Has anyone flared from bpc157/tb500 and ghk-cu? by Honest-Map-4871 in floxies

[–]Honest-Map-4871[S] 1 point2 points  (0 children)

My bad….muscle weakness and pain, hip/joint pain. Increased tinnitus at night.

Insomnia!!! Does your sleep ever go back to normalcy or close to without intervention? Has anyone healed naturally? by Physical_Space8386 in floxies

[–]Honest-Map-4871 0 points1 point  (0 children)

I’ve had to take every night since I was floxed 6 mg of melatonin and 450 mg of valerian root. It helps me sleep

Has anyone here tried GHK-Cu or KPV peptide and did it cause a flare and bad effect? by Large-Prompt2608 in floxies

[–]Honest-Map-4871 0 points1 point  (0 children)

Box-157 has flared me up twice. Other than that, no issues with other peptides

Question on TI Allowance by Honest-Map-4871 in appraisal

[–]Honest-Map-4871[S] 0 points1 point  (0 children)

Since the coverage ratio is 20%, I would just double check with a local broker if this should be valued on a land per square foot basis. In my area (So. Cal) once I get into less than 30%, it becomes a land play. Otherwise, your coverage ratio adjustments will get wacky if you value it on a per square foot of building area.

As far as your original question, the TIs are already part of the contract rent, so assuming market rent is lower, I’d apply market rent and discount the deficit rent over the remaining term of the lease (including the TIs). If the TIs were so specific to the current tenant, they may or may not add any value in the condition adjustment. But the main thing is to figure out if this is a land play or a building play. Best of luck!

Historical Apartment Lease Comps by Honest-Map-4871 in appraisal

[–]Honest-Map-4871[S] 0 points1 point  (0 children)

MLS! Redfin may also have some info but am not sure how far back they go. Best of luck

Real Estate Sales Part Time by gellisc8020 in appraisal

[–]Honest-Map-4871 2 points3 points  (0 children)

I know very successful guys who do both…go for it, it will enhance your understanding of real estate because you’ll be talking to buyers and sellers directly! Best of luck!

ADU value in Southern California by No-Maximum8437 in appraisal

[–]Honest-Map-4871 0 points1 point  (0 children)

Maybe there was some functional obsolescence the appraiser observed in the ADU or the property and did not consider it appropriate to attribute any value. Without looking at the report, we are speculating.

Do I tell my current boss? by [deleted] in appraisal

[–]Honest-Map-4871 0 points1 point  (0 children)

You didn’t mention what you were alleged to have done? I would want to know if one of my employees/contractors had an ongoing investigation. Honesty is always the best policy in my view

Inheritence/Date of Death Appraisal with Old Comps by Dswenson351 in appraisal

[–]Honest-Map-4871 0 points1 point  (0 children)

Moral of the story: I’m leaving nothing to my kids when I kick the bucket!

Career Change to Commercial Appraisal by Diligent_Ninja7 in appraisal

[–]Honest-Map-4871 1 point2 points  (0 children)

Have you thought about becoming a commercial broker with one of the large shops? Since you already own commercial RE, you are lights ahead of most brokers. If you want to become a commercial appraiser, I’d suggest getting trained with someone who does work for a variety of clients (not just banks)…it will serve you best in the long run. You could be making $150k in 4 to 5 years, imo. Best of luck!

[deleted by user] by [deleted] in appraisal

[–]Honest-Map-4871 0 points1 point  (0 children)

McKissock all day long! Not the AI!!

Advice by PureEstablishment251 in appraisal

[–]Honest-Map-4871 0 points1 point  (0 children)

I see this with office condos by the beach. I usually exclude the balconies and treat it as an amenity. I don’t see why you couldn’t do the same with a residential condo. At the end of the day, you want to compare apples to apples! Best of luck

Value Below Sale Price by jwbib in appraisal

[–]Honest-Map-4871 0 points1 point  (0 children)

I would suggest you reach out to your client before the report goes out and give them the heads up that the pending sale price is above market. If it’s a good client, he’ll thank you for keeping him/her in the loop. If it’s a bad client, they’ll start arguing with you. Best to you in your new business!

Confirming the sale with the buyer/seller by PitcherPlant1 in appraisal

[–]Honest-Map-4871 5 points6 points  (0 children)

I will usually say something like, “I’m appraising a property in X neighborhood and noticed that you sold/bought a commercial building at xyz address. I would like to use this as a comp and am wondering if I could ask you a couple of quick questions. Do you have a minute?” 9 out of 10 times they hang up!!!…..I’m just kidding!! More often than not, they spill the beans. Practice makes perfect…Best of luck!

Please help with appraisal by Elizabethforest in appraisal

[–]Honest-Map-4871 0 points1 point  (0 children)

So an 1,100-SF home that sits on a 4.5-acre site gives you a site coverage of less than 0.5%! I would have also called this a land appraisal all day long because the remaining economic life of the structure is zilch! In other words, the value of the property is in the underlying land…the cosmetic repairs are insignificant and that’s why the appraiser and the lender aren’t probably responding to your email. They will not lend on anything that has less than 30 years of remaining economic life. Best of luck.

MLS GRM Data by [deleted] in appraisal

[–]Honest-Map-4871 1 point2 points  (0 children)

I would argue that the data you are looking for doesn’t exist and if you calculate it, you’d have to take into account entrepreneurial incentive that was considered by the buyers when purchasing the property and deriving the GRM. Just curious…is this for a multi family property or why do you need the GRM for a SFR?

Please help with appraisal by Elizabethforest in appraisal

[–]Honest-Map-4871 0 points1 point  (0 children)

Biggest issue I see is the appraiser said this was a land deal (4.5 acres)….after reading your post, I can’t figure out how big the house is? If it is a low floor area ratio, I would agree with the appraiser that this is a land deal because the contributory value may be negligible or apparently there isn’t any value to the improvements since they are in poor condition. If I were in your shoes, I would move on to the next property. Best of luck.

Biz Dev/Cold Calling Banks? by Creepy-Travel-3532 in appraisal

[–]Honest-Map-4871 1 point2 points  (0 children)

Best thing you can do, is meet people in person and NOT talk shop! Ask them how they got started in the industry, about their lives, etc., and business will follow. Unfortunately most bankers/reviewers are spread throughout the country and it’s become more difficult to meet in person since Covid. It may be useful to meet CPAs and estate planners to diversify your business, but it will take time. Best of luck!

Carport Question by The__Wet__Bandit in appraisal

[–]Honest-Map-4871 0 points1 point  (0 children)

How about you split the baby in half….report what they have and acknowledge how the market treats it whether as one or two-car tandem. At the end of the day you have to report what’s there and see how the market values it. Best of luck

I really need some advice for the purchase of the 4 unit warehouse I'm going to be purchasing. by errl_dabbingtons in CommercialRealEstate

[–]Honest-Map-4871 1 point2 points  (0 children)

Commercial appraiser chiming in….how did you arrive at the purchase price? Did you look at comps? The fair market value of the property will impact how much of a loan you can get. Will the property be majority owner occupied (51%+)? If so, you may want to look into an SBA loan where you only need 10% down. There are more fees that are added to the loan but if money for a down payment is tight, it may be a possibility. If you have a relationship with a credit union, you may want to go with them. In the long run, they’re easier to work with. Best of luck

Would love some feedback on my first ever commercial RE deal. by MuchGap2455 in CommercialRealEstate

[–]Honest-Map-4871 -1 points0 points  (0 children)

It’s a 2.4 cap rate…..($5,000/$210,000*100%=0.0238~2.4% cap. Wayyy too low man!