All Forum Posts by: Bradley Sindt

Have an investor looking to sell his portfolio of North Omaha single family homes and has two 22-unit apartment buildings. He's got over 90 properties to unload and prefers to sell in a package. Please send direct message for more information.

Buyers and Sellers,

I'm a licensed realtor in Nebraska & Iowa with DVG Realty LLC. I'm experienced with SFR, investment homes, rentals, and multifamily properties. I also work with an investment team under my broker, Jeri Schlickbernd, and we're experienced with listing properties as well as representing buyers.

Please reach me on my cell phone at (712) 789-0518 or send me an email at [email protected]

Due to being self-employed for under 2 years (Real Estate Agent/Investor), lenders have turned me away due to this guideline and I'm looking for alternative routes. I have excellent credit and cash available for a significant downpayment. I'm in the midwest and the deals I'm looking at are under $70k. I have zero debt and somehow am struggling to find funding. A local bank loaned me the money on my first property and it turned out to be a big success. I sold the property 2 months later and made $20k. I'd prefer to not work with a bank and am exploring other options.

If anyone has a suggestion or can provide a lender that would work with someone without 2 years of self-employed income, please let me know!

I recently switched from a job I had out of college as a commodity trader and worked corporate America for almost five years. I then dove head first into real estate. I'm licensed and am also flipping my first deal, which is set to close in the next two weeks. With my previous job, lenders were contacting me to buy house, and ultimately I got pre-approved by 3 different lending institutions and I set up to find a 'house hack'. Long story short, I'm now having a hard time finding financing only because I haven't been a 1099 earner for over two years. I don't even get asked about my credit or about my net worth, earning, etc. Going into this, I knew that it was going to be somewhat more challenging to find lending but didn't think it was to this point. I had to go to a local small town bank to get financing on this first deal, which I bought at an estate auction and was underpriced.  I know there's other avenues and creative financing is available, but people should know finding financing from major lenders isn't always as easy as you may think after you make the switch.

Need some advice here. Just started my own real estate investment company and I'm going to see a property tomorrow that the seller is selling 'as-is' due to a death in the family and the inheritance are looking to sell the property quickly. My family personally knows the previous owner. I'm looking for advise if I should purchase the home under my personal name or under the limited liability company. I'm the sole proprietor owner. I'm planning on living in the property and updating it as well as adding sweat equity to bring it up to standards for renters or potential buyers. I'm getting my real estate license and I may want to rent it out or sell in the future. I know there's advantages and disadvantages for doing this either way. Looking for advise on ways to finance this due to the situation as well as what would make the most sense for purchase under personal or business. This will be my first home purchase and I'm pre-approved from two separate lenders. Comments are appreciated.

Kevin,

Gross profit per month: $1,875

Expenses per month: $655 (includes garbage, water/sewer, taxes, insurance, misc.)

It is a small town and there's not many investors in the area and it's been on the market for almost a year. The seller included the income/expense sheet showing the net $14,500/year. 

First post. 

A 5-plex is for sale in my hometown and I'm a beginner real estate investor. This particular property has been on the market for almost a year and just within the last month, the owners wife has passed away and I've been told the owner wants an offer so he can retire from the rental world. This property is fully occupied and nets a profit around $1450 a month and around $14,500 a year. The town it's in is around 1,000 people and rents range from $250 -$450 a month. (There's one 1-bedroom apts. and two 2-bedrooms) I'm going to look at the 5-plex tomorrow and I'm just curious what I should be looking out for and if that income would be worth taking the risk and responsibility. I am in a position to be the landlord and fix most anything that comes up, as far as fixes, etc. Based on the pictures, the appliances are very outdated and if I could come across used appliances, they would be an upgrade from these current appliances. The asking price is $164k but with this property being on the market this long, I know that I could potentially get it for under $100k. My family is even somewhat familiar with the owner. Based on the numbers, is there anything that I should be aware of before viewing the property tomorrow?