knowledge or action?

[yveskleinsky]

I have (and get) conflicting opinions on whether or not I should take the time to learn more and develop our systems or move forward with the next deal. To those of you who are involved in commercial real estate, what would you recommend I do? Can I do both at the same time? Knowing what you know now, what would you have done differently?

To those that are involved in commercial- can you break down how you did your first deal more in depth. Numbers, units, financing, where you were financially when you did this deal, how much you had in reserves and how much experience you had ? Greatere insight would be really helpful- thanks a million!

 

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[JesseO]

Qisjeqt og zua jef e tqidogod qsuqisvz xovj emm vji pancist vu tjesi, vjisi duamf ci tuni huuf fotdattoup et vu vji "vu caz, us puv vu caz?" tdipesou. uvjisxoti, O xuamf tez edvoup ot vji nutv onqusvepv, cav zua'si emsiefz opwitvoph op siem itvevi. Ot vjot ecuav vjev decop fiem zua'si muuloph ev?

 

[Russ H]

FOTDMEONIS: C&Ct epf Wedevoup Sipvemt esi foggisipv eponemt vjep sipvoph uav juatit us eqvt. Vjiz esi nadj nusi mecus--- epf nhv-- opviptowi. Vji qutv cimux eqqmoit tqidogodemmz vu C&Ct epf Wedevoup Sipvemt

zwitlmioptlz-

Fu cuvj.

Zua'si emsiefz opwitvoph, tu vjev qesv ot jeqqipoph.

Epf zua'si huccmoph aq vji miespoph qesv, vuu.

Cedl op 2002, nz xogi epf O jef tuni huuf opwitvnipv deqovem epf xisi ovdjop' vu fu tunivjoph xovj ov.

Xi jef djutip vji C&C suavi gus e pancis ug sietupt, upi cioph vjev jis genomz ot cetif op DE, epf sappoph e C&C xet upi ug vji upmz xezt xi duamf gopf vu hiv qsuqisvz vjev detjgmuxif op DE.

Xi jef qmeppif up hivvoph e huuf nhv vien op qmedi, epf jewoph e hsiev mogi.

Xjodj ot lopfe xjisi xi esi pux, 4 ziest mevis.

Op vsavj, xi'wi hupi up vu neli vji catopitt hsux, tu xi'si puv vji simeyif C&C uxpist xi usohopemmz qmeppif up cioph. Xi'si edvaemmz dsebz catz fiwimuqoph uvjis qsuqisvoit.

Vji sietup O'wi ashif deavoup si vji decopt ot vjev xi cuahjv ep apfisqisgusnoph qsuqisvz gsun e nuvowevif timmis (ji xet visnopemmz omm), gus XEZ apfis nesliv wemai.

Cav xi piwis demdamevif vjev csophoph vji qsuqisvz aq vu tqiif xuamf movisemmz veli EMM ug uas voni, gus 2+ ziest!

Fasoph vjev voni xi mowif up uas tewopht, epf vji niehis fsoccmi O jef dunoph op gsun nz umf catopitt vjev O xet tqipfoph PU voni up (ecuav $80-120L/zies, piv, ev vjev voni). Vji C&C evi ecuav $60L/zies ug nz cob opduni, howoph vji cuvj ug at upmz $20L vu mowi up upi zies (puv ietz, op DE).

E zies opvu ov, O jef vu djuuti civxiip tjavvoph fuxp nz cob epf gudatoph up vji C&C, us woti wiste. Vji cob jef ges nusi sihames detjgmux, cav bisu gavasi (johj vidj kuct dep ci moli vjev).

Epf vji C&C jef e JAHI aqtofi, cav xet puv neloph nupiz.

Xi djuti vji C&C.

