All Forum Posts by: Trevor Naumann

Not looking to start a taco fight but i personally feel that the craze for taco's Al pastor did not last long enough before birria tacos took over. Don't get me wrong Birria is delicious but i would have enjoyed the Al pastor craze to have lasted a bit longer as i think there was much left to explore. I personally enjoy a taco eaten in parking lot in some strange part of town probably in east LA or San diego that was made roadside as i love helping out local businesses.

Hey Guys i have an off market Apartment buidling in Monticello. shoot me a message if you want the details. 

Hey BP Fam

• My main market is Ulster County NY and i am considering starting a meetup. Allot of my clients have reached out to me looking for this type of event especially with the ever changing conditions of the market. Questions i am asked all the time include Kingston rent control and how to win in Kingston, good cause eviction, where are people finding deals? which areas can you Airbnb? etc. I figured i would ask the community if there are people who would want to attend a meet up if i put one on locally?

      If you guys have any requests for what type of event you would want to participate in or want me to find any specialists to present let me know?

facebook market place is always a solid choice. I have never personally rented or bought anything through facebook but im always shocked at how much traction i get there. 

I have an off market Commercial building in Newburgh NY. 6.5M asking hit me up for details. Broad strokes its two buildings with a mix of office retail and restaurant. long term tenants and leases. includes attorneys banks red cross and local shops.

yes at the end of the day your analyzing numbers right. I think the bigger question again is what lease type will you use. will the auto shop be paying for their electrical? Who pays for heat? etc. if the numbers work go for it. i would personally try and get a more affordable rent for them and push all expenses back on them to keep it simple.

so given this. The tenants in a commercial property are often times the most important part of the asset. I might be nervous about how long it would take to fill a vacancy on the auto shop. Could you afford to set the rent at an attractive enough price in order to fill it? If it remains vacant will the numbers still work? Is it already built out with car lifts and lots of equipment that make its best use as auto only or could it easily be converted to another business? as for the marshal art studio what are the lease length and terms? How long have they been there and what stage of ownership are the owners in? Is it realistic that they will stay there for a long time or are they nearing retirement age? How is their business doing? is it healthy? I only ask all of this because there is nothing worse then buying a building and immediately having to deal with a year of vacancy. Other questions to ask would be how visible is the location? How many cars pass it each day? Then there are the specs on the building. How old is the roof? Hows is parking? What needs to be updated? i would consider all of this when perceiving the risk and performance of the investment. 

Depends. what is it? Office? restaurant strip mall retail? Recognizing and analyzing risk will depend largely on what the property is and who it is serving.

yes i would include her payments as income. Even though you will be utilizing the property in a unique way i would still analyze on the basis of purchasing it solely as an investment so that you have more exit strategies in the event things change. Maybe your circumstances would allow you to be a bit looser with your buy box but it would probably be nice to know the property works as a long term rental, house hack, could be resold etc. Hope that helps

definitely speak to your CPA on the matter if you want to go for the sale but you could always seller finance it to someone with a loan structure that has some teeth in a few years which would encourage the new owner to refinance. I believe getting your loan paid off in a refinance would not be taxed and then you could keep the majority of it. Plus everyone is so hot on finding seller financed deals at a preferred rate that you could likely get a higher asking price if the numbers pencil out and then recapture more money later. The negative of course is then trusting the new owner would not run it into the ground in the event they fail as a landlord and you have to take the property over again but if its a good deal you should have lots of interest and buyers to vet for a good fit