All Forum Posts by: Elvin Green

@Cole Bigbee Actually we have spoken, he knows that I’m new to this. I actually approached him asking about a property across from his building and that’s what’s sparked the conversation to later find that he’s a private investor and develops. So I’m, more so seeking the next step. Delivering packages, I saw a comer lot for sale in a nice area around high end student living and residential homes. Just down the street maybe half a mile, is a new community comprised of 20 brand new townhomes. So I figured you can build a smaller community of like 6-8 homes or a retail market with an apt above it. It’s built to suit retail,office or commercial. It’s a 1 acre comer lot. So I get to learn the market and at the same time, bring it to him to just basically analyze it and see if it make sense to build; I’m more of a hands on person so I like to engulf myself into w/e I’m diving into.

@Cole Bigbee Do you have any books or articles that you’ve read that’s helped you along your journey ? I plan to have him as a mentor, but I’m sure he would like me to have a little education on the matter before fully committing to be my mentor. I appreciate the insight you’ve shared.

@Greg Dickerson Thank you, I appreciate the info. I will do my due diligence and return with any questions I may have.

Good morning, I've made a network with a private investor who invest in CRE. What are some ways to analyze commercial properties? I live in Baton Rouge where there is mass opportunity for commercial building. From a small shopping center to a small multi family unit community. I'm also aware of opportunity zones around the city. How I begin to add value to him and be of service ? I deliver packages through amazon so I'm literally everywhere. Any suggestions and direction would be extremely helpful. I have a vision of developing my own community; I'm at the very ground level, but if I can add value to not his portfolio but my beginning one, I'll be on the right path !! Thanks to all comments and suggestions !!!

@Andrew Postell woah !!! Firstly, I appreciate you taking your time out to type that out. Secondly, I figured upfront cash would be needed. But that would be an issue. I would have to get a wholesale deal to supply capital. But this is why I'm exploring creative options while having investors with "e-money"... Would there be any programs I/we could use on getting a property such as a HUD home. If there was a way we could get a HUD, we could cash flow to start the return of funds process and then decide from there what to do with the property as in dropping it in the investors portfolio or sale it within the year, rinse and repeat. Am I in the ballpark ?

@Andrew Postell True !! Apt complexes are a bit ambitious at this early stage. I was thinking more of rental properties(BH) and FF. Also dealing with land because here in the Baton Rouge market, custom builds are the trends.

Good morning, not sure if this is in the correct blogosphere, but please direct me if you could.

I’m looking into properties and development. I have some friends whom have given me the ok I’m using them as private investors. They both have credit scores past 700. How could we come together and create funding to invest in properties? What steps should be taken ? What would be the best way to proceed. Thanks to all who responds.

-Ambitious Investors

@Dave Rav it turned out that the owner owns it free and clear. So that helped DRAMATICALLY... We are looking to get the deal inked Monday. We had an appointment with them yesterday and giving them the weekend to think on it. No others has inquired because it’s an off market deal (no one looks for those). He’s elder and ready to seek and can’t really work inside the home anymore and the contractor left him.

@Dave Rav Literally have the same thing happening. How much is your ARV?

@Greg Dickerson He answered a Direct Mailer, that’s pretty low on the scale of who you call first to buy a nice home. He could have easily ignored it and three it in the trash and just called up a Realtor.

I was honest with him and he understood I’ve been active in investing for about 6 months now but not having made a deal. Yet. It’s tough but you just keep going and keep calling prospects. I take it as a motivation to sell and will approach it as such. It being “last property” is just saying you have a home you don’t want to deal with anymore. And the walk around will reveal more insight and the rest of the rehab. I’m not saying he will just give it away, but his tone said ‘if I like the number you can have it’.