All Forum Posts by: Alex Camaerei

@Justin Brown

Awesome, I’ll catch you on the next one.

Hi @Justin Brown does this meeting happen every month? When's the next one?

Hi @Sabrina Maples I'm assuming you're referring to properties with 4 units and under? That would be categorized as residential real estate and can be conveyed on the same agreement of sale that you would use for SFR (at least here in PA). That would mean same contingencies, timelines, etc. I would connect with some lenders who do a lot of investment mortgages or have helped a lot of house hackers so you can be well versed in the financing opportunities available to people thinking about purchasing multi-family properties. This would be a question for your Broker, honestly.

Hello everyone, 

Merry Christmas to everyone on BP! I'm a broker and also own a few investment properties, but in 2020 I'm venturing into purchasing properties to renovate and flip or rent as part of my business model. I'm also open to wholesaling houses if the deal doesn't make sense for me, but it potentially does for one of the investors I work with. I'm pitching myself as a broker that has multiple solutions ready to employ to help my clients. I created a worksheet I'm calling my "solution worksheet" (a bit of a dry name I know) where I give a brief breakdown of what the seller would net from the following three scenarios: 

1). I buy the property "as-is" and resell 

2). I buy the property "as-is" and rent

3). They renovate the property and list for sale with me

I'd like to get some feedback from some seasoned investors on the worksheet and where I can make improvements. I'm especially looking to fine tune the buy and hold option as I don't have much education on how to structure such a deal on the front end so after I BRRRR the deal (which would be my strategy since I'm using hard money to finance the acquisition and the reno) I have enough room to get SOME money back out of the deal. I have a lender who can do no seasoning 80% cash out refi's, so in my analysis I do a margin of 75% on my offer but I'm not sure if that's enough.

Anyway, any feedback would be helpful. Thanks!

Click here to view document

@Jassen Bowman thanks for this! I’m going to play with this later today.

@Nicole Heasley I work with both, but am most passionate about helping people grow or start portfolios and carry out a strategy.

That's helpful Brent Paul. I'm visualizing something that starts with determining how much the client would like to make monthly from real estate in retirement then backing that number out to determine how many houses they'd have to accumulate by their retirement date. Thanks!

Hey guys! I'm somewhat new to Bigger Pockets. I'm a newer investor and a real estate agent. I'd like to gear my real estate business towards helping people build long term wealth through real estate. I was wondering if anyone had a worksheet that could be used to sit down with clients and help them map out a plan to grow a real estate portfolio and retirement plan. I don't have specifics as to what would be on this worksheet, just looking for some ideas so I could potentially create my own. Thanks in advance!

Sorry I won’t be able to make it. Was heading down and started having car issues. Looking forward to getting to know everyone.

I look forward to meeting everyone and attending.