All Forum Posts by: Vladut Bujoreanu

And something that compiles rental rates from that area automatically. 

Hey Everyone! 

So I need some help. My deal analysis all started with a simple excel sheet I started. It was all going great, I was able to analyze everything in depth and understand the numbers to everything. As my investing evolved, so did my spreadsheet and the amount of them I had. To save time, I got into some of the lower cost software. I liked it but realized I had to still take time to input data. Then I outsourced the work and essentially gave others my spreadsheets and showed them how to do everything. I then only began reviewing their work. I enjoyed this process but found a few flaws. 

Essentially, does anyone know of a software that links up with Zillow or MLS and shows you each property in town with quick upfront cap rate, estimated NOI, etc? Preferably something that has a lot of good filters so I can narrow down on specific deals and instantly make offers if it fits my criteria? Only looking for something that specializes in acquisition. I am not looking for a software that is going to require me to go on each individual property and fill information out. If I could set a preset for all props (25% down, 4 units only, etc..) and then apply to a grand scale and then start looking at deals - that'd be a game changer for me.

Thank you all! 

For those of you that were able to scale… to say 25+ units or whatever you considered large:

What are some of the things you wish you knew prior to you significantly scaling more? What are some things you would have done differently? What have been some major factors or variables that allowed you to scale to a large number? If you could provide a timeline of at what points you made some of those changes that would be helpful too. (As in, at 4 I hired PM for all units, at 12 I started my own PM, at 30 I 1031'd all of my residential into a single commercial)

I am looking at commercial RE options and wanted to talk to someone with a current NNN or prior experience to ask a few questions!

Thanks,

Vlad

@James Wong Can you elaborate on what you meant by "I wish I paid a little bit more attention to the quality of the existing lease."?

Did you only state that pertaining to a winter time lease expiration and vacancy or were there other things you missed?

Hello everyone,

I am located in Jacksonville, Florida and am looking for any business broker references in the north east Florida region.

Thank you all!

Something else too... Without changing the zoning requirements I learned that in some area's of jax you are able to build another building next door with a few stipulations. One of the biggest ones being either no bathroom or no kitchen allowed. I don't remember the exact details but a call to zoning would clarify that 

@Samvel Gevorgyan - Mass migration has been a common topic of discussion in the majority of my social groups due to new company policies affecting their telework options. From online articles to my social groups I believe this is something that has a higher probability now of affecting Jacksonville given our city's circumstances. 

Analytically I'll be following building permits by zone to get an idea of what's going on in our area but if anyone has any other method of analyzing what's really going on in different zip codes by statistics I'd love to hear/see them! 

@Carolyn Morales sorry I should have specified, I was referring to OTC non-bid parcels. 

Like you said Attila now is a meaningful time for a lot of investors to look at how much they are leveraged.

Something I've often struggled with is this...

You start with one property, and you set aside a certain amount for future predicted expenses (vacancy, cap exp, etc.). Lets say you have 10K set aside at this point, 1 year in and one property. A few years pass, you now have 20 units. If you are following the same financial model because you are buying similar properties, you now have 200k sitting aside. With this many properties, the chances of them all requiring large payments at the same time are low. So isn't it not efficient to just have that 200k sitting aside there? Do you put it in an interest bearing account that has high liquidity? What would a smart investor do with the money?