All Forum Posts by: Damion Byros

Read hip hop to home owners by jay Morrison it covers everything and completely free get it with a Google search of his name and the first link subscribe to his email list and you'll recieve but the key words are read read read knowledge is power especially in real estate..also webinars and I would say write down a goal or plan ask your self why do you want to get into real estate and what are your goals ..do you want a large sum of money from flips or streams of money from rentals with tax benifit do you later want to go commercial it's all up to you wish you the best

Is it hard to get a seller or find a deal in which you can get a discount from the asking price of 20 percent ...also what is owner financing

Flips but it really depends on your potential profit and can you force appreciation but if you can flip back up to the profit then flip

Fcvfc

I'm can't wait to dive into the large world of investing especially in real estate market but often times when I'm putting tighter my plan to run with I'm faced with many problems for instance I was planning on buying and holding and then scaling up sailing those properties via a 1031 exchange and using proceeds to get an apartment complex .But the problems I'm often faced with is will I actually be able to sale these multifamilys properties 1-4 units and get financing via FHA as I know they require it to be owner occupant and are real sticklers as the units go up as far as being approved and terms and conditions. So overtime have built up cash flow in which goes into savings account while my rebates pay the rent this will boost my equity in the property as my mortgage payment will be made and hopefully at least recieve 4 percent appreciation. Any insights or other things I should consider thanks much and appreciate all the help.

I would say hire a lawyer and have them moving quick and don't install cameras .. Hopefully this slip and fall won't happen to you again as it is fraud on the tenants behalf best thing I think is to keep quiet lay low and keep a close eye on your property 

LEASEBASIC RENTAL AGREEMENT OR RESIDENTIAL LEASE

This Rental Agreement or Residential Lease shall evidence the complete terms and conditions under which the parties whose signatures appear below have agreed. Landlord/Lessor/Agent, _____________________________, shall be referred to as "OWNER" and Tenant(s)/Lessee, _____________________________, shall be referred to as "RESIDENT." As consideration for this agreement, OWNER agrees to rent/lease to RESIDENT and RESIDENT agrees to rent/lease from OWNER for use solely as a private residence, the premises located at _____________________________________________in the city of __________________________________.

1. TERMS: RESIDENT agrees to pay in advance $______ per month on the ____ day of each month. This agreement shall commence on _____,___ and continue; (check one)
A.__ until _______, ___ as a leasehold. Thereafter it shall become a month-to-month tenancy. If RESIDENT should move from the premises prior to the expiration of this time period, he shall be liable for all rent due until such time that the Residence is occupied by an OWNER approved paying RESIDENT and/or expiration of said time period, whichever is shorter.
B.__ until ____________, ______ on a month-to-month tenancy until either party shall terminate this agreement by giving a written notice of intention to terminate at least 30 days prior to the date of termination.

2. PAYMENTS: Rent and/or other charges are to be paid at such place or method designated by the owner as follows _____________________________________. All payments are to be made by check or money order and cash shall be acceptable. OWNER acknowledges receipt of the First Month's rent of $__________, and a Security Deposit of $__________, and additional charges/fees for ______________________________, for a total payment of $__________. All payments are to be made payable to __________________________________.

3. SECURITY DEPOSITS: The total of the above deposits shall secure compliance with the terms and conditions of this agreement and shall be refunded to RESIDENT within _____ days after the premises have been completely vacated less any amount necessary to pay OWNER; a) any unpaid rent, b) cleaning costs, c) key replacement costs, d) cost for repair of damages to premises and/or common areas above ordinary wear and tear, and e) any other amount legally allowable under the terms of this agreement. A written accounting of said charges shall be presented to RESIDENT within _____ days of move-out. If deposits do not cover such costs and damages, the RESIDENT shall immediately pay said additional costs for damages to OWNER.

4. LATE CHARGE: A late fee of $_____, (not to exceed ___% of the monthly rent), shall be added and due for any payment of rent made after the ____________ of the month. Any dishonored check shall be treated as unpaid rent, and subject to an additional fee of $_________.

5. UTILITIES: RESIDENT agrees to pay all utilities and/or services based upon occupancy of the premises except ____________________________________.

