The insurance/taxes on the near coastal (esp beach proximity) properties can be brutal. I’ve seen personally in near beach SC flood insurance rise about 25% and taxes/business license fees amount to about 9k so be prepared if you’re trying to buy or even broker a wholesale. And that’s not even mentioning the HOAs if that’s in play, usually upwards of $500/mo. Love the OTM show. Having actual investors in addition to experts is awesome. Congrats to all the sober folks, you’re very much increasing your potential through that achievement. Prayers to those struggling with any addiction.
Not to be too critical, but the office deal that's presented is a little hairy and a full assessment of the local office market, tenant demand and looking at the difference between classes and their cap rates is necessary. It's really hard to do this without a real estate agent, as a wholesaler I imagine. I get that the assignment fee is attractive but I would steer him away before he leaves that deal with nothing.
What are the demographics? Is it rented by medical professionals? Is it close to hospitals? Can you find doctors to rent and convert some units to assisted living on the beach?
I'm not actually enjoying these single deal deep dives. I love OTM because it's 100% different from everything else BP does. It's wonky. It's nerdy. But this....This is just more of the same. I really hope you do fewer -- or no more -- of these, if ever. Sigh.
@@BPOnTheMarket I totally and absolutely disagree with prinny04. This is 100% what we need. Hearing how real pros who are killing it analyze these deals is a window into a room you could never get into. It's priceless info for free!! Macro numbers are fine but it doesnt help those of us who are trying to make the jump to the next level or those who are trying to get their first or second deal. Hearing the run down of that commercial office space building was amazing. Do not stop these deep dives for the love of God!
If you don't realize the value of hearing from these investors break down these deals as if they are looking at them themselves and giving advice. I don't know what to tell you. This is way better then deal deep dives that David G. Does where they just ask questions but don't give advice.
@@bryanbell9103 Ah. You must not listen to the many other podcasts that BP produces, where deal deep dives is almost all they do. I recommend you subscribe to BP to get an idea of what they offer. All the best!
A grateful thank you to the Bigger Pockets team for having me on this episode to evaluate this challenging real estate deal.
Congrats on the milestone everyone!
This is sooooo relatable as I am currently in negotiations with a coworking space in a very desirable location. Literally interview is sooo on point.
The insurance/taxes on the near coastal (esp beach proximity) properties can be brutal. I’ve seen personally in near beach SC flood insurance rise about 25% and taxes/business license fees amount to about 9k so be prepared if you’re trying to buy or even broker a wholesale. And that’s not even mentioning the HOAs if that’s in play, usually upwards of $500/mo. Love the OTM show. Having actual investors in addition to experts is awesome. Congrats to all the sober folks, you’re very much increasing your potential through that achievement. Prayers to those struggling with any addiction.
Love these real deal real estate analysis
Love this. Love the detailed breakdown of the deal.
This was a great episode. please do more deal shows alternating between property classifications.
I saw that Ft Lauderdale property and saw the value for it to be 1.1m or less so I didn’t go further from the 2.2m price.
Not to be too critical, but the office deal that's presented is a little hairy and a full assessment of the local office market, tenant demand and looking at the difference between classes and their cap rates is necessary. It's really hard to do this without a real estate agent, as a wholesaler I imagine. I get that the assignment fee is attractive but I would steer him away before he leaves that deal with nothing.
Love your podcast - but this one was lacking real deals for discussion?
More deal deep dives yes
What are the demographics? Is it rented by medical professionals? Is it close to hospitals? Can you find doctors to rent and convert some units to assisted living on the beach?
I love the show!!! It’s funny how everyone that hate blacks wearing jewelry go get jewelry. Is I’m tripping or is I’m tripping 🤷🏾♂️lmk
You’re not
Pro forma = no bueno
I'm not actually enjoying these single deal deep dives. I love OTM because it's 100% different from everything else BP does. It's wonky. It's nerdy. But this....This is just more of the same. I really hope you do fewer -- or no more -- of these, if ever. Sigh.
Thank you for this feedback!!
@@BPOnTheMarket I totally and absolutely disagree with prinny04. This is 100% what we need. Hearing how real pros who are killing it analyze these deals is a window into a room you could never get into. It's priceless info for free!! Macro numbers are fine but it doesnt help those of us who are trying to make the jump to the next level or those who are trying to get their first or second deal. Hearing the run down of that commercial office space building was amazing. Do not stop these deep dives for the love of God!
If you don't realize the value of hearing from these investors break down these deals as if they are looking at them themselves and giving advice. I don't know what to tell you. This is way better then deal deep dives that David G. Does where they just ask questions but don't give advice.
@@bryanbell9103 Ah. You must not listen to the many other podcasts that BP produces, where deal deep dives is almost all they do. I recommend you subscribe to BP to get an idea of what they offer. All the best!