All Forum Posts by: Joe Yobaccio

@Kim Hopkins  I have been searching for the same thing.  I want to track exactly what you do as a service for my investor clients, but not get into property managment.  All the big softwares are for Property Management.   Did you every find a 3rd party service or just continue to build your own?    

@Chris Seveney thanks!   My next challenge is finding and partial buyer who will do it without taking over the entire note.  I am on Paperstac and JKP, but not Note Exchange or LoanMLS.  I have been looking at local private lenders, too.  Any suggestions?  I in in Los Angeles, Pasadena, specifically.

@Chris Seveney I am trying a simpler version of a loan partial, but want to keep my name on the note and Colllaterlize it for safety of a lender and would like some feedback on the terms.  If I Hypothicate and get a loan for $35k, I use the note as collateral and pay the loan like any other loan.  Or, if I  sell $500 of a $600/mo payment, I'll create a Ammortization schedule for the borrower and their payment comes from the Servicer.

I prefer to use the Partial method and also Collateralize the loan.  This would be with just one Partial buyer or you might call that person a lender.  This seems better for me as the loan is really just part of the payment and not another personal loan.  Any feedback on setting up loan partials this way?

@Lauren Sanford  Have you sold or purchased a Partial, but kept the note in your name and used a Collateral Assignment to protect your partial lender?   I'm selling a partial like this: $35k for 128 months of $550 a month at 15%.  I am planning on paying early and will use an Ammortization shedule.  My note is a performing 1st and I plan on setting up the lender with Madison Management so that the payments on the Partial come from the performing loan. But, that sounds like a Loan Partial.   I am not going to assign my full note, but will use a Collateral Assignment. Any feedback?  

@Alecia Bolton We are looking at selling a partial and most of the educational sites differ on who the Collateral belongs to.   You buy or sell? When you buy,how do you protect your investment, other than the formal agreement?  Do you get put on the note as another Party to the Note?

@Sean OToole, On the Propert Radar web version, there is an export option Wise Agent.  They do say they partered with Property Radar, but that they do not support property views, only contacts.  So, any list I export, will not stay as a list. Ie, I make a list of 800 homes in Los Angeles and distressed, that list will not stay as a list when exported.  Seems very inconsistant with what Property Radar is for.  I love the idea of using a CRM to enhance my ability to work on a list, but why did you choose Wise Agent?  Are they explaining it wrong?  

@John McKee on the 1500 sq foot spaces, besides cash flow, do they appreciate much?  How hard are they to sell at a gain?

@john mc

@John McKee I had RPL notes at a 15% yield in 2017.  Where are you now finding thise?

@Joel OwensI think you misunderstood the intent of my question. Let me reword. A multi family will not suffer 100% vacancy. A single family house will, but never will there be a question about filling it. In Commercial, single tenant NNN, you discuss how safe those are and how little an owner has to do. So, in your experience, what asset type has a lower risk of being vacant and do you have a ranking order based on your experience? The asset types: single tenant retail, single tenant industrial, single tenant office. I'm asking your opinion in general, not for a deep analysis of all the metrics that can be involved in specific scenarios. Thank you!

@Joel Owenswe are in a 1031 and looking at buying several single tenant NNN industrial and medical buildings with lease tears remaining of 4-7 years. The passive income and strong corporate or regional tenants is the reason we are interested, but my concern is that if any of those relocate, we may have a long vacancy. We are looking at high growth areas with large populations, yet, we are new to NNN investing. How would you rank the risk of losing income of the following: single tenant medical, single tenant retail, multiple teant retail, multiple tenant medical condos/office, fast food chain, Dollar General or similar, Big distrubtion buildings custom built to the current tenant and professional office multi office? And, once the years left gets down to 2 or 3 or 4 years, do you try to sell or hold till you get a long term renewal or new long term tenant, as your hold or exit strategy? @Greg Dickerson, I'd love to also hear your answer on this, too.  Thank you!