All Forum Posts by: Daniel Coleman

@Ryan Herting you answer my question perfectly, my question was do they group them under one loan or each property individually?

Do bigger companies that invest in real estate finance many multi-family properties all at once or do they finance some, buy some?

Best advice I've ever received, thank you so much.

I have a great deal on the table with upside returns but I have had the hardest time finding equity partner, it’s a big development deal.

So here is my question and I also will throw out some methods I am possibly taking. I am looking for partnership on a town-home Community that i am constructing, I want to know ways i can find an investor that i can trust and is looking to make a good project, this is a big project that profits are estimated at 3 million plus. I am also considering partnering with a bigger company such as west gate, Hilton or a brand to that magnitude. This deal is really fantastic so give some brainstorming idea also if you are interested lets talk as well, drop your email. I have whole packet.

@Russell Brazil thank you my good friend, I am a young Jedi who one day will become a master so I appreciate that my good friend.

What is great rental property in terms of ingredients for example:

What is a good Cash on Cash Percentage?

What is a good Cap Rate?

What are key characteristics of a good property? (your expenses should never be this percentage of your income)

Explain the 1% rule?

A friend of mines is working with a capital firm, he is going up for financing with a bank, the question that he asked is can his development fee be added to the construction estimation or can a development be apart of the loan? So for example, if the development fee is $20,000 and the construction cost $120,000 then construction would be $140,000? Does the bank pay a developer fee? And this is his project.

So me and a friend were talking today while driving past this piece of land, the land had trees and had not been development so the question arose, how does one obtain a piece of land that has maybe trees on or is undeveloped? is land sold on places already considered developed?

So I am a new and young real estate developer however I am student at heart and I enjoy here from you guys, y’all have a lot more experience then I do so my questions is this what is all the approvals and permits needed to develop something new from site selection to actual construction? And please share some advice for a new developer.