All Forum Posts by: William Robison

@Dan Schwartz

Look into live answering services. There are a bunch on google. They can accept missed calls and overflow for when you want to take a walk or I am going to my kids ball games. It has a fee, so you have to measure the value of a lead statistically to weigh the cost/benefits.

Let us know what you decide.

Hello @Martin Z.

Welcome to the forum. It is likely that your P&Z or permitting office has rules in place for your parking situation that you highlighted, given that you have less than 1 space for every 500sf. I would ask them which types would be allowed first, then work backwards from there. Its better to find out what will be allowed than the spend time attracting tenants that wont get approval later.

Beyond that, some markets are becoming centralized, meaning a collection of one service or retail segment. (Ever notice when one home improvement chain moves into an area, one or two more follow...same with pharmacies) Look to see what your market area is attracting recently and target the competitors.

1. I try not to make a big deal out of it. The seller is looking at the sales price and closing date. Not much else is important to them. In text, I use: XYZ Company, and/or its assignees

2. They are going to want to see what they are agreeing to, right? I would want to see how well the contract is written, etc. What do you have to hide.

3. No experience. Get the deal upfront. Be verbal, then renegotiate if that is your M.O. Then get the signatures. There are gurus that will renegotiate after, but then they could get upset. What if they want to stick you to the contract and sue for performance. Remember, you can have more at risk than earnest money, as you elude in Q4.

4. First, this is a legal question, seek legal advice....Its still your company name on the top, even after assigned. One way around this is the develop an LLC to sell to the buyer rather than an assignment. Costs more, has other risks, but could take care of this. Seek legal advice.

@Account Closed

you may consider the services of National Real Estate Insurance Group. They work a lot with investors. 913-951-3285

Local to you and I.

All the best, let me know if I can help.

Hello @Paul Nagy

Working with an agent experienced in multifamily would be a benefit for you as you have mentioned. Not only do I have experience in multifamily, but I have been working the Kansas City real estate market for 10 years now. I also have a degree in finance, with an understanding of the various nuances of tenant laws and financial analysis.

All of my experience is on the Missouri side, but I have experienced sales in Westport/midtown, as well as the northland and east Jackson Co.

Send me a connect and we can discuss more specifics of your ideal properties and goals. I tend to believe that there are still good values in some mutli-family.

In general, you are correct it your assumptions.

I have handled note sales in the past. Here is my experience. First, getting a lender to sell a single note relies heavily on several factors. If it is a large lender, you can pretty much move on. If it is a small lender, then you can potentially work a deal. Regarding the above market rate, this could still be for sale, but at a premium. You would have to pay above payoff to get a cash flow above market rate. A points system. If it was in arrears, that is a different story, where you could negotiate a discount to take over their headache.

Hello Have you had success finding the right investment deals in the Kansas City area? There are several that have just hit the market recently, so you should have some luck. Let me know if I can help.

Looking at statistics online can be somewhat revealing. As a real estate broker, I cannot steer you in or out of a neighborhood or market area. There are a lot of statistics about Kansas City as well as the rest of the country that can be found on city-data.com as well as many other sites.

I do have investors that are considering the same facts in the Kansas City market area. What one person considers a war zone, could be home to another investor. Been there, done that.

Figure out what you are comfortable with. Best advice that I have used is to drive areas at 6pm on a Friday night in the summer. You will find you own comfort level in each type of community.

This is a legal question, first and foremost. Ask an attorney for proper advice.

With that said, yes, technically, she has crossed the lines. One work-around is to develop a partnership that would allow her a non-equity position in the company that owns the real estate. Or a variety of other options similar to the same scenario.

Ask for referrals.

Ask how many deals they have handled. This year, and total.

How many deals fell into foreclosure. (mine has had zero in 4 years)

No points are a nice deal, but make sure that you look at all other potential expenses from beginning to end. Sometimes they can sneak in a fee at payoff.