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All Forum Posts by: Scott Mac

Scott Mac has started 54 posts and replied 4934 times.

It seems like in places like Tijuana the rents might be going up since so many people would be clustered in that area looking for shelter.

Post: Does anyone monetize their solar with SRECs?

Scott MacPosted
  • Austin, TX
  • Posts 5,041
  • Votes 5,093

I have not looked in any particular platform nor have I looked at the monetary return on selling electricity.

My main concern with this this is it's a separate asset that has to be attached to the structure.

What happens when you need to have the roof replaced they're going to have to detach that thing.

The other concern I have is service life. 

What is the service life on this piece of equipment.

If it has capacitors the service life could be 10 years, or they may have a service life of more than that, but they don't live forever (what about repairs?).

Plus I don't want to be in the electrical selling business, that includes no hookups to recharge electric cars.

All I want to do is provide housing and collect the rent.

It is not the politicality of it all with the global warming stuff, that has nothing to do with it.

I also have no interest in being in the car wash business, or the laundry business, or the AirBnB business, things like that which seem to appeal to a good number of people, but not me.

I like to KISS, and just focus on market rate rentals, 12 to 18 month leases.

And on the commercial build out do you believe this to be an attractive feature to the renters and their customers.

I mean there are many segments of the population that consider this to be part of the global warming (or whatever the politically correct name for this is lately) political football, meaning you may offend some but you may also attract some.

Have you thought of that?

Just my 2 cents.

Post: Looking for colleagues

Scott MacPosted
  • Austin, TX
  • Posts 5,041
  • Votes 5,093

It might help with you state where your goals are.

Post: Deadbeat Evictions Caught on Tape

Scott MacPosted
  • Austin, TX
  • Posts 5,041
  • Votes 5,093

Cigarettes, alcohol, abandoned everything.

How are you coming up with that much larger market rent for all those units?

Why is the rent so suppressed for all those units right now?

How much will you have to spend to make those units worth more to the renter?

Is this section 8-(or some kind of fixed income program) these units seem very low priced?

Just my 2 cents.

Maybe as an add-on to all of the good advice everyone above has given, 

you might want to think about learning Excel, if you do not already know it.

I have developed very good excel skills over the years and I'm glad I can do whatever I want with it.

https://www.w3schools.com/excel/

Good Luck!

Post: CRE attorney attempting to simplify the complex

Scott MacPosted
  • Austin, TX
  • Posts 5,041
  • Votes 5,093

Well then could we have a example of defeasance, maybe such as a Bob and Ted story?

Post: 4 plex questions

Scott MacPosted
  • Austin, TX
  • Posts 5,041
  • Votes 5,093

Before you think you're getting in for zero down, have you asked what kind of cash reserves you have to have to qualify for the loan such as X number of months rent, and X number of months taxes, and what about insurance are they going to require you to buy one years of insurance or something.

Post: How too find mentors

Scott MacPosted
  • Austin, TX
  • Posts 5,041
  • Votes 5,093

CRE Seems quite broad.

Setting your aim on a more specific part of CRE might help you find someone easier.

Good Luck!

Post: Gen Z Buyers Struggle in a Fast-Paced Housing Market

Scott MacPosted
  • Austin, TX
  • Posts 5,041
  • Votes 5,093

Just Gen-Z; don't you think all Gen's might be effected by these same forces?