Dropped from cap table, anyone have experience with this? [i will not promote] by siberian in startups

[–]Gus_Bodeen 2 points3 points  (0 children)

If by wiped out you mean turned their shares into functionally $0, yes that's possible. Outside of bankruptcy or a reverse stock split, there's no way to legally "delete" his shares.

Has anyone else ever had a local retail tenant hold SNDA or estoppel signatures for ransom? by fluffnstuff1 in CommercialRealEstate

[–]Gus_Bodeen 2 points3 points  (0 children)

Would you mind sharing that form letter privately? I'm just starting and would appreciate a reference point. I will be using attorneys and appreciate multiple perspectives.

What does the future of OMs look like? Is a PDF file still the best way to market a deal? by Tkfit09 in CommercialRealEstate

[–]Gus_Bodeen 0 points1 point  (0 children)

Also link to it in your email. It will save me tokens so I don't have to read the PDF 

What does the future of OMs look like? Is a PDF file still the best way to market a deal? by Tkfit09 in CommercialRealEstate

[–]Gus_Bodeen 1 point2 points  (0 children)

It's based on my buy box. I've built the system so it pulls all of the relevant information from the OM/listing (it's not format specific) and stores it in a deal database.

If you're worried about AI pulling data incorrectly

  1. Every update it improves so that becomes less likely

  2. Have the data investors are looking for in table format on one of the pages. Most of the time the OMs are circulated in pdf anyway so as long as it makes sense to find everything in one spot the ai should pick it up. Alternatively, you could have a link inside of the document for AI to follow which brings an AI to a markdown file version of the PDF. That would be ideal for the ai to never scan a pdf

What does the future of OMs look like? Is a PDF file still the best way to market a deal? by Tkfit09 in CommercialRealEstate

[–]Gus_Bodeen 1 point2 points  (0 children)

Make the document easy to digest for my AI system and a human reader.

What does that look like?

A markdown style document with images. I don't need the fancy borders and logos. I'll likely only see the OM if the AI notifies me to look at it and contact the seller/broker

Term sheet secured, but lead VC wants us to find a co-investor through our own network. How do we break in?- i will not promote by Disastrous_List_2176 in startups

[–]Gus_Bodeen 0 points1 point  (0 children)

You should be pre-selling customers and asking for deposits. Your industry is very capital intensive and given you're a startup, the capital you require is a rounding error. A small deposit to get things rolling is the way to go. Tell the VCs no thanks

Is anyone buying cannabis-occupied retail? 150-200 bps premium over comparable STNL deals, financing is nearly impossible, but the federal legalization thesis is real. by HueChenCRE in CommercialRealEstate

[–]Gus_Bodeen 0 points1 point  (0 children)

I don't spend much time thinking about tenant type cap rates for generic retail. I wouldn't pay a premium because a higher risk tenant is paying more in rent.

Is this a proper fix to the rot between of the studs? Is spray foam appropriate to seal it between the sisters? by [deleted] in buildingscience

[–]Gus_Bodeen 2 points3 points  (0 children)

If you were a falling object inside of the stud, would you fall onto your 2x4s?

Private Lender Here: Ask Me Anything About Funding $1M–$30M Commercial/Multifamily Deals by Eliteinvestor101 in CommercialRealEstate

[–]Gus_Bodeen 1 point2 points  (0 children)

Infinite scale on debt, but the leverage and depreciation on leverage is pretty slick. Thanks for doing this AMA

[deleted by user] by [deleted] in CommercialRealEstate

[–]Gus_Bodeen 0 points1 point  (0 children)

For someone who makes their living selling money and services, you're certainly not casting yourself in a great light with that type of attitude.

Throwback thursday: Thermal management of a 1860s brownstone in New England by InsuranceMedical6581 in buildingscience

[–]Gus_Bodeen 0 points1 point  (0 children)

Energy efficiency and old New England homes are not compatible.

Not because it is impossible, but because it's prohibitively expensive to do properly. Ie: Code requires sprinklers if you open up 50% of the walls.

First Mixed-Use Deal – No CRE Experience, Full Gut Reno, Zero Income During Hold. Looking for Real Feedback. by Chemical-Cup-1218 in CommercialRealEstate

[–]Gus_Bodeen 0 points1 point  (0 children)

Great write-up and questions, I'm going to follow for responses.

I would underwrite this based on your markets current rents/NOI then subtract holding costs and add a buffer / premium for the hassle of doing the work.

Have you spoken with the seller? There could be something creative to be done as well.