All Forum Posts by: Dominic Richardson

@Dominic Richardson Per the other input, I think we need more info. 

First and foremost, are you talking about private debt? Or private equity financing? That will change the answers a lot. And as @Robin Simon, stated what type of deal is this? 

Generally speaking in partnerships, and in all investments, people are looking for the best risk-adjusted returns. So if you're buying a stabilized cash flowing asset, the returns you'd have to offer a PML would be lower. If you're doing a risky flip, the return requirements will be higher. 

Probably need more information, especially regarding type of real estate investment because its going to definitely differ dramatically, some thoughts:

-If its for a rehab "Fix and flip" - definitely more about value, experience, timeline

-You are mentioning more about rental property metrics - if so, is this SFR or small residential or commercial? Cap Rates really don't apply to residential so drivers are going to be much more about credit and value - if commercial, its a whole different thing - more about cap rate cash flow metrics etc

If you are a PML or Money Partner, what do you look for when someone brings you a "deal"?

Is it Cash Flow, Cap Rate, COC, all three or something else?

If it's cash flow, what is the target amount? 

If its COC return, what is the target?

I understand everyone looks for something different in a deal. But I want to set some parameters when I analysis a property based on  your feedback, so when I find a deal its more appealing when I present it to a PML or Money Partner. 

Thanks in advance! 

 Agent, never use them, they do not have the deals. ALL my deals for the last 10 years have been off market. I got two yesterday   off market 

Hey Dominic,

Columbus, Ohio is a great market to consider if you're leaning towards appreciation. Multiple, billion dollar companies are investing heavy in our area, such as Intel, Google, and Amazon. Which will bring plenty of other investors and general business to the area. I moved here from Florida after seeing the projected growth.

 Cleveland of course. It's been # 1 for many years overall and still in the top 3. I used to buy all in the best areas 35k, with 1200 in rent. Now those same props are 110- 165k, (VERY dumb on my behalf to not keep 50 or so more of the 500, yes 500 I flipped there, HUGE mistake) I just picked up a 3 /2 all in full reno 70k, rented sec 8 1300, going to 1500- 1600. Duplex this week all in under 90k, rented for 20k, and going higher. So, I am not certain but where else can you get this? 

All the best