All Forum Posts by: Bryce DeHaan

@Charles Carillo

What would be another option? Syndication?

@Charles Carillo

Hey thanks for the quick reply. Is there anything else I can offer to my private money lender as far as security in the deal? Obviously we would sign a promissory note and if I default on her payments she gets full control of the property, but what is her security if the mortgage doesn’t get paid? I’m not saying I’m going to default any payments, I’m just want to set my partner up with the best security. This has to be a win win for everyone

I have a bunch of deals lined up but plan on borrowing down payment capital from a private money lender. The mortgage itself would be a regular bank conventional loan. My question is, how do I structure this for the private lender to ensure they have security? One of my potential private lenders is weary because she wants to be first priority lien holder but obviously the bank would come first. I understand that we would do a promissory note but what would be her collateral? This will be a buy & hold multi family investment and we would pay her back in monthly payments until she gets her money back at let’s say 8%. What would be the best strategy here?

@Charles Carillo

I sent you a private message!

@Charles Carillo

Hey thanks Charles! What do you usually put in for insurance and percentage rate?

Hey there quick question! How do you guys estimate monthly mortgage payment on a deal when analyzing multiple properties at one time? Thanks in advance! I'm looking to bring some deals to investors but the monthly payment is the only thing I can't seem to estimate correctly. I get my rents, expenses, etc and can get a good NOI but I don't know how much to subtract from that for debt. Thanks!

Hey guys I’m an investor based out of Lake Havasu City, AZ! I was just wondering how you guys estimate the monthly mortgage payment of a multi family property when analyzing multiple deals? Let me know what you guys do 😊

@Tyler Bains

How would you approach them? To make sure they know you’re there to provide value

@Tyler Bains

Hey Tyler,

That’s really good to know and I’ll take that in to consideration when reaching out to these agents. Do you have any tips on how to build a network of investors for potential private equity or someone who is interested in investing passively coming from a real estate agents perspective? I’m sure you have quite a few experiences with people reaching out! Thanks :)

@Dallon Schultz

I think your response prided a lot of value in helping me move forward with my goals. I can agree that the mind can get tainted quickly when you are only focused on what you want. I think for me I want to be able to have what I want, but I know that providing value and building relationships is how I’m going to get there. I would also agree with you on the point of finding out HOW I can actually provide value. I would be interested in a phone call as well. I’m only 22 years old but I’m married with kids and my drive is off the charts. I need to gain as much knowledge from seasoned investors like yourself to mitigate some of the risk and make sure I don’t fail before I start. (Although I’m not afraid to fail). I’m humble in my preparation so I don’t take any information for granted. I’m extremely teachable!