All Forum Posts by: Account Closed

@Account Closed I would avoid Forbes.com. They are going to tell you to invest in the hottest markets (Seattle, Portland, San Francisco, etc). Most of the major news outlets like that are poor resources

lol i would never invest there haha!

1 Vote

Originally posted by @Antoine Martel:

Chris.
this is a great question especially if you're investing out of state like I do full-time. I am also in Los Angeles and close to Santa Monica so we should definitely meet up. Connect with me and we can chat sometime this week. But to answer your question when looking for new markets to invest in Forbes.com is a great place citydata.com is a great place and then from the census you want to get information like population growth, major employers, workforce growth and then also news about the city that you want to invest in to figure out if it's on the up.

Thank you Antoine! I sent you a request! Let's try to meet up this week! I think I may write up a blog post using everyone's suggestions on how to identify a market!

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Originally posted by @Todd Dexheimer:

@Account Closed Census is great, google search on the market with keywords, such as employment, new jobs, new companies, etc and the city webpage as well. Large broker web pages like Marcus and Millichap, CBRE, ARA, Colliers, etc are also good. I just wrote a blog and posted it on linkedin. If you search my name you will find the article on emerging markets, which should have good content for you

Hey Todd! Thank you so much for the reply. I see you are from MN! I will actually be moving there in August! Did not know about the broker websites and will definitely use those! I will connect with you now! Thanks!

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Hey BP!

I was recently looking at some commercial apartment buildings and a thought came up. If you are trying to break into a new market that you don't necessarily know, what Websites/data do you use to identify if a specific area to start looking for property. Let's assume this for commercial apartment buildings only (5+)

I started going on and looking at census data but don't really know how to put it all together to quantify my findings.

Thanks in advance for your input!!

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Hey @Jake Mchaley! Ive been looking out in Fresno for commercial multi family as well! Congrats on your purchase! Mind if we connect to talk about the location and deal?

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David! Thank you very much for this! It's been said already, but you have truly contributed by explaining a few other options for commercial loans! Thanks again!

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@Anthony Dooley Great advice! Wasn't too sure what the right approach was so thank you!

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@Amber Gonion thank you for this info! In order to quantify rents I checked Zillow, Craigslist, etc and subtracted a couple hundred off of what 1 and 2 bedrooms were asking there in the area. Could be totally wrong though. Is there a better way to do this?

This was more of a test property to get familiar with analyzing, but a walk through would be next!

Mind if we connect? Would love to learn more about your company and specialty!

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@Aaron Montague I reformatted the spreadsheet to account for pass through expenses and did not include them on the total expense for the NOI calculation!

@Spencer Abeyta I separated the monthly and annual expenses to make it a little cleaner except for three items (tax, insurance, and percentages) which stayed as is.

Although expenses are still not confirmed by the respective utility companies, I went conservative on the numbers! Let me know what you think!

Version 3 | Minneapolis Subject Property ... Is there a better way to upload these? They are all so grainy!

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All Forum Posts by: Account Closed

Account Closed has started 7 posts and replied 33 times.

Post: Where do you obtain your data for indentifying a new market?

Post: Where do you obtain your data for indentifying a new market?

Post: Where do you obtain your data for indentifying a new market?

Post: Where do you obtain your data for indentifying a new market?

Post: Where do you obtain your data for indentifying a new market?

Post: Closed on my first deal today! 6plex Fresno ca

Post: Unknown Truths About Financing Commercial & Multi-Family RE

Post: Multi-Family/Commercial Building Deal! Need input!

Post: Multi-Family/Commercial Building Deal! Need input!

Post: Multi-Family/Commercial Building Deal! Need input!