All Forum Posts by: James Luctamar

In the process of applying for an STR permit I'm being asked for a 24 hour local contact with a residential address. If I plan on self managing the STR from a distance what would be the best solution for a 24 hour contact for the application?

Thanks in advance.

I would look to get a P.O. box or contact a local PM company that whose address you can use. Let me know if you have any questions.

They don't allow PO Boxes.

0 Votes

Columbus, Ohio

Good afternoon,

I am an investor located in New York. Investing in Columbus Ohio. I own a few multi family homes and i'm looking to do a hybrid of STR/MTR & LTR

Thanks in advance.

3 Votes

Columbus, Ohio

Quote from @Evan Polaski:

@James Luctamar

What are you looking to achieve?

If you just need help working through an underwriting model, Adventures in CRE has a course (I have not taken) and they have some great pre-built excel models. The challenge is: learning how to plug in data and assumptions into excel is one thing, and can be easily taught.

The more dynamic part of underwriting is the actual assumptions you use. Here, you should be looking for local investors, property managers, brokers to understand the fundamentals of each asset's submarkets. Turnover costs and frequency, vacancy, etc commonly is higher in lower income areas than higher income areas. Higher income areas generally require more cost in landscaping and overall upkeep to maintain a higher end product that the tenants will pay premiums for. What each neighborhood is looking for will be unique and requires a local expert to help provide that type of input.

I am looking to understand how to master plugging in the data and assumptions into excel but also the dynamic part as well! Your response pretty much nails it on the head. As well as just consuming the proper education and tools to do so. @Evan Polaski

0 Votes

Good afternoon!

Just looking to sharpen my skills for commercial multi family. I am knowledgable with small multi family but I am just looking for guidance in terms of properly assessing/ underwriting commercial multi family deals (value add)

Currently I am located in NY but a remote investor in Columbus & Cleveland. If anyone can point me in the right direction, would appreciate it deeply! As always if there is anyway I can add value to you please let me know, lets all grow!

3 Votes

Quote from @Bob Stevens:

Hit me up, I have done about 500 deals in the Cleveland markets over the last 7 years or so, nothing I do not know about. I turn down 10 deals a week ,

BTW we are trying to buy everything in parts of EAST Cleveland just no inventory

Sent a pm!

0 Votes

Columbus, Ohio

Quote from @Nicholas Salman:

Hey, James, congrats on all that you have going on, that is really exciting! I would love to connect and hear all that you have going on and see if there's a chance I can help in any way in the future! Take care, best wishes.

Sent. pm!

0 Votes

Columbus, Ohio

Quote from @Jimmy Lieu:

Quote from @James Luctamar:

Good evening,

Would love to connect with current operators in MTR/STR space in Columbus. I'm a remove investor and would love some insight on a few things!

Hi James, I work with a lot of STR/MTR clients and have helped them find quite a few investment deals here in Columbus, it's a great market for finding short term rental and mid term rental deals (especially with how many hospitals are nearby)! I'd love to introduce you. As an investor and agent here in Columbus Ohio, let me know if you have any questions or would like to connect!

Scheduled a Call @Jimmy Lieu

0 Votes

Columbus, Ohio

Quote from @Jonathan Styer:

I own an STR/MTR management company here in the Greater Columbus area. Happy to chat at your convenience. Send me a DM.

Sent a PM @Jonathan Styer

1 Vote

Columbus, Ohio

Good evening,

Would love to connect with current operators in MTR/STR space in Columbus. I'm a remove investor and would love some insight on a few things!

1 Vote

Columbus, Ohio

Good afternoon!

I am a remote BRRRR Investor. Currently investing in small multi family but looking to transition to commercial value add's in the future. I am looking for someone to refer me to a lender/ company who provides HM loans but with deferred interest payments! Looking to scale with more acquisitions but at the same time mitigating the monthly recurring interest payments during the duration of the loan. I appreciate all of your advice and references in advance.

0 Votes

All Forum Posts by: James Luctamar

James Luctamar has started 23 posts and replied 81 times.

Post: Getting approved for an STR permit in Columbus - Out of state

Post: Getting approved for an STR permit in Columbus - Out of state

Post: Best Paid/Free Resources for Underwriting/ Deal Analysis

Post: Best Paid/Free Resources for Underwriting/ Deal Analysis

Post: Looking to connect with Multi Family Investors

Post: Looking to connect with Multi Family Investors

Post: Columbus - MTR Operators!

Post: Columbus - MTR Operators!

Post: Columbus - MTR Operators!

Post: Deferred Interest Payments - Hard Money Loans