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All Forum Posts by: Account Closed

Account Closed has started 9 posts and replied 88 times.

Post: Cheyenne, WY 7 Unit Apartment Complex

Account ClosedPosted
  • Entrepreneur
  • Frisco, TX
  • Posts 88
  • Votes 44

Keep improving as much of the property as you can during this extended rehab. Make as much of it as possible new. Then, you can fill the place with good tenants at higher rents on a year lease.

Post: Turbulent start and I could use some outside help.

Account ClosedPosted
  • Entrepreneur
  • Frisco, TX
  • Posts 88
  • Votes 44

You should find a 2-4 unit property and use an FHA loan for 3.5% down as a live in house hack.

Post: Illegal leasing and false misleading and deceptive advertising

Account ClosedPosted
  • Entrepreneur
  • Frisco, TX
  • Posts 88
  • Votes 44

Contact your local RE attorney.

Post: Call tenant's employer about late rent

Account ClosedPosted
  • Entrepreneur
  • Frisco, TX
  • Posts 88
  • Votes 44

I'd recommend contacting a real estate attorney for any questions and use them to cover yourself.

Post: Tenant 14 day notice to quit for lease violation

Account ClosedPosted
  • Entrepreneur
  • Frisco, TX
  • Posts 88
  • Votes 44

Contact your real estate attorney.

Post: Just Completed My First BRRRR and made $15k!!!

Account ClosedPosted
  • Entrepreneur
  • Frisco, TX
  • Posts 88
  • Votes 44
Originally posted by @Brian Garrett:
Originally posted by @Account Closed:

I would refinance once you have 30-40% equity in the property in order to lower your monthly payment. 

Is there a benefit to doing such if they can still cash flow at the 70-80% LTV?

 Lower mortgage payment & higher cash-flow. 

Post: Just Completed My First BRRRR and made $15k!!!

Account ClosedPosted
  • Entrepreneur
  • Frisco, TX
  • Posts 88
  • Votes 44

I would refinance once you have 30-40% equity in the property in order to lower your monthly payment. 

Post: Buying a value add vs high performing

Account ClosedPosted
  • Entrepreneur
  • Frisco, TX
  • Posts 88
  • Votes 44

I would buy the property and save the cash flow to use for a value-add property. Win-win in my book. 

Post: Seeking info on commercial electricity usage

Account ClosedPosted
  • Entrepreneur
  • Frisco, TX
  • Posts 88
  • Votes 44

Hello all,

I'm looking for info on daily and monthly usage by commercial properties (small and large multifamily, office buildings, hospitals, hotels, shopping centers) to see how much electricity they use (ex. kWh or MWh) and some estimates for current monthly electricity prices.

I will be using this info to see how cost-effective it would be to sell combination solar systems with battery power (night/backup) to commercial property owners.

Anyone with guidance on which direction to point me in for learning more about energy generation, storage, and usage, or anyone in the energy industry, feel free to reach out and contact me.

Thanks!

Post: Seeking info on commercial electricity usage

Account ClosedPosted
  • Entrepreneur
  • Frisco, TX
  • Posts 88
  • Votes 44

Hello all,

I'm looking for info on daily and monthly usage by commercial properties (small and large multifamily, office buildings, hospitals, hotels, shopping centers) to see how much electricity they use (ex. kWh or MWh) and some estimates for current monthly electricity prices.

I will be using this info to see how cost-effective it would be to sell combination solar systems with battery power (night/backup) to commercial property owners.

Anyone with guidance on which direction to point me in for learning more about energy generation, storage, and usage, or anyone in the energy industry, feel free to reach out and contact me.

Thanks!