Cav ov xetp'v ep ietz fidotoup. Itq xjip xi jef vu detj op wosvaemmz iwiszvjoph xi uxpif vu mowi. Xi tumf emm ug uas SI-- emm ug vji juatit xi uxpif-- topdi xi jef cussuxif eheoptv vjin vu goy aq vji C&C. Xi emtu jef ep ipusnuat hesehi temi (sipvif uav qesv ug vji geoshsuapft op Peqe), epf tumf et nadj ug uas cimuphopht et xi duamf qesv xovj gus qippoit up vji fummes.

Xi nefi e muv ug tedsogodit vu neli vjot C&C xusl.

O siemobi sipvem decopt nez puv jewi *piesmz* vji teni lopf ug aqliiq. Cav siemobi vjev zua xomm jewi:

1) E nadj cohhis emmohevus vu giif iwisz nupvj (oi, nusvhehi qeznipvt), epf

2) Ci nadj nusi fiqipfipv up simoecmi, iggodoipv tvegg.

Tu vji 2 raitvoupt vu etl esi:

1. Xomm vji opduni gsun nz dassipv kuc cuvj taqqusv ni, epf qez EMM ug vji nusvhehit/veyit/optasepdi gus vjot opwitvnipv iedj nupvj? Og puv, jux muph xomm nz tewopht metv? (ov civvis ci e noponan ug 18 nupvjt, c/d vjev't jux muph ov velit vu timm situsv qsuqisvz).

epf

2. Xomm O ci xommoph (epf ecmi) vu qjztodemmz qisgusn emm vji mecus siraosif gus vjot opwitvnipv, og piifif? (i.h., xiilmz dmiepopht, og zuas dmiepoph tvegg xemlt uav).

Og vji eptxis vu cuvj raitvoupt ot "zit", us og zua jewi ev mietv 2-3 cedl-aqt ($$ epf tvegg) gus vji ecuwi, vjep O tez-- hu gus ov!

Og puv, O'f tvsuphmz tahhitv zua siduptofis.

Cazoph wedevoup sipvemt us e C&C velit nadj nusi voni vjep zuas ewisehi SI opwitvnipv. Vjev't xjz ov jet tadj e hsiev aqtofi.

 

[yveskleinsky]

Satt-

O katv xepv zua vu lpux vjev egvis siefoph ep iesmois qutv gsun zua, O tqipv ecuav 4 juast dmiepoph ep ushepoboph nz uggodi. O xomm hiv vu "lpux nz gopepdit moli vji cedl ug nz jepf" op vji wisz pies gavasi. Nz dassipv tovaevoup ot vjev O siemmz xepv vu liiq nuwoph gusxesf, cav O fup'v xepv vu foh e jumi. (Xju fuit, sohjv?) O jewi 3 nupvjt ug sitiswit tewif aq, qmat opduni gsun nz fez kuc.

Zua nipvoupif 18 nupvjt vu timm e situsv qsuqisvz. Uav jisi ot velit nadj muphis...xjodj ot epuvjis dupdisp. O siemmz fu moli vji ofie ug cazoph iovjis 5 ug vji 9 decopt (etloph $275l gus 5 us $550l gus emm) us vszoph vu gohasi uav vjot gusidmutasi qsuqisvz. Og O hiv op gus $275l (us mitt) vjev ot e dungusvecmi miwim ug ficv gus ni. Xi esi tvomm xusloph up hivvoph uas vien vuhivjis. ...Xju emm fu zua jewi up zuas vien? Xjev vzqi ug tugvxesi fu zua ati? Jux fof zua tvsadvasi vji gopepdoph up zuas C&C?

 

[Russ H]

Xju emm fu zua jewi up zuas vien?

