All Forum Posts by: Rick Robles

Hello @Brett Merrill try Capital Insiders.  

We appreciate this information. Unfortunately, BP only allowed us to use their Buy and Hold calculator once. We have not been able to use it anymore.

Great to receive your reply @Sean Na

Just want to thank you. We met with a Developer today. We are going to look at a joint venture to build multifamily project 3 stories high and over 250 units.

 Thank you for thinking Big.

Hey Buddy,

One strategy you could use is Owner Finance. You have to focus and look for owners that would consider being the Banker and make a return similar to a rental.

For example, you drive a neighborhood you would invest in and find For Sale signs. Call and be upfront about making a Owner Finance offer. After you complete your analysis and the cash flow works then, you offer Cash plus Owner Finance. For example, the house is WORTH $50,000 and you offer $5,000 at closing. You then finance the remainder at 5, 10, 20 years amortization. Make sure the monthly payment is affordable to you and you cash flow from the beginning. Remember price and terms are negotiable and verify you have Open contract that allows you to refinance later.

@Jennifer Marshall, There are large slabs of both natural and synthetic stone in high end tile shops. We have used them in new construction to have the look of expensive granite at half the price. The installation Contractor and finish out is key to making it a great project.

Hurricanes seem to be coming at our U.S. Coast every year. Does anyone know if a Public Adjuster can be hired in Texas.  

Re.

rental income be recovered? Any other advice?

Loss Rental income Must be on your Declarations page.

Most have a Max amount of Loss. i.e. 5 months of rent.

Great Work Collin... Congratulations. You are a great example of a Leader leaving the ships as you move from a cozy job to Start your drive in this business. Omaha is certainly a great place to invest. Please keep sharing your success.

Hi @Kasey Villareal just wanted to say thanks for your response and great ideas to market commercial buildings to out of state investors using Bigger Pockets.

Please keep in contact and hope to share some of my experience selling the Valley.

Great thanks @Sean Na Dallas is a great market and remember some nice areas around White Rock Lake and SMU. Please keep in touch as we are interested in Growing 10 X just need to buy and start...

Great hearing from you @Austin Petrie, just wanted to thank you for replying with strategies to better evaluate small buildings. We do factor CAP rates and NOI as part of our evaluations. One idea we have thought about is putting a whole Portfolio together with Local property management under One Business roof. The idea is to sell the portfolio after it appreciates if the numbers make sense.