All Forum Posts by: Doug McRae

Ari, when people have above average success there will always be people that try to poke holes in why you have great success. Let it motivate you. Question: I am new and have been told that commercial loans have much higher interest rates. What is your experience with this?

Thanks John! This does help. I was only focusing on my cash on cash return, which would have been around 20% worst case scenario. Still learning! Thanks for the feedback!

I have an investor who has about 150k in cash. We are actually putting an offer in on our first investment today. It's a foreclosure with a ARV of 160, and we offered full asking at 120k. Needs about 10k of work and we are going to rent it for 1,300 a month. Our plan is once we rent out this first property, we are going to refinance and take 110k out and find our next property. And do that over and over again. We formed an LLC and plan to operate completely under it. I am looking for feedback, what do you think of this plan? What would you do differently? What is your advice for this new partnership? And feedback is appreciated!

"..... tumble weeds...."

I have an investor who has about 150k in cash. We are actually putting an offer in on our first investment today. It's a foreclosure with a ARV of 160, and we offered full asking at 120k. Needs about 10k of work and we are going to rent it for 1,300 a month. Our plan is once we rent out this first property, we are going to refinance and take 110k out and find our next property. And do that over and over again. We formed an LLC and plan to operate completely under it. I am looking for feedback, what do you think of this plan? What would you do differently? What is your advice for this new partnership? And feedback is appreciated!

Thanks guys, this is really great feedback. And thanks for breaking it down in numbers. I think we are going to start small with a 200k property with 25% down, fix it up and rent it out. Our ultimate goal is to buy and hold but if a great opportunity comes up and the numbers work we will do a flip. I am new to this community and I truly appreciate the feedback!

If you have $300k to invest, is it better to buy a $300k property all cash or buy 10 properties with 30k down payment? I am just wondering if paying the outrageous finance fees/interest is worth it to gain more properties.