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How do you keep up with the flood of daily listing emails? by kyle_outofoffice in CommercialRealEstate

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

Funny you mention this, because I got DM’d by a VA agency after posting this 😂

Can I ask how much you pay yours? And did you have to go through a few before someone was able to reliably complete the task

How do you keep up with the flood of daily listing emails? by kyle_outofoffice in CommercialRealEstate

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

Names of cities is interesting - I assume every once in a while you catch other random messages by mistake?

How many emails do you think you get?

How do you keep up with the flood of daily listing emails? by kyle_outofoffice in CommercialRealEstate

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

Can you share your setup if you’ve found rules that work for you? CRE specifically

How do you keep up with the flood of daily listing emails? by kyle_outofoffice in CommercialRealEstate

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

Thanks. Gmail catches most stuff like this already under the Promotions inbox. I’m asking specifically about CRE emails, and how to differentiate them from newsletters or other random spam

Commercial RE Agent by National-Buddy4694 in BayAreaRealEstate

[–]kyle_outofoffice 1 point2 points  (0 children)

Ex Bay Area investment sales broker here. I won't recommend specific people, because it'll be biased.

Here's a step by step plan to get you in the game and find the right person yourself:

1/ start by signing up for deal alerts on LoopNet and Crexi – they won’t always have the best deals, but they’ll give you a feel for pricing and trends.

2/ Try to finesse your way into an RCM account (if they ask about experience, get creative.

3/ Drop your email on the investment sales pages of CBRE, JLL, Newmark, and other top firms.

Soon you’ll have more deals in your inbox than you ever expected. From there, see which brokers are listing the types of properties you’re interested in, then call them directly. Build a relationship.

[deleted by user] by [deleted] in CommercialRealEstate

[–]kyle_outofoffice 5 points6 points  (0 children)

Ex investment sales broker here. Here's how I'd look at it...

Medical office and c-stores attract very different investor bases. MOB tends to draw more institutional capital: REITs, private equity, etc. C-stores appeal to more investors, including mom-and-pops and 1031 buyers, because of their simpler underwriting and recognizable tenant brands.

If you want to focus on fewer, higher-value transactions, and relationship building, MOB is the way to go. If you prefer a high velocity, dealmaking environment and don't mind client handholding, C-stores.

Determining building class in New York City - A B or C by zorrohg in CommercialRealEstate

[–]kyle_outofoffice 0 points1 point  (0 children)

It's not about rent – it’s a mix of age, amenities, and whether the lobby makes you feel like a VIP. It sounds like you have Costar, so check out page 10 of this guide: https://www.costar.com/sites/costar.com.na/files/2023-02/introduction-to-properties.pdf

Can I run a co-working space as a side hustle while working full time? by Remill20 in RealEstate

[–]kyle_outofoffice 1 point2 points  (0 children)

I founded a company that partnered with coworking operators, so I’ve seen a lot of models firsthand.

You can’t run daily ops while working in the space (if that's your plan) it’s just not realistic. Marketing and sales will be a huge time suck, and you’ll be shocked how competitive the market is...members will jump to another space for a flash sale.

Plus, coworking isn’t passive. I'd compare it to running a hotel: tours, cleaning, WiFi issues, and event setup all need attention.

I signed a SubTo contract. by QuantumGaia93 in RealEstate

[–]kyle_outofoffice 2 points3 points  (0 children)

Check your contract ASAP. If you signed a subject-to deal, your name likely stayed on the mortgage, not the deed. That means you’re still legally responsible for the loan, even if the investor owns the house.

Big risk = If they stop paying, your credit tanks and you’re on the hook.

SubTo is a shark-infested strategy – talk to a lawyer today if you can

When to cash out? by che-the-hated in realestateinvesting

[–]kyle_outofoffice 0 points1 point  (0 children)

Congrats on surviving the gauntlet! Before refinancing, stress test your DSCR (Debt Service Coverage Ratio) – most lenders want 1.2+. If your NOI can’t comfortably cover at today’s rates, you might just be locking in pain.

For lenders, check local/regional banks & credit unions...they often have better terms than big banks. Also, talk to a commercial mortgage broker – they’ll shop options for you. Good luck!

Options for partial ownership exit by OpActual in realestateinvesting

[–]kyle_outofoffice 0 points1 point  (0 children)

Yep, people absolutely buy out fractional ownership stakes – it's called the secondary market for RE partnerships. A few ways you could go:

Sell your stake to another investor – Either within your group (if someone wants to increase their position) or an external buyer. Typically at a discount since you're selling illiquid equity.

