All Forum Posts by: Briana Nasman

Thank you so much!

curious why you don't invest in Fairhope? Is it just the building regulations? Looking at some deals in Daphne too and I see so much opportunity here (at least compared to my local area of Seattle) that it almost seems too good to be true haha

Hi!
Anyone investing in Baldwin County, AL? I have a 5 acre lot under contract I'm planning on developing 12-13 SFRs on (mix of spec build and build to rent). I have a contractor for the new construction, but I am also wanting to do some flips/BRRRs in downtown Fairhope, and he doesn't want to do remodels. Would love any GC recs.

Thanks!!

Hi!

I have a business that leases a property that I own in an LLC. I have someone wanting to buy the property and continue the business. They want to do 100k down and then have me finance the rest for a couple years. I owe debt on this and I'm pretty sure the bank won't let me do a wraparound because I personally guaranteed the loan when I bought the property (SBA loan). Is there a way to structure this that works for all parties? I was thinking about doing a lease to own sort of thing, where all her payments go towards her eventual actual purchase. But then should I add her to either op agreement? Should she just start her own LLC for the business for liability purposes, buy the business outright, and lease to own the property from me? I will definitely be talking to an attorney about this, I just want to get a baseline understanding of possibilities beforehand. Thanks!

Hey Jim! Curious if there are any updates on this. 

Hi! Long story short, I went down the 'i want to build a house' rabbit hole. After conversations with numerous on your lot builders and a solid understanding of the work load I would take on, I started looking at land in an unrestricted, massive resort community. These houses are selling for 1.2-1.8 million (yes, they are very nice houses, but not a ton nicer or bigger than the house we were planning to build for 450k in a nearby neighborhood- excluding land and excav). Their parcels are 175-400k, have utilities onsite and are generally flat and usable. It's an hour from a high income major metro area so the spec houses sell before they're finished and are in high demand. I am SURE I'm missing something as it seems too easy, just not sure what. Obviously, we're fine living in the house for more than 2 years if the housing market tanks, just would plan on at least that to avoid cap gains. 

Hello!

Fiance and I are getting married in a couple weeks. We have a 5 year goal to buy land, build a custom house/horse facilities, and retire. Ever the entrepreneur, I keep looking for ways to make our future land profitable. Planning a wedding has brought light to the insane amount of money people spend on these things. There is a venue nearby that charges 12-18k (depending on party size) for JUST the location. 🤑🤢

I'm currently casually looking at a 45 acre, 3 parcel chunk of land. It looks like it would meet our needs. However, I'm wracking my brain trying to figure out a financing situation that would work for a new construction home, horse property, ADU, and a wedding venue. Multiple septic tanks, probably multiple wells, electric hookups, etc. A lot of money would need to go into each part- there's no way we could do that all cash.

Any thoughts? Would it work to buy each parcel separately with a different loan (ie USDA/construction for the house, financing through BarnPros or whatever for barn, SBA for venue?) Or is that insane?

Another thought is that since it's 3 parcels, the ADU could be an actual dwelling- I wonder if we could figure out a way to build the venue with a 2nd construction loan for the 2nd house (at the same time as 2nd house)? Though I'm guessing that's like a MAYBE 50% LTV situation...

Ideally, we'd love to do the ADU/small house and wedding venue first, and build the primary later, as we're happy with our current house/commute for the time being.

If this is insane and impossible, feel free to crush my dreams so I can get over them :)

*almost husband has a very strong W2 job, and I am self employed in real estate sales and several cash flowing rentals

Interesting. We haven't put a lot of thought into deals like that, but may be interested at some point... keep me posted.

Thank you both!!

Hello!

Looking for some reccomendations for Louisville commercial multifamily brokers. Experience with medium size apartment complexes mandatory, and prefer people who have worked with out of state investors before... thank you very much!