All Forum Posts by: Ben Morand

@Robert Gunby Wow that is very interesting! How did you go about estimating the reappraisal value without using NOI and cap rate? Was it based more so on comps? Just trying to understand how the value of these types of properties work, since they are such a unique class.

@Jeffrey Donis That’s amazing! Having the mom and pop sellers also opens more opportunities for creative financing, so that’s always a bonus as well!

@Jonathan R McLaughlin That is a great analogy haha! I appreciate your response and it is cool to understand how certain decisions can make a deal worthwhile in this industry. How did your first deal go in the commercial side of things? Were there any particular challenges you remember facing that could’ve affected your “make or break” aspects from your post?

@Dan L. That’s a good way of looking at things. Right now I’m really looking to focus in on whether to push my energy more towards searching for the commercial brokers/connections vs the residential side, so I really appreciate your insight!

@Brock Mogensen That is so inspiring to hear! If you don’t mind me asking, what were the details for that second purchase (how you found it, financing, etc.)? That is an incredible jump!

@Anthony Jeffers Thank you so much and congrats on all the success!

@Anthony Jeffers Thank you for your insight! If you don’t mind me asking, did you start with small commercial or did you transition into it?

@Joshua Adlam That is great to hear! I am from Orlando and haven’t gotten a chance to reach out to any local brokers yet. Are you also from Orlando or do you invest from a distance?

@Erik W. I really appreciate the insight! I’ll keep that in mind when strategizing my approach!

@Erik W. I appreciate the insight. So essentially what I’ve been hearing is that 5-20 unit properties are a great place to start, build experience, and establish a track record with commercial lenders. In your experience, do you find it easier to find (and manage) quality deals that are 2-4 unit residential or 5-20 commercial? I understand that they are very different, but I am essentially trying to learn various strategies that I can begin to build a tean around.