All Forum Posts by: Rafael W.

I'm looking to buy single family homes in Ocala if i'm being perfectly honest. How do you see the market moving there? Has there been a big jump due to Covid or has it been more stable? 

Just wanted to know if someone here owns multiple homes in the Ocala area and what you think about it? 

@Scott Mac have you done a lot of industrial deals before? 

@Cason Acor Thanks for the thorough response, it is my first industrial deal, this is only because I NEED to invest in Opportunity Zones due to missing my 1031 window. I'll think about sending you a message. 

I’m looking at purchasing an 18,000 sq ft warehouse that’s been vacant for quite some time. 

I'm having trouble evaluating the price they're asking since I have no recent comparables to determine the NOI since the property's been vacant for years.

I’m also unfamiliar with the industrial property class which adds to my difficulty. 

Is there anyone out there who understnds warehouses and knows how to evaluate vacant ones?  

Just wanted to know what the current zeitgeist was on opportunity zone investments on the commercial side. I am looking to purchase opportunity zone investments less than 6 mil in the southeast United States, is this even possible? 

Reading this made my day. What a journey man. Amazing.

Hey April,

I know how you feel being nervous about making the jump from a comfortable situation to an unknown. Know that everyone else who's done something great has also felt this exact same feeling. 

What I would do if I were in your shoes is research on the perfect area for your next REI. Then I would contact an agent in that area and get in touch with other investors within that area, ask them who they're property management company is, what the market trends are, etc. I would also look to become more sophisticated with your investment, With 200k, you can contact a lender and possibly get a commercial property that would bring in much more than just 5k a month for you. There are ways to make this work, i've seen my father do it with my own two eyes.

@Bjorn Ahlblad How do you know what the right amount of money to spend is on repairs? 

My problem is I have a fear of getting shafted from not knowing the average price of specific repairs/improvements. 

I've been very curious about how much construction knowledge is required for doing a value add commercial real estate project? Do you just trust your general contractor or is it much better to have prior construction knowledge yourself?