All Forum Posts by: Christopher Salerno

So, you favor SFH flipping, and you use the NNN to get the cash. And therefore I suppose my hypothetical money would come in at your step 3? Or do you see it differently. Thank, btw.

Question:

Say, hypothetically, that you were starting from scratch and had $400k or $500k and wanted to start buying single family rental properties. Would you deploy the BRRR strategy? And how/when (if at all) would you finance or refinance? How many do you think you could buy with that amount (and a strategy for moving forward)?

Thanks all. This makes sense to me. And thanks, Brian, for the specifics! I guess I keep looking around thinking, hmmm, the stock market was flat last year, and promises nothing but volatility these days, and here's an option to possibly get 8-10% on a one-year investment. Just seems very tempting. But then again the devil is in the details (the risk of not actually carrying a note when investing in a fund, etc.). 

Hi. Can anyone tell me what to consider when investing in one of these Capital Groups/Lenders, or RE funds? I'm curious as to why more folks aren't parking money here. Historically, a place like Broadmark Capital, which I'm considering, seems to be returning 10-12% annually. I've got other options to invest with a capital group local to me that's promising 12% for a one-year investment. Both companies seem stable and safe, with millions in assets, etc. They lend and acquire property and hold and flip, etc.

Is there a catch here? I'd be very happy with a 9-12% return in one of these funds or vehicles, rather than the stock market.

Any opinions? Any OTHER groups or funds I should know of?

Thanks!!!!

Chris 

Hi. Can anyone tell me what to consider when investing in one of these Capital Groups/Lenders, or RE funds? I'm curious as to why more folks aren't parking money here. Historically, a place like Broadmark Capital, which I'm considering, seems to be returning 10-12% annually. I've got other options to invest with a capital group local to me that's promising 12% for a one-year investment. Both companies seem stable and safe, with millions in assets, etc. They lend and acquire property and hold and flip, etc. 

Is there a catch here? I'd be very happy with a 9-12% return in one of these funds or vehicles, rather than the stock market. 

Any opinions? Any OTHER groups or funds I should know of?

Thanks!!!!

Chris 

Hi:

As I gear up for investing/lending, I'm looking for a good lawyer specializing in various real estate investment processes. Anyone have any good recommendations in the area of Montclair/Caldwell/Verona/Bloomfield area of New Jersey?

Thanks!

Chris 

Hi. I'm interested in investing passively by supplying general business loans to Fix/Flip/RE companies with an established record, who are looking for capital investments. Any such in NJ that anyone knows of? I'm less interested in specific deals/properties, but rather I'd be more interested in setting a quarterly rate of return and investing by making general loans to the business. 

Anyone with experience doing this? Any of these companies that folks know of in NJ/NYC

Thanks!

Chris

Thanks, everyone, for your thoughtful responses. Very helpful as I move forward with Self Directed IRA and Hard Money Lending. Cheers, Chris

Hi, Folks. Any advice for someone looking to get into the lending of Hard Money in Northern New Jersey? I don't know anyone in real estate here. 

Thanks,

Chris

Thank you both so much! I suppose what I'm asking, too, is whether it's possible to NOT have to go with a Self Directed IRA company at all--to roll the money into something like a TD account, and not have to pay custodial fees as high as one would with a Self Directed IRA Specialist. Does this make sense? That I could sort of act as my own facilitator, if there's a very baseline kind of custodian scenario.