All Forum Posts by: Alan M.

As baby boomers and other retirees start to die off or at least move out of their owner-occupied home, this large supply of houses will hit the market. What will be the affect?

The article makes a good point that the affect won't be uniform across metros. Areas like Tampa may be highly affected (negatively) while areas with younger more urban environments may not be affected much at all.

It does make me want to hold off on buying a retirement home for the future.

https://www.zillow.com/research/silver-tsunami-inventory-boomers-24933/?mod=article_inline

I'm in 5 syndication deals so far, but just 1 with Ashcroft. I agree they are very responsive and communicative - the only downside so far is that they don't have an investor portal. So there's no place to go see your investments with them, which is odd because they're pretty big

There's not a sales charge on interest income

@Bob Dreher

Bonus! Thanks for the correction (in the right direction)

From the comments above, it sounds like that's not something I should do - underwriting alone is fairly risky given I haven't done it before. I'll learn more about it, maybe in the future, but I'll stick with passive stuff for now.

Agreed, but the Praxis returns are completely passive. Given I work full time, I'd make that trade all day. 

I realized I'm actually already in a fund through Praxis that yields 7%. It's not HML exactly but it's pretty close.

I know where I'll be putting my money!

Are there some companies that you'd recommend to invest through? i.e.companies who take funds from outside investors and put it to use

What's the best way to get into Hard Money Lending? Or private money? I.e. if I have capital laying around and want to lend it, how do I do that? Are there brokers that sync up investors with people looking for HM loans?

BRRRR seems like a great strategy for building wealth and accumulating real estate. I'm wondering if it can be done with a partner.

Hypothetical situation:

$75k property, purchased all cash for $60,000. Needs $80,000 worth of work to be flipped for about $210k. I'd just be the money on the deal...someone else found the property and will do the renovation.

Questions:

1. What's a reasonable split on the fix and flip if I'm supplying all the capital and he found the property and is doing the work? He says it'll take 2 months to do the rehab. 

2. In running the numbers, this seems like it would be a good BRRRR candidate. Purchase and rehab, say for $150k (if things com in over budget). Refinance out at $210k, so $157.5k mortgage. Payments including Insurance and Taxes would be $966. Rents in the area are $800-1100 (I realize this is too broad, need to get more exact). So basically no equity in the deal (infinite ROE!) and have someone else paying the mortgage the first few years, building to some cash flow in future years.