All Forum Posts by: Elena Facchinei

lol, the developer said I could bring an investor into the deal or use some of his finacing. I'm also bringing another investor (Strong) who will take out a loan for the 250

Hi, I am BRAND NEW to real estate investment.  I've been an agent for almost a year and closed 3 residential deals. My client is interested in investing in a new-construction build of a 23-unit apt. complex in a great neighborhood in San Diego.  I'm attaching the information. Here is what I know-

$250k Strong (my client) = 1/3 = 7.33 Units Each$250k Elena/Investor = 1/3 = 7.33 Units Each$250k Mike/Builder = 1/3 = 7.33 Units Each
$250k Investment = Profit $2 to 3.3 million.
Purchase $2.2
Build Cost $4.1
Total Cost $6.3
ARV = $12 to 22 million
Profit = $5.7 to $16 million

Construction to take 18 months

I am meeting with a lender and the developer, Mike today. Mike wants my name, my client Strong's name, and his dvp. company on the purchase agreement.  I don't have any liquid cash, so we are to discuss creative financing.  

What questions should I ask?
Should I consider this?
What should I look out for?

Thank you!https://drive.google.com/drive/u/0/folders/1q4nmVmKhA2nkpnB7...

Thank you! This is very helpful- I am going to read up on the different strategies. I appreciate it so much.

Thank you!

Hello!

I am brand new to the space, and I am wondering about loans and down payments.  I just quit my job as a teacher and am building my real estate business... since I no longer have a W-2 job, I most likely will need to use a hard money lender, correct?  What other options are there for me to fund a down payment?

Where do I start to know which type of properties to look for and my price range?

Thanks in advance.

Hi everyone, 

I am so excited and grateful to become a part of this community. I've been listening to the podcast for months, and I am now a Real Estate Agent and looking to start investing.  Right now, I want to learn as much as I can about strategies and the market, and I want to build connections. I am looking to gain as much knowledge and connections as possible, so I feel confident taking the next steps.  If anyone has any tips and sources for beginners or just wants to talk real estate, please let me know!

Thank you :)