All Forum Posts by: Andy Farra

Investment Info:

Large multi-family (5+ units) buy & hold investment in Mobile.

Closed - Long term hold - 25 unit complex just outside of Seattle. The properly sits on a large 28,480 square-foot lot zoned for office, creating the potential for re-development as a medical office expansion.

What made you interested in investing in this type of deal?

Location and long term appreciation

How did you find this deal and how did you negotiate it?

Charlie Farra
Senior Managing Director
NEWMARK

How did you finance this deal?

Partnership

Investment Info:

Other buy & hold investment in Oceanside.

Purchased .25 acre lot to develop and build aprox. 4,000sf single family home

Investment Info:

Other buy & hold investment in Oceanside.

Purchased .25 acre lot to develop and build apron. 4,000sf single family home

Investment Info:

Other buy & hold investment.

Purchased .25 acre lot to develop and build apron. 4,000sf single family home

What made you interested in investing in this type of deal?

The growth of Oceanside and location to beaches and San Diego

How did you add value to the deal?

soil studies, engineering, architect, and all on & off site improvements

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Erika Wilson

Investment Info:

Single-family residence fix & flip investment in Cambria.

1700 Square Feet - 3 bed 2 bath on Central Coast

@Michael Thompson @Brian GibbonsThank you for the quick response.

There is currently a private money loan in place which I am in the process of refinancing out of. The new loan will be for $493k for 5 years interest only and I will be pulling cash out. 

Hello, A little background on the situation:

I purchased a home to rehab and put back on the market, once the rehab was complete the market had softened and a few more homes in the area had come online making for a buyers market. After 3 and a half months with no traction I pulled the house and listed it for rent.

I had a company contact me with the proposal of facilitating the transaction and finding an end buyer from which the buyer would be putting down 10% of the purchase price ($55k) and cover the mortgage including all other payments such as taxes, insurance and HOA.

This all sounds fine, however the Buyer would take possession of title and I would no longer be considered the owner and would just be offering Seller financing at that point. My question is, should the Buyer default would the house come back to me through a deed of trust, or would the current lender have positioning over me and take it over? I'm not sure if this company is someone I can trust and should move forward with. Any suggestions or advice would be greatly appreciated.  

Investment Info:

Small multi-family (2-4 units) commercial investment investment in Palm Desert.

Purchase price: $780,000

Helped facilitate the transaction of a medical office investment condo for our client who was in a 1031 exchange.