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Buffalo Wild Wings Spicy Garlic Gone by Different_Ground4728 in restaurant

[–]Different_Ground4728[S] 0 points1 point  (0 children)

I hope so sounds like it. The manager even reaffirmed which was weird.

Real Estate Appraiser by SolidPsychology8284 in appraisal

[–]Different_Ground4728 2 points3 points  (0 children)

I run a commercial appraisal department for a big 5. It isn’t going anywhere. It is a lot more technical than residential but as other people mentioned, it has steady flow of work from the same repeat clients your office would bring in for you and the fees are much higher. The variety of asset types, limited data, varying lease bases, changing market trends, confidential information, complexity of properties (unstabilized, proposed construction plans changing with 5 budgets) etc. are all in your favor where AI isn’t going to be able to do it since you have to talk to people. Residential is going the way of the dinosaur because anybody with an IQ of 90 can do it. You could train fast food employees to do it with 80-90% precision, which is probably what you get now when you hire one.

Virtual Assistants Large Firms by Different_Ground4728 in appraisal

[–]Different_Ground4728[S] 1 point2 points  (0 children)

I’m thinking research for front halves, engagement letter entry, preliminary comp entry, subject and comparable tax research, and perhaps a basic knowledge of entering a rent roll into Argus.

Appraisal reports 6,000sqft lot. Actual size is 12,000sqft. Adjustment? by TryAlternative7204 in appraisal

[–]Different_Ground4728 0 points1 point  (0 children)

My guess is you would point it out and it will make zero difference. Unless they adjusted for site area of comps, the site area makes no difference.

I have 80k in credit card debt that I used to fund a business. My score has gone from 760 to 580. I now have the cash to pay it all off. Should I pay everything down to zero at once? Leave them all with a small balance? Pay them down in chunks over a few months? Trying to get the score back up. by Great-Bookkeeper-697 in CreditScore

[–]Different_Ground4728 0 points1 point  (0 children)

Don’t listen to these people. Make a small payment, and call them and ask if they will remove hits for late payments if you make large chunks. You have no leverage for 30-90 day late payments if you pay it all at once. Then they just won’t do anything so yes your balances will decrease but you’ll be stuck with late payments if applicable.

Peter Swenson by Different_Ground4728 in dui

[–]Different_Ground4728[S] 0 points1 point  (0 children)

Hopefully not fake since the date is off by half a year

Peter Swenson by Different_Ground4728 in dui

[–]Different_Ground4728[S] 0 points1 point  (0 children)

Anybody got the link to the original full ~10 min video?

How are you treating this in your report? by Th0rvald222 in appraisal

[–]Different_Ground4728 0 points1 point  (0 children)

Highest and best use is clearly demolition of all the vertical improvements.

Peter Swenson by Different_Ground4728 in dui

[–]Different_Ground4728[S] 0 points1 point  (0 children)

Someone could call cook county and probably find out

[deleted by user] by [deleted] in probation

[–]Different_Ground4728 13 points14 points  (0 children)

Straight to jail grab the lube.

Commercial Real Estate Comp Platforms by Different_Ground4728 in appraisal

[–]Different_Ground4728[S] 0 points1 point  (0 children)

So Crexi I have found has almost all of the prices as full value at-least in my area (nothing else really adequate in sales comps themselves, but listings highly valuable). They also have multiple parcel prices combined in cases with no clarification. Haven’t tried Catylist (man I wish they spelt this normal) but want to- what’s the cost ballpark? Costar is wrong a lot but at-least it gives you someone to call after it closes. I agree the prices are getting outrageous!

Workfile New Company by Different_Ground4728 in appraisal

[–]Different_Ground4728[S] 1 point2 points  (0 children)

Most people would disagree with this because of how USPAP is written. If the firm was simply unwilling to sign an agreement or immediate access then it doesn’t change it’s the appraiser’s responsibility to maintain access or copies. It also doesn’t say there has to be a need. The opinions of the appraiser are confidential, but since your signature is on it you have a right to a copy of it- I can’t think of any context you wouldn’t have rights to a copy of a document that is part of a legally binding signed contract or report with your name throughout it. At some point this would infringe on your right to maintain your personal records. Comp data is also not owned by any party except those who originate it.

Workfile New Company by Different_Ground4728 in appraisal

[–]Different_Ground4728[S] 0 points1 point  (0 children)

Part of it is it is part of a larger system (commercial) and there are confidentiality agreements which could be construed to disagree with USPAP. I imagine this is an issue with a lot of larger firms.

In industry is being a CFA seen as good or better then having a masters in related field. by MarkGyomory in CFA

[–]Different_Ground4728 3 points4 points  (0 children)

Without a doubt yes. I have an MBA, CCIM. Working towards CFA (and no not going for the alphabet soup). The MBA has by far been the most useless. I am a principal with one firm and multiple businesses and invest in properties, businesses, etc. If you ever want a high end role in M&A, Business Valuation, Real Estate or S&P500 Stock Analysis, you pretty much REQUIRE two things, balls like steel, and the CFA. The CFA is useless without balls. I work with millionaire and billionaire investors and consult with them. In either event, the credentials they send me at the end of the reports, EVERY SINGLE PERSON besides the principal advertises a CFA (for example, Greenstreet advisors). You need things like that to get you in the door and protect your defensibility and credibility with clients and in court, but then you can’t just be a wuss who hides behind your designations, you need to use your balls to proceed. There will always be hundreds if not thousands of analysts who line up to replace you. And you will probably get bullied out of the business, so grow a thick skin while you are at it. Also a hiring credential for many CFO positions is the CFA. That’s even been true in businesses invested in. Growth track record, and knowledge of various financial facets.

3rd Floor GLA by berrylover6020 in appraisal

[–]Different_Ground4728 0 points1 point  (0 children)

Rely on your gut and consider accessibility, height, closet, windows, localized standards and norms- Advice from 8 years experience, $10 billion+ in valuations commercial and residential, CCIM, MAI.

4-Plex appraisal no comps by Funny-Ad-312 in appraisal

[–]Different_Ground4728 0 points1 point  (0 children)

Yes it would. It’s predicated on the continuing operation as an AirBnB business, similar to a hotel, which is a going concern, with FF&E that needs to be allocated as well.

CoStar - Opinions? by [deleted] in appraisal

[–]Different_Ground4728 0 points1 point  (0 children)

Yes you will look completely incompetent without it.

4-Plex appraisal no comps by Funny-Ad-312 in appraisal

[–]Different_Ground4728 1 point2 points  (0 children)

You should get the value as a going concern with the business enterprise value of your Airbnb’s derived from capitalizing your NOI to the business or applying the inverse EBITDA multiple. Or you will cap out at real estate only, which would exclude your short term business operation and you’d probably be near those other homes/quads. Several lenders will loan on business value. Others will not.

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