All Forum Posts by: Aaron Rowzee

This right here. Don't do it if you can't afford it. Its just not worth it and there will always be another and better deal that comes along.

When its over a billion yes, yes I do. But never more than $2.

@Quinn Dotson, I'll private message you. We have a great group of investors locally that get together once a month. And it's great because of the BP way of doing things and the fact that it's very exclusionary.

Also, if you want to hold the note on my next multifamily we'll work well together haha.

I've recently purchase an investment property that was purchased for "$10" according to the title paperwork sent to the Appraisal district. In Texas the purchase amount does not have to be disclosed, apparently. Is there a way to reverse this, and make the purchase price known for the sake of fighting taxes, or the opposite, increasing comps in the area, etc?

Welcome aboard! Greater Beaumont area here, known as the Golden Triangle.

Is this not a common practice for you guys?

Would any of you happened to have a clause in your tenant lease agreements that automatically changes annual leases to month-to-month upon sale of the property? And if so, would you be willing to share the wording? Pretty please?

Good afternoon, guys and gals. 

I have had a few interesting conversations with 2-3 people in my circle of influence that want to participate in REI, specifically my recent success, but they are both gun-shy in committing to any specific "complex" real estate deal, and have sub-$5,000 amounts they are wanting to commit.

Without getting too much into the minutia of their mindsets and arguments, it is important to note that they are willing to give a much smaller amount of money for advertising and, in return, are expecting a faster, albeit, higher risk return through wholesale deals obtained during that time frame.

My actual question for you is: have you ever structured any kind of private funding "deal" that officially goes towards your marketing in exchange for a piece of the net profits for (insert time period)? I'm curious the different ways this could be structured to ensure some measure of return for each lender.

Examples:
Campaign A:

• Physical mailers
• 6 letters per address
• Distribution over the course of 2.5 months
• $2,500 budget

From start to finish, each lender gets a percentage of the deal based on the percentage of the marketing budget given. I keep 50% of all deals, while the other 50% is broken up between lenders. 

Lender A gives $500 and receives 1/5th of 50%
Lender B gives $2,000 and receives 4/5th of the 50%

Google Adwords Campaign:

• PPC on SEO website
• Budget is paid per 1 month billing cycle
• Budget $2,500

From start to finish, each lender gets a percentage of the deal based on the percentage of the marketing budget given. I keep 50% of all deals, while the other 50% is broken up between lenders.

Lender A gives $500 and receives 1/5th of 50%
Lender B gives $1,000 and receives 2/5th of the 50%

Lender C gives $1,000 and receives 2/5th of the 50%

All lenders get a copy of the lead tracking reports from either source for transparency's sake. Thoughts?

**Edit: It is also relevant to note that the true end goal of this type of setup to to get my private money investors (who know nothing of REI) to get more comfortable with my process and success, as well as, increase their cash-in-hand to reinvest in me down the road on much bigger deals.