All Forum Posts by: Gloria Odogbili

Hi, this thread has been really helpful. I am facing a similar situation but I am not quite sure where to start. The owner of a mixed use property in an up and coming area in Brooklyn wants to bring us in as partners otherwise he will likely let the property go to auction. We want to partner but this our first mixed use / commercial deal and need some help analyzing if it's a good deal. We think it may be a good deal and a great way to get into that market but we are new to this space. Does anyone have an tools we can use to help analyze the property? Also, thinking out creative financing options. We could do a JV but also wondering if DSCR loans work in these circumstances? Can we use a line of credit and borrow against our current assets? Any help would be most appreciated.

Thanks for that, Chris.  I’m investing in multi-families in San Antonio and Austin.   I’m doing the stacking method so will start off self managing at first and once I scale a bit more will hire a property manager.  

Newbie over here looking for a CPA/Lawyer to help set up my holding company in Wyoming and then two subsidiary LLCs - one in Texas and one in New York.  I had a call with Prime Corporate Services but was not sold on their services given a poor interaction I had with the closing salesperson.  They wanted to me quickly sign off on the documents without giving me a chance to read it.   And when I asked for a day to read it over, they told me they had to cancel the transaction because it had to be signed by the end of the day.  That made my spide-y senses go off so I decided to not move forward with them.  Then I went online to read reviews and there were quite a few complaints out there!   (Probably should have started there).    If anyone knows of any investor friendly CPAa/lawyers who can help me get set up, that would be greatly appreciated!