All Forum Posts by: Chris Soignier

What % of your sellers are repeat sellers?    What % of your buyers are repeat buyers?   Is the $1M net factored after paying employees a fair market salary?

What happens to your volume if you quit working the business?

I might place a small value on well-documented systems and processes in place, but it general the value is associated w/ the producers, not the legal entity they operate within. 

County tax records.

@Trevor Smith, wholesale it to me, I'll get it done.    :)

Like you said, banks aren't likely lenders b/c of the due on sale clause.   You need private lenders.

Also, don't count on the buyer to refinance in 2 years.   Balloon payments are pretty much illegal these days on owner-occupied properties, and although the buyer has a strong incentive to refinance, they may not have the ability to do so in that timeframe.

My final $.02 is my rec. to find the money first, then the deal!

Shouldn't the landlord pay the leasing commission?

You'd have to contract w/ each owner individually unless there's a mass buyout provision in the condo bylaws.    You may be able to find large blocks of ownership by investors which would make it a bit easier.

B/c it's a starting point to screen prospects.  If you're so closed minded as to only see things the way you've done so since before the dawn of time, I feel sorry for you.    If I'm looking for a 10 cap buy, I'm not going to bother messing w/ a seller who's priced at a 5 cap, b/c we're too far apart and it's going to be a waste of both parties' time.

Nobody's going to evaluate what to offer based on asking price, no need to be such a blowhard about it.

 You might want to look in the mirror.    It's common around here to say a property is priced at x.x cap rate.    Doesn't mean anyone saying that is foolish or idiot enough to pay that, but it's the easiest way to compare asking prices for MF properties.    

Last I heard, apartments aren't priced by the door.   It's a metric commonly referenced, but only indirectly influences valuation.

 Agreed, but it changes the implied cap rate in the asking price.

I doesn't pull sold comps from the MLS, at least not in TX and other non-disclosure states.