All Forum Posts by: Ben Moores

 @darren eady are there any good open markets for purchasing those private money loans you reference above?

@Sonya B. I'm local to you and just started investing in commercial real estate about 18 months ago.  I see you're in Katy, do you also work out there?  I work on the Southwest side but live Downtown.  I'd be happy to have a cup of coffee with you sometime and shed some light on the challenges of being a new investor in our market.  I dove straight into the deep end and its been a tremendous learning experience.  Thankfully its gone really well for the most part.  I've got what most would probably consider a mentor who helped me secure my first deal and do all the pertinent DD.  

Clyde, 

No matter what you do I would absolutely recommend advertising in the greensheet as well as craigslist.  I'm local and have a property that sounds similar.  Getting that big unit leased can be tough at times. 

I suspect others with far greater experience than I will chime in but I think your fathers situation is certainly salvageable.  I wish you both all the best. 

Looks great.  Good luck with the rest of your build.  What are you looking at cost per/ft in USVI?

 Are they able to deposit at any ATM or specifically a branch of your own bank?

Is there generally a cap to how much the taxes can raise in one year?

I use Barry Levine in Sugar Land, right at 59 and Dairy Ashford/Sugar Creek.  He has a lot of RE clients and knows the ins and outs of the biz. 

While not Galveston proper, a friend bought a beachhouse in Surfside last year and has done very well with his vacation rentals.  I think there are some great opportunities there if you time it right and miss a "storm cycle".

WIll hopefully be able to attend this gathering!