All Forum Posts by: Wade Funk

I've done hundreds of transactions, both residential & commercial, but I've never done a ground lease.  I've got an opportunity to work on a ground lease deal with a tenant and buyer of the land...curious if you can help point me in the right direction on how to calculate an appropriate ground lease term/rate in Central Texas?

Thanks all!

I'm active in the Austin Commercial Market...

I'm in the Austin metro area and do about 60% commercial - 40% residential.  I'd love to help!

I have a contract on a property that is contingent on the sale of another property.  The buyer's agent wrote in to the contract that the "option period" won't begin until the contingency is lifted.  While we have receipted the Option Check, they asked us not to cash it until the Option period begins.  That seems like a win/win for the buyer, not the seller, any way around that now, and/or should we just cash the check?

Howdy!  I'm also in Leander:)

 I'm an idiot, apparently!  Can anyone point me to the "BP investment analysis spreadsheet" mentioned here?  I see about 3,000 different spreadsheets!  Thanks...

Good ideas, Teri...thanks.

I'm certainly not sophisticated enough for IRR, so I'm glad my need to learn it is mitigated in the short term! Thanks for the reply...I'll look in to that!

Howdy folks! I've got an opportunity to help a developer who is going to be buying, developing, and building a 4-plex community in my market. He has asked me to help market the properties. My area is a suburb of Austin, TX with little "affordable housing". The development will consist of approximately 20 buildings/4-plexes which will be managed (by the developer who has experience with this) and in a POA/HOA to help keep the development from going the route of down-trodden.

My questions:

-What are some ways to demonstrate the investment opportunity for potential buyer(s) given the lack of existing 4-plexes?  
-Is this a CapRate play, a GRM play, an IRR play, or all of the above or something I'm too naive to even know?

Thanks in advance,

Wade T. Funk

Thanks @Joe Fairless.  I'm still chewing on ideas.  There are lots of options, none of which I'm familiar with! :)