All Forum Posts by: Fred Shandler

does anyone have suggestions or strategies on how to arrange private financing for a rental purchase?

^that's exactly what I wanted to know. But one more thing -I'm looking to buy and hold (as opposed to buy/fix/flip), how does this change the way I need to structure this deal?

^thanks for that info. I'm confident in the deals, I just have no idea what a starting point, with regard to terms, would be.

Can anyone share their experiences?

Thanks,
Fred

Hey guys...today I had a conversation with someone (who I distantly know/is a successful entrepreneur) about investing in rental properties. After a bunch of back-and-forth, he said he'd be willing to finance some deals upon further discussion.

Now my questions:
What general terms do private investors typically look for?

What method of buying would potentially be in my best interest -buy, re-fi then repay in a lump sum (considering the deal is good enough to support that) or simply repaying over time?

What is usually the lifespan of this type of loan?

I'll be prepared with a potential deal in hand and numbers to support it, but I need to be better prepared in terms of expectations and ideas.

Any help is greatly appreciated

Thanks,
Fred

What exactly does it mean to buy (for example) 50 cents on the dollar?

Hey Aly..good to see you found a rental, best of luck with it!

-Fred

sounds good, perhaps we'll meet at Aprils meeting (as I'll be missing next weeks meeting). Are your plans to invest in the city?

Welcome Mike..are you a member of the CNY REIA? I started attending last month, it's a pretty good group. I'm from NJ and am planning on doing my investing in Syracuse, good to see someone else with similar interests.

Fred

roughly $75 positive cash flow, per month.

Alright, I just heard back from another lender. The fees are less, but she could only do a 20 year fixed. The property would still cash flow, so it might work. Thoughts?

Thanks
Fred