All Forum Posts by: Chet Mazur

If it's not a secret, how exactly are you doing that?

I find it better than most, but nothing to base a deal on. Also, tends to be blackmagic.. I asked for the formula for a "Hot opportunity", and then gave me a pile of crap including that the true property value was published by the lender as part of the NOD.

I am working w/ a couple GCs to find properties that need remodel/renovtion or groud-up construction.

So far it has been difficult to get people on the same page. Case in point there was land for 6 townhomes...One GC was on vacation and the other was too busy to return my calls. I am going to try to find some additional GC s to partner with. Another time they said the land was too expensive, but couldn't say why.

sure does..

I am looking at a office building in default OFF RIVER PARK DR Sacramento, CA 95815. I am from silicon valley so I know nothing about the area. If anyone knows a commercial appraiser, commercial broker or other person in the know,I'd like to hear from them and would appreciate the intro.

If You are local, and have a comment, I'd Like to hear that as well.

Thx.

Would people that had savinging mind spelling them out. What roadblocks did you hit w/ Series? Did the lender say why a series wasn't o.k?

Has anyone one done exotic transactions like tax free sales between series?

there seems to be some trends surfacing... I never heard of a non-hospital bases ERs, and now there are a ton of them. If this a market reaction to the horrible wait times in hospital ERs.

With or without Obamacare, medical practitioners have to have office space. It would be interesting to see will doc's push back and want concessions from owners, or do the owners control the game.

There has also been more unbundling of service charges.A charge for the doc, a facility charge, a lab charge, etc. I believe this came from Medicare, not wanting an itemized invoice for $$$.

I know a couple groups of doc that invest in real estate, and the always invest in specialty things like the $1M magnet in the MRI machine & the imaging center, and surgi-centers, not "generic" office space.

Here in CA, being just outside the city limits can be a good thing as you would fall under county jurisdiction which is less restrictive.

However,and this might all be shite in SC, the city has the right to annex you if you're city adjacent. Of course, there are extra fees for that. But that might make you in beverly hills, rather than unincorporated LA County. Sounds a lot sexier and worth the panache.

Beaware as a preforclosure there can be little or no opportunity to check out the the interior condition of the property. You could be buying a abandoned meth lab.

There can be code issues listed w/the city or county and obligation on the title like a lawsuit judgement,unpaid sewer, etc. (most listed thru county recorder in CA)

See if there is a friend title company in you area that has a service to provide this info.

I love when people read and post a ref to the entire law, and read/interpret as an attorney would. Love those loopholes and exceptions.