All Forum Posts by: Abraham Saldana

John, thanks for the info.  When I structure my deal I will post an update here.

Hi everyone,

Just wondering your opinion on how the Raleigh market is looking vs job growth and current rates of SFH and MF construction. Any thoughts are appreciated!

Hi all,

I am working on my first JV, and need some help coming to terms with the investor. Here is the background of what I am working with:

1. I found a good property that cashflows well/has a decent CAP rate and is in an area that is appreciating nicely. However, I was unable to fund the mortgage so I actively found an investor. They want to be paid back in 10 years.

2.  The investor is putting in 75% of the cash needed to finance the mortgage

How do I structure the deal that is profitable for both of us?

Do I treat the investors cash as a 10 year mortgage?  If so, what is an acceptable/average interest rate?  

Or do I structure the deal so that the 100K is paid back at the end of 10 years (when we either sell or refinance?  And just treat profits as a 75/25 split?

Thank you in advance for the help....I truly appreciate it!

-Abe

Hi all,

I am in some unfamiliar territory and would love to get some advice. I am in the middle of two deals to acquire two multi family units and I was able to network with some colleagues and businessmen to invest in me. Currently, they are willing to put forth the cash necessary to procure a commercial loan (100K and 85K respectively). However, I do not know what terms I should provide them or how to properly structure the JV. In general, I am looking to do the following:

Repayment over 10 years with a modest interest rate (The investors are looking for between a 6-10% return)
60/40 profit split

Ability to buy out their portion of the investment early

Any and all help is welcome! And if you have a sample of a JV contract I could potentially look at it would be much appreciated! Thanks!

hey Joseph,

I invest in southern pines/Pinehurst but will be going to the meet up in Raleigh.  You should come on up.  See what they do here then emulate it back in SOP.  Either way best of luck!  We should talk sometime!

Ill be there!

Hi all,

I am in the process of looking for a private lender, and any recommendations would be helpful.  Currently I am looking to fund either of the following proposals. 

1. Private Lending of down payment (~70K) for traditional commercial loan, with repayment of less than 5 years, with note and mortgage, in addition to insurance certificate.

2.  Full financing of the property (~500K), with repayment of between 20-30 years, with note and mortgage, in addition to insurance certificates. 

I am a buy and hold investor currently with 4 properties.  Looking to add my first multi family property.  Thanks ya'll and I appreciate any help/recommendations you can send my way!

Hi everyone,

Any advice on how best to find an investor(s) to facilitate the down payment on a multi unit in South Carolina? Currently need roughly ~50K in addition to my own cash on hand to finance a typical 75% LTV commercial loan. Any helpful info or directions to people I should talk to would be greatly appreciated!

And if youre an investor looking for more info, I can provide CAP, rental history, NoI information and price point. Thanks!

-Abe

Hi everyone,

Im a local Duke MBA student in Durham, military background and am looking to continue investing in the area.   Currently looking into midrange SFH and multifamily near the Duke/SouthPoint/Woodlake area.  Looking to conduct Buy and Hold deals and would prefer turn key properties, but I can find tenants if necessary.  Also willing to partner with anyone who is as interested as I am in the area.  I am working with a local realtor currently who has 21 years of experience in the area to find properties with either good CAP rates or CoC returns, but we are open to any/all help.  If youre interested shoot me a PM...thanks!

-Abe

Thank you Alex and Aric!  Aric, ill let you know what I found out as I do more research.  Hope your condo works out great for you!