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8 October 2011 | 17 replies
I would emphasize about your skills (if any) and bring that up.Read up on some creative financing techniques and come prepared to present them in the best positive light.I would say, dress conservatively as you go around looking at properties.
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9 October 2011 | 6 replies
I like commercial because there is not as much competition for it.You can structure a deal more creatively and there are more different types of lender loans than for residential.Residential is highly regulated by the government now.Commercial I don't want the government messing it up as well and squashing creative financing.I like commercial for economies of scale and ramping up larger transactions.You can make money in residential it is just not my thing.I like retail and multifamily.Medical will be hot for many decades to come as well with the boomer generation retiring.I don't care much for industrial but I am seeing some transition areas where a developer takes an industrial shell of a warehouse leasing at 2 sq ft.They put improvements in and get rezoned to mixed use retail and get 15 sq ft lease rates.
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9 October 2011 | 4 replies
Seems all that is required is to attach a statement to your return indicating that you elect to aggregrate pursuant to reg xyz.It looks like all RE Professionals should be prepared for an audit.
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10 October 2011 | 3 replies
The typical FMV of similar units is between $70-75k.Seller is motivated and willing to listen to creative financing offers.
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1 November 2011 | 18 replies
Buy and hold is capital intensive unless I can find some very motivated sellers to get creative financing with.
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12 October 2011 | 8 replies
When they jack up their fees by $25 because someone new was preparing the estimate, they hear about it, and their boss tells them to change it, because we give them a ton of business.You may or may not have this relationship, but in any case a $2000 junk fee is ridiculous.
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13 January 2012 | 11 replies
This gave me an idea on how to pitch the selling points (what most liked) and gave me time to prepare to addressed the dislikes.
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15 October 2011 | 13 replies
Just a thought....sometimes you have to be a little creative....
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22 November 2011 | 18 replies
The key seems to be to be prepared to make lots of offers and not get caught up in bidding wars.
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14 March 2013 | 12 replies
They will contract with me to do document preparation, i.e. executive summary, deal and company due diligence, powerpoint pitch book, summary business plan, 7-10 yr financial projections, preparation for market to investor contacts.