Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Corey Graham

Corey Graham has started 6 posts and replied 10 times.

Post: Property in West Jefferson NC

Corey GrahamPosted
  • Investor
  • Jacksonville, FL
  • Posts 12
  • Votes 0

Hey guys I have a property that a family member is looking to get rid of. I have a very motivated seller looking to sell fast. It is right by Boone NC sitting on 2 acres. Anyone know of anyone looking in the area?

Post: Real Estate video editing

Corey GrahamPosted
  • Investor
  • Jacksonville, FL
  • Posts 12
  • Votes 0

Hey guys,

I am a real estate video editor in Jacksonville FL, has any agent or investor seen their video close faster with a video presentation included for the listing agents?

Post: Mentor/advice/newbie on a mission

Corey GrahamPosted
  • Investor
  • Jacksonville, FL
  • Posts 12
  • Votes 0

I feel you on the analysis paralysis I started out by getting my Real Estate license so I could learn as much as I could about the Real estate process. To answer your quesetions:

1. Define your strategy are you going to need to wholesale to get funds or do you have the funds to go all in? And does your strategy going to be fix & flip? buy & hold? str's or mtr's? wholesale? BRRRR? get hyperfocused on one strategy and run with that.

2. I have found some on here but I mean honestly just networking on proper social networks and going to your local investor's meetings. I have found a few lenders that way. Linkedin, google, facebook they are everywhere really. 

3. Again this depends on the strategy, you can really go either way with this but typically once you present a lender with a deal and it makes sense people have no problem funding I promise that. 

4. No, no different type of funding from my knowledge, but I would talk to a RE attorney about this cause foreclosures you have to deal with the courts so they would probably be a good resource. 

5. Tax deeds are the way to go period! get yourself a property through auction! 

Quote from @Chris Seveney:
Quote from @Corey Graham:

Hello Fellow Investors, 

I am looking for some guidance, I am building a proposal to present to investors. But I am curious from people who have some experience or have partnered with others who provided the capital how was that experience? What returns did the investor expect to see? And did you see a benefit working with this investor vs a hard money lender? I want to explore all sides of this. I want to use leverage but I also want to make sure that there is a win across the board. If need be I can use my own money, but I would prefer to keep my cash. 


 We have done both and both have their positives and negatives. 

Pros of Getting a HML: You retain ownership: One of the key advantages of securing a hard money loan is that you retain full ownership and control over the property. By opting for a loan, investors maintain autonomy in decision-making processes and have the flexibility to execute their strategies without interference from external stakeholders.

Cons of Getting a Loan: Debt Burden: Taking on a loan means incurring debt, which can increase financial risk.You must carefully assess their ability to repay the loan, considering potential market fluctuations, vacancy rates, and unexpected expenses. Defaulting on loan payments could result in severe consequences, such as foreclosure or damage to credit ratings as well as most HML require a personal guarantee so your personal assets could be at risk.

Pros of Giving Up Equity: Shared Risk: By bringing in equity partners, you can distribute the risk associated with the investment. Sharing the financial burden can provide a sense of security and reduce the impact of any potential losses. Additionally, having multiple stakeholders can lead to collaborative decision-making and the pooling of expertise, strengthening the overall project.

    Cons of Giving Up Equity: Sharing Returns: By giving up equity, you agree to share the future profits and appreciation of the property. This reduced ownership stake may impact the overall financial gains from the investment.

    No right or wrong answer, go with what you are more comfortable with.


                 Thank you for this, trust the gut. Appreciate it! 

                Post: Better to buy or rent for the year?

                Corey GrahamPosted
                • Investor
                • Jacksonville, FL
                • Posts 12
                • Votes 0

                Hey fellow investors,

                From your experience is it better to purchase a home or rent a home for the year when doing the mid term rental strategy? 

                Post: Partnering with investor vs. Hard Money Loan

                Corey GrahamPosted
                • Investor
                • Jacksonville, FL
                • Posts 12
                • Votes 0
                Quote from @Joseph Neri:

                It depends it comes down to Time, Money and Knowledge. If you are doing everything then ill probably offer 8-10%. I've done 50/50, 8-10% return, and private money/hard money. If you have access to cheaper money with less risk then I would go that route.  


                Okay makes sense. It basically depends on the sweat equity I'm looking to put in and what they are willing to offer and weigh the risk with each option. Thank you for your response! 

                Post: Partnering with investor vs. Hard Money Loan

                Corey GrahamPosted
                • Investor
                • Jacksonville, FL
                • Posts 12
                • Votes 0
                Quote from @Mason Liu:

                Hey Corey,

                Personally, I prefer to utilize local banks and/or hard money to complete deals rather than private money. For partnering with others, you have the option of splitting equity, or giving them a fixed rate of return on their capital in the form of private debt. Nowadays I'm seeing roughly 9-12% cost of capital when partnering with other individuals in the form of borrowing private money. The reason why I prefer local banks or hard money is because as long as the deal pencils out, they don't care as much about the day to day operations of the deal. They also have a lot more experience with such deals in general.

                I only like to partner with someone if I forsee their being a potential of future partnerships that lead to higher scales of economy down the road. For one off deals, you'd have to 1) make sure you both are on the same page and have it in writing on every detail and 2) be prepared for a lot more potential drama throughout the deal if the other partner has concerns or doubts, especially if the deal gets a bit more bumpy.


                Hope this helps. By the way I invest just south of Jacksonville, in the St Johns County area. Would be great to connect!


                 This helped a lot and I appreciate the response! I want to develop those relationships with potential equity partners, but I would also like to just keep it strictly with the numbers and keep the day to day operations currently with my partner only so I appreciate this wisdom.I would love to connect, I'm always in the Beachwalk area or in St. Augustine I love it down in St. Johns! 

                Post: Partnering with investor vs. Hard Money Loan

                Corey GrahamPosted
                • Investor
                • Jacksonville, FL
                • Posts 12
                • Votes 0

                Hello Fellow Investors,

                I am looking for some guidance, I am building a proposal to present to investors. But I am curious from people who have some experience or have partnered with others who provided the capital how was that experience? What returns did the investor expect to see? And did you see a benefit working with this investor vs a hard money lender? I want to explore all sides of this. I want to use leverage but I also want to make sure that there is a win across the board. If need be I can use my own money, but I would prefer to keep my cash.

                Hello Fellow Investors, 

                I am looking for some guidance, I am building a proposal to present to investors. But I am curious from people who have some experience or have partnered with others who provided the capital how was that experience? What returns did the investor expect to see? And did you see a benefit working with this investor vs a hard money lender? I want to explore all sides of this. I want to use leverage but I also want to make sure that there is a win across the board. If need be I can use my own money, but I would prefer to keep my cash. 

                Post: Sourcing owner financing or lease option deals

                Corey GrahamPosted
                • Investor
                • Jacksonville, FL
                • Posts 12
                • Votes 0

                Hey guys,

                Just wondering because I am a beginner investor, I am currently located in Florida and curious to ask some more experienced investors who have done a creative financed deal particularly an owner financed deal or a lease deal where some of those deals were sourced? Facebook, craigslist, or a typical strategy that worked for them to starting out. 

                Thanks!