All Forum Posts by: Jason Graves

@Andrew Richmond I can help. I live in Rancho Peñasquitos and I’m killing it in Kansas City MO. I’m buying appox 50 units per year. Happy to meet / talk with liked minded folks

@Beth Turner I’m an accredited investor who’s also been buying in KS MO. I purchased 26 units in last 9 months near Westport and I’m under contract for 28 more. Let’s talk. Jason #streetcar extension $

@Mike Dymski Love this post! Build reserves by opening lines of credit and cut expenses now... also sold stock to build cash to protect real estate in downturn

@Nelly R. What’s your budget? I figured out how to buy my deal in 88 days. My first deal was a 7 plex for $703k in KS MO. Just focus on only 1-2 areas and start calling brokers on loopnet. They find a cap of over 8% and 10 % cash on cash return. Sent out some letters of intent LOIs

@Zevi Arem I’m in the same boat. In the last 12 months I made a few slight changes that made all the difference 1 no achahol for 6 weeks 2 go to bed 1 hour early and get up 2 hrs earlier 3 limit tv and friend time. 4 EXERCISE YOU CAN ALSO INVEST WITH OTHERS AND GET SOME $ WORKING FOR YOU

@Andrew Richmond I also live in San DIego. Im lookIng to connect w local lIke mInded folks. 2018 was my fIrst yr doing commerial , I bought 3 buIldIngs (26 doors) w $8k posItIve cashflow in KS MO Im going to event below. JoIn me... https://www.meetup.com/San-Diego-Commercial-Real-Estate-Investing-Meetup/events/nlnznpyxqbjb/

Angela,   

When my grandmother passed away I was in the same boat.  After doing this for 25 yrs my suggestion is to consider 5 plus doors.  That gets you working w commercial lenders who have much better options.   75 % of the rents also help qualify for the loan.   It’s weird but the larger you can the lower your risk becomes.  My point is it’s safer to put $500k into 1 10 plex vs $500k into 1 studio in SF

 I would put 20-30% down and enjoy the mailbox $.   Keep your power dry and remember “Cash is king “.  Using leverage and keeping cash on hand has served me well.

@Todd Powell No that’s an amazing deal. If you find anything else that good let me know.

Its no different than buying a single condo.  

Step 0 go to the bank and get pre-qualified for a commercial loan- see how much you can buy.  If you have the down payment and just need someone's credit let me know.   I can get $5-M $10M at any time.

1 find a good location with a path of progress

2 figure out how to get the down payment of 20 -30 % -  (this is the hard part)

3 Make sure the property has a POSITIVE cashflow and the rents are based off actual rents and the expenses are real.  This is difficult to do in LA and San Diego...

If you like to hike and talk about real estate. Join me on the path to $10m+ Open to network with like minded people