All Forum Posts by: Robert James

Team, My business partner and I own over 100 units across many properties and loan types. We have a very basic PFS but curious if anyone knows of a detailed PFS to input all of our property information and that will track our monthly pay-down amount given our various interest rates etc? Any advice would be much appreciated! Thanks, Bob

Team, My business partner and I own over 100 units across many properties and loan types. We have a very basic PFS but curious if anyone knows of a detailed PFS to input all of our property information and that will track our monthly paydown amount given our various interest rates etc? Any advice would be much appreciated! Thanks, Bob

A proposal for financing to the bank! Thanks so much for your help!

Does anyone have an example 1 or 2 page professional proposal document that I could use to outline a property that we have under contract to a bank? I would really appreciate it!!

@Dave Foster @Dave Toelkes I appreciate both of your insight! The land I was referring to is two empty lots in a residential neighborhood that we purchased, and want to sell to move the profit into a larger apartment building. We purchased about 2 months ago...

I just wanted to ensure that the vacant lots would be treated as "investments" since we have not rented the out etc before. I assume as you guys both mentioned we are safe, but the 1031 website mentioned:

"property held "primarily for sale" is also excluded. This excluded property would include business inventory. For real estate, it means property purchased with the intent to sell it, such as fixer upper or vacant land to be developed into a house. An investor who "turns" residential properties, or a private developer, may be classified as a dealer"

I really appreciate your insight!

Adding to this thread...What is the best case "reasoning" to 1031 a residential land sale to an apartment building?

My company just purchased several apartment buildings in Cincinnati, and we are looking to automate our website.

In doing so, we would like to have an online application and background check ran through our website so things are streamlined for both us and our applicants.

Does anybody have any recommendations in doing this?

BP Members,

New to the forum, and really looking forward to contributing!

We are purchasing three multi-family apartment buildings (2-5units each). Each of the buildings are full leased, and we will be managing the apartments ourselves.

Any advice on necessary steps we should take once we become owners regarding transitioning the current tenants to our management as smoothly as possible?

Thanks in advance...

Bob

Does anyone use an online property management software to help automate and manage their units? We own and manage 20+ units and are looking to automate all of our tenants through an online portal.

Thanks!