All Forum Posts by: Eric Jacobs

Before saying its not a good deal, I would be interested to know what appeals to you about it?

Huge advantages in commercial, less headaches all things being equal.  A little more of a learning curve re leases, negotiations, lawyers etc..., on balance no reason NOT to do it.  Go where the opportunity is ...

I happen to love Charlotte and have a business associate there so I'm always looking for an excuse to get here.  I will connect with you via BP and perhaps we can meet sometime.  Thanks for the kind words about the website.  If you would like another dog you hate, I can try to arrange that....:)  If I get up there, keep the coffee but the scotch is a GO !!!! 

If you are buying a property under market you are likely either (a) lucky (not a sustainable model; (b) exploiting someone (not a sustainable model) or (c) in for a big surprise in terms of what you thought you were buying (not a sustainable model).  In the end, stop worrying about that as such things are only for selling books and seminars and low end coaching BS.  There are right ways and wrong ways to buy real estate.  If you think the market is at risk, fine then employ another approach.  Unless you think the entire world is going to collapse in which case you may want to spend your disposable income on canned goods and an underground bunker (what?  It’s real estate right?).  I have no problem with turn keys or near market purchases for long term holds.  Given enough time, you will be fine.  You can drive yourself crazy with the conflicting opinions.  What you need is a plan tailored to your goals not someone else’s.  The fact that you have the clarity that you do puts you ahead of most of the “investors” out there...good luck 

Jason reach out to me and I may be able to point you in the right direction.  I’m down here in S Fla as well and I get what you are dealing with.  I can tell you that 9 Cap in North Miami is something I would Take a long hard look at,  Any area in N Miami at a 9 Cap is either not really a 9 or in a D area, 

Lillie. I may be interested please send additioal information.  Can you tell me what neighborhood this is in?

Thanks

DFW has certainly experienced growth but there is also always opportunity.  Having said that, its not quite as simple as the 1% rule,  Rules like this are good weed out for those of us that look through large numbers of deals at a time and need a fast way to determine what to spend time on and what not to.  If you are going to invest out of state I think you likely need someone to help you set up your team and get organized to do this the right way.  If you are just going to look online and try to find something that seems to fit the 1% you are likely to be rolling the dice.   Good luck

Nancy please send me info 

I am not criticizing anyone else’s post.  I did not read any of them.  I can tell you that the right advice is DO NOT SOLICIT LEGAL ADVICE ON BP and legal advice is exactly what you would need.  As a lawyer myself, I can’t tell you how many times clients have come to me in need of very costly litigation services because they were unwilling to spend a few hundred bucks for a proper consult BEFORE they do something.  It’s well worth it.  Good luck 

I would need to consult with a lawyer I know in Anchorage regarding foreclosure law but assuming foreclosure is not overly challenging I would be interested