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All Forum Posts by: Keith Schneider

Keith Schneider has started 0 posts and replied 8 times.

Post: Million dollars

Keith SchneiderPosted
  • Schaumburg, IL
  • Posts 10
  • Votes 0

Hi Luke. My name is Keith Schneider. Here is what I would do. I would find the most prime piece of commercial revenue generating property that I could find, that would be fulfilling a dream to own, and then I would contact someone [RMOVED] that would use that mildo you have to invest as your skin in the game and then exponentially increase your leverage by bringing in their private equity capital dollars to fund the deal of your dreams. It could be structured in a creative debt/equity combination that would best suit your business needs. And then my friend repeat process as often as advantageous!
Keith Schneider
[REMOVED]

Post: Hard Money or Equity partner?

Keith SchneiderPosted
  • Schaumburg, IL
  • Posts 10
  • Votes 0

Private Equity money is a manner of raising funds on a limited or nonrecourse basis, limiting the contractual liability to the particular project. It can be done so as to contractually protect the general cashflow and debt to assets ratio of the balance sheet. The way the deal is structured between debt and equity can also perhaps lend greater flexibility to the company to do business if there are previous lending restrictions in place limiting the taking on of additional debt.
The use of private equity capital is also a good way to share risk between principal and equity partner, risk being contractually limited to the undertaking at hand, rather than commercial bank loans requiring recourse to collateral assets. Private Equity funding is also great when transmitting proprietary information generally to investors could lead to security leaks, since all interested parties sign a nondisclosure agreement and have a vested interest in keeping matters private due to commercial competition. Of course these factors need to be discussed with an accountant, as there are footnoting requirements for such transactions required, but in structuring equity may provide less restrictions for the principal.
Keith Schneider
k.schneider.commercialfinanceBill Gulley

I think that the report is the most important aspect for evaluating the nature of the purchase, residential or commercial. If you are the seller you can do the repairs and this way protect your asking price from vultures, by saying this is what was wrong this is how it was fixed, or even giving credits for repairs to be done against asking price.
Make certain whoever is doing the report knows who is paying and as suggested previously herein, there are ways to frame the wording of certain elements of the report to put the property in best or worst light, depending upon the position taken in the sale.
If you are a buyer and do not ask for a report to be done, saving money this way is not advised. The buyer needs to know what's up with the property, and the seller needs the report, for the sake of making legal and material disclosures under the contract about the property so there is no backlash when defects such as mold are discovered and undisclosed, which is ground zero for litigation.

Post: Broker Fee for Multifamily Portfolio

Keith SchneiderPosted
  • Schaumburg, IL
  • Posts 10
  • Votes 0

Sas S. Congratulations on your listing. I hope that you make your full commission and have a great smile on your face! Now hopefully all you have to do is find a buyer and determine the selling points of the property, demographics, economic, and hopefully comps of other like properties in the region, and my hope for you is no snags, smooth, though this is rare! If you want to continue this conversation why not email me at [url][email protected]

Here is a suggestion Justin. Why not see if private equity capital could invest along with you in your property. Private equity is not bound by the same restrictions that commercial banks have, and may be able to fund your project when they cannot do so. It's like having a partner and with their money along with yours you can dream bigger commercial or mixed use dreams, leading to bigger dollars and a more expansive powerful portfollio. If you have any questions such as what requirements there are for a free review of funding interest contact me at [url] [email protected]

Post: Triple net leases and buying commercial

Keith SchneiderPosted
  • Schaumburg, IL
  • Posts 10
  • Votes 0

OK this may be a funny way of analyzing whether its a good deal or not, by seeing if equity capital would fund your project. They would analyze the deal with you in mind because everyone would have skin in the game, and if they would join in investing, it would cut your risk in the investment and the gain, like having a partner. So their experts for instance would likely determine if the property was currently viable in the marketplace or whether maybe it needed conversion, and maybe they would invest in that right along with you. Equity capital allows you to play bigger in the game and would allow you to remain in control as the principal.

Post: Making offer on unlisted property

Keith SchneiderPosted
  • Schaumburg, IL
  • Posts 10
  • Votes 0

Hey I would say there is nothing wrong in presenting or having an attorney present what you feel is on the low side of a fair offer so they may have incentive to sell and you have some room if they counter. You know though wout an inspection you do not know what you are getting yourself into, but if there is warranty involved as a term- I'll pay this much w warranty about all listed contingencies may be a way to go. You never know what the true situation is, I doubt many would tell a prospective buyer they have to sell the property. You are betting on future development and that is how the big bucks are made! Good luck!

Post: Advice on networking

Keith SchneiderPosted
  • Schaumburg, IL
  • Posts 10
  • Votes 0

Acencion, your basically expressing a fear. It is great that you are geared towards moving forward. Just remember that everyone has fears, and maybe if you express your fears to the group, scary as that might be, maybe you will find that others have the same or similar fears to yours as well. Another suggestion is to do some research into real estate investing, maybe call some brokers and ask them a question or two and get them talking about their industry. Oh as for that gender thing, baby that's long gone, and everyone is interested in making money in business, and just tell yourself you can do it, take some risk to be who you want to be.