All Forum Posts by: John Casper

I am also looking for all types of valuation methods to cram into my excel spreadsheet, this way I can spit out as many numbers and angles as possible (easily) while evaluating. If anyone would give me some feedback on my sheet I would appreciate it. PM for my MAT (master analysis template =] )

Commercial tenant pays substantial part of expenses.

RE Taxes are only 9.5k yearly

I wish I did have those contacts but it is my 6th month in the biz and my rolodex is lacking.

Could an interest only loan be viable?

Maybe sell the retail unit to the tenant?

I am a commercial broker in NYC and constantly source deals that are great for other investors. I have finally found a property I believe is a great deal, provided I do some creative financing... this is where I need the help/advice. (New position in my 1st year)

The Deal:
6 story mixed-use walk up. $3mil

Cellar, GF & 1st Flr: Rented until 2020 - 9k/month (5% yrly escalation) 108k annual

2flr - 3rd flr: Rent comps show I can pull in tenants at $6,870 /mo $82,440 annual

4th and 5th Flr - owner occupied 2bdrm and I am renting out 1 room to a friend for 1k - market rent is ~1.5k.

Financials:

ROI: 190,440
Expenses: 19,950

NOI: 170,490

Price: 3,000,000
Cap: 5.6%

Reason why I like this deal - Great property in an amazing location - RE tends to appreciate by 7-9% annually and a high demand renter market (close to 6 diff universities including NYU) Space for me to live is a duplex that I can share with a friend =)

So because of the equity appreciation, I would not mind if I can buy this with even a few hundred dollar monthly spread. I have 100k I can out into the deal and I could potentially source an additional 300k-400k. The rest would have to come from a hard money lender.

Ideas? very unsophisticated with how hard money lenders structure terms/ flex in structuring.

Bill Gulley , not sure if you posted a bad link or not but when I click on it, it tells me the page is not found.

Thanks for the info Brian!

Any other experienced investors willing to share some other strategies and a brief summary of what they are?

Hey BP,

This post is meant to help all others who come after me... essentially I am looking to create a short 2-3 sentence summary for any and all real estate investing strategy there is. This post is NOT meant to be an "end all be all", but simply a jumping off point for newcomers who are theory educated and NOT experienced educated (like me) to best determine what they would like to focus in. If you decide you like a particular strategy, it is then up to them to research all they can regarding that focus.

But starting out, I think a general database of all strategies out there and a short summary would be very beneficial to those first starting out... especially from experienced investors.

I'd be very interested to find out what happened, don't forget to update us!

Thanks Keita!

Brandon Turner - Thanks for the advice I deff plan on taking full advantage of these forums. I work exclusively with off-market deals in NY and as such I have to increase my investor network instead of merely advertising the properties.

Simon W. - Sounds good simon ill send you a pm now

Hello everyone... just as the title suggets I am a recent graduate of NYU Stern and decided to go after the big money in commercial real estate. I am hoping to use this site to network as much as I can with investors and developers interested and active in the New York City region.

I was born in Colombia but grew up in Queens, NY... I do have some business dealings in Bogota to whoever is interested (just pm - real estate only!)

I am a huge sports guy and if you ever need a ringer for basketball or baseball in NY, I'm your man =