At 13:16 -- instead of dividing by 75%, you can simply multiply the "All In" number x 1.34%. Multiplication is much easier than division because I can do it mentally.
Damn dude this is great I read your book too thank you Keep this up this guy knows his stuff ... so tired of the guru real estate bs... Peter harris sounds very legit
This is just the information I was looking for. I want to invest in a property that's distressed but I am scared of loosing my money, however this makes me more confident. Thanks.
Peter, you are a great guy for sharing this info in such a clean and condensed way, cutting out the fat. Just bought both of your books today. I've finally reached the level (after years of engineering) where I will be purchasing multi-family apartment buildings (>20 units each), and your video help me fill in the holes and create software tool for doing deep analysis and forecasting viability of apartments, taking into account all four phases you laid out.
can you please make separate vidoes to explain the exit strategies in more clear and detailed way. Thank you very much for your effort and time to explain
Love these Videos Peter I’m a Mentee under a real estate developer so I’ll be snatching up plenty of these in the future . Thank you Peter for any game you offer I’ll see you in the future when I get to that level when I mater development hopefully at investfest maybe God Bless you !!!
Hello Peter , great video and presentation. Witch state are you located? Are you doing any classes or seminars? Let me know when you are free! Many blessings. Not experience in the commercial real estate, only in Residential so far. But I m really like to start in commercials. Thank you Best regards David C.
Hi Peter, I have been watching your videos for a long time and I want to jump in! I am 27 and a recent college graduate. I would like to utilize a MLA to acquire a multi-family that generates a decent cashflow. But I'm unsure how to locate a good deal and also what should my end goal be for this property? I would like to have multiple properties but just not sure how to start. Could you or someone help get me started? Thanks!
How do you determine wether the property is worth 1.8M? Would you need an appraiser present? I'm looking at purchasing a property for $300K repair for another $100,000 so ARV would be $533,000. How would I know the property could be worht the 533,000 before I make the purchase? How would this be determined? Thanks!
Peter, how do you plan your days to locate the type of distressed properties you describe? Do you go on listing sites or call agents or pay for mailing? Or, do you have attorneys or accountants that refer you?
That is something I keep close-to-the-vest and only share with my Proteges. We spend hundreds of thousands each year in marketing costs to locate off-market sellers and are always running split tests to fine tune and come up with new ways to do it. Sharing that information to the general public would saturate those techniques with competition and render them ineffective; so not only would it hurt us, but it would hurt all the viewers too.
Apply to our Protege Program here: www.commercialpropertyadvisors.com/protege-program There isn't a list of un-listed properties; that would defeat the whole purpose of the concept. Off market deals are off market. We teach our Proteges how to find off-market deals. There isn't a list of them.
Mr peter Thomas, I've found an opportunity on a distressed apartment which has all three areas of distress, physical, financial and legal. This property would be worth millions if all the issues could get resolved.
I have a commercial deal where the seller has a lien filed against the building that he paid $78k but still owe $125k the owner wants some one to buy and refinance the balance owed on the lien and the seller wants to keep ownership of the building the building is valued at $1.4 million the owner is deeply distressed is this a deal worth going after and how can it be done to make a profit and can i position myself so the owner will pay he cant pay now thats why he is in trouble now. The property use to be a store with gas station its not operating now and if owner cant find some one to buy out the lien the property will go to a auction ordered by the judge. What should i do please help. Thank you
Folks he means to say to do the deal when all in cost do not exceed 75% OF ARV 1,800,000 x 0.75 = 1,350,000 Or to put it another way 1,350,000/1,800,000 = 0.75 = 75% All in cost 1,350,000 75% MORE than that would be 1,350,000 x 1.75 = 2,362,500.....
