Seller/Tenant selling as he has another property which he wants to develop and lease out ( Not necessarily I believe this, but my point is to rightly analyse this, and be cautious enough to not invest Incase this is huge risk or not to miss the opportunity Incase this is a gem - and this is where am struggling.)

If you can purchase safe apartment complexes at a true 8 cap and $100k SFR/condos with $500 per month (fully loaded) profit, you should buy as many properties that you can put your hands on (and more) of either or both (and cut your timeline from 10 years to just a few.)I'd be cautious of using a buyer's broker in the commercial space.  

I'm proceeding very cautiously....I can't help but be reminded of the irrational exuberance we experienced in the lead up to the Great Recession.

Originally posted by Account Closed:Originally posted by Account Closed:Originally posted by Account Closed  Am I off base here (maybe too cautious and being an alarmist) and did I explain things right? 

Be cautious as most banks will require seasoning and will not want to grant an unrestricted cash out.   

If you see an 8 or 9 cap, be cautious - do your numbers accurately and visit the neighborhood. 

Be cautious in Miami when starting out and let me know if I can be of any assistance.

I would be very cautious about moving forward with this deal.

A lot of tenants are real cautious and nosy when I'm there, but I do my best to put them at ease by explaining that the seller is considering adding properties to his rental portfolio and his current properties have to meet our "condition standards" before we approve him for additional funding.

Be cautious on commercial, you really need deep pockets to ride out the lean times.