All Forum Posts by: Rodolfo Canon

@Malcolm Chelliah, $500,000 gross income. $350,000 net income. Living expenses $12,000 per month. Net free cash $$200,000. That is year one. Year two. Gross income $600,000. After tax income $420,000. Living expenses $12,000 per month. Net free cash $270,000. Year three. Gross income $700,000, after tax, $490,000. Living expenses, $12,000 per month. Net free cash, $340,000.

So, after three years you will have net free cash of $810,000. Buy an 8 cap office building with 25% down and 75% financing. $4,050,000 purchase gives you $324,000 per year in income.  

Give up medicine and live the good life.

Inventory is slowly increasing. February and March historically show the greatest buy-sell activity. 

Selecting a neighborhood without knowing things like work location and desired drive time, home condition required, lot size, year of construction, number of bedrooms and bathrooms, and if school quality is important to you, giving you advice is shooting in the dark. 

Re-sale should not be a problem, nor should renting the home. 

This market remains strong when compared to data for the last 40-years. Price increases continue but not at the same rate as in 2017. Days on Market are still low. Months of inventory is a good leadings indicator is still low. 

Given these factors, the inventory is expected to increase. So buy over this quarter. 

There is a monumental amount of information in the marketplace about the drivers behind customer capture in the residential marketplace. In my 12-years of business (last three exclusively in commercial), and at least 40 training seminars, I never encountered one recommendation for opening an office in a high traffic, high visibility location.

Your Castle Real Estate in Denver, where I am an agent, has never had a high visibility location and is the fastest growing brokerage in Colorado and one of the fastest growing in the USA. Its growth has come from providing the market with exceptional intelligence and analysis about the market. YCRE has demonstrated the power of adding value to the customer experience and building a network because of that value. Perhaps this approach would be a better solution.

In 2004, at the height of the government-subsidized home ownership bonanza, 69.4% of families owned their own homes. By 2009 that number had fallen to 67.5%. Today, it is at62.9% nationwide. In Denver, however, the number is at 55% and, like the national average, continues on a downward trend. What does this mean for the commercial real estate market? More apartments, of course. There will be 15,000apartment units delivered in 2018. 9,000 in City of Denver. This is the 3rd largest number of units in the US, behind only New York and Dallas. 13 of the 17 land sales over $10 million will become apartments in three years. There are more developers seeking land than there are parcels to sell. Prices are going to increase. At the current rate of construction of new homes, there is no possibility that new home construction will increase much from the current delivery levels in the next3-4 years. Therefore, all of the population growth (migration, and more births than deaths) will go into rentals.

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Karen,

I recommend Chris Lopez of Your Castle Real Estate. He works with small investors and has a sterling track record. At Your Castle, there are many free seminars for all levels of investors and all are free. Chris teaches many of them. 

EIG (Economic Innovation Group) was the political and intellectual driver behind the Opportunity Zone concept. They got it into the Tax Reform Act. The guy who started EIG, Steve Glickman, has left EIG and started Develop, LLC which has a website that is easy to find and has a FAQ section that simplifies the beast...

We did over 70 F&Fs during the 2009-2011 time frame and did well. The market is a bit picked over, but there are still people doing them. Your Castle Real Estate has free seminars on the market, if you are interested. Chris Lopez is a great realtor and who is finding deals for all types of investors. 

These two gentlemen spoke at the 2016 Airport Cities Global Conference in Qingdao China. Very knowledgeable and accessible guys.

Gerald McDowell

Executive Director

Reports to Jonathan (Jon) Tuley

Senior Principal Planner, AICP, Atlanta Regional Planning District

I would advise you to check out: https://aeroatl.org. This is the Aerotropolis Atlanta website and it contains information on economic development, the communities, connectivity, schools and all the other checklist items for corporate site selection teams. 

In addition the Aerotropolis Atlanta has been present at the global Airport Cities Conferences for many years and have been espousing the benefits of their site. 

With the busiest airport in the world nearby, corporate supply chains moving to the area, the comparative cost advantage over other cities, air, road, and rail connectivity, the area has no where to go but up.

Check it out and good luck. 

Boulder? I don't think so. Have you checked the average price of a detached single family home in Boulder? I would recommend that you pick an area and become that area's expert. North Aurora might be a good place to start; or Green Valley Ranch and Montbello. 

Identify the markets where your cash reserves will get you started. Chris Lopez of Your Castle Real Estate in Denver is a great guy to work with. He and his team have a pool of investors that are doing exactly what you intend to do. 

Be smart. Work with the experts.