All Forum Posts by: James Stayton

@Steve Sun That is a great list. I can tell you a few things I have seen in my own research. Reno has priced itself out of the market. The rush to stay somewhat close to Ca. but the unwillingness to cut ties all together has taken its toll on the house prices for the biggest little city in the world. You can still find deals in areas surrounding areas like Sparks etc but I can't emphasize a boots on the ground contact up there.

@Dick Stevens I am at the very beginning stages of the study ( This isn't my usual gig but the co-founders are friends of mine ). It literally is a blank notebook at this point. I am looking at a potential of 15 tenant offices to start. I am working backward from an approximate lease commitment with a very high estimate of extra expenses ( and I am sure I won't get everything ) to give me a go forward price target. We are looking at self-managing so that should help with expenses. 

 James 

@Dick Stevens yes, sorry I thought that's what I was saying. 

James 

Hi there, I have a quick question. 

I am doing a feasibility study on a small business that will sublet small offices to small companies and professional services. Is it best to build or retrofit? Obviously, there is a huge price difference but in looking at the long-term my payments only pay down someone else's investment. It has been suggested to me that I retro a local building and after 5 years of profit, I can look int a build. Can anyone shed some experience on this?

Thanks, - James 

Thank you. That makes more sense now. 

Since the IT company is solvent I don't need to put the extra cash in. Instead, it sounds like it would be best to open a separate account and keep the money to be used for any future expenses. 

It's appreciated,

James 

Quick question. My bookkeeper ( not really understanding the rental business ) does not want me to put my income from my rental into my IT company. While I understand that it would be best to use its own bank account do I need to create a 2nd business or just use a 2nd income stream? This is NOT for the deposits just what I am sent after the mortgage is paid by the management company.  Thanks, James 

Hello :) 

Has anyone used https://fundrise.com/start-investing?utm_medium=em... the Fundrise deal? While I am building my cash position ( not an accredited investor yet ) but I would like to get started in the RE market. It looks like they do a lot of multi families which is where I would like to be. 

Thanks, 
James 

@Eric Delcol are there any groups of US groups investing in Canadian properties? Thanks in advance. :)