All Forum Posts by: Dovid Staples

Sound very relative to me. If your plan is to do nothing, have someone else manage everything, and still have low risk then you're probobly going to fair better with a REIT than trying that strategy on actual real estate.

This post is pretty noteworthy

In my opinion this should hardly effect a savvy investor. The criteria these wallstreet guys have to follow is tighter than the ties around their necks. They can't take risks and thus have to pass on most great deals. They have to settle for solid, but lower returns because they have shareholders and investors to answer to. If you find yourself going head to head with them instead of running circles around them then I say you're doing it wrong.

best thread on BP today

Seeking commercial residential in the following submarkets: 

North/south mesa

Western Suburbs

Northwest Phoenix

South Scottsdale

Gilbert

Chandler

Glendale

Christown

Metrocenter

Central west Phoenix

With the following criteria:

cap rate of 6-5.5 on acquisition depending on the value add opportunity. 

Owner paying all utilities, under rented, low occupancy, a plus.

W/D not required, but W/D hookups or facility (used or unused) is a must. 

No swamp coolers.

Build year 1980 or later.

Going in COC return 6-8% depending on the situation.

Must have the potential to add at least 25% to the value. 

Property must be valued based on actuals, we will do our own pro formas and will not price a property based on them. 

Thank you.

@Laura Alamery I really appreciate you pointing out #3. That is something I had not even thought about when designing my exit strategies. 

My partner and I are looking to network and connect with relationship focused local commercial lenders in the Phoenix Arizona area. Our financing strategy is creative and we are looking to avoid the big brand bank names. Right now our focus is mainly on multifamily, but we look at value-add commercial retail as well. If you could comment me or message me your info here we would love to get to know you over coffee!

My partner and I are looking to network and connect with relationship focused local commercial lenders in the Phoenix Arizona area. Our financing strategy is creative and we are looking to avoid the big brand bank names. Right now our focus is mainly on multifamily, but we look at value-add commercial retail as well. If you could comment me or message me your info here we would love to get to know you over coffee!

My partner and I are looking to network and connect with relationship focused local commercial lenders in the Phoenix Arizona area. Our financing strategy is creative and we are looking to avoid the big brand bank names. Right now our focus is mainly on multifamily, but we look at value-add commercial retail as well. If you could comment me or message me your info here we would love to get to know you over coffee!

I'll start believing there's a bubble when I see blue collar workers buying mansions like in 06