All Forum Posts by: Anthony Chara

Sorry to hear that Nick. Remember, even if the Seller won't budge now, it doesn't mean that they won't budge in the future. So always let them know you're still interested if something changes down the road.

Lastly, one thing you might ask the Seller if you haven't already, is if the Seller would carry-back a note around the same amount or more than the money you think you need for CapEx. This may work in the long run because it gets the Seller their asking price and gives you the extra money you need to do the work, but you don't have to pay the Seller for years to come. This strategy only works if you can prove to yourself that the property will be worth substantially more than the purchase price in the future once the work is done and you increase rents. That way, even though it may appear that you're over-paying now, you pay the Seller the balance with dollars that are worth less than today at some point well into the future.

All of the above Chase. Just because a property has been listed with an Agent, doesn't mean you can't do some type of creative financing like the things you have listed. However, the real problem with Agents is that some times their meddling will kill the deal. If they don't understand how they get paid from the transaction, they will suggest the Seller not accept your offer. Whatever type of CF you choose to do, make sure you explain it very well to both the Seller and Agent so everyone knows exactly what's going on and how both parties will be compensated/paid.

Yes, Catherine is allowed to split her purchase and she's also correct that you both don't have to come to the same Boot Camp. I'm holding them all over the country from Coast to Coast from Northern and Southern CA, to Denver, Chicago, Cincinnati, Minneapolis, Detroit, Philadelphia, Washington DC to Ft. Myers.

Yes, it is the Indy Town East complexes. 4 complexes in total. So I guess the means you've heard of it? lol

Hey @Brian Adams, nice job here. You have inspired and motivated many investors with your success!!  This is one of the longest strings I've seen going on BP in terms of both time and # of posts.

I wish you massive success with your apartment investing!!!

BTW, are you working with Patti P. and her son as your PM team in TX?

Thank you @Brian Gibbons for the kind words!! Just wanted to let everyone know my web page has been updated to www.ApartmentMentors.com. If it's not okay to post this update per any BP guidelines, you can certainly remove the post. The web page above has not be used or updated in quite a few years.

Hi Chaz, I'm assuming based on your comment above I 'kicked your ***' in a good way!?!? lol  If not, please let me know. I'm always looking for suggestions on how I can improve my classes.

Thanks again Chaz!

Properties are located near 21st and Arlington on the east side of Indy. I'm assuming you know the area since you're asking?

Hey Steven,

The posts you've already received are good ideas as you may find smaller, local lenders more interested in lending on local properties to people who live in the market. I would also suggest you check with your own banker.

Secondly, if you are having a hard time finding banks to lend on this property, this might give you some good negotiation points to talk the Seller into financing the property for you. If you can't fund it, others will probably have issues too.

Lastly, you can find 'money partners' to go into the deal with you for a return and/or an equity stake in the deal. Find people who have IRA's where their money is just sitting making a whopping 1% return. Good luck to you Steven.