All Forum Posts by: Terry Owens

@Account Closed

Thanks for the idea, Saj.  I prefer to make my own analyzers, that way I know what goes into them. I also learn things that way...

@Paul Moore

Hi Paul,  I am a real estate newbie. I've studied how to analyze properties, done the networking, found the deal and now I need to find some investors. This is a fairly small deal in Huntsville, AL, $575,000 with a cap rate of 8.7%. Can you please advise me on the structure I would have to set up for something like this to actually get someone to invest in this?  I can only put about $50,000 of my home equity into it myself.

@Chris Tracy

Hi Chris, I've read a lot of your past post. I appreciate all the help you're giving newbies. I am a real estate newbie. I've studied how to analyze properties, done the networking, found the deal and now I need to find some investors. This is a fairly small deal in Huntsville, AL, $575,000 with a cap rate of 8.7%. Can you please help me find investors? :)

@Mark Gallagher  Sorry, Mark, the tag didn't work in my previous reply.

@Mark Gallagher

Mark,  I was thinking maybe a equity partnership would work for this.   The cap rate is 8.3%.  This includes a 10% vacancy fund of around 10,500/yr and a cap ex fund of 10,200/yr.  The property's well cared for, 100% occupied, with heat/ac, water heaters, roof that are only two years old.  I would hold it for the cash flow.

@Mike Bolen Thanks, Mike for the cap rate, interest rate comparison. 

Do you have any idea what plan B would look like?  What if I found partners and took 10% management fee and a 10% finders fee for myself?

You have experience with buy and hold using HM?

@Mark Gallagher BTW, I heard the term "medium term private hard money pool" on a podcast at "The Commercial Investor.com/podcast".  Did I misunderstand the guys?

:) Thanks, @Mindy Jensen.

I probably should have mentioned the deal is a stable, 11 unit commercial office space, asking price is $800,000, NOI is $76,000, Total ROI is 9.7%. It's fully occupied, tenants do most of their own maintenance. Off a very busy thoroughfare with lots of traffic. Seller will not finance. What else do you want to know,

Thank you, Nicole.  I should have mentioned this was a commercial property.  Sorry.  The deal is a stable, 11 unit commercial office space, asking price is $800,000, NOI is $76,000, Total ROI is 9.7%. It's fully occupied, tenants do most of their own maintenance. Off a very busy thoroughfare with lots of traffic. Seller will not finance. 

I would like to make some money in this deal and not just give it away... :)