All Forum Posts by: Jack Davis

Does the typical commercial investor establish those beforehand or identify these professionals as they come needed? If before, it seems as though that would present a barrier to entry with likely associated costs before ever establishing any income.

Thanks, guys. Currently trying to better understand what a commercial DEAL looks like in my target market (Dayton/Cincinnati OH). Not sure how to locate commercial comps. @Ronald - Yes, 5+ units as Brian mentioned

To my previous question though, is conventional lending more difficult to secure being that it's identified as 'commercial'?

BP, I'd like to get your advice on a first-time investor skipping small multi-family properties and purchasing commercial housing buildings. Would your thoughts be to "Go for it!" or "Start small" & why?  Additionally, without a track record, is one likely to find funding from conventional lenders? I have great credit, a good amount of funding and intend to make use of local professionals for day-to-day responsibilities.

My thinking is to make the most of my time/leverage and find a B/C+ building with 12-15 units within my budget. As I currently live in SoCal, I intend to locate a Mgmt Co to handle day-to-day responsibilities (possibly existing management). What are your thoughts?

I personally sold just a week ago in San Diego after 3yrs of owning. Looking to leverage my tax-free gains/ equity to make my first move in REI after sitting on the sideline for far too long.

Do you have an agent that you'd recommend? Maybe another BP member. Looking to find a reputable local agent to help identify/close on a Multi-Family property in the area. Thanks.

Thanks, Brian. Any thoughts?

I'm a new investor interested in B&H in the greater Cincinnati area. I'm curious to find out what folks expect as a reasonable cap rate here. From research, I'm seeing around 9-12%. Is this consistent with your experience or have you identified a different range?

Thanks all for the feedback. Am definitely planning to make the trip at some point in the near future. Hopefully that'd help me clear some things up for myself.

Hi BP'ers,

For those who reside in Detroit, what is your opinion on this particular area - 48206/Rosa Parks neighborhood. Would you consider this an OK area or is this still in need of major transformation before one should consider for purchasing for rental income?