All Forum Posts by: Account Closed

Jeff, 

Are you in need of a Kentucky lawyer for commercial real estate closings, real estate litigation or the formation of real estate syndication and /or partnerships in the Commonwealth of Kentucky? I know of several reputable in Louisville. 

James Rockhold, Rockhold Electric in Louisville 

 Chris, 

If a multiple owner LLC is using a key principal's funds and financial strength for the acquisition of a multifamily asset, are you saying that remaining LLC owner's financials are not considered? If you could further elaborate, it'd be very appreciated. No legal advice sought, only opinion. Thanks.

Will

job growth is steady, unemployment rate good.

I understood the broad question you ask is more or less, How do the "big players" make it work, ie-cash flow? and why?

Institutional investors, pension funds, REITs, family offices, HNW wealth managers, insurance companies et al., these clients primarily seek preservation of wealth and mitigation of risk.  Appreciation and growth is usually a secondary consideration, preferring security. 

Often content with seemingly low returns, big money may have longer time horizons and consider the tax benefit as the big win.

Rick Fields, CPA- Associates in Accounting

A viable alternative to Nashville's red hot market and similar second tier cities is Louisville, Kentucky. Steady population growth, solid local economy, developing central business district-- all new downtown convention center coming soon. 

All good indicators for real estate investment. 

Important to note, there is a distinction between capitalization rate of properties listed for sale and properties that have closed. A cap rate obtained from the "listed" property may not accurately reflect the market. Even if it's "close enough", it's not a reliable metric. 

For residential property management, I've used Alltrade Property Management, especially for 20+ units. Josh L. is a co-owner and is an invaluable source of information for the region, the process and guidance. 

Rick Fields, CPA. He and his wife Sandy own the firm Associate in Accounting in Louisville.