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29 July 2024 | 14 replies
Where do you have the hub physically located?
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31 July 2024 | 34 replies
A pair of physical therapists and a pair of nurses.I wouldn't discount it if the area has the potential for a lot of traveling health care folks.
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29 July 2024 | 11 replies
But the bigger thing I see is physical condition.
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26 July 2024 | 1 reply
Hey everyone I'm pretty knew to Real Estate Investing and I'm currently seeking a network and connections. As well as mentorship or guidance if anyone is willing to help! I want to use the capital from my wholesaling ...
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29 July 2024 | 10 replies
Prospects need to physically go to the property before signing a lease, so everyone is on the same page.
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31 July 2024 | 20 replies
I specifically want to expand on Chris's point by discussing capital risk buckets, which help set a target return range for IRR.At my company, they are as follows:Core: Lowest risk, Class A product, in Central Business Districts, ranging from 7-10%+ levered IRR (since you're in development, I assume this is most of the asset class you handle).Core Plus: Still low risk, strong location with potential upside, 10-13% levered IRR.Value Add: Medium-high risk, Class B+ or B-, mediocre to strong location with operational or physical upside, 13-15% levered IRR.Opportunistic: Highest risk, major upside potential, varying locations, 15-20% levered IRR.As for the GP/LP split on promoted interest, GPs can choose an aggressive split, but the decision should be strategic and consider the preferences and risk tolerances of potential investors.
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24 July 2024 | 5 replies
Where I'm stuck is whether I should use a metering system that pre-prints a stamp onto the envelop or find a machine that can place a physical stamp onto an envelope (obviously I can't sit there all day stamping).I'm thinking from the perspective of mail that looks to "businessy" vs. mail that looks more personalized for better response/conversion rates.
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27 July 2024 | 15 replies
When we exercise this option thinking that there may be something significantly different we bring a 3rd party inspector.It may be too late to exercise this option but....
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26 July 2024 | 0 replies
See attached Excel summary sheet.Investment Highlight89% Physically OccupiedSupply Index in a 3-mile radius of 6.8 SF/Capita, 5-mile radius of 7.7 SF/Capita, and 10-mile radius of 8.3 SF/CapitaAdditional Income generated from 4 mobile home lots and 1 mobile home (Not Verified, as thus not included in underwriting assumptions)Key Underwriting AssumptionsDown Payment 25% of Purchase PriceEstimating a CAPEX/Repairs cost of $150,000Estimating Operating Reserves of $10000Stabilized Vacancy and Concessions/loss to lease at 10%Using a cap rate of 7.23%Key Demographic DataTotal Square Footage 21,130 Supply Index: 6.3Population 3,338 1 Yr.
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26 July 2024 | 10 replies
Still believe that:1) With 3D Tours, floorplans and walk-thru videos (taken & shared by listing agent with buyer agents) there's little need for an investor to physically see a property.2) Agents should better set expectations with investor buyers, so they understand that with #1 above and a great inspection, there's no need for them to physically see a property.