All Forum Posts by: Anade Davis

@Greg Scott this is the type of info that is pricelss and why i love biggerpockets. Appreciate this. I really want to do an apartment building but i want to build a track record first of smaller deals and just looking for a strategy to get into deals similar to a subto or wrap.

whats an agency loan?

As I get deeper into Commercial Investing (the research of it), I am always think I am closer to getting a MultiFamily. Now I have read some of the well off say in so many comments.. Just save money and etc....This conversation is not for you. This post just remove from your algorithm. 

I have thoroughly researched many of the creative financing strategies (subto, wraps, assumable mortgages, and etc). I really like Lease to own option to get into deals without having to take on massive debt. I like this option better than a Wrap because for me its just easier to understand and navigate, especially if lender calls the loan.

With all this being said...I am just looking for those that have direct experience with using Lease to own to get into Multifamily and Apartment building type projects. I am selling some land and some tiny houses i built this year but you know how that can be. In the meantime, most of my capital is tied up and I am looking to be Super creative and I have absolutely the time and energy to cold call until i find someone that is game...even if i got to get a property in Alaska. I just want to get into a deal so i can immediately utilize this experience. Once you have property it makes it so much easier to bring in investors and partners.

100% true

and for the record not here to bash, i know it has helped a lot of people and i know it will continue to improve. 

Yeah its giving me unrealistic comps for properties in Jacksonville

I was not looking to say anything negative but the energy is off. Everytime i engage in a product its more unexpected money being required and I just do not like that.

Good information. Its like the Airbnb that says $20 a night but when you click its $100 cleaning fee.

We in here!

@Jerryll

Yes I completely understand have been a professional data scientist since 2018 before i swapped it out for real estate development 2 years ago. I found my self with a million dollar startup with no money and realized my success was contingent on companies hiring me or people investing in me. In real estate, I believe its the opposite because its based on Assets and good deals will make money. In tech brilliant ideas die every year, just to be repackaged later.

People hate facts. They think their money or whatever overwrites facts but yes logic with evidence is tough to accept. Even in my life. I had to access my actual financial situation. How can i be so smart and have no money. Which i realized being smart is different than being intelligent. 

Smart in Something = Success in that area

Intelligence in Something = Knowledge in that area 

So I 100% understand the SEO Expert. You may think that photo is the best photo for your listing but the data shows that when the other photo is used the CTR increases. It is what it is. 

@Jerryll Noorden

@Michael BengtsonMy experience in orlando is most properties I have came across are inflated. I think the only way to go in orlando is offmarket, as close as you can get to the airport and/or college campuses. 

Orlando is the most visited city in the USA. As it does have a lot of promise. HOAs have dominated Orlando.