All Forum Posts by: Zamir Kazi

I've got CoStar, and has been worth every penny in my opinion. 

The problem with getting lead list like you do for SFR is that I have found the yellow letter approach does not work. Good ol' broker relationships has been more fruitful for me.

If the investors you bring in are passive investors with no voting rights then it is considered a security and will have to do a PPM to avoid SEC issues.

If it is a JV deal with the investors having voting rights, then no PPM is required.

I would get a bridge loan that will fund the capex instead of raising it and lowering your CoC.

Either way consult with an attorney and get a good mortgage broker. Good luck on  your deal!

I've done a lot of section 8 deals, and I would definitely do it. Just make sure you have a thorough screening process. I love guaranteed rent!

I agree with everyone above. Orlando is a great market along with the Tampa sub market. Just like any other market in the country right now, everywhere is "hot" and hard to find GOOD deals, but with all that being said there are still deals out there you just have to work a little harder to get them. I've done over 400 units in the Orlando market big and small and it's still my bread and butter.

@Kyle Garro I agree with most of the people on the forum, find out the motivation and ask the agent straight up if there is wiggle room on the price. As @Marcus Auerbach said, you'll be surprised what the agent will tell you, after all they want to sell the property as well. There's always room for negotiation especially when you're not in a multiple bid situation. Also many times there are other terms that are more important to a seller than just the price, I have an example of a deal where the seller was set on not having a financing contingency, and was willing to give me a 25% discount on the deal (she had another offer on the deal at full list price with a financing contingency). 

Long story short we did the deal, saved the money, got the financing done any way because they gave us 90 days to close. If you've done a few deals, have good credit worthiness, and a good relationship with lenders you know you'll be able to get financed.

Last but not least you mentioned that you want to stop passing on deals just because the numbers don't work and "just want to get a deal done." I understand your frustration, I was the same way, BUT numbers are EVERYTHING. Some big real estate investment firms underwrite 1000 deals per MONTH and will only close on 7 or 8  in an entire YEAR. So be patient, look at a ton of stuff, and pick the right deal! Sounds like you're already on track. Good Luck!

I would suggest going to some family office conferences, a simple google search would get you some results.

Just wanted to follow up on this. Which platform did you end up going with?

I've bought several properties and most of them I have done inspections on. With that being said no matter what the inspection turned up I've always bought most of the properties more often then not I use them as a negotiating tool.

On the properties I didn't do an inspection on, I already knew it needed major work and budgeted accordingly.

I'd like details on these please

Is this property still available?