All Forum Posts by: Travis Salley

Hello!

     My real estate business has grown to the point where I need tax/business strategizing. I have had tax pros help file my taxes over the years, but I'm hoping I can work with something where I can develop a relationship with, rather than only speaking at tax time. Please let me know you have any referrals!

 Never even thought of that. How would I even for search for someone like that? Im guessing they have companies around that would do that?

 Simmy, I owe about 1.8mm. The real estate value vacant (as residential) is probably 2mm, but since they leased and with that cash flow I think it could command 3mm, but not sure if I lender would see it that way. 

They are properly zoned. Not commercial technically, but they are businesses in good standing with the city.

BP, I own three single family homes that are leased out to medical companies. 2 are assisted living businesses and the third is a transition home clinic. The portfolio yields 18k a month. I would like to refinance so I can use some equity to expand. Do you know of any lending company that would lend on this type of portfolio? I have not had much like calling around. 

I own a SFR that hosts an assisted living facility. The rent goes up every six months, starting at 4k a month to 7k a month beginning in April on a 3 year lease. I believe the property itself is worth 720k, but based on the rent of 84k I suppose it could be worth 850k+ to a commercial lender? I owe 510k.

The reason I ask id like to cash out and purchase another property and I am curious the best way to pull some equity out. Obviously I would prefer the bigger valuation, but this is my first large deal and not sure how it might be evaluated. I am now reaching out to lenders, but just curious if any of you had any ideas. I appreciate your help!

I own a SFR that hosts an assisted living facility. The rent goes up every six months, starting at 4k a month to 7k a month beginning in April on a 3 year lease. I believe the property itself is worth 720k, but based on the rent of 84k I suppose it could be worth 850k+ to a commercial lender? I owe 510k.

The reason I ask id like to cash out and purchase another property and I am curious the best way to pull some equity out. Obviously I would prefer the bigger valuation, but this is my first large deal and not sure how it might be evaluated. I am now reaching out to lenders, but just curious if any of you had any ideas.  I appreciate your help!

Does anyone have a referral for an attorney or title company in Arizona who can do subject 2 deals? I have been getting pushback from the few I’ve called.

@Sean Ross

I appreciate that! For me anything around 500k above a ten would be awesome

@Corby Goade

To me anything higher than a 10 cap, preferably one multi family in the 500 k range with minimal repairs.