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All Forum Posts by: Eric Piccione

Eric Piccione has started 43 posts and replied 87 times.

Post: Property Managers And Attorneys In Houston

Eric PiccionePosted
  • Investor
  • Cincinnati, OH
  • Posts 89
  • Votes 22
Originally posted by @Cody L.:
Originally posted by @Eric Piccione:

Looking for some property managers out in the Houston area. Does anyone have some recommendations? Any and all will be greatly appreciated!

Also, Some attorneys in the area would be an added bonus! If anyone knows a good attorney that preferrably has Real Estate Experience that would be really perfect. Thanks guys and gals!

 Attorney for what?  What type of PM?

 Commercial and residential attorneys. And a commercial/multifamily style property manager.

Post: Property Managers And Attorneys In Houston

Eric PiccionePosted
  • Investor
  • Cincinnati, OH
  • Posts 89
  • Votes 22
Originally posted by @Adam D Rinehart:

@Eric Piccione what part of the Houston area? Most of the ones I've been in contact with have a drive time or mileage policy, so something in Katy or Cypress (which many people still refer to as the Houston area) might not be a good fit for a PM down town.

 I didn't know they had that. But I would most likely find something in the physical location of downtown houston.

Post: How To Find Comps On Commercial Properties

Eric PiccionePosted
  • Investor
  • Cincinnati, OH
  • Posts 89
  • Votes 22

In ABC's of real estate investing Ken mentions the value of the property is only worth its operations. I'm now trying to calculate the value of some commercial properties.

Is there a way to pull up comparables without having to message my realtor for each property I want to look at? I figure they have all of that data. Is there a place to pull up comps? Thanks in advance guys and gals!

Post: Property Managers And Attorneys In Houston

Eric PiccionePosted
  • Investor
  • Cincinnati, OH
  • Posts 89
  • Votes 22

Looking for some property managers out in the Houston area. Does anyone have some recommendations? Any and all will be greatly appreciated!

Also, Some attorneys in the area would be an added bonus! If anyone knows a good attorney that preferrably has Real Estate Experience that would be really perfect. Thanks guys and gals!

Post: How do I Increase the Cap Rate?

Eric PiccionePosted
  • Investor
  • Cincinnati, OH
  • Posts 89
  • Votes 22
Originally posted by @Nick Peters:

Please provide a larger picture. Hard to help with what you provided.

 Sorry, Moving forward I will provide a bigger picture. I have failed you guys :((

Post: How do I Increase the Cap Rate?

Eric PiccionePosted
  • Investor
  • Cincinnati, OH
  • Posts 89
  • Votes 22
Originally posted by @Jodi Terrell:

@Eric Piccione is this a multi-family property? 

No this was just me trying to run numbers on an excel sheet to grasp the concepts of making calculations. 

Post: How do I Increase the Cap Rate?

Eric PiccionePosted
  • Investor
  • Cincinnati, OH
  • Posts 89
  • Votes 22
Originally posted by @Jaysen Medhurst:

Can't read a thing on that, @Eric Piccione. If your coming up with a 0% Cap Rate, that means it's exactly breaking even before CapEx and Debt Service, so that's going to be loser.

Get up a better attachment and we can take a look at your numbers.

Technology is not my strong suit. I figured it out though. I was calculating the monthly NOI and not the Annual. I like to see month to month just to keep track of things. This was just a trial for me to get used to running numbers on properties so moving forward I know what i'm looking for. Exciting stuff!

Post: How do I Increase the Cap Rate?

Eric PiccionePosted
  • Investor
  • Cincinnati, OH
  • Posts 89
  • Votes 22

I'm doing some trial numbers on an excel spreadsheet just trying to see how a potential deal would look numbers-wise. Everything is making sense except for the cap rate. It's at 0% and all of the expenses are included at a fair amount, income is 1% of the purchase price to be fair. I just simply am not able to make this deal make any sense unless I blatantly mess us the numbers. I'm aware that you should decrease expenses and raise income, but I do not see any way of getting this to budge. Is there something I missing? Are my expenses too high? I've attached a picture so you guys can see what I see. Thanks in advance everyone!

Post: CPA/Accountant for Real Estate

Eric PiccionePosted
  • Investor
  • Cincinnati, OH
  • Posts 89
  • Votes 22
Originally posted by @Ronald Rohde:
Originally posted by @Eric Piccione:

Looking for a CPA/Accountant that deals with real estate. I live in Houston if that affects anything. Does anyone know someone/have a recommendation for one? Thanks in advance everyone!

 what type of real estate? residential buy and hold vs. commercial (cost seg, etc.)?

At the property we're house hacking, it's an airbnb model. However, the next property we get will be a buy and hold property.

Post: CPA/Accountant for Real Estate

Eric PiccionePosted
  • Investor
  • Cincinnati, OH
  • Posts 89
  • Votes 22

Looking for a CPA/Accountant that deals with real estate. I live in Houston if that affects anything. Does anyone know someone/have a recommendation for one? Thanks in advance everyone!