All Forum Posts by: Cassie Sherie

@Bill Thompson yeah look into RUBS it will increase your NOI. Maybe in the future you can get into larger multifamily... 50 - 150+ units and use a laundry service then... with that kind of use machines probably break often. When I get into multifamily I'm going to go big, as I don't want to be a landlord. I want to use velocity of money, economies of scale....and manage my assets. Also, you better hope the government doesn't catch you counting your coins....you're not giving them their share LOL... kidding.

@Bill Thompson  have you ever looked into implementing RUBS (Ratio Utility Billing System) for multifamily tenant water bills?? the tenant pays not you...also.... working with a laundry company they provide new machines and maintenance of the machines... and do a 60/40 split with revenue... you get 60. They take care of everything. no investment costs.  Not exactly sure what size multifamily you need to have, but for sure if you get into larger multifamily this is an option.  maybe @Gino Barbaro would know... I learned this stuff from him!  LOL... go to jakeandgino.com ton of resources on there for multifamily. 

@Gino Barbaro not sure if this would be an option for you now but maybe moving forward... look into polished concrete floors, from the flooring chart costs I've seen over time they are more economical to maintain and last 10+ years. They also have that modern look you are seeking

@Jesse Chunn maybe @Carlos Flores can help you out with that, he is based out of that general area, or perhaps you guys can do a JV together on some properties....hope this leads to something good for you both! 👌

@Will Barnard what an absolute cluster !@#$ and disaster! congrats on your big day! These squatter laws or whatever they are...over 5 years?? completely ridiculous! Give me a break... 

with that being said...check that random art they had in there, you never know if some famous artist painted it and they picked it up from someones garbage can who didn't know any better!

@Kristin Whitaker do yourself a favor and move on to the next deal...No property is worth your safety, you can never be totally sure of what may happen when dealing with someone who has this kind of horrible track record with violence. It only takes a split second for your life to be taken or drastically changed. This violent lowlife has nothing to live for, no moral conduct, no integrity. You know the saying "better to be safe than sorry" listen to that. You also don't want to try and pass this nightmare on to someone else and compromise your reputation. 

@Brett Tousley i guess i can see your point also...sucks that you've had people waste your time and not follow through....

@Brett Tousley you may want to rethink what you said and how you deal with all clients....you never know if the 500K client will come to you once and be done and only invest 50K...but who's not to say the client who needs and prefers "creative financing" if you treat them well over the years they might close 10, 20, 30, 40+ deals with you

@Jesse Chunn if you have $500K to invest, it would be wise to learn about different funding strategies and negotiating tactics to better leverage that money and make it go further... the more you can use other peoples money (OPM) the more properties you will be able to acquire. 

@Jesse Chunn you seem like a smart and sensible guy... you are on the right track with going with apartment complexes. Like I said no one knows anything in life until they learn, so just educate yourself... once you start learning you will build confidence, you will start to learn the vocabulary and will be able to speak the language with other real estate professionals and investors. Everything overall things get cheaper the bigger you go...the price per door drops, property management costs, maintenance, ...etc. From what I've read if you get into the $1m+ range and the property is stable and cash flowing you can get a non recourse loan which is what you want for your protection. Also make sure you contact brokers, insurance companies, banks...etc. that specialize in the commercial real estate space.