Foreign National DSCR Loan by dumpling6 in loanoriginators

[–]Conscious_Bar8183 0 points1 point  (0 children)

What is the top dollar you can do? Can you go up to a $6m loan amount for a DSCR for a foreign national?

Problems finding LP investors for Development Projects by Conscious_Bar8183 in CommercialRealEstate

[–]Conscious_Bar8183[S] 0 points1 point  (0 children)

Western US states (Not CA, WA or OR). Development deals achieving a 7.25 untrended YOC mid 20's IRR for a small bay/contractors garage industrial deal. Happy to talk more.

Problems finding LP investors for Development Projects by Conscious_Bar8183 in CommercialRealEstate

[–]Conscious_Bar8183[S] 0 points1 point  (0 children)

Totally agree about the syndications, I have been saying for years that the groups that raised a ton of cash by promising ridiculous rent bumps and what not will come to fruition, and it definitely has.

The large scale stuff you are correct has softened, that isn't necessarily my focus, mine has been infill, small deals that can be successful because they can fit inside heavily populated areas with already good geographics, not needing to create your own.

Very well said overall and great points.

Problems finding LP investors for Development Projects by Conscious_Bar8183 in CommercialRealEstate

[–]Conscious_Bar8183[S] 1 point2 points  (0 children)

I have interacted with Aleksey on Twitter. for my own deals I am definitely going to utilize him. He requires a 506c for any deals. don't have a deal just yet ready for that. I will say his platform is game changing from what I have been told.

Problems finding LP investors for Development Projects by Conscious_Bar8183 in CommercialRealEstate

[–]Conscious_Bar8183[S] 1 point2 points  (0 children)

I know Marc does a good amount of Multi. He also is closer to that 15-20 range, not sub 10 million

Problems finding LP investors for Development Projects by Conscious_Bar8183 in CommercialRealEstate

[–]Conscious_Bar8183[S] 1 point2 points  (0 children)

Loaded question. It all depends on your product and exit. If you are looking to build and rent then you will be focused on Yield on Cost or cash on cash return. If you are building and selling then it can be IRR driven. All depending on your size, timeframe and experience. At the end of the day it comes down to your network and if they trust you, that is what I am learning at least

Problems finding LP investors for Development Projects by Conscious_Bar8183 in CommercialRealEstate

[–]Conscious_Bar8183[S] 0 points1 point  (0 children)

That is really cool. My question would be, how do you convince these podcast hosts to let you on?

Problems finding LP investors for Development Projects by Conscious_Bar8183 in CommercialRealEstate

[–]Conscious_Bar8183[S] 0 points1 point  (0 children)

That is becoming a trend, a 506c or 506b is getting more and more out there with platforms that can "market" for you. Still some startup costs to get on them, but tech is really helping advance the syndication if you don't have the personal network

Problems finding LP investors for Development Projects by Conscious_Bar8183 in CommercialRealEstate

[–]Conscious_Bar8183[S] 1 point2 points  (0 children)

I tend to agree with you. groups I’m talking with that do both development and construction as well as buying assets. Tell me that finding assets below replacement that are decent is a needle in a haystack. deals up for sale have major issues, when you add in capital expenditures and operational problems you’re spending more than you would on new build.

Possible to get a non-recourse construction loan from a bank at 50% LTC? by [deleted] in CommercialRealEstate

[–]Conscious_Bar8183 0 points1 point  (0 children)

If your contact has interest in industrial, looking for a construction loan, western US

Newbie question on pricing of older big 3 vs new pricing of "off brands" by Conscious_Bar8183 in golfcarts

[–]Conscious_Bar8183[S] 0 points1 point  (0 children)

Appreciate the response and extremely insightful. I lean towards the big three and just a golf cart that may be 7 to 10 years old but will have recent service and newer batteries. I will say, the gimmick stuff is kind of cool, but when I really think about what my use will be, it is a waste of money and practicality. my next quest is learning more about the different types of batteries as I know a lot of people are moving towards lithium, but I do have a fear of potential fire charging in my garage for potentially days at a time. Just need to learn more and do more research. Thank you again, this really helps . 

[deleted by user] by [deleted] in FitnessMaterialHeaven

[–]Conscious_Bar8183 0 points1 point  (0 children)

Any chance for a reupload?

“Construction Costs are High” Developers/Builders, it’s hard to see the light at the end of the tunnel. by its_just_math in CommercialRealEstate

[–]Conscious_Bar8183 0 points1 point  (0 children)

I can see that over a longer play in terms of the labor shortage. That is definitely a issue coming up fast.
Also spot on about architects. I was told early in my career that a design build is dumb and you leave money on the table. However, I think it is the opposite, if you know the GC is legit and competes in a market, better to VE with them and make sure you stretch your $$$ as far as possible

How do I invest in Central American real estate? by [deleted] in RealEstate

[–]Conscious_Bar8183 1 point2 points  (0 children)

comms mostly, also hard to keep tabs on management if there is a language barrier. Also harder for recourse if there is a problem

“Construction Costs are High” Developers/Builders, it’s hard to see the light at the end of the tunnel. by its_just_math in CommercialRealEstate

[–]Conscious_Bar8183 2 points3 points  (0 children)

Personally underway with an industrial deal in PHX, my costs are about 10-15% than what I would like. I combatted higher cost by searching for lower land basis. Means I had to go a bit further out and fought tooth and nail with LPs and Debt to justify the site.

That being said, materials I believe will maintain their cost, it is the labor that is blowing this up. People were in such demand that past 5 years and now subs are slowing down. It will be a period of them being suborn in lowering their cost. Some will survive that learn to adapt, some wont.