6. OCCUPANTS: Guest(s) staying over 15 days without the written consent of OWNER shall be considered a breach of this agreement. ONLY the following individuals and/or animals, AND NO OTHERS shall occupy the subject residence for more than 15 days unless the expressed written consent of OWNER obtained in advance __________________________________________________.

7. PETS: No animal, fowl, fish, reptile, and/or pet of any kind shall be kept on or about the premises, for any amount of time, without obtaining the prior written consent and meeting the requirements of the OWNER. Such consent if granted, shall be revocable at OWNER'S option upon giving a 30 day written notice. In the event laws are passed or permission is granted to have a pet and/or animal of any kind, an additional deposit in the amount of $_________ shall be required along with additional monthly rent of $_______ along with the signing of OWNER'S Pet Agreement. RESIDENT also agrees to carry insurance deemed appropriate by OWNER to cover possible liability and damages that may be caused by such animals. 

Editor’s Note: The following rankings are based on responses to NREI’s 21st annual Top Lenders Survey and reflect total dollars financed or arranged in commercial real estate during the 2011 calendar year.

This list has been amended to include firms that missed the original deadline.

1. Wells Fargo

Try these out 
Financed in 2011: $43.66 billion
420 Montgomery St.
San Francisco, CA 94104
www.wellsfargo.com/realestate
Officers: Mark Myers, Head of Commercial Real Estate; Ed Blakey, Head of Specialized Lending - Real Estate

2. PNC Real Estate
Financed in 2011: $11.01 billion
249 Fifth Ave.
Pittsburgh, PA 15222-2707
PH: 877.762.7775
www.pnc.com/realestate
Officers: Jim Rohr, Chairman & CEO; Bill Demchak, Vice Chairman

3. MetLife
Financed in 2011: $11.00 billion
200 Park Ave.
New York, NY 10166
PH: 212.578.2211
www.metlife.com/realestate
Officers: Robert Merck, Senior Managing Director, Real Estate Investments; Mark Wilsmann, Managing Director, Real Estate Investments

4. Prudential Mortgage
Capital Co.
Financed in 2011: $9.70 billion
100 Mulberry St., 8GC4
Newark, NJ 07102
PH: 888.263.6800
www.prumortgagecapital.com
Officers: David Twardock, President

5. J.P. Morgan
Financed in 2011: $8.00 billion
383 Madison Ave.
New York, NY 10179
www.jpmorgan.com
Officers: Jamie Dimon, CEO - J.P. Morgan Chase & Co.; Jes Staley, CEO - J.P. Morgan Investment Bank

6. Strategic Alliance Mortgage (SAM)
Financed in 2011: $7.60 billion
7100 East Pleasant Valley - Ste. 350
Cleveland, OH 44131
PH: 216.328.9700
www.samalliance.com
Officers: F. Brock Walter, President; Dennis Bernard, Vice President

7. KeyBank Real Estate Capital
Financed in 2011: $7.29 billion
127 Public Sq.
Cleveland, OH 44114
PH: 888.539.2221
www.key.com
Officers: EJ Burke, Executive Vice President & Head of Key Bank Real Estate Capital; William Hipp, Executive Vice President & Head of Institutional Real Estate & Health Care

8. CBRE Group Inc.
Financed in 2011: $6.14 billion
11150 Santa Monica Blvd., Ste. 1600
Los Angeles, CA 90025
PH: 310.405.8900
www.cbre.com
Officers: Brett White, CEO; Robert Sulentic, President

9. Northwestern Mutual
Financed in 2011: $4.51 billion
720 E. Wisconsin Ave.
Milwaukee, WI 53202
PH: 414.665.2457
www.northwesternmutualrealestate.com
Officers: David Clark, Senior Vice President Real Estate; Mike Cusick, Managing Director - West

10. Cornerstone Real Estate Advisers
Financed in 2011: $4.00 billion
One Financial Plaza
Hartford, CT 06103
PH: 860.509.2219
www.cornerstoneadvisers.com
Officers: David Reilly, CEO; Mark Higgins, President

11. Berkadia
Financed in 2011: $3.91 billion
118 Welsh Rd.
Horsham, PA 19044
PH: 800.446.2226
www.berkadia.com
Officers: Hugh Frater, CEO; Randall Jenson, President & CFO

12. NorthMarq Capital
Financed in 2011: $3.77 billion
3500 American Blvd. W., Ste. 500
Bloomington, MN 55431
PH: 952.356.0080
www.northmarq.com
Officers: Jeff Weidell, President; William Ross, President

