All Forum Posts by: Aaron Lucas

Trying to buy the commercial 4 unit building we've been renting for a while now. Any recommendations on lenders that work with 504's?

Hmm.. If I'm going off a building the recommended "team" per some go BP's blogs and books probably the following:

1. Mentor (I have a partner now but he seems apprehensive to teach me everything when I ask)

2. I think a securities lawyer if I'm going to pool funds

3. Property Manager (I'm considering starting my own PM company to aid my brokerages and investments, plus the tax benefits)

4. Reliable crew of the various contractors

5. Group of commercial lenders (I have residential covered) and a network of private money lenders, hard money lenders, etc. for more creative financing

@Bryon Andrews Would love to house-hack but unfortunately my wife and I already have a mortgage. And I don't want to lie and trigger the due on sale clause. Trying to get our 20 year old son to do this now.

Thanks for the reply Joel. I am currently involved in assisting in an equity fund that purchases commercial deals, with the end use being retail and developing condos, but have relied heavily on my business partner to structure everything. I have also been a real estate broker for 5 years, own 4 residential real estate brokerages, and my wife is a certified appraiser. I am just lacking the capital to tackle larger projects on my own. Given my knowledge and profession do you think larger and more passive investors would be more likely to partner on a larger acquisition, as long as the math makes sense?

I’m looking to acquire my first buy and hold multi family. Would you guys suggest starting out with something like a duplex and trying to be the sole investor, or tackle a larger project and bring in partners?

@Kerry Noble Jr Thanks! What's your preferred vehicle and strategy?

Hey everyone, 

So, I currently have another commercial deal I'm in the process of purchasing with 2 other partners that's also in the process of having a contract for tenants with a cash flow of somewhere between 2700-3000 by the time we come to agree on the type/amount of the lease. 

That's where my LIMITED capital is currently locked up. 

BUT, I have a buddy where I train muay thai and he is thinking about making a move to a better area. I was thinking maybe I could find the spot he wants, purchase it and then boom... instant cashflow again from a tenant.

However, the issue is cashflow... So, I need creative financing ideas for me to own the property and create more cash flow. I was thinking maybe a lease option sandwich but wanted to get the BP advice. What're some other thoughts on how to tackle this?

Hey everyone, 

My name's Aaron Lucas and I'm 27 years old and just getting my hands dirty in the investing world. My wife has been a certified residential appraiser for 15 years and held her real estate license for 13 of those.

 She lured me into the appraising side, but after some requirement changes (and me completing my BS in Psychology and all of the appraising schooling,) we decided it would be best for me to go ahead and become an agent.

So, fast forward 3 years and now we own and manage a local boutique real estate business and have an ownership interest in 3 other local brokerages with the hope to keep expanding our model to other cities, while still managing her appraisal firm. 

Our business partner has gotten us interested in a private equity fund, or one-off's, and we have just moved forward on our first commercial investment and already have tenants in place prior to closing. 

I am looking for advice though from the rockstars about where to start besides that so I don't have to depend on my business partner to make progress forward. 

So, here's our situation... The ultimate goal is to have constant passive income, so my guess is that buy and hold MFH or SFH would be the best route? My wife and I own a home already but the mortgage is in her name only. We are still trying to pay off student loans and a line of credit and have little to no money to put into another investment right now. What's the best vehicle to get started on the road to constant cash flow and passive income?