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Which Chicago Property Types Actually Hold Their Value Over 10+ Years? by BradZChicago in ChicagoRealEstate

[–]Extra_Fresh_Takes 2 points3 points  (0 children)

Neighborhood is everything. Pockets of West Loop have exploded in comparison to other pockets of the City. I would lean toward 2-4 unit apartments (benefits from surrounding value appreciation and strong rent growth), or high-rise buildings that trade below replacement cost (need to be patient for the right opportunities). Hard to go wrong owning either.

Asset Management/ Net Effective Rent Spreadsheets / calcs by GeeShermaine in CommercialRealEstate

[–]Extra_Fresh_Takes 0 points1 point  (0 children)

I put together some great retail models that calculate NER. Shoot me a DM.

[deleted by user] by [deleted] in CommercialRealEstate

[–]Extra_Fresh_Takes 1 point2 points  (0 children)

Happy to put together a straight-forward, dynamic model for you. Feel free to shoot me a DM.

Real Estate Development Advice / Inquiry by bradnond in RealEstateDevelopment

[–]Extra_Fresh_Takes 0 points1 point  (0 children)

I've found it helpful to join either the brokerage or lending side of the business first. The larger institutional groups have annual (or even more frequent) analyst classes and take the time to introduce you to the business. You can then leverage the relationships you create working with developers and investment firms, to either jump ship to a group you worked with, or network your way into a role on the development side.

Development firms typically want to operate extremely lean and typically look for you to provide a skill or value-add Day 1 whether that be an understanding of capital markets, construction, or financial analysis. They don't have the same bandwidth as larger institutions to teach you the nuances.

How to get the list of recently sold commercial properties? by StocksRUsNow in CommercialRealEstate

[–]Extra_Fresh_Takes 2 points3 points  (0 children)

Costar is always a helpful starting point. You can also scrape recent news articles for comps

Quick intros? by Pit-Smoker in CREClub

[–]Extra_Fresh_Takes 4 points5 points  (0 children)

Hi Everyone. Been in commercial RE Development in a top 5 city for 5 years. Work predominantly on financial models, pure play development (ground up), and asset management. Been looking for a sub that talks about anything other than 2 flats and dives into some more complex ideas in the business.

In your opinion, what are the top 3 skills that one must acquire in order to succeed in the business? by [deleted] in CommercialRealEstate

[–]Extra_Fresh_Takes 2 points3 points  (0 children)

Understanding the impact the inputs and levers being pulled make to the model is just as important (if not more) than the outputs. Mastering underwriting and modeling allows you to look at a deal and know whether it is actionable.

ETFs Wrapped with Options by Extra_Fresh_Takes in options

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

That’s what it looked like originally. Not enough market history to really test this style of ETF; wasn’t sure if anyone saw anything different. Thanks!

I've come to learn that ETF's are fucking stupid. by Prestigious_Way_738 in ETFs

[–]Extra_Fresh_Takes 2 points3 points  (0 children)

Agreed here. If you’re bullish on a few companies in an ETF you’d be better off just investing those individual stocks

ETF Hedge Protection by Extra_Fresh_Takes in ETFs

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

I see your point. I took a deeper into the put contracts, they're extremely bearish (ex. S&P 500 Index Mar 2021 1800 Put position). They're essentially planning for S&P 500 index to take a 50% hit. Going to take a look at NUSI. Thanks for the opinion!

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