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All Forum Posts by: Shawn Thomas

Shawn Thomas has started 18 posts and replied 33 times.

Post: [Calc Review] Help me analyze this deal

Shawn ThomasPosted
  • Investor
  • Long Island, NY
  • Posts 34
  • Votes 7

@Jonathan Chan estimating repairs is the biggest struggle for me. What would you recommend?

Post: [Calc Review] Help me analyze this deal

Shawn ThomasPosted
  • Investor
  • Long Island, NY
  • Posts 34
  • Votes 7

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Post: [Calc Review] Help me analyze this deal

Shawn ThomasPosted
  • Investor
  • Long Island, NY
  • Posts 34
  • Votes 7

@Mitch Provost that’s what they are currently leased at. They just renewed one year lease in July.

Post: [Calc Review] Help me analyze this deal

Shawn ThomasPosted
  • Investor
  • Long Island, NY
  • Posts 34
  • Votes 7

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Post: Looking for Houston RE attorney

Shawn ThomasPosted
  • Investor
  • Long Island, NY
  • Posts 34
  • Votes 7

Looking to connect with a real estate attorney in the Houston area!

Post: Bank Account setup (multiple accounts)

Shawn ThomasPosted
  • Investor
  • Long Island, NY
  • Posts 34
  • Votes 7

@Mark H. Porter I like this. I’ve heard a lots of people use separate checking accounts for each property. But as long as you have a good accountant, I like this structure. Now does this change is you have different property managers for each property?

Post: Bank Account setup (multiple accounts)

Shawn ThomasPosted
  • Investor
  • Long Island, NY
  • Posts 34
  • Votes 7

@Mark H. Porter So you have 1 checking account for all 7 Multifamily properties?

Post: Bank Account setup (multiple accounts)

Shawn ThomasPosted
  • Investor
  • Long Island, NY
  • Posts 34
  • Votes 7

I plan on owning multiple investment rental properties. I know for each you should at least have it’s own operating & reserve account.

However, do you create a bank account that I guess oversees all the specific operating accounts? Like a main business account. How do you guys setup your bank account structure?

Post: Get on CRE Brokers Lists

Shawn ThomasPosted
  • Investor
  • Long Island, NY
  • Posts 34
  • Votes 7

Looking to get on good commercial real estate brokers off market email lists. Anyone know good once’s where I can sign up? What are the major broker websites?

Post: Has anyone here invested in RE in Europe?

Shawn ThomasPosted
  • Investor
  • Long Island, NY
  • Posts 34
  • Votes 7

REI in the US has become very competitive. Especially with multi family. I am wondering if anyone here has had interest or has invested over seas. Maybe this could be an opportunity and I'd love to connect with you.