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All Forum Posts by: Pete Schwan

Pete Schwan has started 28 posts and replied 46 times.

Post: Looking for Lender

Pete SchwanPosted
  • Commercial Real Estate Broker
  • North Shore, MA
  • Posts 56
  • Votes 17
Does anyone know of a lender who will do a property with 4 Unit apartment building and 4 mobile homes? 85%LTV.

Post: Smoking Hot Location - Exclusive Off-Market Retail

Pete SchwanPosted
  • Commercial Real Estate Broker
  • North Shore, MA
  • Posts 56
  • Votes 17

ATTN Commercial Investors loojing for strong Retail locations: If you're interested in learning about an ideally located retail property, fully leased and cash flowing, contact me to receive the NDA and Fee Agreement. ~Pete

Post: 30+ Units For Sale Off-Market in Boston

Pete SchwanPosted
  • Commercial Real Estate Broker
  • North Shore, MA
  • Posts 56
  • Votes 17

Attention Commercial Real Estate Investors in Boston Market. The property has over 30 Units, annual NOI is $345K. Seller's asking price is 7M. If you're interested learning about this exclusive off-market apartment building for sale, contact me directly and I will send you an NDA and Fee Agreement. Thank you. ~ Pete

Post: Is this a good Mobile Home deal?

Pete SchwanPosted
  • Commercial Real Estate Broker
  • North Shore, MA
  • Posts 56
  • Votes 17

The owner owns the homes and rents them at $500/piece. The seller wont finance. 

Post: Is this a good Mobile Home deal?

Pete SchwanPosted
  • Commercial Real Estate Broker
  • North Shore, MA
  • Posts 56
  • Votes 17

@Andriy Boychuk There is an on-site property manager who comes with the deal. Also, my father and I would manage the rest. I have property management experience and real estate investment but not mobile home experience. 

Post: Is this a good Mobile Home deal?

Pete SchwanPosted
  • Commercial Real Estate Broker
  • North Shore, MA
  • Posts 56
  • Votes 17

Hello BP, 

I'm looking at a deal and trying to determine what to do. Here are the details. Should I be looking at the figures as two separate deals? The mobile home park and the apartment building?

~4 Acres approved for 16 mobile homes. 4 Mobile homes existing, 3/4 are in disrepair. Also included in the sale is a 4 Unit building with 3/1 Beds and 1/Studio. NOI of all 8 units combined is $41,320. Asking price is $275K.

My concern is: Would I be buying a huge head ache? 

Post: Real Estate Agent Needed to Join Our Boston Team

Pete SchwanPosted
  • Commercial Real Estate Broker
  • North Shore, MA
  • Posts 56
  • Votes 17

Bode Well, Inc. is changing the way real estate is bought and sold. We have the most client-focused company in the Boston Market. Imagine a calm, inviting, comfortable atmosphere where everyone is treated ethically and with respect...This is the culture of Bode Well.

We will bring on an experienced agent who is looking to evolve their business to the next level. We offer specialized training and plenty of support and qualified leads. The management team has completed training with Rich Dad, Brian Buffini, and Tom Ferry. 

You will be an independent contractor and get paid the most competitive split in Boston. We have qualified, motivated seller and buyer leads, which we're happy to share with you.

Should Have:
A reliable mode of transportation
A real estate license and willingness to join local MLS

Post: Looking for Private Financing

Pete SchwanPosted
  • Commercial Real Estate Broker
  • North Shore, MA
  • Posts 56
  • Votes 17

Dear Friends,

I'm looking for an introduction to a Private Investor. This person has ~$1M+ to invest in flipping properties with me in the Greater Boston area. I'm experienced and can easily substantiate the deals I have located. I'm a partner in a family owned real estate brokerage with several years of experience making money for developers. Now it is my turn to be the principal and an investor can realize substantial returns by partnering with me. If you're an investor tired of you capital gathering dust in an account paying 3%, you understand how strong the Boston Market is, and you're willing to partner with an experienced real estate professional, contact me. I look forward to hearing from you.  

Sincerely,

Pete Schwan - Bode Well, Inc.

Post: Development Opportunity in Boston

Pete SchwanPosted
  • Commercial Real Estate Broker
  • North Shore, MA
  • Posts 56
  • Votes 17

@Ray Hurteau If the offer was close to their ask, then I think a zoning contingency would be considered. There is no urgency to sell so waiting for change of occupancy wouldn't be an issue.

Post: Development Opportunity in Boston

Pete SchwanPosted
  • Commercial Real Estate Broker
  • North Shore, MA
  • Posts 56
  • Votes 17

Yes, we have the exclusive listing agreement.