13. CWCapital LLC
Financed in 2011: $3.67 billion
One Charles River Pl.
Needham, MA 02494
PH: 781.707.9300
www.cwcapital.com
Officers: Michael D. Berman, CMB, President & CEO; Donald P. King, Managing Director - National Fannie Mae & Freddie Mac

14. Red Mortgage Capital LLC
Financed in 2011: $3.66 billion
Two Miranova Pl., 12th Fl.
Columbus, OH 43215
PH: 800.837.5100
www.redcapitalgroup.com
Officers: Mark C. Beisler, Chairman & CEO; Kenneth H. Bowen, President

15. Walker & Dunlop
Financed in 2011: $3.22 billion
7501 Wisconsin Ave., Ste. 1200E
Bethesda, MD 20814
PH: 301.215.5500
www.walkerdunlop.com
Officers: William M. Walker, Chairman & CEO; Howard W. Smith, COO

16. Natixis Real Estate Capital LLC
Financed in 2011: $3.11 billion
9 W. 57th St., 36th Fl.
New York, NY 10019
PH: 212.891.5700
www.re.natixis.com
Officers: Gregory A. Murphy, Managing Director; Mitch Karig, Vice President

17. Red Mortgage Capital LLC
Financed in 2011: $2.65 billion
Two Miranova Pl., 12th Fl.
Columbus, OH 43215
PH: 800.837.5100
www.redcapitalgroup.com
Officers: Mark C. Beisler, Chairman & CEO; Kenneth H. Bowen, President

18. Pacific Life Insurance Co.
Financed in 2011: $2.63 billion
700 Newport Center Dr.
Newport Beach, Ca 92660
Officers: James Morris, CEO; Khanh Tran, President

19. Grandbridge Real Estate Capital
Financed in 2011: $2.47 billion
200 South College St., Ste. 2100
Charlotte, NC 28202
PH: 704.332.4454
www.gbrecap.com
Officers: Thomas S. Dennard, CEO; David A. Roberts, CMB, President & COO

20. Citi Community Capital
Financed in 2011: $2.29 billion
390 Greenwich St., 2nd Fl.
New York, NY 10013
www.citicommunitycapital.com
Officers: Hal Kuykendall, Managing Director; Steven Fayne, Managing Director

21t. Starwood Property Trust
Financed in 2011: $2.10 billion
591 W. Putnam Ave.
Greenwich, CT 06830
PH: 310.893.2777
www.starwoodpropertytrust.com
Officers: Boyd Fellows, Director & President; Warren de Haan, Chief Originations Officer & Managing Director

21t. Beech Street Capital
Financed in 2011: $2.10 billion
7600 Wisconsin Ave., Ste. 800
Bethesda, MD 20814
PH: 855.933.6667
www.beechstcap.com
Officers: Alan Fishman, Chairman; Grace Huebscher, President & CEO

23. ING Investment Management
Financed in 2011: $2.02 billion
5780 Powers Ferry Rd. NW, Ste. 300
Atlanta, GA 30327
PH: 770.690.4600
www.inginvestment.com
Officers: Jeff Becker, CEO, ING Investment Management US; Christine Hurtsellers, ING IM CIO, Fixed Income & Proprietary Investments

24. M&T Realty Capital Corp.
Financed in 2011: $1.80 billion
25 South Charles St.
Baltimore, MD 20201
PH: 800.737.2344
www.mandtrealtycapital.com
Officers: Tari Flannery, President; Arnold Smeenk, Group Vice President & National Production Manager

25. Principal Real Estate Investors
Financed in 2011: $1.78 billion
801 Grande Ave.
Des Monise, IA 50392
PH: 800.533.1390
www.principalglobal.com
Officers: Patrick Halter, Executive Director, Real Estate; Randy Mundt, President and Chief Investment Officer

using a realtor I think is great because of the access to available properties they can find you and she would prob I'm assuming would manage that new investment property as well. As far as the negotiating goes I don't see it being confusing or causing hardships on your end as you are the purchaser 

is say go with a local management company there out there just google and from the sounds of the prop being in good standing is say keep and rent it out collect your cash flow unless your trying to scale up and need capital to venture into other business ideas