All Forum Posts by: Scott Mac

Hi Dan, @Dan Gandee

Speaking of liens, how do you ensure subs have provided you with copies of lean releases that have collected from all of their subs and material men?

I mean how do you ensure when you cut the check, that they have paid all of their guys and not used un-licensed subs Or our skipping out on paying for materials?

How do you know they're not missing any lean releases from any of their subs?

This might be as simple as asking the sales Person how much money will I need to spend over the next 12 months on the business to have a realistic chance of succeeding at this.

And follow that up with what kind of personal balance sheet and credit rating will I need to have to have a realistic chance of this succeeding at this.

As well as What kind of activities will I need to do during the day [100 phone calls, etc], and how much time out of my day will I need to spend to have a realistic chance at succeeding at this.

Just my 2 cents.

It seems like in places like Tijuana the rents might be going up since so many people would be clustered in that area looking for shelter.

I have not looked in any particular platform nor have I looked at the monetary return on selling electricity.

My main concern with this this is it's a separate asset that has to be attached to the structure.

What happens when you need to have the roof replaced they're going to have to detach that thing.

The other concern I have is service life. 

What is the service life on this piece of equipment.

If it has capacitors the service life could be 10 years, or they may have a service life of more than that, but they don't live forever (what about repairs?).

Plus I don't want to be in the electrical selling business, that includes no hookups to recharge electric cars.

All I want to do is provide housing and collect the rent.

It is not the politicality of it all with the global warming stuff, that has nothing to do with it.

I also have no interest in being in the car wash business, or the laundry business, or the AirBnB business, things like that which seem to appeal to a good number of people, but not me.

I like to KISS, and just focus on market rate rentals, 12 to 18 month leases.

And on the commercial build out do you believe this to be an attractive feature to the renters and their customers.

I mean there are many segments of the population that consider this to be part of the global warming (or whatever the politically correct name for this is lately) political football, meaning you may offend some but you may also attract some.

Have you thought of that?

Just my 2 cents.

It might help with you state where your goals are.

Cigarettes, alcohol, abandoned everything.

How are you coming up with that much larger market rent for all those units?

Why is the rent so suppressed for all those units right now?

How much will you have to spend to make those units worth more to the renter?

Is this section 8-(or some kind of fixed income program) these units seem very low priced?

Just my 2 cents.

Maybe as an add-on to all of the good advice everyone above has given, 

you might want to think about learning Excel, if you do not already know it.

I have developed very good excel skills over the years and I'm glad I can do whatever I want with it.

https://www.w3schools.com/excel/

Good Luck!

Well then could we have a example of defeasance, maybe such as a Bob and Ted story?

Before you think you're getting in for zero down, have you asked what kind of cash reserves you have to have to qualify for the loan such as X number of months rent, and X number of months taxes, and what about insurance are they going to require you to buy one years of insurance or something.