All Forum Posts by: Alex Olson

@Jeff Kehl and @Michael Behrens I am not the expert in syndication or tripple net sales but am confident someone on here can provide really guide advice. Not sure if @Logan Freeman as seen this post but he may be able to jump in or PM him on his strategy and how he approaches syndication on NNN sales. In Kansas City, there is quite a bit of value in office/retail/flex/warehouse space. So packaging these properties into a single deal for a large investment can make a lot of financial sense. So, it is not just NNN on one building but a series of tenants and buildings that may make create the value of the syndicator.

@Paul Paquin similar to what @Sarah Brown says, I would never waive my right to inspect and back out after inspection. If you get an inspeciton, you can see if it is in fact mold and does in fact have a bad roof. Get an estimate. Build those costs into your model and if it still makes sense to do it, you can pull the trigger. If not, you tell the seller that you will not complete the transaction due to the issue and you negotiate the cost down if they are willing. The key is you want to maintain that you want to get a deal done but at the end of the day you need to determine if it financially makes sense. 

@Dominique Long Can you negotiate a lower purchase price? The current list price does not justify that the property is worth what you are willing to pay for. 

@Darryl Jennings I would suggest searching for two local mortage companies that have completed loans for friends or family. Then, I would also suggest finding a very local bank that is more classical in nature. Having these three as resources will guide you into what is right and which bank is the correct way to go. If you want further, more in depth advice, just PM me. 

@jaden adams - I would ask why not change your major to business? It is maybe an easier path for you and you can dedicate yourself to Real Estate, which is a business. And I am not sure what school you are going to but switching to a highly respected in state school in your area will give you the best education for your money. The things you learn in college (most importantly, following through) will show well when you move on to the next level. My father has a college degree and as soon as he got out of college he went back to farming...but he still uses his degree every single day. My two sense. 

@Tom Parris having purchased a condo in the past and looked at purchasing more, there is great danger when am HOA is involved especially when considering your neighbors. Unless you control the HOA, the rug could be pulled from under you at any time. Meaning, STR or any rental type of any kind could be prohibited at the drop of a hat. I don't know that market but in the KC area if you buy a condo and then you can no longer rent it out you are upside down pretty quick and they sell a lot slower than a SFH. I would first check on other investment types first for this kind of money. Even office and mixed use as the returns on these asset classes are higher and less headache.

@Trent Jackson have you looked at Midwestern cities? Typically higher returns on your investment. I am in KC and we have tons of California investors diving into the area. [Solicitation/Request to Contact Removed by Moderators]

@Erica Schubach sorry wish I could help you out. Any chance you would be willing to manage it yourself? A SFH is the easiest to manage and is not much of a burden on your time, especially if you have contacts of maintenance people on standby to help you in a pinch. If you would like to talk more about this strategy PM me for details.

I know it sounds generic, but like anything, it is all about the location and quality of the product. Look at the neighborhood, drive by the neighborhood, look at income and school ratings. See if it is a place you want to invest in. If so, run the numbers to make sure they work for you. What size properties are you typically looking for?