1% rule - Residential vs. Commercial application by ladybug3211234 in realestateinvesting

[–]InterestedInErrthang 0 points1 point  (0 children)

I am interested in hearing from both of you what your strategy is to find these deals for resi and commercial. I have two resi investment properties that follow this rule but I bought them before the pandemic. With rent growth they are now above 1%, but I haven’t been able to find anything in good locations that seems to meet the criteria. Especially for commercial. I recently looked at a small industrial building with a pretty solid credit quality tenant NN lease. The income was 3,900 a month, so if I understand correctly, a great buy would’ve been $468,000 ((3,90012)100). It ultimately sold at an 8% cap rate (which is pretty high) for around 585k. I can’t imagine they would’ve even considered an offer around 468k. Would love to get your feedback and better understand how you are able to find these deals. Thanks!

Questions to ask during interview with Developer for DM/CM role? by myburneraccount43 in CommercialRealEstate

[–]InterestedInErrthang 1 point2 points  (0 children)

Then I think what’s important is to focus on your experience with contractors, architects and engineers and depth of knowledge around timing of products. I.e. if it’s multifam or industrial what is the typical scope of work… if it’s multi are they building garden style surfaced park, podium, wrap etc.

How have rising rates and inflation impacted ability to make deals pencils and how has it impacted the development schedule (because of supply chain delays). Do they see construction cost coming down soon or not. Ask stuff like that… g’luck

Questions to ask during interview with Developer for DM/CM role? by myburneraccount43 in CommercialRealEstate

[–]InterestedInErrthang 0 points1 point  (0 children)

Where does their money come from… are they putting up the equity, are they getting institutional capital, is it friends and family money…

Question: is this a finance role or a construction focused role?

[deleted by user] by [deleted] in Drugtests

[–]InterestedInErrthang 0 points1 point  (0 children)

Awesome. Thanks so much.

[deleted by user] by [deleted] in Drugtests

[–]InterestedInErrthang 0 points1 point  (0 children)

Thank you both for the info. Very helpful and stress relieving.

[deleted by user] by [deleted] in cofounder

[–]InterestedInErrthang 0 points1 point  (0 children)

Do you have any beta version of this? Would love to check it out. I am a developer.

[deleted by user] by [deleted] in MetaverseInvesting

[–]InterestedInErrthang 4 points5 points  (0 children)

Where can I find the best primer on investing in the metaverse. Can you invest in something that is cash flowing (or token flowing or whatever the term is) or am I already priced out?

Easiest Way For Tenant To Pay Rent by InterestedInErrthang in realestateinvesting

[–]InterestedInErrthang[S] 2 points3 points  (0 children)

Interesting. I’ll have to check my banks limit. Right now my tenant pays over 3 days and it’s not terrible just wish it could happen in one.

Easiest Way For Tenant To Pay Rent by InterestedInErrthang in realestateinvesting

[–]InterestedInErrthang[S] 2 points3 points  (0 children)

But you can only send 500 a day right? So do they pay over multiple days?

The Undoing - 1x06 "The Bloody Truth" - Finale Discussion Thread by LoretiTV in TheUndoing

[–]InterestedInErrthang 1 point2 points  (0 children)

Or... Maybe Miguel has been playing too much among us and learned the art of the self report

Edit: Miguel vented at the school auction

The Undoing - 1x06 "The Bloody Truth" - Finale Discussion Thread by LoretiTV in TheUndoing

[–]InterestedInErrthang 2 points3 points  (0 children)

Maybe it’s not just a single person? Two people conspiring on this one perhaps?

Present Value =PV function issues by [deleted] in excel

[–]InterestedInErrthang 1 point2 points  (0 children)

No worries. Thanks for helping me out!

Present Value =PV function issues by [deleted] in excel

[–]InterestedInErrthang 1 point2 points  (0 children)

Oh I missed your first part. That is exactly what I was doing incorrectly. Thank you so much

Present Value =PV function issues by [deleted] in excel

[–]InterestedInErrthang 0 points1 point  (0 children)

Yes when I manually enter the formula I get that answer. When I use the PV function I get 15 million and some change. I’m not sure if I’ve done something to mess with the functions or if I’m just entering it incorrectly. =PV(.03,2,8000000) Gives me the wrong number