All Forum Posts by: Ryan Cox

@Apurva Rathod You can negotiate a midterm lease change but it would be a change that your tenant would have to agree to.  Think about what you can offer your tenant that would make it a win for the tenant to change (term, concessions, etc).  Coming up with a win/win scenario is your best bet to successfully negotiating a midterm lease change.

@Warren Blevins I don't see how you would be liable for commissions to the buyer's agent. 

1. You did not have a signed agreement with the buyer's rep or any written agreement for a performance fee.

2. An offer was accepted by the buyer and buyer's agent with zero broker fees.

Seems like scare tactics to me.

Welcome to BP @Jason Parent!  Based on your experience you will be able to add a ton of value to the conversation.  I am looking forward to hearing your thoughts!

@Ron Smith Be cognisant to the distance between these locations in the metroplex.  Depending on the day of the week and time of day it could take an hour or more to get from Frisco to Fort Worth/Keller.  Out of the towns that you mentioned, I would focus on Keller because of the good schools and affordability.

@Dorian Wood I have not had any experience with a personal loan to fund an opportunity but I have had great success working with equity partners.

Have you considered finding an equity partner or partners?

@Matt Smith

What strategy resonates with you the most? 

What do you feel passionate about learning and mastering everyday?

The investors who set out to master a strategy and marketplace tend to have the most success.

@Bill Thomas based on your input that the neighborhood is "sketchy" and the multifamily is expensive, it does not sound like this is a winning proposition.  I would be concerned about the quality of tenants that I could attract to the property and the challenges associated with managing a property in a D neighborhood.

@Account Closed  I love a big idea and  creative vision! 

Two questions investors will certainly ask about

• Your track record (experience converting a warehouse to mixed use or overall development experience)
• Why will the mixed-use property will be a successful investment?

Repositioning a property is not an easy task.  The first thing I would do is identify local developers who have had success with this kind of re-development.  You can learn a tremendous amount for a $5 cup of coffee or a $30 lunch.  I have seen a couple of really cool projects in Arlington close to Jerryworld.  I might start there.

@Tony S. I like the activities that you are engaged in on a regular basis to acquire your 1st property.  You're moving in the right direction.

Two things to consider:

1. I would think of investing in multifamily properties as a team sport.  It is very difficult to do all of the activities necessary to have a successful investment by yourself.  I usually see a division/overlap in roles between sourcing, operations and equity between two more people. Part of something is better than all of nothing.
2. Have the money lined up 1st.  If you find a deal without money, you're stuck.

@Alex Cordero Sourcing opportunities is critical to being a successful real estate investor. When you are starting out, this is an area that you can add a ton of value to the deal.  I agree that you should be building relationships with the brokerage community to get access to opportunities.  In addition to brokerage led opportunities,  I would recommend creating your own deal flow.

1. Establish a geography to become an expert

2. Build relationships with the owners and brokers in that geo

3. Know the comps upside down and inside out

This will enable you spot the opportunities quicker than your competitors that are using websites or waiting on the broker to send them deals.