All Forum Posts by: Anthony Tulino

Hi All,

I'm looking for a local NJ bank or credit union that will permit the seller to finance a portion or all of the downpayment on a commercial mortgage. I know it is unusual and I've been told 15+ times by local banks they don't allow it, but I also know there's people on BP that have done it. 

Also, I have the funds to put up the 25% myself, it's just tough to pass up this opportunity where the seller is willing to provide it at a low interest rate. 

Thanks!

@Spencer Gray @Adam Balsinger thanks for providing your feedback on the program. If you don't mind, I will PM you with a few additional questions.

Hi All,

Does anyone have experience Michael Blank's Platform Builders? It's supposed to help you build your brand for apartment syndications. I like his Syndicated Deal Analyzer, and before jumping into this wanted to get some opinions. It seems pretty new, so I couldn't find anything.

From the website:

 The Platform Builders Framework is a proprietary system that fills your pipeline with the right kind of investors, so you can confidently grow your syndication business 10x in the next 1-2 years.

How to build your brand to attract the “right” people
How to build your list so you know who’s in your tribe
How to serve your tribe so that they become raving fans
How to lead them so that they invest with you (and change their lives through passive income)
How to expand your reach to raise millions in days and change even more lives

Hi Deep,

I'm looking for the same but in Central NJ. Unfortunately nothing attractive yet. The CAP rates owners are asking for don't make sense, in my opinion.

I use Cobalt Steele, @Anthony Lee. Competitive rates and he's very knowledgeable.

The New Brunswick market is pretty hot right now. I've been looking for a multi family there that meets my cash flow criteria, but have been unsuccessful so far.

@Account Closed what code violations do you request in the OPRA? All of them?

Same here. Any recommendations??

Hello all, I'm a newer Bigger Pockets member and I have a question about a property I am looking to buy. First off, sorry for the confusing Subject, I didn't how else to word it in 1 sentence.

My plan is to purchase a single-family house, move into it, and renovate it over the next year or two. I then plan to move and rent out the newly renovated single family. I know that if I were to buy this property as an investment property and fix and rent it, without ever living in it, I could depreciate the improvements. What I am unsure of and haven't been able to find an adequate answer is: Can I depreciate any improvements if those improvements are done while I am living in it as a primary residence? Of course my intention is to fix it up to increase the rents, not to make it prettier for my own enjoyment, but does the IRS differentiate the two?

I will be speaking with a few CPAs about this, but to be honest, I haven't found one that is well versed in this kind of stuff. And I know someone on Bigger Pockets has the answer! Thanks in advance!