All Forum Posts by: Vlad Denisov

Jonathan, I want to invest out of state in Phoenix. I live in LA, so it's about 5 hours by car. I have never been there though. I'm wondering how deep investors research crime activities when deciding if area is safe enough. I mean, in most places it's ok, so as long as you don't feel unsafe walking down the street - the crime should be fine, isn't it? Am I wrong? Can we use this feeling as a rule of thumb? 

P.S. How bad were the areas you invested 5 years ago? Was it Superbad? Can you describe how the neighborhood looked like?

Thanks to all of you guys.

Basically, what I got is that I have to educate myself to such an extent where I know what is the most important things I'm looking for and then all the small things you just learn on the way. Does it sound right? You don't recommend learning those small details of the process so far and want me to focus on fundamentals and more 'real' things?

There are plenty of sources to to run crime reports. How do you decide if area is good or not in regards of crime? Is it better to buy fresh reports or to use free information on internet? How many square miles should be the area around the property that we are looking at? What kind of crime is relevant to our business (Imo like murders, rapes, vandalism) and what can we skip?(like theft)

Yes, I'm new to the game, that's why I want to be able to imagine the process that I have to go through in my mind. So, what's gonna happen after we get rent roll, T-12, P&L, OM and after we process all this information? We ask broker any questions we get on the way right? We come up with our numbers and they can either satisfy our target or not. Do we go only for deals that satisfy as already or also for not so good deals but if we think we can negotiate the deal? What if a deal is out of state? At what point do we have to send LOI and actually fly to the property to inspect it? Is it better to do due diligence for many properties in the same time to fly and inspect them all? ( This way we can save up on travel costs)

 This is the exact advice I was looking for and I needed. So simple and so profound in the same time. Thank you, Stewart.

Hello everyone!

Question to those of you who represent wealthy individuals: do you recommend your client to send over anything where he puts his signature? Do you actually check every document that your client ever signs before he does so?

If yes, is it a good advice for a beginner investor? What are other valuable hints you can share? :)

1. Let's say I find a deal on Loopnet. What information do I have to get from the commercial agent? Or I have to get it from a seller? If so, should I ask agent the contact information of the seller? At what point do I want to contact the seller and what information I have to get from the agent before I start speaking directly with a seller? It really confuses me. Can you people who had actually bought properties, describe for me how it process looks like? 

2. Cardone wrote on his site that you can't find a great deal on Loopnet. How do I find great deals? Is it only possible if you have special type of friends or a normal person can find it for sure if knows how to look for it or whom to ask?

 Hi Bob,

I'm looking for multifamily, class B-C, about 30 units. Price is tricky, because if I find a great deal, I think I will be able to raise money.

There are different areas and which of them has its own average GRM. I am wondering what forces do affect these trends? Why in some part of the state we can have GRM as high as 12 and in other as low as 8? What is the logic behind it?

Hello everyone!

I live in LA. Cap rates here and tenant-friendly environment aren't what I'm looking for, so I want to invest out of state. 

Phoenix looks good on demographics, jobs and it's also only 5 hours by car. Since I'm not familiar with this area, I'd appreciate every piece of advice you guys can share :)