All Forum Posts by: Charles Kao

@Kevin Hofstee

Not common but if they want originals and thats a hassle then you can do certified copies or to a recertification of trust which is a document that basically says as of todays date the trust dated on so and so date is the most recent version.

@Prachi Metha

Post your listing and are you sure traffic or just no bookings? Always price your place under market until you get a few reviews.

@Christina Jinez

If you want to make alot of

money fast I’d recommend residential. Commercial is a tough game because people

want experience and thats why many who get into commercial start out as an analyst at a big box broker or they have alot of personal

experience investing in commercial. If you got commercial be prepared to wait months before you close your first deal.

@Ryan Hemeyer

This is not an easy solution. I can tell you that we use my lawyers contact information for registered agent and then of course we have holding and operational companies. Best best is Google to find out what other companies are associated with the entity that owns and maybe a press release. I don’t want to be found so I make sure none of my holding companies are ever mentioned on any of my websites or anything. Hopefully the owner slips up on paper trail and puts their name somewhere as registered agent or filer.

@Michael P.

Michigan did not lose population. It just other states in the SE grew faster. Your fact is 100 percent wrong.

@Deidra Swenson

If you stabilized it 9 CAP is high. I would think more like a 8 CAP. Congratulations!

@Toben B. They want to know you are qualified and not wasting their time because there is so many tire kickers that just want to look. Ask your lender you have used in the past to complete one as this is common. Lenders only issue them for clients they are comfortable with so it says alot about you as well. What you’re saying is why the obstacle to commercial real estate can be high but sounds like you have a lender you’ve worked with that could help you out. There are alot of people out there that are qualified on paper but still not qualified as far as actual taking down the deal so keep that in mind that is just as important.

@Kevin Reinell

I would stick to the advice given previously. Shopping multiple brokers which seems like common sense in residential but not the case in commercial because to be honest getting one good broker to pickup your phone is enough. This is not residential real estate where you need more than a dozen deals a year. One good commercial deal will make your year.

@Dennis Tierney

Don’t use price per unit. I prefer net rentable square feet and rent versus square footage. In general that sounds high. Even if you are buying at 72 square foot, far above cost to build that would be less but it depends how big the hallways are on the climate control.

@Paulino Gonzalez Take is as part of a team

and have patience. There is plenty of knowledge put there to be learned so read and listen to as much of it so you can contribute to a team.