All Forum Posts by: Scott Kinsel

Good morning - 

I am putting together a list of syndicators (all types - multi family, commercial, storage etc) to start my due diligence.  I had a recent liquidity event and need to replace some annual income. If you could share name and contact info for any you have invested with or that are active with Bigger Pockets I would greatly appreciate it. Apologies if this information has already been posted elsewhere. 

So far this is what I have: 

BAM

Open Door

PassiveInvesting.com 

CADRE

Thanks, 

Scott 

Good afternoon.  I have a small portfolio of commercial properties - 3 warehouses all ~15k sq ft in San Antonio, Houston and Denver.  A business I own leases 100% of the space in all 3.  The next territory I’m looking at is Little Rock.  My business there needs about 6k sq ft.  My plan is to buy a bigger property and try lease out the area I don’t need.  Looking for a local agent to help me get started.  THANKS! 

Following up on my earlier post. I am going full speed ahead with purchasing warehouse space with intention of being owner occupied.  Starting to work with various lenders and get their best loan terms. So far it's looking like 25 year am, 15% down, fixed rate in mid 4s.  

Question - Is that competitive? I have exemplary credit, will personally guarantee, lots of W2 income and the businesses are 12+ years old with 50million in revenue.  

Thanks in advance for the assistance.  

Scott 

Good afternoon BP community.  I am new to this platform, so I hope this is the right place for this question.  I own a business that distributes out of 16 warehouses in the central United States.  The warehouses we operate out of in the larger markets are 10-15k sq ft and in the smaller markets 2-4K.  I hate to admit it, but I don’t own any of these properties. I’ve used all available capital for 12 years to fund the growth and expansion of my business. 

Well now I'm in a position to start buying. I will buy through a separate entity - presumably a single member LLC - and my business will lease the space. We have several leases that are about to terminate in Houston, Lubbock, and Little Rock. The rest are mid 2021 and later.

I will finance these purchases. What loan terms can I get on an owner occupied commercial building? Trying to figure out how to analyze the ROI and cash flow.

Question, is this a good plan? Should I buy land and build? Find something and rehab?  

THANKS in advance for providing any guidance you may have.  

Scott 

Good evening - 

I live in an older ranch style home in the Memorial Villages area of Houston, Texas.  Home / property values in this area are ridiculous.  The lot behind me just sold for 1.4mm (25k sq ft).  Four more houses ON MY STREET are about to be leveled and new homes are going up.  My question is this ... My lot is worth roughly 1.1 million.  It's smaller than the one behind me.  My house is 60 years old and probably not worth renovating.  Should I 1) sell the house for 1.4mm or 2) tear down and rebuild.  Assuming I can build for $200 a foot for a nice custom home, I could turn a really nice profit and do it all over again. 

We have been in the current house for 5 years.  If I tear down and rebuild, does the 2 year occupancy period start over after completion for tax purposes?  Stated another way, to get the favorable tax treatment for gains on your homestead if you live there for 2 of the last 5 years, would I be ok?

Good evening - 

I live in an older ranch style home in the Memorial Villages area of Houston, Texas.  Home / property values in this area are ridiculous.  The lot behind me just sold for 1.4mm (25k sq ft).  Four more houses ON MY STREET are about to be leveled and new homes are going up.  My question is this ... My lot is worth roughly 1.1 million.  It's smaller than the one behind me.  My house is 60 years old and probably not worth renovating.  Should I 1) sell the house for 1.4mm or 2) tear down and rebuild.  Assuming I can build for $200 a foot for a nice custom home, I could turn a really nice profit and do it all over again. 

We have been in the current house for 5 years.  If I tear down and rebuild, does the 2 year occupancy period start over after completion for tax purposes?  Stated another way, to get the favorable tax treatment for gains on your homestead if you live there for 2 of the last 5 years, would I be ok?

Good evening - 

I was wondering if there is a service / consultant you can pay a flat fee to help analyze deals in your market. It would help greatly if I can go through the entire process one time with an expert.  Alternatively, can a property manager help you identify properties?  I have the cash and several lines of credit to fund a deal(s), but not sure where to start. And yes ... I am reading as much as I can. 

Thanks in advance.