All Forum Posts by: Keith Lanier

Hi Ms. Kristi, sorry for the delay, and thanks for the reply.....Listen this is a small town that needs some sprucing up, they do want the development, but TIF is not a strong suit for this community, although they have done some TIFs in the district, however this is on a different level? Do you have a background on TIF developments? 

thanks again!

Hi Kristi, thanks for the reply? My first question, is what is UW, what is that Acronyms? This is a small town, and I am dealing with the Treasury dept, of this City, they are not sophisticated on the matter, they want the project, however, I will have to get outsiders involved? Any commentary is appreciated....

thank you Ms. Kandel

Greetings, Mr. Jacob Valle, thanks for replying and reaching out to me....If we can schedule a call this coming week at your convenience I would be more than happy to jump on a call, to see if you can be of some assistance, that would be great? If you  could provide a day and a time, that would work for you, I will schedule it? How does that sound?

Thanks Mr. Jacob

Hello everyone, I am looking for a seasoned developer to assist me with a project in IL, and very familiar with Tax Incremental Financing? I have been working on this since Jan 2024, this a large project, and currently I am working with the City...If anyone understand the financing strategy, and have a background in Commercial/Residential development, please reach out to me....

thank you!

Hi Janasia, how are you? we just started a company, and we have dived into tax liens, so I am still kind of new at this, but if you are interested in tax liens, I would say it is the way to go, also I have not taking any formal educational program, not yet, I just have gotten a source that I could purchase tax lien properties from and it has been very valuable....So what questions can I answer for you? Good luck to you!

Need more information on what the Buyer that is assuming the debt, what position that buyer needs to be in? What is what I am examining from someone that is a expert of a Mortgage Lender familiar with HUD lending guidelines....

Thank you!

16 Units, Fully occupied, Long term tenants/renters, All the units are in solid condition, could use added value, with minor upgrades, I want to know how to determine the Cash on Cash, and NOI, Capitalization Rate, Gross Rent Multiplier the income annually is just over $125K about $10.400 a month a Door, what else is needed to determine the current market value? thanks in advance that anyone that can help?

Is desktop appraisals still used?

thanks again

Thanks Jessie for the professional insight.....

Hello Real estate Bigger pockets Forum Community, I am hear asking does anyone know about Transactional Funding, and how it works? I have been reading on it, what are the pit falls, or the things that could catch you up in something negative? If I have my B-C end buyer solid, and can close is that all that I should be concerned about?

thanks!

Warrick, it seems that we are in the similar places or space? You are right, they want $1,000's, and I can't do it, and I have mentor as well, not in the Commercial space but in Residential, here is what I can tell you I don't think that someone that has a expertise in the field, and qualified to mentor, you will stop making money just to teach you for FREE? Why would someone? They platform cost a lot of money to put together, and they have to pay people and then here comes little ole Warrick that wants my time, and someone just called that is willing to give me $10K, for mentoring them!!! Now someone that don't that much they maybe willing to teach you for free, or at no cost, as they say you get what you pay for? Look at it this way, would you rather learn on your own and make most of the costly mistakes to learn that could cost you thousands of dollars, or would you rather give that money to someone to learn and keep from making the mistakes, either way, you have to PAY one way or the other, I would rather take someone with me, to mitigate the cost of learning....Now CPA, I am really interested in them but they do want $10-40K to start, but if they think that I am not going to teach my company associates how to do what I have learn, and carry this for a whole year, if I am splitting my profits over a year, someone in my company will be doing deals for the company for the company, not just CPA, you are smart you will pick this up quickly, if you know someone that has worthy credit, you can do a lot, or start wholesaling and no money is need to do that, I have been offered $250K on the deal I have under contract and if I can't get it financed, I will take the assignment money and run and try to do it again, until I can buy my own apartment complex...Good Luck!