All Forum Posts by: Annette Gutierrez

So I have this Potential Million Dollar MultiFamily Investment property . Fully rented. Long term tenants. I'm very familiar with location and units. Seller does not want to do 1031 exchange. They are willing to carry at about 10% cash down + would also like to put a lien on a free and clear property worth $200,000 non owner occupied for the rest of the down. There is a 5 yr prepayment penalty. Cap rate is 5.9. What are your all thoughts on doing something like this?

Sorry read that wrong this was only deal you got from yellow pages. Excuse the comment. Great job though!:)

Great story. Just curious are you still using yellow pages?

@brandon turner Please remove this post. Thank you!

So I have a seller I may be purchasing a property from and then selling to an end buyer. I do have an LLC. And would purchase in LLC name. I'm just starting out so I don't really have a buyers list. I know a few investors but their not interested. So I received a call from this guy says he needs a place. I tell him about the property. I tell him it's all cash, as is. He says he qualifies for loan but his boss will loan him the cash. So I'm thinking instead of using transactional funding saving me quite a few dollars I bring the boss on as an investor. Get the cash from him. Give him a promissory note. Instead of interest I will give him clear and marketable title to the property. The boss said he will then either carry paper or just rent place out to his employee. Everyone is in agreement. Does anyone see a problem with this scenario?

Awesome! Congrats! Enjoyed the post. 

HUD homes can be valuable purchases. I have sold quite a few. There's lots of information on their website in the HUD home store. Including property condition reports. I wouldn't rely solely on these. Always inspect the property in person. Find an experienced agent that has done HUDs. Some of them can even be repaired using FHA financing depending on the property. Don't be afraid to offer less on investment properties. 😃

That is wonderful that you are doing this for them. My 5 children are all grown and were home schooled also. I never even thought of doing something like that. I did however always try to encourage them to do something in Real Estate. If not their first choice to have it as a back up. Hands on is great. Them living with a Realtor Mom they learned a lot about homes and loans. I would of loved to have done something like this. 👍

So Cool! Awesome job!

@Jeff Rabinowitz :-) Just posted the ad as written. Copy and paste. Oh, I did write the part what do you think of this ad? @Wayne Brooks she may be getting the wrong information from somewhere or maybe she is delusional. Sad but true.