All Forum Posts by: Bryce DeHaan

@Dallon Schultz

Hey Dallon thanks for all the good info! The only thing keeping me away from really getting involved is actual networking. I know everyone says to go to meetups and such but aside from that how would you approach a potential investor or lender? What would you say to show them that you’re there to provide value (even as a new investor)? I’ve had many recommendations to start at the lower level (duplex, triplex, house back, etc.) but I’m not really interested in the smaller deals. After looking at so many deals it just makes more sense for me to look bigger. Obviously the risk is larger in many aspects but if I can mitigate the risk then why not go for it right? I feel like if I can show I know what I’m doing and provide real value I can build trust through my network. A good deal is a good deal no matter how expensive right? The MONEY always seems to be the excuse! I mean as long as I can find people who have the capital, the money shouldn’t be an issue and I know I can provide tons of value. I don’t know anyone who is as obsessed as I am lol. feel like most people start small because that’s all they have but using other investors would ensure a bigger return for everyone involved right? But like I said, I don’t know how to approach these people! I know I seem a bit stubborn but it’s really just my excitement so I’ll take any tips or criticism :) Any suggestions?

@Greg Dickerson

Hey Greg, thanks for the response. I’ll definitely look into that and get some more information first. What are some typical questions you would ask them?

What are some suggestions on where to find investors? I’m looking at large multi family deals every day but have no one to bring them to. I live in a small town and we don’t have real estate meet ups. I would love to provide some value for a finders fee. Thanks BP and let me know if you have any advice and/or want to go in on some multi family! Super motivated so let’s work together :)

@Bjorn Ahlblad

Yes I’m just getting into this and I know for the most part how to actually run the numbers but finding specific info on the property is a completely different story. I have no problem making phone calls but was curious if it’s normal to call to just get numbers and if they would even give it to you. And you’re calling to get info for every single deal you look at?

@Bjorn Ahlblad

Hey thanks for the quick response, I appreciate your help. Now if you can’t get them from the listing agent how do you find the correct numbers?

Hey BP! New investor here and I’m wondering how you guys call listing agents on sites like LoopNet. I have other investors interested in properties so I want to be able to call and have the right numbers before I present a deal. Will they give you occupancy rate, insurance and property tax info, maintenance and repair costs, current rents, etc. I just don’t want to make a fool out of myself when I start banging out phone calls. Thanks so much and I look forward to hearing your experiences!

I am generally new in the real estate investing world but I want to get my hands on a multi family property. I have too low of an income to qualify for a large loan at this time and no money to put down. My question is if I can find a private lender to fund my down payment and use seller finance as the "bank". I understand that by doing this, my private lender would be receiving all of the cash flow and I would put nothing in my pocket for the length of the private loan. I am aware that eventually after minor repairs I can refinance and pay off both the seller and my private lender. What is the best option and how do I get them to understand that one of them will have to have 2nd priority lien? I've gotten very creative given the position I am in and I will not go for SFH even though I know that is an option. I have my mind set on moderate to large multi family. I am an open book other than that and I would really appreciate any insight. I am a married 21 year old Veteran with 2 kids and i want to be able to start young and teach other people about what I've learned. I'm obsessed with real estate and I would appreciate any advise! Thank you!