All Forum Posts by: Tony Guarino

 Also never turn off my learning eye. Appreciate your insite! 

It sounds like you need to have a secretary record minutes at one of your 'business meetings' there. I will gladly apply for that job! 

I'm curious on your fascination on SS in Europe. The culture is a bit different there and perhaps why you don't see too much self storage. Older towns already developed, maybe less of a hoarder culture. Do you see a market for it while your there?

Hey everyone,

I quit my job as a commercial loan underwriter in the middle of 2022. I hit a glass ceiling and wasn't growing as fast as I would have liked. I made a few good investments and had the ability to start traveling a bit. I had the idea of continuing to work as an underwriter, but want to avoid the 9-5 life with PTO, and ideally, I would love to work remotely.

Has anyone heard of any opportunities like this? A part time, remote, CRE underwriting position? I tried looking on the web but just couldn't find anything that wasn't full time, 10 PTO days, etc.

Any advice on where to look would be greatly appreciated!

Hey everyone, 

I quit my job as a commercial loan underwriter in the middle of 2022. I hit a glass ceiling and wasn't growing as fast as I would have liked. I made a few good investments and had the ability to start traveling a bit. I had the idea of continuing to work as an underwriter, but want to avoid the 9-5 life with PTO, and ideally, I would love to work remotely. 

Has anyone heard of any opportunities like this? A part time, remote, CRE underwriting position? I tried looking on the web but just couldn't find anything that wasn't full time, 10 PTO days, etc.

Any advice on where to look would be greatly appreciated! 

 I think what Joseph is trying to say is that anything from 5 units and up are evaluated differently. Instead of using comparable sales, they use the income approach to determine value. For example if a property grosses (x) and has property specific expenses of (y). X-Y= Net Income. Then the net income is divided by the cap rate to determine it's value. Commercial real estate is a different game. 

P.s. I feel your pain. I have the same problem in South Florida. Even now the commercial markets in Miami are starting to see ridiculously low cap rates. 

@Christina Jean-Francois Congrats on graduating! I don't have any experience with seller financing, but you might be able to get an FHA loan....

I don't know the exact rules, but if you get a job soon after graduating, you only need to be employed for 3 months to qualify. (This is how I bought my first duplex) Plus you only need 3.5% down. The only downside to FHA is that you have Mortgage insurance for the life of the loan, or until you refinance.

Good Luck!