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All Forum Posts by: Account Closed

Account Closed has started 8 posts and replied 21 times.

Post: Commercial Properties - where do i start? Tenants, comps?

Account ClosedPosted
  • Investor
  • Austin, TX
  • Posts 21
  • Votes 13
Originally posted by @Giovanny Garcia:

What size of a property are we talking here?  I ask because I have only dealt with 2-4 unit properties at this point.  But I believe the analysis is still the same it is just the Cap Rates for larger properties which I have not yet fully understood how to calculate and what makes a B Type versus a C Type etc.  

I would use rent-o-meter, local property managers, and call similar apartment complexes to see what rent is priced for similar properties in the area.  With that information do the math to see what a property of said size would generate and thus what you could buy it for and still make a profit.  Using the calculators here on BP would be a huge help in this process.   

Hi Giovanny, with our lead system we end up with different types of properties in our hands – and really don’t have an end goal just yet, of exactly we are trying to do (Office Space, apartments, etc) .. Makes sense, how you are explaining the apt complex situation with calling property managers, using rent-o-meter. I think we are more stuck on what to do with the property – Example, we had an owner of a “Hot-Tub Show Room” interested in selling his space … it was just a huge open space (could be converted into multiple offices, different store fronts) …but we just had no clue where to even begin on that, so ended up passing.

Post: Commercial Properties - where do i start? Tenants, comps?

Account ClosedPosted
  • Investor
  • Austin, TX
  • Posts 21
  • Votes 13
Originally posted by @Lizzie Carver:

@Account Closed Are you saying that you are interested in purchasing, but when you contact less sophisticated owners you are both at a loss for determining property value? It should be easy enough to put together an in-place cash flow and cap your NOI. If you want to build a pro-forma with market rents, the large brokerage firms release free research reports on their websites and you can always call brokers who will know the market and will have access to CoStar (though you have to tread lightly if you never intend to use a broker). I'm not sure the quality or pricing of CompStak but much cheaper than CoStar for a lease comps resource.

Lizze, thank you for your response. & Yes, currently we invest into residential properties/land however, we have a pretty extensive lead generation system and often call off Tax delinquent list and end up speaking to owners who 1. Yes, don’t know what they want at all & or 2. Ask us to make an offer, which I am not even going to do without some type of knowledge into the area, comps etc.. The types of properties we come across range completely (because these are just like one offs for us) – we’ve had properties from ranging from restaurants, to open show rooms, to buildings with multiple different office spaces.

As an example, a hold up for us on the property with multiple office spaces – is can we find people to lease, what type of tenants, rental rates etc.. which your response does help a lot – I was not familiar with CompStak or CoStar, I am assuming they both require some type or real estate license. But will look more into in addition to brokerage research reports. Thanks!

Post: Commercial Properties - where do i start? Tenants, comps?

Account ClosedPosted
  • Investor
  • Austin, TX
  • Posts 21
  • Votes 13

I know LoopNet has listings, however looking for guidance – comps? Past listings? What about tenants…any recommendations on where to start on what we could charge on renting out the space?

We often come across commercial property owners who are interested in selling, but have no clue where to start on really being able to identify what the property is worth.

Any insight would be great!!

Post: Skip trace + DNC Scrubbing

Account ClosedPosted
  • Investor
  • Austin, TX
  • Posts 21
  • Votes 13
Originally posted by @Guy-Michel Coffi:

@Account Closed I have the same question. I found this website www.searchbug.com
and I will give them a try with a small list and see what they are about.

I tired Search Bug with a list of confirmed successful numbers i have, and they gave me all bad numbers. Let me know how it works with you, I tired the regular append maybe should try the "premium" version.

Post: Skip trace + DNC Scrubbing

Account ClosedPosted
  • Investor
  • Austin, TX
  • Posts 21
  • Votes 13
I have the property address, home owner name & mailing address so i would just be needing to add their ph number + hopefully scrub for the DNC list at the same time to make sure we are not calling anyone who registered to not be called. 

Originally posted by @May Emery:

@Account Closed It depends on your definition of skip trace. Do you have the homeowner contact info with their mailing address and you want to add the phone? or a list of property addresses that you want to find the owner info? Those are 2 different services that get called the same thing.

Post: Skip trace + DNC Scrubbing

Account ClosedPosted
  • Investor
  • Austin, TX
  • Posts 21
  • Votes 13

Does anyone know of any skip tracing service that also offers to scrub the FCC DNC list? Looking to get both things done in one swoop. 

Post: Civil Engineers in Austin/ Crestview area

Account ClosedPosted
  • Investor
  • Austin, TX
  • Posts 21
  • Votes 13

We are planning on rezoning a .74 lot from SF-3 to SF-6 (maybe MF3) and in need of a Preliminary Site Analysis. Anyone with experience working in the Crestview or McMansion areas, or any recommendations are appreciated. 

Thanks!

Post: Insurance!?? Not NREIG..help

Account ClosedPosted
  • Investor
  • Austin, TX
  • Posts 21
  • Votes 13

@Adriel Hsu  - Thanks!! I will check them out!

Post: Insurance!?? Not NREIG..help

Account ClosedPosted
  • Investor
  • Austin, TX
  • Posts 21
  • Votes 13

We have 15-20 properties at any given time and looking for something different than NREIG. Please drop any names of real estate insurance companies’ you guys use. I am having zero luck on google. We are based out of Austin, TX if that makes any difference. Thanks !

Post: DNC, Do not Call List?? for cold calling leads

Account ClosedPosted
  • Investor
  • Austin, TX
  • Posts 21
  • Votes 13

Any experience to share? We typically get 100s of numbers form D4D leads and call them.. every now and then someone will see they are on the DNC list.

Do you guys outsource for someone to check your numbers against the FTC’s DNC list? Or Just download yourself and remove the numbers. Any steps to share?

Would love feedback or any experience you guys have had with this. Thanks!!