All Forum Posts by: Evan J.

@Darren thanks for the information!  I think I'll be safe and go the family money route.

One quick question: You mention raising money for something I buy as a group purchase--is it any different if a lender lends funds for the purpose of purchasing a specific property?

There are a few properties coming up for auction next month in my area that I'm interested in acquiring through an LLC. I'd like to raise some capital from private lenders in order to fund the deal.

I've put together a prospectus describing the kind of funding I'm looking for (term, interest rate, etc) as well as some information about the properties I'm looking at.

Can I distribute this without the SEC going after me for securities fraud?  I am specifically looking for loans, not selling equity (loans will be secured with the properties as collateral).  Would this violate SEC regulations?  I'm concerned that this might still be considered selling debt securities or bonds.

I do have family and friends who are willing to help me fund deals.  Would it be alright/any different to solicit loan funds from them?

My intent is to buy and hold, but I'll be in a better position to decide once I've been out to see the property.

I haven't upgraded to Pro yet, but I will definitely be using the calculators once I do.

Hi all, this is my first post on BP!

I've been looking at properties for sale a lot lately, but haven't done a lot of thorough analysis.  So I finally sat down and started running numbers.

I'd like to run a little experiment.  I'm putting this property here, and some more experienced people can run their own estimates, numbers etc. and decide it it's a good deal.

The deal:

http://www.zillow.com/homedetails/1324-Railroad-Av...

County Website:

http://gis.fredericksburgva.gov/ParcelViewer/Accou...

Property taxes for this area are $0.82 per $100 of assessed value.

I'll post my own numbers after I get a few responses.  I'm curious to see how my own projections match up with others.

I know the Discover "it" credit card is advertised as a "student" card, which was my first credit card.  I sent in an application no questions asked, and was given a low credit limit, which was all I needed for the purpose of establishing a credit record and building credit.