All Forum Posts by: Christina Merlo

I have an opportunity to purchase a 2 property wholesale package. I have been using the BRRR calculator on BiggerPockets but am struggling on how to adjust for two properties. Do I run the numbers as if it was one single family with higher percentages for Capex/vacancy/etc with and just add the property taxes/rent, etc as if it were one? That seems like it would be inaccurate? Should I just run two analysis with the purchase price as being "half"? Is there a tool I am not aware of that analyzes multiple properties as one deal? Thanks for any guidance.

I currently have four doors that I have bought with a variety of methods, BRRR, hard money, seller financing, construction loan. I have come up with the down payment for each of these and I am completely tapped. (HELOC is not an option) I am ready to level up my investing but have no way to come up with the next down payment beyond partnering with someone to front the down payment. Everyone always just suggests to ask family and friends but that is also not an avenue I have available to me. I am at a loss to find private lenders to help continue to invest. I do not understand where you find these unicorn people and if I ever did find someone to lend the private money, how to go about structuring the deal as far as interests, paying them back etc.

I am frustrated and stuck and needing some guidance. I appreciate any help you can give. Thank you

Thank you for the guidance. I assumed that the down payment was pretty standards so I appreciate you all confirming that. If I do find a partner for the down payment side, how would you structure that partnership?  

Hello, I am needing a bit of guidance for my first commercial investment property. I've been investing in residential for about a year and a half now. I also own a gym and have been looking for a new building. I finally found one that I would like to purchase and essentially lease back to my gym to use. The lender I contacted is requiring a 15-20% down payment. I went into this investment knowing that I would need to put some money down but wondering if anyone knows some loan packages that might require less money down, or some creative ways to come up with such a big down payment. The building is $575,000 and even if I refinance or heloc my current house I can't come up with the $100k-120k for a down payment. Is this a nonstarter? Should I walk away. I don't know how people get into commercial without having hundreds of thousands in the bank?

Thank you for your help. 

Thank you everyone. She would most definitely file a lawsuit unfortunately. But I will look into a Heloc. Can I take one out against the property to pay her?

My father left my two sisters and me a house. We've been renting it out, splitting the disbursements three ways for a year. One sister wants us to buy her out of the house. Is there a way to take out a loan to pay her without refinancing? We currently own the house free and clear and I know the third sister doesn't want to do that, would rather pay her cash. But I want to keep my cash and use it for a renovation I'm doing and with interest rates low pay her with a smaller loan? Does that make sense? Any thoughts or options I can consider would be much appreciated. Thank you. 

It is a house that I'm hoping to do Airbnb and VRBO

I have a STR that I'm looking to buy out of state. It was listed for 100k I offered 75k he countered with no lower than 90, I offered 85 and he said 87.5k. my partner thinks if I stay firm at 85 he will accept but I'm afraid to lose the deal. Do I risk it for $2500 or just accept and sign. My rough calculations are negligible but he doesn't want me to leave money on the table. I'm not sure what to do.
Also, first time analyzing a STR, do these numbers look ok (the 15k rehab is rolled into the loan) 

Bill thank you for that response. I appreciate it so much. How would I go about finding the step up in cost basis? 

Hello. I have a situation that I am wanting to 1031 exchange and I am reading a lot about the process but not sure if I can do it with the property I have. 

I have two sisters and my father left us two houses. It is stated that the three of us own both houses equally. After a decent amount of strong-arming my sisters are making me essentially sell one of the houses to my sisters husband. He is buying two of us out for $50k cash each. We are closing next week. I assume that I will have to pay capital gains taxes on that sale unless it is 1031. My questions are: can I 1031 if I am only selling my "share" of the house to use it for another investment property. And if so, who do I contact to declare this exchange and get it in the works? The title company? I know I need an intermediary to hold the money for me but how does the entire process actually start. Thank you for your help.