All Forum Posts by: Zander Kempf

I am a growing developer with a couple dozen deals complete. I just got my NH RE license to add legitimacy and have as an add on to some of my deals. My focus will remain on building my development business, but I would like to hang my license with a NH brokerage that will help me build my network and grow. What I have to offer is a potential buyer of some of their deals (sub 5mil range) and a partnership for selling any projects that reach their horizon. 

Any recommendations?

@Sean Delisle I am looking for full service STR property management. Handling all bookings, maintenance, cleaning, tenants etc. This would need to be someone local just in case something urgent needed to be handled.

I'm looking for a solid short-term rental property manager for a property I have in the Manchester area. Any recommendations?

I love the idea of fractionalized REI, however using tokens to facilitate does not change the underlying activity, which means whether my investors are funding a deal through dollars or coins, we are still going to be dealing with the same SEC regulations as long as we are operating within the US. Even if their consumer protections haven't fully been adapted to cover all areas of tokenized REI, that is something they will likely move to cover in the near future.

I am very bullish on the future applications of blockchain in a variety of markets, real estate included, but at this moment, it is difficult to picture the benefit in terms of raising capital aside from being able to replace a basic investor management portal.

@Caleb Coblentz Buying with hard money and doing a refi won't help you unless you are buying under value, since the refi is still going to be limited by a 70-75% ARV. You could buy with a 70% LTV loan, and have the seller carry just 15% in a second position (some lenders will do this, but not all). This gets your down payment down to 10%.

Also, increase the sale price in exchange for seller covered closing costs. Typically lenders will allow 2% seller covered closing costs. With this method you are essentially financing a large portion of your closing costs. 

Finally, find an investor to lend you money to cover the down payment. The above strategies could get you down to 8-10% cash to close. Have an investor loan you that amount of money, and give them all of your cash flows (after a maintenance reserve) until they are paid back. 

Has anyone used the company eVest? They seem to have a streamlined and SEC compliant portal for managing syndications. I'm curious to hear others experience as well as the cost.syndic

@Scot Finn I am also a veteran who transitioned into the real estate business years ago. DM me if you would like to connect. 

I wish you the best of luck!

@Chris Perrin I have purchased properties from wholesales using Ace Title, they seem to work well with the double closing. 

Thank you @Brian Dano!

@Ben Scott @Son Tran

We had an appraisal done since we purchased with a conventional loan. The added equity from the minor rehab, new roof and new lease let us refi and pull almost all of our cash out.