OpenAI, the company behind ChatGPT, has secured a full-building lease at 550 Terry A Francois Blvd in San Francisco, marking the city's largest office deal of 2024.

What strategies have you found most effective for securing financing in a competitive market?

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

This can also make it easier to secure financing for the future multi-residential building, as you can structure it separately from the retail business.

The pros as I see it are Good ROI for the groupMoney made for my mentorI get the house for 25k under list with the security of no other offers coming in and the possibility of 25k profit.

It is generally a bad time to find a tenant (holidays coming up) but you might have some luck in that the supply of housing is probably very low in the city now.

@Ben Burgess Like you, I was about 8 years into my career in Tech when I made the decision to get into RE investing, and funny enough, secured my first rental property in Medford!

Based on an estimated appraisal of $1.1 - $1.2 million, you could secure a loan of up to $900K (75% LTV).

With private lending secured, I bought the property, excited to add another rental to my portfolio.What I didn’t expect was just how much of a nightmare this property would turn into.After closing, we began the renovation.

I may be able to help you secure a no-experience ground-up construction loan, even though lenders typically require someone with prior construction experience.If you're willing to reach out, I’d be happy to discuss the possibility of pulling some strings to get this project funded.