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Updated 11 months ago on . Most recent reply

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Jonathan Jones
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New investor / buyer

Jonathan Jones
Posted

I started purchasing real estate in March of 2023. I am a buy-and-hold investor primarily. I do need the deal to be at least cashflow even, but i don't mind playing the long game on the property. I have used most of my traditional financing cap with earlier purchases so now I'm using creative financing like seller financing and sub-to purchases to keep growing my portfolio.


I'm currently focusing in Tennessee on homes under $500,000. Ideally, a 3 bed 2 bath or more and creative finance must be an option.


For agents, wholesalers, and private lenders, I am willing to structure shared ownership/partnership deals so we all win together. Ex. A wholesaler has a property that requires $30,000 cost of entry. The deal is structured to pay 15k to seller, 3k in arrears on the loan, and 12k to the wholesaler. The wholesaler and I can create a partnership so the wholesaler will get 4k at closing and the remainder can be used as a contribution into the partnership. This will then allow the wholesaler a percentage of the monthly rent and equity to begin more wealth building.


Let me know if you have deals for us to review together or feel free to reach out to connect and network.

  • Jonathan Jones
  • Most Popular Reply

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    River Sava
    #2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
    • Lender
    • USA
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    River Sava
    #2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
    • Lender
    • USA
    Replied
    Quote from @Jonathan Jones:

    I started purchasing real estate in March of 2023. I am a buy-and-hold investor primarily. I do need the deal to be at least cashflow even, but i don't mind playing the long game on the property. I have used most of my traditional financing cap with earlier purchases so now I'm using creative financing like seller financing and sub-to purchases to keep growing my portfolio.


    I'm currently focusing in Tennessee on homes under $500,000. Ideally, a 3 bed 2 bath or more and creative finance must be an option.


    For agents, wholesalers, and private lenders, I am willing to structure shared ownership/partnership deals so we all win together. Ex. A wholesaler has a property that requires $30,000 cost of entry. The deal is structured to pay 15k to seller, 3k in arrears on the loan, and 12k to the wholesaler. The wholesaler and I can create a partnership so the wholesaler will get 4k at closing and the remainder can be used as a contribution into the partnership. This will then allow the wholesaler a percentage of the monthly rent and equity to begin more wealth building.


    Let me know if you have deals for us to review together or feel free to reach out to connect and network.

    Hi Jonathan - Happy to connect with you. Have you looked into DSCR loans at all? Might be a good option if you’re looking into difference avenues than traditional financing 
  • River Sava
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