All Forum Posts by: Brice Craig

Anyone else invested in their fund 10?

In the latest podcast episode David Greene mentioned Brandon Turners steamboat speech. 

Anyone know where to find this or have a link to it? Apparently it was his best per David. I’ve searched everywhere. 

thanks!!!

Thanks for the input. This is what I was thinking as well. We used to put TV/Internet connections in every room. Crazy how fast the trend has changed. 

I'd like to cut cost and "get w/ the times" on what tenants are expecting. Personally have switched to all streaming even though I have cable connections all through my house. They are useless at this point.

What are you all doing for TV now? It seems like we're close to being able to just install a hardwired internet connection and that is it. No more TV connections. No more internet connections in every bedroom.

Any thoughts would be appreciated. We're about to start installing on a duplex we're remodeling. Thanks!

Justin,

Curious what you ended up doing here. Rates are super low right now and I'm looking to refinance 8 properties. My avg % rate on these properties is 5.1% so if I can get it to about 4% the savings could be pretty significant. Thanks.

Hello,

We're working on an interesting partnership structure involving (2) duplexes that are on the same property. It is likely that we will subdivide the property and split the (2) units into separate properties so we will each own (1) duplex. 

I am in charge of putting together a rough outline of what the partnership structure will be before we get a lawyer involved to make it official.  The other side of the deal has an interesting question. What if they want to move and sell the property down the road but don't want to put it on the open market?

Is there a good way to structure the deal so that the other side of the deal is required to purchase the property should the other owner want to sell? Would it be standard that the other side is able to purchase the property back at the original value or would it be for the estimated fair market value? I don't think it's fair to have to purchase the property back if the other side wanted to sell a year later and it had appreciated tremendously. 

Any thoughts or experiences would be great! Thanks!

I recently contracted on a 5 unit multi family apartment complex. I'll purchase it for $575,000 and the rent roll is $5,000/monthly. The value is in the land though so in a few years I will tear it down and rebuild a bigger apartment complex. The build will cost roughly $1,000,000. So eventually I'll be all in $1,600,000. I'm torn on how to finance this building??? Do I get a commercial loan on it now in the short term and look to refinance it later into a longer term fixed rate loan after the final construction project is done?  Is there anyway to get long term (30 years) fixed debt on the property AND be able to turn it into a tear down construction project? Does anyone know of any loans that cover the intitial purchase, construction, and eventual refinance?? Or am I on the right path just getting a small commercial loan now, working on a construction loan, and then hoping to refinance later into a longer term fixed. Anyways long time listener to the podcast and this is my first post. I hope it may help someone else out too. Thanks!