Im4datigers

All kind of new BSA and money laundering rules. From what I recall, Td got absolutely hammered on their last BSA exam. So they may have had to tighten up a lot. ETA yep they’re getting hammered https://www.complianceweek.com/regulatory-enforcement/td-bank-expecting-punishment-in-bsa/aml-pr...

I have a really good buddy of mine up here in NOVA that is recruiting for a higher profile controller position in New Orleans. I would consider the comp plan pretty good for that area, but I'm also not in the controller/CPA capacity personally. I'm just trying to network for him down that way so...

Been in banking 25 yrs. This is insanity and really banking 101 these days (consumer or commercial). Sounds like they’re treating more like regular old school bill pay vs a true ACH function. I’d run quickly. ...

All good appraisers mentioned. Can’t go wrong with any. ...

Just do a back of the napkin. It’s free Net operating income divided by the market cap rate. If you need comps, shoot me an email. Lnobles@redstickag.com Your calc won’t be as accurate as an appraiser but it won’t cost you $5k either. Tom Cook is excellent as is David Lakvold if you truly...

Terrible? Come on man that’s harsh. He could have thrown into 4 defenders instead of the triple coverage ...

Nope. He’s being greedy. Have never seen this in 25 yrs of CRE. Can’t have his cake and eat it too. ...

[quote]That's rough pulling your kid out of their high school after freshman year. [/quote] I get the wanting to move completely but please don’t do this to your kid at this point. This happened to me the first day of high school (came home to have parents tell me dad got transferred clear across...

Obvious would be Apple. I hold a good bit of it but haven’t bought lately for whatever reason. But it’s going to be damn hard without a ton of m&a to grow $400 billion of revenue 7-8% year over year. That’s a big nut. ...

[quote]I was thinking of something more along the lines of sharing advice freely[/quote] I hear you man. Unfortunately the good ole grey hairs are falling by the wayside. Most current professionals are so damn busy it’s just hard to take on a mentoring position. I’m 50 and would love to mento...

What I find is people get greedy and think they know it all in the beginning. Instead of finding a true mentor and learning from them while giving up 50% of the profits, they step in landmines along the way and end up with no profit. This statement generally comes from the real estate side but c...

You could have gone back to 2005. Been talking about it since the beginning of time and of course collecting your tax dollars to do it. ...

I’ve been in commercial real estate banking 20+ years. Hard pass for me. I used to think these were going to be ok. Let the normal joe invest into bigger deals etc etc. Kind of cool, decent returns etc. The issue with these guys is what’s coming out now with the crowdstreet and nightingale deal....

Still available. ...

[quote]I am mainly doing private money lending partnered with another company now to flippers. 10% APR is what i charge of course secured by the RE.[/quote] Man you’re leaving money on the table IMO. 10% is bank rates right now for construction. We’re putting a fund together and we’re going to be...

[quote]Condos are only as good as their associations and reserves.[/quote] Truer words never spoken ...

I’ve got one better than that - was looking at a new listing multi family deal in New Orleans. Emailed and asked for two simple things - rent roll and a T12. Most basic of information. Didn’t have it. This is a commercial broker not a residential person trying to do commercial. I would think tho...

[quote]The biggest issue for me is the influx of "new" flippers. If something hits the MLS - there's a 0% chance of landing it or it being a decent deal after it gets bid up over asking.[/quote] Same in this market too. But are these guys actually making money or spinning their wheels saying th...

Lsugumbo- let me know if you guys are ever looking to JV something. Or if you need financing for it. ...

[quote]Im.behind because i tried with friends and family. No money was lost but the ceiling was low since they were difficult to work with[/quote] Yeah fine line there. You want them asking good questions and doing whatever due diligence they need to do, but in the end they are supposed to be pas...