All Forum Posts by: Jeff Stein

Hi BP!

I recently bought my second small commercial property! It is a small 4 unit strip mall approx. 5,500 sq ft. It is fully rented at this time with NNN leases, but with B and C tenants. How do people find new commercial tenants. I am most interested in how people find A tenants such as starbucks, and other large franchises.

@Joshua Davis You can go buy another property afterwards.

@Nancy Neville Thank you for the info! It sounds like quickbooks is the way to go for me. Any reason why you went deaktop pro and not the online monthly subscriptions? I lnow over time the cost will be higher, but it also prevents neesinh to upgrade in yhe future and I can have. A second user as well.

I am About to close on my second property! I really need a good software program for bookkeepingb and not aure if I should buy quickbooks or a dedicated real estate program. My business is structured in that I have a second LLC purchasing this new building and it has some minority investors. I need to keep separate books (INCOME AND EXPENSES) for each property so I know what to pay out to my investors each quarter. Any recommendations? Please let me know if anything needs further clarification.

Conventional banks will give you terms like this if you are planning on just an investment property and not something you house hack. Because it is a duplex you may benefit from looking into other banks in your area, especially small banks and not the big names. Some other loan types to look into are FHA or seller financing.

I accidentally made 2 accounts. This is the one I am really using. The building I currently own is a single tenant office space on 57th and North. It was originally owner occupied with an apartment in the back, but now completely rented by one tenant. I will likely convert back to 1-2 bedroom apartment if my current business renter decides to leave or give up some space.

My goal is to expand mostly with multifamily or small commercial properties.