All Forum Posts by: Sol Romand

Did you think of 0% AR credit cards? I purchased a 4plex last year. It was a cash deal, all my money went there. I put $50,000 on a few credit cards and refinanced after 6 months. With your credit score and assets, you should be able to pull it off.

Anyone have a dummies guide for Opportunity Zone investing? Books, Youtube Anything.. I'm looking for a DIY step by step process to do things like the BRRR method, buy & hold etc. I am the type who figures things out himself, so I've read dozens of articles on the subject, but I have yet found a simple process that would teach us regular RE guys what to do. If the only thing I would get out of it would be to calm my self down that I'm doing it the right way, that's all I need. Anyone?

I had a similar situation, I was trying to find out who owned the next door property. So I called into town office and said that I would like to speak to my next door owner regarding a tree which is reaching over my property. They didn't give me the number but I got a call an hour later from the management company who was in contact with the owner.

Thanks for all the good advice. I purchased the property with cash so I have no issue with a lender unless I hope to refinance. The city gave a approval for one facility on the block, and I'm the only space for rent on the MLS. They won't give a COO until the state license is gotten.

I just got their letter of intent, anyone have some advice? They want to commence the lease in May at 10% more than standard rental rate with 2/3 month deposit. They keep the option to terminate the lease if no license is given, and forfeit the deposit.

Something tells me that I would be taking to much risk, but the area isn't too busy and a good tenant may be hard to find.

Cash wouldn't be an issue. I can have my PM pick it up. Why would my lender put me in default?

Well, if the 25k was a loan to the LLC then the first option is correct. You are getting your money back from the the LLC prior to dissolving. However if it was a personal loan to your partner, then the second option would be correct.

Hi BP members!

Anyone know anything about recreational marijuana dispensaries from a landlord concern? I own a vacant commercial medical office in South Jersey and was approached by a realtor to rent out to a dispensary. What concerns should I have? What legal concerns, financing or insurance impact would it have. Are the rents and deposits the same as a standart commercial tenant? Wondering if there are the same DA concerns as years ago?

Looking forward to any feedback as well as advise on who I should be consulting while going forward.

I just purchased a office building in Egg Harbor City NJ. The space is a 5000 sq ft former dental office. There is another dental office across the street so I don't see a market for another dental office, so I started to think of turning the rooms into small suites and renting them out individually. Anyone have any experience doing such a conversion? I'm trying to figure out the market for such facilities as well as the work and cost involved. Also if it were to be rented out to one client then all utilities can be passed on to the tenant, what about shared space? Is there anything needed to provide as a landlord, such as a conference room or kitchen area?  Thank you all BP members for your help!

Wondering if anyone has any experience to share. I just purchased a multi use building. The 1st floor is a 5000 sq ft former dental office. It has 13 rooms of various sizes. I would like for one tenant to fill it, but am looking to figure out what other options there are. Does anyone have experience in converting or managing small office spaces? What do I have to figure before starting out? 

Welcome! EHC has a good rental opportunities, I currently have a 4 plex there and are in middle of renovating a duplex there as well. Feel free to reach out!