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All Forum Posts by: Jeff Shelton

Jeff Shelton has started 12 posts and replied 36 times.

Post: Need help reviewing closing statement

Jeff SheltonPosted
  • Investor
  • Chula Vista, CA
  • Posts 38
  • Votes 1

can I get your email? I could send you the document 

Post: Need help reviewing closing statement

Jeff SheltonPosted
  • Investor
  • Chula Vista, CA
  • Posts 38
  • Votes 1

Need help analysing my settlement statement, i think i'm

getting ripped off by all these high fees!

Post: Need contractor in Tucson AZ

Jeff SheltonPosted
  • Investor
  • Chula Vista, CA
  • Posts 38
  • Votes 1
I need help finding contractors or handymen in Tucson AZ that are skilled and not expensive. I’m looking to pay 20/hr for small work and maintenance requests from tenants.

Post: Financing for a commercial property

Jeff SheltonPosted
  • Investor
  • Chula Vista, CA
  • Posts 38
  • Votes 1
Tom what kind of loan costs did you pay out of pocket to close ?

Post: Need lenders for a Tucson property

Jeff SheltonPosted
  • Investor
  • Chula Vista, CA
  • Posts 38
  • Votes 1

I need help finding lenders that will loan money in Tucson AZ. Need to pay off seller 335k with a 570k value approximately. Anyone know of any banks or lenders in this area? I need to compare loan costs because the lender I’m dealing with now wants to charge 15-16k in fees including appraisal and phase 1.

Post: Commercial loan costs

Jeff SheltonPosted
  • Investor
  • Chula Vista, CA
  • Posts 38
  • Votes 1
I need help finding lenders that will loan money in Tucson AZ. Need to pay off seller 335k with a 500k value approximately. Anyone know of any banks or lenders in this area? I need to compare loan costs because the lender I’m dealing with now wants to charge 15-16k in fees including appraisal and phase 1.

Post: Looking for down payment funds in exchange for monthly income

Jeff SheltonPosted
  • Investor
  • Chula Vista, CA
  • Posts 38
  • Votes 1
I’d say most likely C class given the condition and cap rate hovering around 8%

Post: Looking for down payment funds in exchange for monthly income

Jeff SheltonPosted
  • Investor
  • Chula Vista, CA
  • Posts 38
  • Votes 1

right now I could only pay for closing costs. If I had more i would buy the property myself. I would hire a professionals management company.

Post: Looking for down payment funds in exchange for monthly income

Jeff SheltonPosted
  • Investor
  • Chula Vista, CA
  • Posts 38
  • Votes 1

YES, there are 2, one in Phoenix and one in Tucson , both are about between 900k-1m, would need about 200k to close . Phoenix is a 16 unit and Tucson is 24 unit. I can send financials .

Post: Looking for down payment funds in exchange for monthly income

Jeff SheltonPosted
  • Investor
  • Chula Vista, CA
  • Posts 38
  • Votes 1

I am an experienced real estate investor in San Diego and am looking to invest with a partner who would bring down payment cash to the table in exchange for a 50% split in monthly cashflow from properties located in Arizona or other high yield MSAs. I currently own an 8 unit complex in Tucson and would deal with all managers, vendors, contractors, accountants, lawyers etc and wouldn’t handle any daily operation demand and of the asset.