All Forum Posts by: Bradford Ortlund

Hello! I’m a new investor trying to syndicate my first deal with a few partners. Does anyone have any advice for how best to attract investors for a GP/LP structure? For context we are doing net leased, commercial drive thru properties.

Hello BP Community!

Anyone know which credit tenants (dunkin, starbucks, Wendys, etc...) are doing ground leases around the country right now?

Southern California contractor needed for Fence replacement: Wooden fence needs to be replaced at Venice, CA residence. We are seeking quotes from experienced contractors to replace a wooden fence on a property near the beach. We are looking to have the work done as soon as possible.

Please contact me if you are interested and provide your relevant experience in residential fence building, what materials you work with, and your availability to visit the property and provide us with a written quote submitted by email.

My contact information and property address will be provided upon first contact here on the BP forum.

Thank you and I look forward to hearing from you soon

@Albert Bui On your point regarding a project that is more than 50% of the ARV, would an example be purchasing a home at 200k and if the ARV is 400k they would state that the repairs could not exceed 200k in rehab costs?

Also, how do you go about doing a max purchasing power assessment? I've heard about getting these done and haven't seen a traditional lender advertise that as a service. 

Feel free to PM me, I'd like to know more about the types of lending you do and how you got into investing yourself!

@James Wise I see what you're saying. My thought/hope would be the reno would add a lot of value, however that is optimistic the more I work out the numbers. 

@James Wise

I may be mistaken but wouldn't the equity grow through the renovation? I feel like I am missing something here, Isn't this technically what BRRR investors do if they buy a property at a good deal below market value?

@Brian Garlington

That's a good point and I will keep that in mind in my area, I believe you can only have one FHA loan at a time? I may be wrong though and would be interested to be proven right/wrong on that.

@James Wise

Hi James,

Thank you for commenting! I had a clarifying question about it. Yes, it would be a place for my wife and I for a year or two ( I was thinking a duplex/triplex), however when you say that I wouldn't need/want to refi out what were you referring to? My impression was that i would be able to renovate the property, up the value, refi once the value was up. Of course it would depend if I could find a property at a good enough deal in my area.

What were your thoughts?

Also, I was recommended your investment property group by a friend of mine and I love the videos you guys put out! As a newbie I've found them very informative especially regarding the larger Cleveland area since I am not local. 

@Tyler Delbert

That is an interesting idea that I had not considered (nor heard of before), looking at it on their website right now. Have you used this before and if so what was your experience with it?

@Steve Haight

Great to be hear and great to be in touch with you! Couple of reasons to wait, mostly personal. My wife and I enjoy where we are now and are working to save up a down payment for a project like this (being straight out of college I am still working on this whole cash assets thing). Do you have any ideas for creative financing a deal like that? 

I was thinking maybe seller finance, private lending, etc... what are your thoughts?