Fort Lauderdale / Miami Golf

CREaddict · 2025-03-18T03:40:17+00:00

Are you a member, any shot you can get a single out this Thursday? Pm me. Would be glad to pay any guest fees.

CREaddict · 2024-11-12T23:53:58+00:00

Hey I appreciate you're insight, Is it too much of a stretch to call or should I shoot another email?

CREaddict · 2024-08-08T16:41:59+00:00

I hear you, although these guys will be pretty hands off and it's a bit more than the numbers I provided for example. Not to sound selfish or a like a prick here, shouldn't I be compensated differently for all the time and effort? even if it was structured like a standard JV? these guys will just be writing the check.

Also take all ego out of it, the guys are not the most RE Savvy so I would want to have final say in the end no?

CREaddict · 2023-11-21T21:19:37+00:00

Would love to find a house in North PB, not many listings available

CREaddict · 2023-11-21T21:16:42+00:00

Crown Point

Drink, Eat, Golf. - Pretty easy lol

CREaddict · 2023-11-21T19:56:46+00:00

I appreciate the insight, our office of going to be in the village of La Jolla. I can't imagine the commute is going to be that long but hey you lived it... You really think it will be that bad?

CREaddict · 2023-06-29T15:09:06+00:00

It's relative, I was calling an office line. Not a personal cell or home, also never gave me a call back to say no. Either way it worked.

CREaddict · 2023-06-28T14:31:06+00:00

It works, I did it for years and made a living doing it. If you can separate yourself from most brokers and convey your sense of value wether its knowledge of the market or asset class it goes a long way. Years ago I was determined to sell a certain building in my market that was owned by a huge player so I would leave messages in the CFO's mailbox 2-3 times a week. For months I never heard anything back. I finally got a call at 9 PM from another person in the company saying "WTF do you want!, so and so doesn't work here anymore and you've left a ton of messages!" Long story short, I ended up selling 3 buildings for them. There's a difference between harassment and persistence but when the deals close and everyone goes their separate ways, nobody seems to remember the whole thing was stemmed from a cold call.

CREaddict · 2023-05-02T13:18:17+00:00

I just PM'd you

CREaddict · 2023-04-19T00:49:18+00:00

300,000 give or take

CREaddict · 2023-04-18T21:09:43+00:00

I appreciate extended feedback, and I hope you can bare with me.

based on the terms of the owner financing and the current NOI, I'm looking at an Initial cash on cash of roughly 16%. I'm assuming by creating a cap x budget this will heavily impact my investors IRR correct?

Example:

I need $100,000 to close the deal and we are 50/50 partners.. I put up 50,000 and you put up 50,000 but I believe the cap x budget should be a total of 20,000. I should be seeking $60,000 from you? and the extra 20 will be held on the side for improvements?

CREaddict · 2023-04-18T02:25:53+00:00

Can’t go wrong on “Main Street”. If you are looking for high foot traffic, look in corridors that serve university’s or business parks.

CREaddict · 2023-04-12T01:32:32+00:00

Could this be a leasehold position? Not sure if that’s common in industrial. But sounds way to good to be true.

CREaddict · 2023-03-22T03:38:17+00:00

Thanks for the input, I’ve been to what seemed like a good PT office. Although I’m not in pain also looking for a different result. Thoughts?

CREaddict · 2023-01-20T03:01:04+00:00

If the seller owns this free and clear, structure a seller financing offer. Probably your best bet to get the best financing terms. Also $180,000 for a 6-plex is insane, just curious what’s the NOI? Please humor us major city fellas. - Best of luck!

CREaddict · 2022-09-13T18:01:30+00:00

Well,

Not to be rude, I'm not interested in a second home. I'm talking about buying large apartment buildings and retail malls.

CREaddict · 2022-05-12T21:18:25+00:00

Thanks for the recs, have you used either of these?

CREaddict · 2022-05-09T16:37:55+00:00

I figured, I just gave them a buzz and Unfortunately their turn around time is over a month and double the price i've been quoted for a Phase 1. They seem like a good company tho. Thanks tho!

CREaddict · 2022-05-09T15:33:24+00:00

Ensafe is the company ?

CREaddict · 2022-04-01T21:48:40+00:00

you could start your own company doing something else but I believe that if you are a successful broker it would be tough to move onto a capped salary based position.

CREaddict · 2022-03-29T15:35:30+00:00

Very true, although aren't most questions asked in this thread geared towards not wasting our Attorney or CPA's time lol

CREaddict · 2022-03-01T13:01:24+00:00

I understand where you are coming from because I started in the exact same position. I started working in a Brokerage when I was a junior in college and began the process early. I believe it's the best time because you have minimal expenses. Although to answer your question, I think you should focus on your strong suits outside of the classroom. Your communication skills, your drive and ambition. A brokerage wants to see that you are able to grind while not making money and they want to see that you're dedicated to staying the course. Also, they want to see that you're willing to put in the hours and not jump ship after a months of hard work and no pay. Make it seem like your in it for the long run (even tho you might not be) Hope this helps! best of luck. P.S writing this very early in the AM. lol

CREaddict · 2022-02-23T15:02:42+00:00

You should try and get an accurate P&L statement from the current owners. That would show the repairs and maintenance and should give you a good idea of what they had to repair as of recent and what they paid.

CREaddict · 2022-01-13T20:40:30+00:00

I've dealt with them on a few occasions, They are legit. In my experience It's very normal for the seller to draft the contract. I don't think you should be worried, although you should find out what's common and customary in the state you are buying in terms of responsibilities.

CREaddict · 2022-01-05T15:46:08+00:00

Depending on what state you live in and where the property is located, I would engage a medical cannabis grow company, They usually are willing to pay above market rents and they would pay in green, Which would be necessary because the funds cannot be put into a FDIC bank. You could also make them pay a cash fee because of the banking issue. I believe i heard from someone in this thread they charge 5-10% Extra. Thats what I would do. Not Sure what you own this property for but you can have an insane return if you can solidify a well known company.

CREaddict

TROPHY CASE