All Forum Posts by: Martin Z.

Getting into real estate with a few thousand is actually really inexpensive when compared to any other business out there. I know in the CA books, it warns you several times to save up $$$ beforehand and 12 months of living expenses. You need cash,  and pretty no brokerage is going to front fees. 

Why not get a loan from a local bank, like a 10k or 20k line of credit. 

Checkout Microsoft publisher or Adobe indesign to create flyers. Depending on the property, I'd go with 2.5 to 3% for a tenant rep, 1.5% is a joke to them. 

I really really really do not like associations of any sort. I'd rather buy something on its own parcel and only have the city to answer too. Also, i feel like your condo's unit is 100% directly tied to the other comps inside the same project.

Have pricing and packages listed in detail, I remember when I needed a photographer in the past I went to craigslist and viewed a few sites, and the ones that didn't have their services detailed, I skipped.

Off Market, connect with commercial brokers and contact building owners directly.

When is the tenant's lease expiring? if the end date is far from now, it would be kinda pointless to contact the tenant and may work against you as other's mentioned above. I personally wouldn't cut through the owner/listing broker, I'd just move analyze the deal in terms of the worst case scenario.  You may also want to requesiton gross sales figures if that's something the lessee is required to report to the lessor.

Hi everyone, I'm new to 1031 exchanges, what safeguards are there so an intermediary doesn't steal your funds on a delayed exchange? Are the funds somehow insured?

Thank you in advance.

Which do you prefer when sending offers in for commercial property, a short format 1 page sheet with summary of terms leaving it to later to draft the full purchase contract, or do you prefer to send in the offer with the full agreement and escrow instructions to begin with?

thanks

You don't need an agent, just submit the offers yourself, you don't need to become licensed as you're working as a principle.

In NET leases, tenant pretty much pays for everything listed there. On common areas, they pay their portion that's most of the time calculated as a percentage of total cost based on their unit's SF or their usage. But if you're looking to bring in a new tenant, I would make sure everything is handed over to them in good condition.