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Great content Peter. Thanks so much for sharing. Rare you hear Commercial RE investors talking about the details of their deal acquisition. Thanks again.
I just wanted to say I personally find your videos very insightful & have helped me realize what I really wanna do in life. Thank you for sharing commercial real estate information on RU-vid!
Hi Peter, Can you do a video on high cap rate properties (12+%). It seems like despite there being the potential downsides of a class C property, if the property has good bones and things are fixed that need to be fixed, there is a lot of cash flow that can be produced. Thanks, great video.
Mr. Harris, Would you be open to the idea of a video discussing LLC's,,,when and where they're advantageous and when they may not be? Great video and very informative as always! Thank you! Bill
No need for a video to answer that question. They are always advantageous for taking title to real property. And you should own each property in a different LLC.
Mr. Peter Harris I'm So Very Grateful And Thankful For God Blessing You Into My Life To Coach And Mentor Me To Accomplish My Why Purpose And Vision God bless.
this is one of the best deals i ve ever heard lol,, i wish i can find deals like these,, it s all about that huge down payment that the majority of people do not have lol,, 150k to 200k down wouufffff loool,,
Would you be able to make a video showing how he got the cash back with the refinance? I cant wrap my mind around that. Thank you for all your videos. I hope to be a student of yours one day.
Peter, Would your student mind you sharing additional details regarding the cash flow on this property? Using the numbers that were provided in the video and filling in the gaps with some assumptions I came up with a current NOI of around $75,000 per year. After more estimates on the size/amount of the mortgage after the refinance I came up with a bottom line, yearly cash to owner amount of between $10,000-$11,000 per year. Is this in the ball-park? It would be interesting to be able to see the actuals, post rehab, and completion of the cash-out refinancing. Regards, Troy
Hi Peter, I really enjoyed this video. I am curious what your student meant when he said that he had to move this new commercial real estate deal out of his LLC and this ended up costing a lot of money. Would you mind expounding why this was and what type of structuring did he put this new property? Thanks!
He made a mistake in originally buying the property in an existing LLC that already owned another property. He shouldn't have done that to begin with. He learned an expensive lesson. He had to move it into a new LLC.
Thank you......So I'm in the process of applying for a personal line of credit from my bank. The Customer Service Rep asked me what would I use the line of credit for. I said: Real Estate, my business, or education. The Rep on the phone told me the Bank would turn me down for all of those reasons and she would let me know what the Bank's prefers. Can you tell me what reason the bank would consider valid for giving someone personal line of credit?
I did. She wouldn't tell me. The phone conversation was being recorded as well. I probably need to network with a banker off-line. I'm sure someone at CPA can assist...........
