All Forum Posts by: Tanner Sherman
Tanner Sherman has started 7 posts and replied 322 times.
Post: Do you ever lose the nerves before a new purchase
- Real Estate Broker
- Omaha, NE
- Posts 329
- Votes 203
I'm sure there is a part that will never go away, but you will become more comfortable with the possibility of something wrong when you realize that there is only so much due diligence you can do. And there are very few problems that could happen that are outside of your control that would result in catastrophic failure.
Post: Does anyone have experience Buying a hotel?
- Real Estate Broker
- Omaha, NE
- Posts 329
- Votes 203
Originally posted by @Kyle Keller:
So a friend of mine and I are looking into larger multifamily and found funding for hotels to be interesting. After talking to an agent and some lenders and finding an interesting deal were going to take a whack at it, at the very least for an cool thought excersice... All the numbers make sense, were learning about management and more about what it takes to run a hotel.
It seems like a whale though and it's moving quickly. Does anyone have any experience in the purchase of a hotel? What are pitfalls to look out for that you came across? How did you pick an area? Is there a way to find out the amount of transit through a town or why people are traveling through there?
Any help is appreciated.
Ay another Active Duty Realtor! Mahalo!
No experience with hotels but I am curious what your plan with it is- keep it as a hotel or redevelop?
Post: Property inspection report
- Real Estate Broker
- Omaha, NE
- Posts 329
- Votes 203
Are you working with an agent? This is something the agent should be walking you through. I always recommend my clients use a home inspection as a "to do" list to give to property management and/or contractor. Depending on the amount and severity of the findings, you could potentially look to renogotiate.
Post: Tips For a 22 Year Old
- Real Estate Broker
- Omaha, NE
- Posts 329
- Votes 203
Those fears are very normal, I'm sure everyone on this site has felt that way at some point. You won't have all the answers and you won't be prepared for everything. But you won't know if you don't try. Don't buy a new car so that you can keep up with your friends' new Subarus. Invest and be smart because if you make the leap then 10 years from now you'll be driving a Ferrari while they're still paying off their "super cool" used WRX.
Post: Who wants child labor?!
- Real Estate Broker
- Omaha, NE
- Posts 329
- Votes 203
I love the drive, what kind of work are you looking for?
Post: Reducing or eliminating capital gains: NO, it's not simple!
- Real Estate Broker
- Omaha, NE
- Posts 329
- Votes 203
@Teri Feeney Styers That is really good to know, is the process of setting up the S Corp similar to setting up an LLC?
Post: Analyzing data for rental property investment
- Real Estate Broker
- Omaha, NE
- Posts 329
- Votes 203
Originally posted by @Mendy Fried:
Iowa is a hop skip and a jump away from me. I am not extremely familiar with the area, as I stick to Omaha NE and surrounding areas but I do know a lot of people that invest in Iowa and have a higher purchasing power there than they do here in Nebraska, but I think the vacancy is much higher.
Post: Total newbie! Hi! Refinance money question!?
- Real Estate Broker
- Omaha, NE
- Posts 329
- Votes 203
@Zachary Dalton Of course! Feel free to DM me with any specific deal related questions l
Post: Reference to find ‘Average Days to Rent’
- Real Estate Broker
- Omaha, NE
- Posts 329
- Votes 203
@Anurag D. Yes but be weary trusting their statistics as they are algorithm based and we all know how well the algorithms worked out....
Post: Reducing or eliminating capital gains: NO, it's not simple!
- Real Estate Broker
- Omaha, NE
- Posts 329
- Votes 203
@Michael Plaks That is really good to know- Would this self employment issue be resolved if one were to do all of their flips inside of an entity?