All Forum Posts by: Brandon Raeburn

@Mac Usher "Hi BP- I want to offer land that I own as collateral to purchase a piece of commercial property. What has been your experience in using this technique? Thanks" 

Hi Mac, it all depends on the seller. If they think its a fair trade then its nothing for your attorneys to handle. We've managed to accomplish a similar trade over seas without incident.  One thing to keep in mind, vacant land may be hard for some to asses its true value. Good luck. 

Hi Jacob,

After filling out the loan application the mortgage broker sends the info to 15 different local banks, national banks, credit unions, insurance unions and private lenders. Once they get the quotes back they then show each lender the others bid and cause them to outbid or resend offer. The best loans are then displayed to you. 

Hi Jillian,

Good luck on your new endeavor of investing, and this is a great question. Most sellers wont spend the time to send true documentation until you've made an offer and its accepted. Pro formas are a best case scenario of property financials that we Brokers draw up as a menu for the meal which is the property. Hope this helps, if you have any other questions please reach to me. 

Hi Jenna,

I wish you and your husband much success. I am a CRE Broker, RE Consultant and Licensed Contractor out of NYC. Please fill free to ask me any questions you may have about real estate investing, funding, contractors, property management, underwriting, business structuring and market analysis.

Hi Padric,

The only obstacle I see is you living inside the investment which like everything else can be overcome with patience. I work with a mortgage brokerage named The Cornerstone Group of NY. After filling the loan application they will find a private lender who will loan no matter the circumstances. I've helped others use them to acquire very questionable investments so I'm pretty optimistic in your chances for success. Please reach out through my contact info or PM if interested. 

Hey Taylor,

Glad to hear you're enjoying your passion for RE. I started wholesaling before I became an agent so I'll give you my personal experience. As a wholesaler, you're not held to any standards and can virtually do what you want (within the law, not ethics) to close a deal. However, whatever money you make will be heavily taxed if its reported (I'm not an accountant). As a licensed Broker/Agent/Realtor you are allowed to use uncapped deductions as a real estate professional; please consult your local CPA or tax prep. for more details.  Saving more money will bring you to financial security allot faster. 

Now for another angle you didn't state. Do both.... When the potential client only wants to FSBO, you turn back into a wholesaler and still get a "commission fee". Plus you get all the tax benefits as a RE professional. Just keep it classy, stay ethical, and close those deals. Hope this helped.

Hello Allison,

I have a partnership with a mortgage brokerage called Commercial Capital Financing The Cornerstone Group of NY. Once the loan application is filled out the underwriters send the quote to over 15 local banks simultaneously. Then each bank will get a list of all the other banks resulting in a decrease in price to win the loan. Once the dust settles, you'll be given the best loan package possible.   

Hello Allison,

I have a partnership with a mortgage brokerage called Commercial Capital Financing The Cornerstone Group of NY. Once the loan application is filled out the underwriters send the quote to over 15 local banks simultaneously. Then each bank will get a list of all the other banks resulting in a decrease in price to win the loan. Once the dust settles, you'll be given the best loan package possible.   

@Bin Chen great story and even greater decision. Once you increase the NOI you'll always be heading in the right direction.