All Forum Posts by: Sascha Weinberg

@Steve Morris Thanks for your reply - maybe I didnt phrase my question properly. If I am looking to get into REI, what segment of it offers me the best chances to get good deals, where is the competition the stiffest. I get that in every segment there may be good deals to be had, but on a general note, what segment is the least efficient in terms of finding gems?

Hi BP,

I am curious to hear your opinion on this. Take a given City, no matter whether its high prices like San Francisco or lower price points like Cleveland, what is the most/least efficient segment of the market in terms of pricing? I would assume that SFH is the least efficient since a lot of participants might not be too well educated (and might have financial problems every now and then) whereas really big properties with 100+ units as a segment usually only have really well educated and funded participants. I guess you wont find any/as many great deals the bigger an asset gets in size. Do you agree?

Looking forward to your feedback!

Sascha

@James Wachob This is a great list, thanks alot for sharing!!!

First off, I dont mean that question in a disrespectful way, I am just curios. Is it Covid, is the the tighter lending, or is everything going well? I would love to hear what hurdles you experience right now that hold you back. Or are you even seeing great opportunities coming up?

All the best,

Sascha

Thanks, I guess that will be the route to go first. Hopefully, we will be able to get things started.

Thanks for the tip, we will keep that in mind!

Thanks @Stone Saathoff, I truly think the financing side will be a make or break aspect for us. If you have any lenders in your area that you would recommend who do this kind of business, we would be more than happy for recommendations (we know they might not work in Ohio, but who knows, we might find a great location in TX).

Best, 

Sascha

Hi BP,

it has been a long time since I last posted on here and things have changed for me personally as well as professionally. My businesss partner and I would like to finally start investing in U.S. real estate and we are looking for some advice and opinions due to our situation (in the following).

We live in Germany and are both German citizens, we have no credit in the US and do not own any properties there yet. We are looking to get into the business of buy and hold (maybe BRRR) with a focus on cash flow assets, preferably in markets like Cleveland, Kansas City, Indy etc.

Now come the problems/obstacles J

• 1) We plan to set up a corporation (not LLC) for the businesss, since there are major tax implications if we were to form a LCC. Also, we do not plan to buy in our own name. This setup might give us quite a headache from a financing perspective, but what way should we go here? Are portfolio lenders the best way to go, commercial lenders or something completely else?
• 2) Background: My business partner is in the real estate business from almost 20 years and really successful here in Germany, but I would assume that does not help with anything once we start new with a corp, does it?
• 3) We would start with a low six figure amount in cash, what would be a reasonable expectation in terms of loan amount? Would we be able to secure loans in the 75% LTV area or is that not realistic?
• 4) We also thought about starting out with JVs with someone local, would that make a difference in terms of securing a loan (given that we would be in the deal with a corp)?

Thanks in advance to everyone reading this, questions, comments and replies are much apprectiated!

Continued success to everyone!

Sascha

Wow, nice work! I think the kitchen looks awesome!

@Richard C. 

Interesting read, thanks for sharing!