All Forum Posts by: Account Closed

Welcome @Bruce Troutman.  I am in California as well and would be happy to talk about investing.  PM me if you are interested.

@Nicole Candelario There is currently an anti-gouging statute in effect for much of California, allowing increases of no more than 10%, so unless you check with an attorney first, I would highly recommend a raise of no more than 10%.  That being said, if there are any utilities not being paid by the tenant, you can give the tenant a 30 Notice of Change of Terms, requiring them to pay all utilities (or trash) in the future.  This does not count toward the 10%.  Feel free to PM me if you would like to ask any specifics.

Are you looking to work in commercial real estate?  There are much more investors in that realm. Otherwise you could sell residential and specialize in smaller multi-family. Please feel free to PM me if you want to have a conversation. Once I know more what you are looking for, I can help point you in the right direction. 

I agree with Jacob.  The best chance of this working is to have a large amount of foot traffic already in the area.  Otherwise these kinds of projects can be ghost towns that kill off all the tenants.  If it is somehow near a downtown or redevelopment area however, it could be a really fun hangout.  There also needs to be some sort of food and/or picnic option nearby I think.

@Ben Hansen, LoopNet is open to the public and can be used to list spaces for lease.  The free membership does not give you the most current listings and you would be unable to upgrade your listings.  If the space is in a great area, that might be all you need.  Otherwise an agent is your best bet.  They also have access to CoStar (also owned by LoopNet), which is only accessible to agents and is expensive to sign up for.

Lauren Prichard, CEO

Aborn Homes/Aborn Powers

@Peter Bui I'll look forward to it!

Welcome Myesha!  I wish you great success.

Congratulations Tim!

That’s a pretty good rate. I don’t know the value of the property, so it’s hard to say for sure.  I was mostly trying to help you keep some cash out for future investments. If the loan with your friend is the right amount for you, the interest rate is good, so you might be all set. Plus you don’t have to deal with the paperwork and demands of a conventional lender. 

Jennifer,

You can give a notice on any day and just count forward thirty days from that point. The notice must end on a business day, not a weekend or holiday. 

Lauren Prichard, CEO

Aborn Powers/Aborn Homes