All Forum Posts by: Sharon R.

BIG Shoutout to @Jason Bott, 
Jason with Robertson Ryan & Associates, 
Jason responded quickly to my post here for insuring a commercial property (multi family) in ATL GA, 
and with his dedicated team, Including lovely Deanna and Nicole (Nikki) who was truly AMAZING with her help while something went wrong with a double payment, 
She stayed on the line with me till she was able to fix it with accounting, to add a bonus - the policy premium was fair and competitive with two others, and like I said... the service...beyond words. 
Thank you helping me close this deal. 
I really appreciate how fast and effective you made it. 

yes, I do know the provision I want, however, I had the weekend to read and quickly realized it was WAY more complicated. so yes, scratch that. But yes, defiantly want to know how did you structure a similar situation if you had such. 

That wasn't the point but I can see why you thought that. thanks. 

Hi, This is a bit complicated... Multi Family purchasing, Have you ever prepared an OA for your LLC when adding a member that isn't investing money***? It is common when the deal is bigger than your normal practice and the lender will approve the loan if another party with more experience will join the LLC, some call is "sponsorship", if you have experience with that, please share how did you form it (tax wise**) ? Did you write your own provisions? or did you let an attorney do it for you? if you did use one who is licensed in GA, pls send reference.

In the same matter, Do you normally use an attorney to read the 70 pages sent by the lender? we all now it's barley negotiable but I still think it's safer. Experienced commercial real estate investors, please see if you can contribute to this topic, I really appreciate it. We were all new-er at some point :) 

*** The person who is joining in my LLC with 10%, is a good friend and it's a favor, other than adding another MFunits deal to their resume it's of no monetary value for both of us, which makes it complicated and I want to protect this individual as well . 

** C-Corp and S-Corp aren't an option due to other limitations

Hi! Looking for insurance company for a property in Atlata, any recommendations? (why is it so difficult to find one ?) ? 

Thank you 🙏🏻 

no problem, I'm happy to help. 

if you want me to look at the listing I can probably tell you much more. 

yes, college park is very close to the main airport. it's great in that way, you would always have renters, short term or long.  you bought a house there and you didn't know that?  the Super-ball is 3rd or the 4th of Feb, not sure, many people will come to the city to work around that event and visitors too, you can probably get more info about it online. 

In college park you can also be on a "dumpster street" , but for the most part it is nice. 

you can check Zillow and Trulia for "market average" I just decide based on what others offer 

in the area meaning if my house is nicer than I will ask 100-300 more, if my house is bigger or newer ... you get the idea. 

1400 you can get that price easily and 2.5 bath is great. no I currently don't have rentals in the area 

but if I had i would not rent to anyone now and wait till the mid of Jan AIRBNB would be crazy (all over ATL) 

but airport area is always great for that. 

Hi Heshel, 
the rent is probably suitable for 1000-1300sqft SFH with 2/2 or 3/2
by sustainable in Atlanta has more to do with tenants that you choose than from market, 

the market is relativity solid. I have a few properties that I rent out. I am guessing you are out of the state / country investor?