All Forum Posts by: Amin Akhmadi

@George Yu

Hey, what is price per unit for your deal ( all in, cost of land included)? How big are the units ($ price per square foot)?

How much time it took to build it out?

@Johnny Garcia

I mean, anything is possible! Depends greatly on price.

I would suggest you go forward with the deal. Even if couple owners would not sell, your returns DO NOT depend on them selling or not.

It's not like you are developing land.

And then, you can also flip the units, if the debt needs to be repayed faster, and it wouldnt look out of whack, so overall, endless opportunities here.

@Tim McKelvy

Just buy ready. That way you know exatly what you'll pay.

@Tim McKelvy

Bad idea, Tim. Think about all the time that would be wasted in such scenario. Notwithstanding the money that you'll get out of the circulation, for that amount of time.

Just look at deals under price, and get them to get cashflow from day one.

Developing have too many moving parts.

Highly not recommend it!

@Andrew Michaud

Andrew, for your first deal look at the long term resail potential for the property ( location) , and cash on cash return, meaning in how many month can you return your innitial investment, so you have enough power to invest in other things after that.

Because think about that. After you returned your money, the investment (for you), is free to retain.

Best deals, off course would not need any money to put down, as they have enough built in equity to even cash out refinance and put money into your pocket.

Feel free to connect and message. Good luck

@Daniel S.

Shitcan the deal. 120 grand a unit for a pre renovation place? You kidding?

Tell the seller that the price is too high and you can't get financing.

If they offer seller financing, get the financials of the place, and you'll see that debt would NOT cover the payments.

You may squeeze a 0% interest out of them this way, but it still too much, and would be problem when financing renovation and upon exit.

Good luck

@Henry Lazerow

WOW, man!!! That's a great insight! I NEVER heard about that.

What are the kind of deals that stick, most of the time?

You can dm me

@JayCinta Henry

It's a flip deal, not a long term hold. I would flip it for 50 grand a unit.

Not a good location

@Colton Kotylo

1. Spread out the payments for 25 - 30 years. Say that's its advantageous to them, as they don't have to pay capital gains tax.

2. Get the accurate Financials, and make sure that the payments would cover debt service.

3. Plan your exit.

@Matt Browning

Your deal is ****. How can you be making 9% coc if you use leverage to acquire the deal?

That's like 2% Cap Rate