All Forum Posts by: Michael Knudsen

Michael Knudsen has started 2 posts and replied 40 times.

I can tell you that he has private money sources offering competitive terms for residential investment properties if you package them in a portfolio (4 or 5+ deals).

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Matt, I can't speak for the residential space, but for commercial transactions (especially multifamily and retail), I highly recommend Matt Hollander of BluePoint Commercial up in Marin County. He's very competent and diligent, and an even better guy. He recently helped a client of mine secure a 7-year fixed note due in 10 at 4.25% with a 25-year amortization schedule for two single tenant net lease deals with 2.5 and 4.5 years remaining on their base terms. He's very familiar with the Southern California market and travels down here frequently.

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Yannick, Have you considered buying a duplex with conventional residential financing and renting the second unit via Air BnB?

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Not to hijack your thread, but do any seasoned offshore real estate investors here know if foreign real estate investments over $50,000 trigger FATCA reporting requirements?

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If you have any single tenant retail in El Paso leased to national credit operators and priced above a 6.75 cap, please shoot me an email -- I am currently working with a handful of 1031 buyers on an exclusive basis, and a few of them are bullish on Texas.

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Generally, you need this to assess a market cap rate for an office building: -Occupancy rate (current and historical) for the premises and the surrounding trade area -Expenses as a percent of gross scheduled income -Rental rate PSF for each space (ideally they are at or below market) -Age/class of building -Quality of the location -Rollover risk -Lease structure (full service vs. modified gross vs. modified triple net vs. absolute NNN) -Credit of tenant(s) -Supply/demand for office space in the current market A ton of factors need to be properly evaluated to assess value in any given market.

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You NEED rental comps to assess whether or not the cap is sustainable, or else you could lose your ***. Local office leasing brokers who control the market are your best friend in this scenario.

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From my experience, the numbers are accurate less than 50% of the time. You'd probably have better luck using White Pages Premium + [Insert State Here] Secretary of State Business Search + Bizapedia. If you want an 80-90% probability in researching cells phones and emails, LexisNexis is the gold standard, but it costs $3K+ annually. Of course, I can run a search for you for free... if you bring me into the deal! I kid.

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Originally posted by @Andrew Davis:

Hey @Michael Knudsen,

I used to live in Pasadena, it's a beautiful place!

You'll mostly find residential investors here on BP (single and multi-family), however, I know several guys in the commercial retail space here in Orlando, and I'd be happy to connect you with them at some point if that would be helpful to you?

Welcome to BP, and I wish you well on your upcoming transition!

Thanks for the warm welcome Andrew. I would greatly appreciate it if you could put me in touch with your contacts in Orlando, especially on the principal/developer side. That said, I love networking with active brokers as well -- I have completed multiple 1031 exchange transactions on the buy side throughout the Sunbelt in recent months, and would love to tap into some off-market pipelines for more deals.

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Originally posted by @Bradley De comarmond:

Welcome Michael Knudsen I live in LA and work with Californians to invest in central Florida. While I focus on residential and smaller multi familiar properties, there may be ways for our paths to cross and do business together. I'll keep my eye out for commercial investors looking out of state.

Thanks Bradley, I hope we can meet at some point, and hopefully put a deal together in the future. Please feel free to reach out to me any time, and I will do the same.

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All Forum Posts by: Michael Knudsen

Michael Knudsen has started 2 posts and replied 40 times.

Post: Looking for an investor-friendly mortgage broker

Post: Looking for an investor-friendly mortgage broker

Post: Barriers to Entry - Cayman Islands

Post: Financing Foreign Purchase - Costa Rica

Post: Looking to network with commercial re investors

Post: How do you determine value without similar comps?

Post: How do you determine value without similar comps?

Post: Anyone Using Prospect Now??

Post: Hello from Los Angeles

Post: Hello from Los Angeles