Norada Real Estate Group

Comments(8)

• 
  norrist30th October, 2005

  Found a few bytes:
  
  
  http://www.normandmike.com/html/Links.asp
  _________________
  Best regards,
  
  Tim
  
  [ Edited by norrist on Date 10/30/2005 ][ Edited by norrist on Date 10/30/2005 ]

• 
  cbrechbill131st October, 2005

  I have requested specific info about this company and never recieved anything? I finally recieved a call from a staff member almost 2 months later, and he actually contacted the developer i had invested with that offers 24 month leasebacks at closing, and bought one unit in Clearwater...so with that said i dont know how good their "deals" are. If you get any specific information i would still be interested to learn a bit more.

• 
  ConnieB6th June, 2006

  Hi, I just learned about Norada Real Estate Group and was wondering if you found anything out? Have you invested with them? Let me know anything you have learned.

• 
  sirbeigealot2nd June, 2006

  John,
  I guess I am looking for "more bang for my buck".
  
  Thats why I posed the question here...I am looking for cash flow.
  
  I guess I will always wonder about commercial until I actually buy one.
  
  Thanks

• 
  commercialking6th June, 2006

  Well, Chris in both cases the financing was through a conventional lender i.e. a local bank.
  
  In both cases I found the property at bargain prices, flipped it through a straw man and sold it to my investor partner at appraised value. The straw man carried back a 20% second and I refunded my investors 5% downpayment after the closing to buy in as their partner.
  
  The trick is you have to buy the property initially at least 25 to 30% under its FMV so that there is room for the straw man to do its thing.

• 
  sirbeigealot6th June, 2006

  Commercialking,
  
  I have been searching ****This URL Not allowed**** for units in other states.
  
  I have seen anywhere from 30-50 units for under 500K.
  
  Assuming that the seller does not carry, and I simply put 20% down on one of these properties, would you think that this is a good way to get started in commercial?
  
  Are these buildings under 50 units generally good investments?

• 
  johnnyloans8th June, 2006

  Primary or Investment I think the bigger question is owner occupied or non owner occupied. You can live in an apartment and own a home that is not your primary residence.

• 
  voluminous8th June, 2006

  Thanks!! I will make sure to do this today! I figured as much but just wanted the expertise opinion from you guys. This has been a great help.
  
  Toska