All Forum Posts by: Jon Klaus

Toward the end of this year I bought my office building and renovated it for 35k upside equity value from purchase price , hired a full time in office worker and set up intricate systems and processes for incoming leads. Set up a recording studio for daily videos on commercial real estate. Almost there with it. 

Currently working on closing out 12 million in 1031 purchase property deals with clients. Already have other transactions lined up for 2016. Getting a bunch of requests for me to syndicate. I will be going after value add retail centers along with developing STNL out parcels.

I want to stay fluid with the market so I do not want to take on very large projects that could take years to build from the ground up. I saw a lot of developers in 2007 get pounded trying to make the huge scores when the development cycle changed on them. People do not realize those big land deals sometimes take 5 years to decades to accomplish if ever. If everything goes perfect with market conditions I have seen larger new projects fully functioning with unanchored strips in 2.5 to 3 years. I am not including STNL or 2 to 3 top properties as those go faster. 

STNL I can let someone do the heavy lifting creating the big stuff and once accomplished develop the outlining areas. Start to finish you can have multiple small STNL projects going and if the market changes you are not overleveraged like building very large strips centers from the ground up.

@Jon Klaus

1. conference in LA next weekend

2. conference in Vegas the following

3. Thanksgiving in Maui

4. close first 2 homes of the 27 I have going in PDX subdivision

5. close on 24 lot subdivision with bank A and D  Dec 15th and start streets and underground in late winter.

6. just keep on keepin on... stuff really runs together these days.

Be thankful for a great year and the massive rebound in Real Estate. !!!!

Close a deal my Condo Association is selling.

Get rehab financing for a SFH I just purchased with cash.

Launch my business as a Realtor.

Complete 2 rehabs I currently have going.

Make, or at least subscribe to, one my MF investments.

Potentially refinance my Sherman rental.

Set up Quickbooks, get caught up on bookkeeping, and prepare for '15 financials and tax filing preparation.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          

- Finish my first flip, list it, and get it under contract.  It's in an up and coming area of Jax and it will be finished and listed by Thanksgiving.  I know maybe not the best market timing with the holidays but that's when the product will be ready.  Keeping my fingers crossed.

- Finish the rehab on a buy and hold that's in process and get it rented by Jan.

- Get another rehab under contract, decide if it's a flip or buy and hold.

REI is a part time job for me SO FAR and if I finish these three goals I'll be happy.

Most times, it just stems from greed. Though a vacant unit does nothing good for no one. Airbnb is a new area I'm hearing about a lot lately. 

Well we rehabbed one duplex and still have to get the 2nd tenant so we can refinance it.  We would like to get that done by then end of the year.  We own 5 Duplexes.

We need a new roof on another  of our other duplexes and we have to do that before the end of the year.