All Forum Posts by: Account Closed
Account Closed has started 6 posts and replied 82 times.
Post: New member from Dallas Texas
- Investor
- Cedar Bluff, AL
- Posts 83
- Votes 17
Welcome to the forums! You will find a wealth of information on this site.
Post: Tax Adjustment Strategies for Multifamily Apartment Buildings
- Investor
- Cedar Bluff, AL
- Posts 83
- Votes 17
Originally posted by @Brian Adams:
Trey, I am using a property tax consultant to help me with my 200+ unit deal. They don't get paid unless they lower the tax and their fee is fixed.
You may want to engage the services of a professional to help you.
I have done the same. Totally worth it.
Post: Let's meet while I tour this summer (Smash Mouth)
- Investor
- Cedar Bluff, AL
- Posts 83
- Votes 17
@Sean Hurwitz If your pass through Birmingham AL anytime let me know, would be glad to meet up and talk real estate. I invest in commercial retail properties right now but looking to branch into larger multi family's.
Retired my 2005 Ram for this. 2014 Silverado 1500 LTZ bought it with 10k miles on it.
Post: Due Diligence Checklist
- Investor
- Cedar Bluff, AL
- Posts 83
- Votes 17
p&L statement for last 2 years
capex expenses for past 3 years
property tax and insurance expenses for last 2 years
utility bills for last 6 months
environmental reports
Rent roll and lease expiration dates
for starters
Post: Learning Commercial Investing: Book Recommendations
- Investor
- Cedar Bluff, AL
- Posts 83
- Votes 17
The Art Of The Deal by Donald Trump
Commercial Real Estate Investing 101 by David Lindahl
Just for starters.
Post: "Increasing the velocity of your money" Does this work?
- Investor
- Cedar Bluff, AL
- Posts 83
- Votes 17
It works if you buy low enough compared to the properties market value.
Post: Multi Tenant Strip Malls (Retail) Owner Financing Deal Thoughts
- Investor
- Cedar Bluff, AL
- Posts 83
- Votes 17
If the numbers are right, sounds like a killer opportunity! If you don't want it, sharing is caring. haha
Post: Why can't a multifamily property be sold to an owner-occupant?
- Investor
- Cedar Bluff, AL
- Posts 83
- Votes 17
Because these are commercial loans. No FHA financing on these. It is common to show proof of funds. If you put anything down, make sure it's not "hard".
Post: How to start early at 17?
- Investor
- Cedar Bluff, AL
- Posts 83
- Votes 17
Originally posted by @Sam B.:
Start by finding a local flipper in your area and asking if he needs some grunt-labor work. Learn from the ground up, prove yourself as a hard worker and then ask him all that stuff you just asked BP.
This is the way to get started. Also talk to local realtors/brokers they can more than likely tell you who the bigger players are in your area.