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All Forum Posts by: Blake B.

Blake B. has started 5 posts and replied 72 times.

Post: PRICE REDUCED FOR QUICK SALE - 15K CASH!

Blake B.Posted
  • Real Estate Agent
  • Chicago, IL
  • Posts 75
  • Votes 37

Hi Don,

Looks like a good opportunity. Do you have any SFHs for sale in need of rehab?

Blake

Post: Joliet Investors Meetup 3.14.18

Blake B.Posted
  • Real Estate Agent
  • Chicago, IL
  • Posts 75
  • Votes 37

Glad I saw this, have been looking for meet ups in Joliet. Looking forward to meeting you all.

Post: It's 2018... someone tell my why these are still thing

Blake B.Posted
  • Real Estate Agent
  • Chicago, IL
  • Posts 75
  • Votes 37

@James E. No name, no beta yet. We're early in the development phase working primarily on due diligence. Are you in the tech space? 

Post: It's 2018... someone tell my why these are still thing

Blake B.Posted
  • Real Estate Agent
  • Chicago, IL
  • Posts 75
  • Votes 37
We’re actively developing a CRM app that serves the back end user just as well as the consumer. Would love to hear about other technology projects up and coming.

Post: Deal Presentation: Do's and Don't's!

Blake B.Posted
  • Real Estate Agent
  • Chicago, IL
  • Posts 75
  • Votes 37
Originally posted by @Zachary Wilson:

Honestly man keep it simple. I regularly use private money and its something as simple as this. I have a house that i can get for x. It needs x amount of work and once rehab is done I estimate selling for x. Ill have your money back in 3-6 months and then a return of x. Just build a relationship and dont try and be a know it all. If your new say your new.

Hope that helps man

 I like it. Thanks for the input! 

Post: Deal Presentation: Do's and Don't's!

Blake B.Posted
  • Real Estate Agent
  • Chicago, IL
  • Posts 75
  • Votes 37
Originally posted by @Account Closed:
Originally posted by @Blake B.:

Hello All,

From an investor's perspective, what is most attractive in the presentation of a deal (besides good looking numbers)?

Coming from a Commercial Banking background, performing the analysis, underwriting, and ultimately creating the deal presentation is a formulaic process. We have standard templates that are used and each deal looks identical, apart from the actual words written in the 20-50 page presentations.

I'm curious as to how this translates into the Commercial and Residential Real Estate Investment worlds, specifically from the eyes of the investor. I'd expect something with much more brevity than 20 pages (given the scope of the deal, of course), but to that end, what are the fundamental characteristics of a presentation that aids in securing a deal?

Thanks in advance,

Blake

 If it is a simple single family house, I just want one page double spaced with the basic numbers. If it is a syndication of 200 units, I guess you need more in order to comply with the FTC. But simple is very, very good. Too much "fluff" and I think you're out to scam me with BS. ;-)

 Mike,

Thanks for the perspective. I generally like the idea of less is more..less time wasted on preparing materials that may not be necessary yields more time to find and execute more profitable deals! Will definitely tailor my deals accordingly.

Post: Deal Presentation: Do's and Don't's!

Blake B.Posted
  • Real Estate Agent
  • Chicago, IL
  • Posts 75
  • Votes 37
Originally posted by @Ryan Cox:

Good question @Blake B. 

A couple of things I like to keep in mind when meeting with investors

1.  Is this presentation to a new or returning investor?  Who am I presenting to? Family member, friend, doctor, lawyer, investment professional (family office/wealth management)

2.  How much do they know about me, my company and business model?

3.  The Deal -  What's the big idea? Who's involved?  What's the process/timeline? What are financials of the project?

Keeping these things in mind helps me to tailor my presentation to the individual.  Tailoring the presentation gives you the flexibility to create a presentation that will resonate.  I agree with @Jeff Senkiw that simple is better than a lot of slides & data.

Ryan,

I like that. Tailor the message to the audience. A lot of these things seem common sense, but there's much value in hearing/reading them as well. Thanks for your input.

Post: Deal Presentation: Do's and Don't's!

Blake B.Posted
  • Real Estate Agent
  • Chicago, IL
  • Posts 75
  • Votes 37
Originally posted by @Jeff Senkiw:

Coming from a Business Development & Marketing background, layout is incredibly important. Clean and clear - I don't want to have to hunt for the important information.

 Jeff,

I definitely agree. Is there a particular type of format that you see most often (such as a nice clean PDF, power point, video, etc.)? And if so, do you have preferences?

Post: Deal Presentation: Do's and Don't's!

Blake B.Posted
  • Real Estate Agent
  • Chicago, IL
  • Posts 75
  • Votes 37

Hello All,

From an investor's perspective, what is most attractive in the presentation of a deal (besides good looking numbers)?

Coming from a Commercial Banking background, performing the analysis, underwriting, and ultimately creating the deal presentation is a formulaic process. We have standard templates that are used and each deal looks identical, apart from the actual words written in the 20-50 page presentations.

I'm curious as to how this translates into the Commercial and Residential Real Estate Investment worlds, specifically from the eyes of the investor. I'd expect something with much more brevity than 20 pages (given the scope of the deal, of course), but to that end, what are the fundamental characteristics of a presentation that aids in securing a deal?

Thanks in advance,

Blake

Post: 2018 Best Commercial Real Estate Markets to Invest In: Part I

Blake B.Posted
  • Real Estate Agent
  • Chicago, IL
  • Posts 75
  • Votes 37

Great post, Vince,

For fun, I'd also throw San Antonio into the mix. Very similar growth as we've seen in Austin in terms of scale but unique in nature. With the previous mayor Julian Castro's tenure in federal government, the city has seen an influx of funding for its ten-year Downtown revitalization plan as well. Over the past decade, San Antonio's bond program has earmarked nearly $200MM for downtown projects such as the Alamo reconstruction, a 2.2-mile expansion of the city's already popular river walk (to be completed May 2018), and several other key growth spurring projects. 

The City is well on its way to adding 7,500 downtown residential units by 2020, having already created 6,300 units since 2011. The growth will continue as  San Antonio's leadership continues to offer tax rebates, public works fee waivers, and forgivable cash grants to opportunity seeking investors.

The best part is, growth in the commercial districts has spurred residential investment opportunities. Communities near downtown that were previously neglected are now primetime areas for virtually any residential investment, as the numbers can make sense for projects from rehab, wholesale, and long-term buy and hold; near downtown residential districts are a hot spot for renters!

I'm definitely looking at the SA, and of course Austin, areas for growth and stabilization through the end of this market cycle, into contraction, and beyond.

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