All Forum Posts by: Victor Webster

I have identified a NNN property with a 15 year lease in place with a thriving international business. It's a $2 Million dollar sale price. How much would you put down on that loan and are there any resources you are aware of to help fund the down payment?

Good stuff!! Thank you, everyone!!!

www.websterrogers.com

I have never seriously looked into building multi-family homes or apartments but I know several people who have and do very well. Does anyone have a solid opinion on this one way or the other?

Thanks!!

Thanks Ariel!!

Thanks Russ! That makes a ton of sense!! HOA's are a huge problem!

My background is in commercial real estate. The only residential property I own is my house. I am a bit apprehensive about diving into residential so I want to start off small. Is there a rule of thumb that you use when investing in condominium units (not entire complexes). There is one I am looking at now in South Carolina that is a foreclosure. I think I can get it at $40,000. HOA is $200/month. Rent varies in this complex, anywhere from $800-$1,200/month.

Thanks in advance!!

This is great discussion! I am  very happy I found this site! I own several commercial buildings in South Carolina. All historic properties that I bought and renovated and now lease to commercial tenants. I try to find historic buildings that have been somewhat neglected. Buy them at a deal and renovate and then acquire tax credits and other incentives. Its not easy and it can be very risky but I really enjoy it!!

Thanks so much! That is great information!!

I have been investing in commercial (historic) buildings for about 6 years now. I am thinking about getting into the foreclosure market. Do I have to go through a licensed realtor to buy these properties? Is there any way I can buy them directly?

Thanks!!

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