All Forum Posts by: Kushaal Malde

Congrats on the purchase @Christian Trocke! Are you local or based in PA? Do you self-manage? How has it been with tenants there? Look forward to hearing more about your deal!

 Absolutely, I'll message you!

@Leslie Awasom congrats on closing! That's a big boy deal. What is the business plan and story behind the deal? What kind of financing did you secure? Excited to learn more about Grove Parkview. 

@Ryan Lewis congrats on the purchase! What kind of financing do you have in place? 

MTRs will require a little more hands on management so make sure you account for that, whether it is you or a 3rd party. Are any of the units currently MTRs? What kind of leases are in place for existing tenants -- important to know how (and more specifically when) you plan to raise rents and make tenants pay their own power, cable and internet? You could even consider providing a managed cable and internet service and pass the costs to the tenants. 

I like the batches of 2, it could be easier to furnish and bring you more savings that way. Just make sure there is a good demand for MTR to support this kind of initial investment. You could post feeler ads on Craigslist, Zillow, FB marketplace, Airbnb etc to determine this.

@Simandu Yakubov welcome to the commercial world. You've received a lot of great pointers here from the other posters in this thread. I work as a Commercial Mortgage Broker and would love to connect if you have a sample deal you wanted to get some debt quotes on! 

Hey @Kambhampati Aswin I followed a similar path as you, first a DA and now originating mortgages and investing in real estate. Would love to connect!

@Natalie Gelbke-Mattis congrats on the success so far! I'm a commercial mortgage broker and I'd love to connect to discuss debt financing strategies as you come across potential deals. 

@Diandre Pierce some excellent suggestions here on the thread. Sounds like a great opportunity that you are pursuing! Generally speaking, you should always first explore and exhaust the seller financing option especially given a friendly seller. 

@Roger D Jones and @Dominic Mazzarella hit it on the head: try seller financing first and see what his cash flow needs are and/or if you can reduce his CG taxes. 

I'm also a commercial mortgage broker. Would love to connect to discuss strategy and debt options to keep in your back pocket so you can make an informed decision for the path forward.

@Zachary Harrison you have some great suggestions here from others. I'm a commercial mortgage broker and would love to connect and discuss some financing approaches and strategies for this acquisition.

I think @Brian G. and @Jaycee Greene hit it on the head: an event occurring/debt resetting.

When the debt forcefully resets on some of these assets, valuations drop if the submarket cap rate has expanded and/or if the operator can not show a good t-3, t-6 etc due to economic vacancy and rising opex (insurance, r&m etc).

If the operator can't inject equity to cover the difference, then trouble arises.