All Forum Posts by: Frank Trigoso

Hello @Phil Bottfeld, 

I will message you to.

Hello BP Family,

It it is easier to raise 1 million than it is to save 1 million said Robert Kiyosaki. I have two jobs for two years, stacking up funds. Yes, it has worked; thus, I have fallen in love with creative finance. To raise money is an ART. 

I seek OPM and wonder what resources have you used to make deals. I have skin in the game, experience, and time. I have looked over 100 deals and broken down an immense of deals with the Biggerpockets calculator. 

Zillow is not accurate. One deal it states $1300 per month; however, I earn a larger amount than that.

I have a property that is 9 bedrooms and four bathrooms. Message me if interested in striking a deal. 

I will prefer a empty property than a headache. I go by two things; subjective and objective. If it doesn't make me feel good then I won't do the deal. If you can't find the win-win solution, walk away. You hold the cards my friend. 

@Nat C. any updates? 

@Maggie L. I love St. Louis. I am schedule to visit St. Louis in April. I will be happy to have a discussion. 

Explain to her the difference between good and bad debt. This comes back to sales. You need to sell her the idea that you will purchase a larger car with the cash flow of the next property. That is what I will do.

I will consider out of state. California will be the first state that will crash. Prices to high. They approved health insurance for all immigrants, which leads to higher taxes.

You should use the rental calculator and adjust the numbers to understand on how the deal could make sense. You will find high and low cash flows over here in Miami. All depends on the deal, and it's math.

I am somewhat in the same position as you. You need to sell yourself (persuade) and the deal. Your skin in the game is that you will manage the deal (time is money). However, two units is not much of a bang for the investor to earn his/her  money back. You need to find a deal that the numbers are conservative, value add play, and three exit strategies for the worse case scenarios. Do your best to make it hard for the investor to say no. Offer mortgage interest only, 65/35 of equity when sold (investor receives 65%), even share a % of cash flow if needed. 

Yes, it is possible but you need to bring skin to the game and that is by bringing value to the deal besides just being able to find the deal.

You could use collateral of someone you may know to help support the LTV or show some skin in the game. Look into portfolio loans, homepath loans, or find a partnership. Real Estate is all about sales. You need to sell your deal and yourself. Sell or be sold.