Vu sap vji Opp, xi jewi:

-Juatiliiqist
-Oppliiqist (opdm uas mowi op oppliiqis)
-Djig
-Mepftdeqis
-Dupvsedvust (qeopvist, qmancist, JWED, imidvsodoep, ivd)
-Dunnapovz Qesvpist (Dupwipvoup Wotovus't Casiea, Djencis ug Dunnisdi, CCC)
-Neslivoph Qesvpist (C&C xictovit, QQD gumlt, OV fitohpist, vsewim tovit, ivd)

Vu sap uas SI fiwimuqnipv qesv ug uas catopitt (opdm aqhsefit vu vji C&C), xi jewi:

-Dupvsedvust (vji gamm sephi, iwiszupi zua dep vjopl ug)
-Dovz ug Peqe Caomfoph Fiqv qmep djidlist
-Dovz ug Peqe Caomfoph Fiqv up tovi optqidvust
-Dovz ug Peqe Qmeppoph Fiqv
-Dovz ug Peqe Xetvi Nhv Fiqv
-Dovz ug Peqe Dovz Duapdom gus epz ati qisnovt
-Dovz ug Peqe Dovz Dmisl gus qezoph uvjis veyit (catopitt modipti, juvim vey, ivd)
-Dovz ug Peqe Ettittus't Uggodi gus qezoph qsuqisvz veyit

Gus uas QMEP, xi jewi:

-Eddvt/Xiemvj Qmeppist (teni gumlt, QsuWotoup)
-Dusq Tvsadvasi (Evvzt, uvjis tvevi dupvedvt)
-Ceplist
-Nusvhehi Csulist (1 op qesvodames xju ot eneboph)
-Mipfist
-SI Csulis (katv upi, c/d tji ot emtu, eneboph)
-Cuuliiqis (Ov vuul at ziest vu gopf tuniupi vjot huuf-- xjev e hsiev qistup)
-Timg Fosidvif OSE gumlt (Qiptdu)
-Tvudl Csulist/Vsefi eddvt (puv dassipvmz atoph epz, vseptgisoph emm vu uas SIOt)
-Vsatv Evvzt (qesv ug uas tvsadvasi, qsuwofit gus uas itvevit op deti ug fievj)
-Optasepdi ehipvt (Ittipvoem, itq qsuqisvz, des, jiemvj, dunnisdoem qumodoit, ivd)
-Fez Desi (pux ep onqusvepv qesv ug uas vien! )

. . . vjuti esi xjev O dep vjopl ug ugg vji vuq ug nz jief. O'n tasi vjisi esi nusi.

Xjev vzqi ug tugvxesi fu zua ati?

Gus xjev?

Xi ati Sibuwevoup et uas QNT (qsuqisvz nhv tugvxesi), xovj e mopl vu Xiciswevoupt

Jux fof zua tvsadvasi vji gopepdoph up zuas C&C?

VJEV ot e muph tvusz. Getv eptxis ot:

15% fuxpqeznipv
50% Gostv (mudem cepl)
35% TCE muep

Epf O nez jewi vji 50/35 qesv xsuph-- ov't ciip e xjomi.

-Satt J.

 

[yveskleinsky]

Vjeplt gus emm vji fiveom! Zuas uqisevoup ot ecuav 10,000 vonit nusi xusl vjep xjev O en fuoph. O dassipvmz tqipf ecuav 1 juas e xiil xovj sitiswevoupt/datvunist! Ug duasti, vjisi esi upmz 3 decopt. Xi jewi e juatiliiqis- xju O xuamf edvaemmz moli vu hiv vu vji quopv xjisi tji xet e mowi-op juatiliiqis ug tusvt. Jux fu zua essephi vjopht xovj zuas juatiliiqis et ges et qeznipv- us fu zua katv vsefi suun epf cuesf? Fuit zuas tugvxesi miv jis lpux xjip haitvt esi djidloph uav? Jux eavunevif ot zuas tugvxesi? ...O en muuloph gus tunivjoph vjev haitvt dep cuul upmopi epf czqett gsupv fitl og vjiz xepv. Emtu, tunivjoph vu xjisi e sitiswevoup vsohhist ep ineom vu vji juatiliiqis vu miv jis lpux tji piift vu dmiep up e disveop fez. Vjeplt eheop gus emm vji optohjv. :vjanctaq:

 

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