All Forum Posts by: Anna Laud

Hi there! There's so much here in Indy going on with investments and really - it's just a perfect mixed bag of SFR for both buy and hold & fix and flip as well multi-family. Indy is one of those historically flat markets that has been and continues to be stable- combine that with IN tax rates, purchase price point, etc. and it's just pretty hard to beat for investors. I've got 100+ helpful videos up on YouTube that would really answer a lot for you maybe. Usually after I speak with someone- I just make a video to 'FAQ' style help others that have the same questions- help more people faster that way.

Great job on the deal!  If it is a wholesale deal or something simple the lawyer can do it for you so you don't miss out if this process takes too long.  I'm with Chase too and I have an "agent" (not a realtor but they call your representative an "agent") for my local and overseas deals and it is usually an attorney.  I've used title companies, real estate brokers, my mortgage broker's office, etc. as well as my attorney's office and none of them charge me but I also do deals with them so if I wasn't I would probably pay them.

Once the relationship is going and they know that you're awesome enough to know and hang out with me they won't accept your money and they'll take of everything.  = )

Without knowing the details (or how the agent insulted the seller which I would LOVE to know lol) I would say get with a youth center that is exactly like the one you want and have them come by and get a rolodex of people, checklists, etc. that you need to do and a time frame.  That will help when you or the buyer/investor go to the bank or talk about getting finance.  Hope that helps!  = )

I work with several people out there, I'm in Indy but would love to help in any way that I can!  = )

@John Erlanger Thank you and I think I see what you mean.  That there are other expenses to consider other than just the cap rate to determine how much you would make.  But in your example:

CA building has X square footage.

Ohio building needs 4x to match the NOI.

Okay, but since the cap rate is a measure of the percentage of the money invested that you could reasonable expect to make back in the first year doesn't that take into consideration the differences you mention?

To put simply: from what I know the cap rate is the return you would get if you paid cash for the property, so 10%, 15%, etc. means if you paid X in cash you could get back 10%, 15%, etc. per year and it would take 10 years or whatever to get your money back.  

That is the basic idea at least in my mind, of course there are many factors in what you would ultimately take home but as a general rule would you agree with that definition?  I'm asking in part because I've never heard of the distinctions you are making.  Thanks!  = )

@John Erlanger I've read comments here.  I am new but I've done a few apartment deals and business acquisitions using what you would consider "false" math and numbers so I'm curious to understand this better:

Ohio $1,000,000 @ $100,000 NOI = 10% cap rate

CA $2,000,000 @ $100,000 NOI = 5% cap rate

From my understanding yes I would say that the seller in Ohio is in fact getting about half of what the CA owner is getting and that is for several reasons regarding market, trends, appreciation, etc. With businesses the NOI or multiplier and value can be different in different areas and industries as well. The "return" is of course dependent on many things including how well run the property and know your stuff.

But the cap rate (assuming it is honestly calculated) does give you a rough idea of that, am I missing something major?  If so I can give a few examples because we do value adds to commercial properties and apartments and businesses regularly and everybody operates and uses/profits/refinances based on the cap rate.  It isn't everything but in my experience most lenders and money people treat it very seriously.  

Thanks is advance explaining.

Don't use ANY money or your credit.  Volunteer for investors and see if you like it or not.  The enthusiasm with youth is a great weapon, make people love having you around and helping.  The opportunities created from this will be enormous.  I work with many young people your age and younger and the first thing we do is have them volunteer and get small jobs.  If you can't become a necessary part of the team or get promoted quickly you won't do good in that business.  Just m .02.  Thanks!

Thanks Boone I had a buyer with a similar situation and I gave him back the 15k assignment I felt so bad.  My realtors and everybody say it is entirely the insurance agent's fault he says it was the law.  Either way you are right we have to look out for own thanks for that list I'm adding making sure they understand flip versus landlording versus wholesaling.  

Sorry to hear and thank you for sharing, I'd like to make a video about this so just to be clear what exact steps would've avoided this?  The vacancy clause seems like not enough.  Thanks!  = )

What is your disability?  I'm curious.

The ability to cold call is the single most important and profitable skill you'll ever learn and the only skill you need to build your real estate (or any other) business.  I'm a full time special needs instructor and we have built the world's largest organization of special needs business owners and real estate investors, all anybody needs to build their empire is compliance dialog.  We have kids with severe handicaps, mental illness, terminal illness, etc. some of our teens have died.  They are still able to make **** happen, just by using the phone.

Your post stood out to me for a few reasons, my suggestion is to master the phone because it is the only thing you'll ever need to learn to do.  Get good enough at talking people into doing stuff and you never need to learn to do anything else lol.  Hope that helps.  Thanks!  = )