All Forum Posts by: Jaden Ghylin

Can anyone recommend a good Podio consultant?  We are using InvestorFuse now and looking to customize more.

Thanks,

Jaden

Hello all, I hope you can all point me to some options here.  We've been doing a lot of online marketing successfully and really saw great results when we started to hire experts in the proper marketing channels to manage our campaigns for us.  The cost of hiring professionals has been more than covered by the improved performance and offloaded work from us.  We've been sporadically doing direct mail, but have not had the time to perfect the systems necessary to really make it work for us, but we have seen the potential from a few deals we have brought in.  

I am looking for a service in direct mail where we can work with a professional that specializes in direct mail, preferably with a focus on real estate investing.  We'd like an agency or consultant that is able to pull lists, manage lists, provide designs, drip mail out, basically the whole campaign.  I have not had much luck finding such a service.  Let me know if you have any ideas.  Our spend would be sufficient to justify a professional campaign manager.

Thanks,

Jaden

Hopefully this is in the correct forum.  I am looking for some advice on where to find a good mastermind group for flippers.  We are running a flipping company in Minneapolis, MN doing about 40 deals/yr and would like to network with others at the level or above.  I'm looking for people that have been where we are and can help us find some shortcuts rather than reinventing everything.  Any advice would be appreciated.

Thanks,

Jaden

Can anyone recommend a good responsive real estate attorney in Minneapolis area that can help clearing up title issues?

I just started a new real estate meetup in the south metro in bloomington. Would love to see some BP'ers there! First meeting is lunch at Joe Sensors. Check out this Meetup with MN Commercial Real Estate Investors Association | MCREIA http://meetu.ps/e/.cqwxbmyvpbvb/dC28z/d

I just started a new real estate meetup in the south metro in bloomington. Would love to see some BP'ers there! First meeting is lunch at Joe Sensors. Check out this Meetup with MN Commercial Real Estate Investors Association | MCREIA Minnesota-Commercial-Real-Estate-Investors-Association.  meetup.com/Minnesota-Commercial-Real-Estate-Investors-Association

I am new to commercial development and I'm looking for some resources on how TIF can be used to help fund a project in Minnesota.  I've been having a tough time finding much education on this.  Is it possible to use TIF to fund part of the down payment for a new project?  How does that work?  I understand that TIF effectively freezes the property tax at the pre-project value, but I don't understand how that could be used to fund a down payment on a project.  I'd appreciate any insights you all may have on this.

Thanks,

-Jaden

Anthony, are you still offering the coaching?

Jaden

@William Kyle Walker

Thanks for the feedback. The initial proforma looks very good, stabilized NOI is about 20% of final investment amount. I have already shopped all of the competing facilities, most are full with a waitlist. There are a couple with openings, but they are higher priced. We are targeting mainly private pay with approximately 15% public assistance.

Good point about lawsuits, I will check that.  The market demand study shows a large population in the 50-65 age range and growing about 20% in the next 5 years.  Median household income of that age bracket is $100-120k.  

I am still working on the financing.  I have a bank that I've worked with in the past that is interested, we are still working through it.  

Good tip on Oxford buying equity.  I ran that idea past them and they responded that they don't invest in the facilities, only the management business.  

You are right on about the dry powder.  That is what I'm working on now.  Need to raise the proper amount of equity and financing to carry the soft costs until break-even.

Thanks for your input!

-Jaden

The operator is excited about the location of this facility because it's at the intersection of 2 county roads with good traffic, but it's set back on 33 acres in a very quiet, peaceful setting.  The landscaping, ponds, and flowerbeds are beautiful and the lot backs up the Mississippi River with great views of the valley.  There are walking trails, gardens, wildlife, and a pool.  Most assisted living facilities don't offer any of these amenities.  We are also investigating the potential for having a couple of horses on site for therapeutic purposes as horse therapy has been shown to help with Alzheimer's and healing in general and of course people love horses.  The possibilities are exciting!

-Jaden