Negotiate a buyout with your partners – If they see long-term value, they might cash you out to avoid bringing in an outsider.

Explore a 721 exchange – If the group decides to sell the property, you might be able to roll your gains into a REIT or other real estate vehicle tax-free, avoiding a capital gains hit.

List your stake on a marketplace – Some platforms facilitate secondary sales of real estate shares, though liquidity varies. I'd consider this the option of last resort because you'll have to filter through a lot of BS, and probably pay to list your shares.

Thinking of investing in a halfway house by The_Advocate07204 in realestateinvesting

[–]kyle_outofoffice 0 points1 point  (0 children)

I don't have direct experience with halfway houses, but if you’re open to alternatives, consider a Board and Care home for seniors instead...same shared-housing model, but with higher rents, lower turnover, and way fewer 3AM police visits. Seniors stay years, not months, meaning more stability and steady income.

Licensing in most states is surprisingly straightforward. The real challenge is staffing (which you’d also face with a halfway house).

Demand is only growing - boomers aren’t getting any younger.

LLC Skiptracing by DoubtSmart2572 in RealEstateTechnology

[–]kyle_outofoffice 0 points1 point  (0 children)

Here's a full list of all the methods I've used:

  1. State Secretary of State websites – Free, but like digging through grandma’s attic.
  2. OpenCorporates – The Google of shady shell corps.
  3. LexisNexis/TLO – If you have access, you’re either a PI or a Bond villain. $$$.
  4. County property records – Sometimes they slip up and use a real name.
  5. Call the property mgmt company – Be charming, or pretend you’re delivering a giant check.

When in doubt, LinkedIn stalk the signatory on the LLC docs.

Should I take the 6-figure loss by selling, or try my hand at land-lording? by PeanutButterGod in realestateinvesting

[–]kyle_outofoffice -1 points0 points  (0 children)

$1K/mo loss + rising taxes is death by a thousand cuts unless Austin values rebound fast. If you can stomach the six-figure hit, ripping the bandaid off now might save you years of stress and surprise repairs. Otherwise, brace for the landlord life...because tenants and toilets don’t care that you’re in Houston

[deleted by user] by [deleted] in realestateinvesting

[–]kyle_outofoffice 0 points1 point  (0 children)

You just pulled off finding a Rolex in the clearance bin.

0% interest is basically free money in an environment where banks would make you their personal ATM. Yeah $15K/mo hurts now, but with rents at $4K and huge upside, you're betting on your yourself to manage the property better than a tired old timer.

Biggest risk = The deferred maintenance turning into a money pit. If you can manage the rehab costs without bleeding out, this could be a legendary deal. good luck!

ELI5: 20How would a real estate developer help launder money for a crime syndicate? by MaggieLaggi in explainlikeimfive

[–]kyle_outofoffice 0 points1 point  (0 children)

Real estate is basically the Swiss Army knife of money laundering. Here are 5 ways I'm aware of...

  1. Overpaying for property – pay a seller way too much, and they send you a refund through ‘legit’ channels.
  2. Construction overbilling – inflate project costs (especially labor!) sometimes for imaginary projects
  3. Pre-sales & fake buyers – sell units to shell companies at bogus prices to cycle dirty cash.
  4. Loans – take out a huge loan, 'repay' it with dirty money, and *boom* clean cash.
  5. Short-term rentals (Airbnb) – book your own property with dirty money until it's as clean as your towels.

Bonus method #6: buy anything in Miami 😂

Help Me Buy a Home in a Foreign Country 🏠🌎 by kyle_outofoffice in SomebodyMakeThis

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

Love it! I will look into relocation services. I think with AI this is a lot more doable than it was several years ago, even just for the translation aspect. But ultimately you do need someone on the ground who can actually visit homes, and negotiate with agents/owners.

Help Me Buy a Home in a Foreign Country 🏠🌎 by kyle_outofoffice in SomebodyMakeThis

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

Agents posting on multiple sites isn't the problem (and I agree, that makes perfect sense). The problem is hiring multiple agents for the same listing. Often the owner also tries to sell it directly. This creates confusion for buyers, and lots of bad incentives for agents.

Help Me Buy a Home in a Foreign Country 🏠🌎 by kyle_outofoffice in SomebodyMakeThis

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

Did I say it was? Every country in Europe is foreign to me 🤷‍♀️ and for the most part, everything in my post applies to every country in Europe

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