All Forum Posts by: Carl N.

Looking at a deal in Northern California and wondering on how you would structure this deal? I have invested in and own only Single Family and Multi Family up until this point. Looking at something bigger and need investors but want to set up the partnership correctly before putting it all together.

Syndication, partnership etc...?

Deal Stats -

All Commercial Retail.

Purchase Price Estimate $19,000,000

Estimating 35% down plus $1M in reserves. Would you agree or think the money down aspect is off?

Gross Income - $2.02M

NOI - $1.12

Operating Expenses - $833,000

Current Vacancy - 5%(included in NOI)

Where I see value -

Develop into Mixed Use or just modernize current units.

How should I structure it and what would you see as my minimum contribution into that structure? 5%, 10% and what would you build in as the person putting it all together? Thank you for any help!

What part of Ventura are you building in? 

With the current trends in the bay I would be surprised if you had a ton of options. I don’t know those areas as well but are there any rent control areas? If so you could buy something with rent control and evict them to move in under the Ellis act(I believe). There are some caveats if you want to ever sell or rent in the next ten years but that could provide some nice upside. 

Looking at a deal in California and wondering on how you would structure this deal? I have invested in and own only Single Family and Multi Family up until this point. Looking at something bigger and need investors.

Syndication, partnership etc...

Deal Stats - 

All Commercial Retail. 

Purchase Price Estimate $19,000,000

Gross Income - $2.02M

NOI - $1.12

Operating Expenses - $833,000

Current Vacancy - 5%(included in NOI)

Where I see value - 

    Develop into Mixed Use or just modernize current units.

    How should I structure it and what would you see as my minimum contribution into that structure? 10%

Curious about the same thing. Looking forward to seeing responses! 

I was curious to hear others perspective around looking at seller financed deals as a way to take advantage of expected inflation. If the assumption that inflation is here to stay for the next 2-5 years then would seller financed opportunities be more attractive as there is less cash at stake. I realize that each deal is widely varied so there is no way to have a one size fits all approach so I am more looking to understand the math and how it may relate to this potential occurrence. 

Hi @Jennifer Gardner I have some experience in the Santa Barbara/Isla Vista area. What questions do you have?

Does anyone have any deeper knowledge on the Truckee market? With the market shooting up there pretty quickly I am trying to understand what the average income is for a 4/3 in the truckee maybe Tahoe Donner region. Prices are around $1.2-$1.6m so not expecting a ton of cash flow at this price. 

In addition curious to see if anyone has noticed any softening the vacation home market?

@Alan DeRossett I have heard of some clever work arounds on the short term rental issue. Someone will sign a master lease and then sublease out the needed number of days to the people booking via Airbnb/VRBO. 

Also couldn't you just sell the other lot with the duplex on it? 

Would you be able to apply SB9 to A vacation home as well?