All Forum Posts by: Dan Gandee

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Good Day Joseph!

Lending choices are going to obviously depend on what type of asset you're trying to acquire, for example (distressed property into value add BRRRR), (fix & flip), (STR's) or (long term hold), as all of them are going to require different LTV (loan to value) and costs (fees, repair budget, points, holding costs) to make sense for the underwriting for the lender and yourself as an investor (anticipated cash flow after debt service).

I've got connections to both private and institutional lenders for the following:

DSCR (Debt Service Coverage Ratio)

Portfolio Loans (Buying multiple properties at once)

Fix & Flip (Buy, Repair, List, Sell, Repeat) 

Rental 1-4 Unit Investment Property Loans

Private Money For Bridge Loans, Construction Loans, & Development Deals 

Reach out to the following companies (not in any particular order):

1. Zach Smith at Cetan Funds (Fix&Flip, Bridge, Construction, Midterm)

541-515-0565

2. Matt Powell at Blue Inc. (Fix&Flip, Bridge, Construction, Midterm)

541-521-5321

3. Gabe De La Cruz at Secure Choice Lending (Long Term Rentals, STR's, DSCR's)

541-513-4542

4. Chris Watkins at BorrowSmart (Long Term Rentals, STR's, DSCR's)

(541) 972-3721

The last two people on the list are brokers so they shop loans prices and they are hard to beat when it comes to a million other people telling you to reach out to their "guy" - I've closed dozens of files with a combination of all these lenders at what time or another. I've referred these same individuals to my own clients and family.

Happy to jump on a call and talk about the acquisition side of things. I'm an active investor and broker/team operator with 4-5 investment deals going on at any given time and have millions in holdings. Love helping new investors create a plan and execute. 

Here's my Calendly if you'd like to schedule an investor consultation.

Look forward to possibly chatting and hope all this info helps!

Dan Gandee

Team Owner & Broker

The Operative Group | REAL BROKER

Yo Christopher! I've got a lot of perspective as both an investor in this market and investment broker working with dozens of clients acquiring multifamily, performing flips, running STR's, and performing BRRRR's. I'd love to jump on a call and see how I could help answer your questions you may have. Text me and we can begin dialogue at your leisure- 458.209.0163

Recent survey just released by a major moving company ranked Eugene, OR in the top 20 places people relocate in the entire US. BUT...There comes a bunch of items most investors need to navigate including Phase I, II, and III rental protections, State-Wide rental restrictions, seasonality of STR performance, and the bottomline job market that fuels rental demand. IMO this area needs more corporations and tech money to really push the rental performance to a "Boulder" market comparison. Without this, it will always lack high paying jobs that will in turn keep prices always growing at moderate appreciation (3%-5% Max YoY).

It was slated to be the "Silicon Shire" a few years back, but that has definitely choked out a bit with the tech industry layoffs and economic restrictions. STILL LOTS OF GROWTH, but not exactly the KPI's you want for a Boulder Like economy. From a landscape perspective we have it all (Ocean, Mountains, Wineries, Nightlife, Farm, Fishing) but we need more corporate infusion to really take this city to the next level. Can't lie though - A Great place to live, work, and play! 

From a performance arena we operate in the following metrics:

Cap Rates (3.9-4.3 - A Class Assets, 4.4-5.5 - B Class Assets, 5.5+ Deferred Maintance, Value Add Needs, Repositioning A Must) 

Gross Rent Multipliers (10.0-12.5 Most Deferred CapX, 12.5-15.0 For Most Retail Rentals, 15-17+ for New Construction or A-Class)

1% Rule (0.35-0.45 A/B Assets, 0.45-0.65 Most Retail Rentals, 0.65+ For Heavy Deferred Maintenance But Good Market Rents)

Cash on Cash Return (Always depends on financing vs. cash acquisition, type of asset (STR vs. LTR)

Price Per Unit ($150K-$165K for C+/B- Asset, $165K-$180K for B/A- Asset, $180K< A Class Asset, New Construction, Or 2-4 Unit In General)

Hope this helps anyone as I'm analyzing about 12-15 rentals per week both for my investment firm and brokerage. 

