All Forum Posts by: Tony Nguyen

@Yiftach Ilyov @Rigo V. 

This is the one we use for Retail Shopping Centers so feel free to revise as needed - enjoy! 

Current as-built drawings, plans & specifications

Descriptions of buildings, physical aspects and systems

Site Plan (with dimensions and identifying tenants and vacant locations

Phase I and if applicable Phase II environmental site assessment

Property Condition Report

Status of ADA compliance (including ADA plans)

Warranties (HVAC, roof, insulated glass, etc.)

Existing exterior, interior, and aerial photographs of Property

Floor plans with tenant location (CADD/PDF files)

Any and all Leases and Tenant correspondence

Any and all Service Contracts

General Ledger for the past 3 years

Three year history of delinquency and bad debt

Most recent detailed billing statement for all Tenants

Tenant ledgers for previous calendar year & YTD

Certified Updated Rent Roll and Certified A/R Schedule

List of security deposits and prepaid rent

Leasing update (pending deals, LOIs, renewals, lease-up projections)

Future Tenant improvements and leasing commission obligations

Three year history of tenant improvements and leasing commissions

Current year detailed operating budget

YTD budget vs. actual analysis for current year & 2 prior years

Three years of operating statements (revenues & expense) history

Capital items/budget forecast (3-year projection)

Three year history of capital expenditures

Property Tax bill for current year and previous 3 years

Current Insurance Coverage

Three year history of insurance claims and incidents

Tenant’s sales volumes for at least 3 years

Three year occupancy history

Existing appraisal report(s)

Confirmation of Zoning

Certificate of occupancy/use permits

Status of pending litigation and/or threatened condemnation

Most recent title insurance policy

Most recent as-built survey

CAM Reconciliation for prior 3 years

KimLisa Taylor wow, your recommendation looks great!!

I use BuildOut.com Good luck!

I've had success with the county. With properties held in LLCs and other types of entities, you'll still have to do some digging or hire someone to do it for you. Plenty of good help out there if you know where to look for them - good luck!

Rigo, I can share my entire list with you. Send me a PM and I'll send over, thanks.

Last month I got a 20 year am, mid 4s rate, 5 year balloon & 25% down. This was on a 20+ multifamily deal. With that said, every deal will be different depending on the borrower and property cash flow. Good luck!

25% is common, but depends on the lender & deal. I'd budget for 30- good luck!

Thank you to everyone who chimed in here. So much information to digest, but from the surface, I will likely stick to Real Estate for a bulk of my investments and ask the financial advisor for assistance with a tax-deferred account. 

Hello all,

Right now, I currently have all real estate assets and no money in stocks. I met with a financial advisor yesterday, who is a trusted friend-of-a-friend, and suggests I put a chunk of money into tax savings retirement plans and invest into stocks. He mentioned a statistic that the "Ultra Rich" ($50M+ net worth) have 60% of their wealth in stocks and 40% is in real estate.

I was hoping to get some feedback from some of the people who have long term experience (or great references) in building a strong portfolio. I like to think I'm doing ok with real estate and hate to deviate from an investment I understand to start participating in a game like stocks where I have zero experience. The other side of the coin is I understand diversification could be a safer play should a collapse of the economy happen again.

Thank you and look forward to your thoughts!