All Forum Posts by: Eric Vermilion

For me I think it is important to know what their availability and response time will be.  They can have all the answers but if you can't reach them or hear back from them then it won't matter.  Sitting down with them once a year and talking strategy is a must, but I like to have a running conversation through text or email that I can discuss items that can come up along the way.  I look for a hungry accountant that has been doing it for a bit, but is also still building their practice.  I've found those who are at the level they want their business to be at are less attentive and don't value the relationship as much because they can replace me quickly.  

Hope that helps!  Best of luck.

Hey Joe,  

The more conservative the lender the more likely they are to stipulate these items-I'd guess this is a bank loan.  It is a regular practice for many banks but not other lenders in my experience. 

Eric

Jesse- I'm not familiar with Charlotte, but I can tell you that here in Indy we are having the same issues.  Markets are squeezed for multi's in many markets.  Wish I could help you out, but this seems to be a market issue nationwide.

Beautiful kitchen!  I've found the same challenges with being the LL and hiring a PM is well worth the money unless you enjoy conflict.

Also- there are private lenders will allow foreign nationals to invest in the US.

I mean- talk deals out with them that you or they are considering,  but I don't recommend mixing your financials with them. 

It can't hurt to ask the management co or RE listing agent for the numbers before you submit a bid.

It's always possible that you are doing it correctly and that the market is not giving you the opportunity that you need to make the money for your effort.  Maybe expand your market outside of NJ.  

Hey Monica!

The banks are regulated and you have to show enough income on w-2 or tax returns to get a loan through them.   There are lenders with hard money loans that mimic the terms of bank loans.   

Sweet!  Congrats! I'm assuming those are just long term leases with those companies now and you are not operating the businesses.