All Forum Posts by: Logan Graham

 That is very helpful. I know most of that information and it is good there. The auto shop has a lot of people that want to use it. What is normal for monthly expenses? I know I would cover snow plow and lawn care but should I be analyzing this like I do with a multifamily for expenses? 

It is on the corner of a small town. Right now there is a Marshal Arts studio in one side and the other side is empty but it is an auto shop.

I have been in the multi-family space for a while now but a commercial property just came across my desk and I am trying to run the numbers on it. What are some things to look for that are different from a multi-family property? 

The three books that helped me wrap my head around syndications are

-The Multifamily Millionaire Vol. II by Brian Murray and Brandon Turner

- Best Ever Apartment Syndication Book By Joe Fairless 

- Raising Private Capital By Matt Faircloth

I am currently renting to an organization that has people in the apartment for a year at a time and they asked if I could add internet to the rent price. In your experience would you just add an addendum to the lease or would you create a new lease and rent amount? 

I was thinking about just creating an addendum to pay for the internet separate from rent until they renew the lease then include it from there. What are your thoughts?

Put the best CPA's contact info below! I am looking for someone that can work with me for end-of-year taxes and tax planning. 

Thank you!

I did grow up with my parents buying rental properties and I was very involved and always knew I wanted to buy some rental properties but it wasn't until I was in college and took a real estate class (looking for an easy/fun class) when I learned about bigger pockets. In early 2018, I started listening to the podcasts and I graduated later that year. We didn't have much money because I was just entering the workforce so I was looking to house hack. I looked for about a year and put multiple offers in on duplexes to house hack. I lost every one of them (and this was in 2019). We finally found a big fixer-upper at a very low price. So after telling my wife who was pregnant with our second child that I would fix the house to her standards before we moved in and putting a lot of sweat equity into the house. We got a house with little money in and only a $400 a month mortgage. This has helped us a ton to save up a lot of money to fund other deals and we also now have a lot of equity in this house so we can sell it and upgrade to a nicer house to live in when we want. We didn't get what we wanted at first but by opening up what we were looking for we still found a house hack that allowed us to make more moves in real estate. 

I have been involved in smaller multifamily deals for many years. My goal has always been to own a large multifamily complex. I am starting to learn about syndications now and I want to know what made you choose to work with real estate syndications and how you got your start. I have been doing my own research so far but if you have any recommendations on how to learn more about it please let me know. 

Defenilty switch to natural gas will be cheaper. If there is currently only one boiler for all 3 units spiting it up is going to be hard. The best way you want to do it is to have different boilers for each unit so you can charge them fairly. However, that comes with its own expense of buying new ones and keeping up on maintenance. If you aren't up for that I would still switch to natural gas and then keep the rent prices at a point that reflects you are paying for the heat. 

I will definitely check out your book! That is what I am looking for. Because I am looking to get loans from others but also partner with some people and I want to make sure everything is put together correctly so we don't run into preventable problems. Should I just reach out to an attorney and talk with them to better understand the more state-specific details?