Let's connect and discuss what you are seeing in the market.