All Forum Posts by: Gerard Johnson

I am going through same transition such an abrupt switch and very painful. This time I am going to be put though and planning in switching to an kin platform. 

In spite of COV19, came across deal for office building with the following:

7000+ sq ft, about 24+ office spaces (vacant), one side executive office space (10 offices) and the other side spec'ed out for a medical practice. My issue is how do I go about finding good tenants on a sweet deal like this? Building is in perfect condition. The previous owner died and family ready to get rid of it.

What do you guys think?

I am interested in taking in Alabama how I go about process?

Due to the foreclosure market slowing down due to COV19 looking to create new opportunity by building home on a lot out purchased a few years ago. Not sure of the average building rate. Building in an area where a GC is not required. I can use licensed framers, plumber, electricians etc per inspection. Would like to get someone who has experience their input. Looking to building a 3bd/2ba around 1300-1375 sq ft.

The idea came to mind during the COV-19 pandemic some business owners may consider downsizing as an option to continue operating. I thought it would be a great idea not only to leverage the office spaces I have but to obtain passive income as well. 

give me a call at 3342247519

I have extra office spaces that I would like to use as a private virtual address/mailbox location. Not sure how to get started. Location in Montgomery Alabama. Looking for ideas or resources.

Me and group of friends who want to get into learning how to flip wanted to partner in a residential foreclosure deal. Not sure how to determine profit split since the roles of each person is different. Investor A and Investor E is doing all the work and paying for the rehab costs. Investor E has the bulk of flip knowledge and experience. What is the proper way to split? I was thinking a 70/20 in which Investor A gets a return on the profit of 40%, Investor E gets a return of 37%, Investor B and C gets 8% ea return on profit, and Investor D gets 7%. 

See info below:

Property cost 152351.16

Investor A 55000

Investor B 20000

Investor C 20000

Investor D 15000

Investor E 32351.16

Please advise what you think is the best way to split profit equitable?

Good day guys. I am facing an issue I might have brought on myself. I have a doctor tenant that is renting out a commercial building. The initial agreement was basic for any general use of the property. Since this was a doctor, his lawyer wanted to make modifications that provide protection for him as a medical provider and per HIPAA guidelines. I was cool with that but what was a month for them to modify & sign the lease agreement turned in to nothing signed. That was back in April 2019. Fastforward now to September 2019 no signed lease. He did create a paper receipt stating month-to-month until a final lease is signed. Paper copy did not outline any tenant or landlord rights. Just his name and my name, amount of rent, and date. Since then he have made changes to my building without my permission. I contacted my attorney for guidance. We submitted a 30 days notice to evict. My question since this is commercial property do the landlord law still applicable? Since there is no lease, can I shut off the water utility? Due to HIPAA I cannot gain possession of my own property with legal action. Being a newbie I did not know this. If I wanted to go in my own building, my rights to possession is limited.