Hey Riley, 

Happy to also jump on a call with you and get acquainted! I second Chris's recommendation and also mentor investors from time to time. We own 3 investment companies and a real estate team that focuses on investment deals. Feel free to send me a DM and we can get something on the books. I will be down in Roseburg in two weeks for a training with two other agents and maybe we can connect then too. 

-Dan Gandee

I agree with Mike on contacting Tia first. I'm also on the Board for ROA with Mike so we deal with these situations all the time. If she can't help you she will refer you to Brian Cox (OG attorney who is very knowledgable) or James A. Gardner (new kid on the block but kick *** attorney when it comes to rentals). 

I don't like when an attorney says "It's straight forward" as there are about a million things you could do to mess it up and put yourself in a financial or legal liability. 

Tia is the beacon of light to your problem. She will get you squared away. 

On side note - Bruce Let's grab coffee or jump on a call sometime as I have a few resources I can share as well when it comes to being a landlord. 

Talk soon!

Hey Seth! I mentor young investors all the time getting started. Half of my real estate team started their journey doing just that. I'd be happy to set up a time to have you shadow me and see what I can do to help. Our company is unique as we have a retail brokerage side, but we own 3 investment companies (Fix & Flip - Out of State, BRRRR, & Commercial Holdings).

Chris Watkins, commenter above is also a must-meet on the lending side and invests himself. Mike as well - Good people and great investors. 

Shoot me a text and I'll send you my Calendly link to set something up.

Cheers,

Dan Gandee

FREE WEBINAR EVENT! Cash Flow BEAST MODE! Crushing Taxes With Cost Segregation Strategies

When? Saturday, January 27th at 10AM!
Where? Streamyard Online Webinar

Jason Cummings is a Senior National Account Executive with CSSI, Cost Segregation Services LLC, the leading Cost Segregation company in the United States. CSSI has completed over 45,000 studies over the last 20 years in all 50 states and across all asset classes of commercial and multifamily investment property. Jason has been with CSSI since 2015 and since that time has helped commercial and multifamily investors in over 20 states apply accelerated depreciation tax savings through an engineer based method of cost segregation. During his free time he enjoys singing karaoke, playing pick-up basketball, weight training and spending time with his 3 nieces and 2 nephews. Jason resides in his college town of Eugene, Oregon. He's very proud to be an Oregon Duck!

Talking Points:

1. Introduction and Background:- Ask about their background and experience in cost segregation.- Inquire about the types of properties they've worked with and their success stories.

2. Cost Segregation Overview:- Explain the basics of cost segregation for the audience's benefit.- Discuss the benefits of cost segregation and its impact on real estate investments.

3. Process and Methodology:- Explore their approach to conducting a cost segregation study.- Inquire about the methods they use to identify components eligible for reclassification.

4. Types of Properties Benefiting Most:- Discuss property types that typically benefit the most from cost segregation studies.- Explore how different property types might require unique approaches to maximize benefits.

5. Tax Implications and Compliance:- Talk about IRS compliance and regulations concerning cost segregation.- Discuss any recent updates or changes in regulations that might impact cost segregation strategies.

6. Client Case Studies:- Share examples or case studies of successful cost segregation projects they've undertaken.- Discuss the specific outcomes and benefits for their clients.

7. Challenges and Limitations:- Address potential challenges or limitations in implementing cost segregation.- Explore instances where cost segregation might not be as effective.

8. Future Trends and Developments:- Discuss any emerging trends or developments in the field of cost segregation.- Explore how technology or industry changes might impact cost segregation studies.

Open Forum Q&A - Limited to the first 250 Registrants 

Sponsored By: The Operative Group | ΓEA⅃ Broker

Co-Founders, Ed Zulyevic & Dan Gandee

Hit me up man! I'm always buying and selling STR's in Oregon. I've got one listed right now in Eugene! It's definitely been a good run, but I think there is still tons of opportunity out there. Great run down on this article and appreciate you sharing this info to the BP community.

Hello Rachel,

We should jump on a call and see if I could help on the mentoring side. Been in this business a while and can share some good insights. 

@Chris Watkins - 100% agree. If you or anyone has questions about value add ADU plays, reach out to me as I've tried to narrow down a few appraisers that can give us better clarity.