All Forum Posts by: Jameson Wildwood

I've started looking at Kansas City as a great potential place for multi-family investing. Are there any other's that are currently in the market? Any current insights?

One of the biggest challenges with LLC is that many banks don't have a lot of lending flexibility when financing through an LLC for a single family house or residental multi-units (<=4).

If you find or know of banks that do LLC stuff, please let me know but so far I've found that difficult. I went the way of umbrella policy (around $250/year) in addition to a 500k liability on the property itself.

Plus there are beginning to be more ways that small single-member LLCs can be pierced.

I'm curious, what are your reasons for selling? Are you having trouble finding renters? Are you anticipating getting a good price for it?

Welcome to the lifelong land of opportunity called Real Estate.

Depending on whether you are an Audiobook person or reading person, I recommend you seek out stuff by Dr Dolf De Roos, he's got a great easy to understand style and will give you a lot of the basics. He has an audio program call Real Estate Investor College that is really really good.

I just love the language. Renters are being forced to pay $1000 a month in some areas!!

I'm from San Francisco, $1000 a month would be a fire-sale.

Interesting article though. Maybe it's time to look at some multifamily buildings there.

I just got bit hard by this because I've had a business with a paper loss for the last two years (not real estate). I make plenty on my w-2 yet the business loss has now been subtracted and they will only qualify me for a small loan even though the house has a leased tenant.

I would say get a virtual assistant off of Elance and have him or her do a lot of the data entry for you that way you can just look at consolidated spreadsheets and go from there. It's how I'm starring to do all the deal evaluation now.

Hi
I’m looking for an Commercial Multi-Family Investment Real Estate broker. I’m looking for someone that has expertise in the multi-family market of San Antonio and can help me find a 20-40 unit property in the Leon Valley, Medical Center, Shavano Park, UTSA corridor. The target property would be a long term cash flow property with a cap rate of 9% or better, and will cash flow about 20% cash on cash invested.
So my question is what experience do you have in the multi-family market in these areas and are you looking for new clients? If this is not you, can you make any referrals to a broker in this area who would fulfill this?

Thanks!
feel free to email
[email protected]
or call 415-690-8565

I just have to reply. I live in San Francisco. For $1300 a month you can get half of a 2 bedroom apartment, ie you can share it with roommates. 1300 alone won't get you a studio, you have to leave the city to get something that cheap.

Take some REALLY nice pictures, the ones you see on the expensive listings if you can. I have no idea of the cost, but pictures sell.