All Forum Posts by: Brandon Becsi

@Joe Villeneuve riding around looking at properties to make offers on, meeting with investors/potential investors sourcing funds, managing rehab projects

@Cody Clinton I appreciate the input and have thought that myself to make construction more automated

I currently have two businesses, a small construction company and a small real estate business with two rental properties. I want to get more involved in my rental/real estate business because that is where I see my families future. The issue I have is when I work on deals and getting investors for my real estate business it takes time away from me being able to do my construction business and thats what pays the bills. Real estate for me right now is just growing wealth but I currently dont receive any "paycheck" from it just tenants paying off existing loans and bank account getting a little bigger each month. 

Question is this: How can I bring in any type of income while im spending time working deals and seeking investors. Lets say I do real estate 3 days a week and construction 2. How can bring in any money that im missing out on construction money those 3 days riding around doing deals? Is there a fee or charge that I could work into deals that will give me some income? 

Looking at this objectively I want to tell myself that the end goal of the deals (that may take 3-6 months) will be a lump a cash that is my income and that I have to be patient and thats how this business is. Thanks for help everyone!

Im seeking basic info on what you might offer an investor on buy/hold rental properties. For example I know in many “flips” an investor invests 100% of the money and the other party manages/completes the rehab and then each party splits the profit. How about rental properties? So if I have an investor that wants to give me $250k and we can purchase say 4 rental houses with that money how do you structure percentages/payouts? I understand that everything is up for negotiations but im curious what a typical arrangement is like on that example?

My mother in law has a home that she hasn't lived in in over 10 years that she is trying to sell. Its an old farm house in Virginia on 19 acres. She's asking $125k on open market but I could probably get for 100k being family. It needs about 10-15k work immediately to make livable/rentable. After basic repairs ARV around 160k-180k. She owes 45k on it and her current payment is $500mo. What is something I could offer her to be win -win for both of us? I want property for rental and to have the land. I could rent for about $1200mo.

@cosmo I don’t know that’s a great question i can look into

My mother in law has a nice home in the county thats on 18 acres that’s worth about 120k as it stands and has a value of about 180k after 10- 15k worth of needed repairs/deferred maintenance . She owes 85k on it to the bank. Shes been trying to sell it for 10 months but hasn’t had any real prospects except other investors giving low ball offers. I know i could buy it from her for the 85-90k mark. I would like to use it as a rental house to generate income and also just have it maybe for later in life due to being in a nice area and the 18 acres. I could probably rent it for $1,200 a month after repairs. Any advice on how to come up with creative financing or offer to my mother in law?

Foe whatever reason i find trulia easier to search multi family properties

Im purchasing a duplex that has existing tenants. They are currently on a month to month lease with old landlord. When we close on home in 2 weeks i will do some basic improvements around them that has been negligent and raise there rent about 10% which they are ok with. They both said they have given the current landlord a $300 security deposit. I obviously either want to get that money from old landlord (because im new owner) or he pay it back to them.... what should i do here or what is standard operating procedure? What i dont want to happen is when/if they move out and if they deserve security deposit back i dont have to pay out my pocket money that i never had from them. Thx

I am trying to find ways of attracting and offering a win win deal for potential investors in low income rental properties that I am starting to purchase. Heres my basic business model: buy homes between 10k-30k and put anywhere from 5k-25k into them to make rent-ready for an all in price of no more than 40kish. With these homes we rent for between 650-850ish a month and do section 8. Guaranteed money and usually longer leases because the government is paying most the rent. My goal is to have 100+ homes within the next 5-7 years. My question is this: What are some ways that you guys/gals would structure offers/deals to private money lenders and or possible parters? I personally have about 75k cash on hand personally but are obviously going to need alot more to reach my goal of 100 units . Thanks BP community!