All Forum Posts by: Tevis Verrett

I agree with Joe Blop, am also looking for PM recommendations for a 100-500 unit property.

Go BP, Go!

Tevis

Booyah what Jon said.

Thirdendarily, you need to pony up 35% as with such a risky endeavor, we would only lend on 65% of the purchase price.

. . .and because of this overinflated economy, I am advising my funders to only do 6 month terms with 5 months guaranteed interest.

AS SOON AS POSSIBLE, you need to refi out from under the HM.

HM is profitable when used wisely and strategically, and will bite you in the butt if not managed properly

Why not get HELOCs on your current properties?

Tevis

Hey Paul Khazansky, here you go bud:

http://www.housingfinance.com/

This is a good start!

Tevis

I appreciate what Joel Owens has shared, and am in Wayne's camp.

If the seller has been this agreeable, what would cause of change of heart and be loyal and amenable to the new owner?

Better to pick it up at trustee sale and evict the problem.

My 0.02,

Tevis

I can also vouch for Brian, he is a very good guy!

Tevis

Hey Mehran Kamari unfortunately, I wont be there, I DO have to eventually get some work done. . . rather than traipsing around REIAs!

For those who have Wednesday available. Reggie Brooks will be at the SFV RE Club:

Proudly Presents...Dig the Abandoned property Goldmine

Reggie Brooks

The Number One Abandoned Property Specialist in North America!

Wednesday, July 17, 2013 6:00 PM – 9:30 PM
Grand Banquet Hall
6754 White Oak Avenue, Van Nuys, CA

Register now at: www.sfvclub.com

Can you make it, bud?

Tevis

Raymond Ali you should seriously consider bringing in a managing partner that has experience running senior housing.

It is an animal unto itself, and just because I am versed in a 100-unit multifamily doesnt make me versed at ALL in senior housing.

Also, you need to see where you can beat down the expenses, and raise the revenue to see if it is viable.

. . . then look up the 50% rule here on BP!

Much good luck with this!

Tevis

Alton Phouvong contact a local mold inspector.

You are looking at thousands of dollars knocked off the asking price for abatement.

Keep us informed.

Tevis

Well done Bryan Hancock, beautiful coding.

My advice comes from expertise as this is what I do.

First, Linda B. is spot on. If you can boil down your URL to one word, that is the home run. Two words placed together is a distant second.

I see the mistake of many of our brethren parsing word-after-word together, which is the kiss of death.

And example: since scuba.com was taken, I branded my companies www.k2scuba.com

Secondly, you need more juice on our USP (unique selling proposition)

What is your differentiator
What is your disruptor?

Put it in your carousel of pretty property pictures (your coder can do an overlay)

Also put it on this page: http://www.inner10dev.com/#!the-team/ccbr

Thirdly, put a global contact number, not just Marisue's number on the home page, and make it stand out.

Here for you bud, call me should you need me!

Tevis

Yes definitely seller financing will get you out of this quagmire.

do you have a hard money balloon on the horizon?

Did you overbuild the property?

Give us more details.

For rents: www.rentometer.com

Good luck with this James Johnson and keep us informed of your progress!

Tevis