All Forum Posts by: Chris Wyche

I'm looking to buy an apartment building/community with using mostly seller financing. For example, if a property is offered at 1,000,000, I would offer the seller full price with 100% financing, making interest only payments for about a year or so while I raise the NOI enough to refi at 75% and give the seller their $1,000,000 with the cash out. Has anybody had success in structuring a deal like this or something similar?

Thanks for the replies guys. From what I'm seeing, about 20-30% is normal. That' not bad if the place is big enough. I have a pretty good handle on finding and analyzing deals. Now I have to figure out how to raise the money. My goal this year is to buy at least 2 large multifamily properties from syndication 

Thanks for the replies. I don't have any experience with bigger deals, but I've owned and managed several profitable 2-4 unit properties since 2009. I'm very familiar with the numbers on those bigger deals though, as I've been studying them since 07

Hey guys. So I'm looking to find a money partner to go in with me on a medium-large multifamily deal. My question is, what kind of profit split is reasonable to propose if someone else is funding the deal, but you find, analyze, and facilitate the deal, as well as manage the property manager?

Thanks @Claire Trammell. Given your credentials, I'm guessing you would know, lol. I actually had a yellow letter typed up on your site ready to send out. I'll change it though

Hey guys! I'm going to start a marketing campaign to buy distressed apartment buildings. My question is what kind of letters are you guys using? Do the typical yellow letters that residential wholesalers use still work in the larger multifamily market (5-50 units)?

My letter was going to be a typical yellow letter in what looks like a hand addressed envelope and what looks like red handwriting in the body of the letter.

Should I go with that or something more formal? 

Good ideal Joel, thank you. I can order the study, or the lender orders it?

Thanks Mike. I think the ground is pretty level.

Hey guys, one more question. How close would a gas station have to be to a property to create a soil contamination problem that would be discovered in an environmental study?

Glad to see you here man. I've known Tamir since I was 2 years old and he's a great guy. Can't wait to see him successful