All Forum Posts by: Daniel Toshner

Hi I was wondering if anyone on here has done business with this individual. He is promoting very good owner financed deals of SFRs in bulk in Alabama and SC. Anyone that has worked with would you please DM me! Thanks in advance!

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I wanted to ask a question from some seasoned investors. Little background, I have purchased 9 SFR's through conventional loans with 30-45 day closes. Although, the rates are good and it has been fairly simple, I want an expedited way to acquire more properties at once.

So I guess my questions are. What ways are you guys getting package deals done? Is it commercial loans, private money etc..?

Should I restructured all my conventional loans under 1 commercial loan in order to free up more conventional or what are your thoughts?

Goal is to purchase 20 SFR's in next 24 months but I'm already topped out at the 10 conventional loans which is why these questions are coming up! Please help and thanks in advance!

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Very Similar story here. PM, would love to hear which ones you use as I have 9 as well in KCMO and Ohio

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Victor,

Is PM in place? Could you PM me so we can open conversation

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Hey BP!

As always thanks in advance as I have gotten so much from this forum already!

Anyhow, I have a tenant that is wanting to purchase the rental I own. I have never done an owner finance for a renter so I would just like to know the basics on what to look out for and what to do?

Essentially best practices for ensuring I'm protected from anything and taxes. Thanks!

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I would be investing in cash flow properties for my immediate family and taking a percentage of the cash flow from their properties. (the middle man) These would be all my contacts and my work setup to get these deals for them is what I was thinking... Maybe this helps?

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@George P. I was more wondering should they 1099 me at end of year or what is a way to make a business out of it that shows profit and loss. I trust my family but don't want any tax implications

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Hey BP,

Wanted to reach out and see how some of you have done this... I have started investing and currently have properties. My family is asking to get involved as well and want me to do the investing for them with their money.

What is the best way to get this setup legally?

Any other tips would be greatly appreciated!

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Originally posted by @Karen Schimpf:

@Daniel Toshner

Lenders do not want to hold commercial loans for 30 years. Commercial loans are a higher risk loans than residential and it ties up the lenders ability to lend on more projects and lastly as @Jon Holdman implied when rates go up the lender does not want to be making money on a large project at a lower rate. The terms on 5+ units are typically a 5 year fixed rate, balloons in 5 years and amortizes over 20 to 25 years on loan amounts above $250,000. There are 10 year fixed rates for loan amounts above $1MM. There are new products out that is called the hybrid which means that at the 5 year the loan does not balloon but the rate adjust every month or every 6 months or every year. Also there are now amortizations that will go up to 30 years.

This is great. Which is preferable for investor

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Originally posted by @David Dachtera:

@Daniel Toshner,

A key difference beyond financing is how the property is valued.

SFR thru 4-unit are valued according to recent sales of comparable properties ("comp.'s"). The buyer's credit worthiness plays a key role in financing: one of the various scoring models (FICo, Vantage, etc.), credit history, debt-to-income ratios, etc. When bought by an entity, one or more key principals typically must provide a personal guarantee and pass credit worthiness screening.

5+ units are valued and financed based on their ability to produce income and on the income they produce. Since the buyer is often a business entity credit worthiness is judged by different standards than consumer credit might be: D&B PAYDEX, business credit reporting agencies and their proprietary scoring models, etc.

This was exactly what I was looking for. Thank you

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All Forum Posts by: Daniel Toshner

Daniel Toshner has started 14 posts and replied 65 times.

Post: Charles Lee Birmingham, AL

Post: Package Deals/Commercial Loans?

Post: 9 properties in 5 months via 2x 1031

Post: Contract for Turnkey 20%CAP Triplex in Georgetown, OH

Post: My 1st Owner Financing (Help Needed)

Post: Family Investing with me?

Post: Family Investing with me?

Post: Family Investing with me?

Post: Difference between 4 units or more

Post: Difference between 4 units or more