Author Topic: Real Estate Business  (Read 25383 times)

Offline jackofall

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Offline thaber

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Re: Real Estate Business
« Reply #81 on: July 18, 2017, 12:22:18 AM »
What about GAAP?
GAAP is for accountants :)

Offline churnbabychurn

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Re: Real Estate Business
« Reply #82 on: July 18, 2017, 12:27:20 AM »
Sounds fun. Good luck.
How many different depreciation buckets are there?
I just know that it's infinitly easier to be the auditor "testing" the numbers, than the accountant actually creating them..

Offline jackofall

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Re: Real Estate Business
« Reply #83 on: July 18, 2017, 12:38:49 AM »
I just know that it's infinitly easier to be the auditor "testing" the numbers, than the accountant actually creating them..
Actually I am on the private side. Although many of my loan convenants require GAAP financials. I have submitted tens and tens of financial reports and all they ever cared about was operating statements and capital activity. So I guess I am a little lucky.
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Offline churnbabychurn

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Re: Real Estate Business
« Reply #84 on: July 18, 2017, 08:30:59 AM »
Actually I am on the private side. Although many of my loan convenants require GAAP financials. I have submitted tens and tens of financial reports and all they ever cared about was operating statements and capital activity. So I guess I am a little lucky.
So non of the loan convenants require audited financials.. I would assume that larger deals would require them though. no?

Offline jackofall

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Re: Real Estate Business
« Reply #85 on: July 18, 2017, 09:48:59 AM »
So non of the loan convenants require audited financials.. I would assume that larger deals would require them though. no?
Surprisingly not (in my experience).  obviously "larger" is subjective.
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Offline churnbabychurn

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Re: Real Estate Business
« Reply #86 on: July 18, 2017, 10:29:29 AM »
Surprisingly not (in my experience).  obviously "larger" is subjective.
Interesting. Larger is subjective... Just curious, what's the largest size that you've seen a bank not require audited?

Offline mendy from lakewood

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Re: Real Estate Business
« Reply #87 on: July 18, 2017, 10:35:55 AM »
if anyone needs management in burlington county (pemberton township, NJ) PM me. perfect for an investor with a couple properties in that area...
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Online joeberg

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Re: Real Estate Business
« Reply #88 on: July 18, 2017, 10:47:07 AM »
PM sent

Offline jackofall

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Re: Real Estate Business
« Reply #89 on: July 18, 2017, 02:18:27 PM »
Interesting. Larger is subjective... Just curious, what's the largest size that you've seen a bank not require audited?
35MM loan
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Offline churnbabychurn

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Re: Real Estate Business
« Reply #90 on: July 18, 2017, 02:41:51 PM »
35MM loan
I hear, can't imagine anything over 50mm getting away with no audit..

Offline jackofall

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Re: Real Estate Business
« Reply #91 on: July 18, 2017, 03:07:09 PM »
I hear, can't imagine anything over 50mm getting away with no audit..
Will let you now when I get there!
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Offline churnbabychurn

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Re: Real Estate Business
« Reply #92 on: July 18, 2017, 03:20:14 PM »
Will let you now when I get there!

Offline Ysturmwind

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Re: Real Estate Business
« Reply #93 on: July 18, 2017, 05:47:20 PM »
I arrange equity capital for all types of real estate deals nationwide with check sizes ranging anywhere from $5-75M. Feel free to reach out to me if you have any equity needs.

Offline Zalc

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Re: Real Estate Business
« Reply #94 on: August 17, 2017, 10:17:05 PM »
What do most of you use for Internet Service in buildings?

I'm referring for service to monitor Cameras, boilers and the like.
Not for tenants or WiFi etc.

Getting a Business line costs about 4x the price of what the tenant would pay...

Offline hvaces42

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Re: Real Estate Business
« Reply #95 on: August 17, 2017, 11:21:20 PM »
Can someone explain to me why every shmo I know in "RE" says bring me 5% CAP deals and I'll close in no time and you bring them 6% CAP deals and they look for excuses and reasons not to close. I know people are full of it. But the amount of "it" I've recently run into is astounding. What ever happened to keeping your word and doing a deal on the terms you said you would.
End rant...
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Offline thaber

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Re: Real Estate Business
« Reply #96 on: August 18, 2017, 02:08:21 AM »
What do most of you use for Internet Service in buildings?

I'm referring for service to monitor Cameras, boilers and the like.
Not for tenants or WiFi etc.

Getting a Business line costs about 4x the price of what the tenant would pay...
cable internet in the manager's apartment. If no onsite, then any willing tenant, they get free internet for the minuscule inconvenience of running a wire from the dvr into their router.

Offline popcorn1508

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Re: Real Estate Business
« Reply #97 on: August 18, 2017, 02:53:56 AM »
Can someone explain to me why every shmo I know in "RE" says bring me 5% CAP deals and I'll close in no time and you bring them 6% CAP deals and they look for excuses and reasons not to close. I know people are full of it. But the amount of "it" I've recently run into is astounding. What ever happened to keeping your word and doing a deal on the terms you said you would.
End rant...
Isn't 5% considered low?

Offline mendy from lakewood

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Re: Real Estate Business
« Reply #98 on: August 18, 2017, 07:06:43 AM »
Isn't 5% considered low?
done mix up 5 cap and 5% and no in some neighborhoods a 5 cap is what everyone is gettting now
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Offline Am

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Re: Real Estate Business
« Reply #99 on: August 22, 2017, 11:18:16 PM »
Isn't 5% considered low?
Yes. That's exactly his point. Guys are saying that they can close even on properties with low returns, but then don't live up to their talk.