All Forum Posts by: Fred Johnson

How can you determine if you should build ground up construction for leasing units to students or locals in Commerce tx

That's what I thought.  It makes sense.  Thanks

Why do commercial RE brokers want to see Transaction and banking references when submitting a letter of intent? What exactly are they looking for? Is it necessary? Is there any way around it?

What are good alternatives or highest and best use for lots in urban areas that are former self service car washes? I'm interested in one near an elementary school.

Was the building vacant and did you asked to see the financials on the property before making an offer?

what are the pros and cons of buying parcels of land subject to?

Congrats Andrew!

Thank you

The 10 tenants and under ratio makes a lot of sense. 

 I would be syndicating deals and live within 45 mins of the Asset.  I got downsized from my corporate job. So I've become a full time Real Estate investor.  

What is the best way to identify reputable property managers that have expertise with this type of Asset in this market? Is the 5% Mgmt fee standard or is it negotiable? 

With multifamily properties, many investors use the standard 50% for expenses.  Do the same principles apply for expenses in retail strip centers?

Can creative financing principles, i.e. seller carry back 5%, also be applied to investing in retail properties like they are in Multifamily investing?

Thanks

Joel,

You indicated 19 tenants is a lot to manage.  What in your estimation would be an optimal number of tenants to manage especially for someone new to the business?

Thank you Joel and Vinod for the great feedback.  I will begin researching all that information today.