All Forum Posts by: Garen Lafser

Hi All,

Thanks in advance.  Does anyone have a purchase & sale agreement they would be willing to share?  I'd appreciate it, thanks!

Would love to see some before and after pictures!

Hi all,

I've had my own brokerage for a while now but have not added any agents/brokers yet.  I am going to be adding a few agents in the next few weeks and was hoping that someone might have a Independent Contractor Agreement that I could review to give some basics to my attorney.  It would be great if it dealt with commercial and residential properties.  My firm does primarily commercial deals with some residential transactions.  I know these are state specific usually, but I believe there should be some basic principals regardless of the State - I am in Missouri.  Any help is much appreciated!

Thanks in advance!

Yes I used them on a flip last year.  We’re great to work with.  Greg, the owner, was great.  Slightly expensive, but funded fast and easy to work with.

I am co-listing an OFF MARKET mixed use property in St. Louis City located in the Grove and as close as you can get to CORTEX. Fully leased, with a national credit NNN tenant in the first floor retail space. Two apartments on the second floor. Annual income is $36,960 with expenses at $3,064. NOI is $33,896. This neighborhood is appreciating extremely quickly. If you aren't familiar with the area, the Grove is red hot right now and CORTEX is expanding with a $170 million development with office space, hotels, and retail. If you aren't familiar with CORTEX it's a tech hub that will total $2.1 Billion in development costs in midtown St. Louis. Microsoft is moving in to the area as well. This is an excellent investment option and a great buy and hold. Sale price is $500,000. Message me for more details. If you are in the area, do not disturb the tenants! They are unaware of the sale.

View more details at this link:  https://drive.google.com/a/salientrealtygroup.com/file/d/0B8j7pN9vBAs_S200Wjg2cGRxV3M/view?usp=sharing

Call with any questions, this one will move quickly.  314-374-3687 or email me at [email protected]

Thanks,

Garen Lafser

Salient Realty Group, LLC

President and Designated Broker

314-374-3687

www.salientrealtygroup.com

Hey Kyle,

Right now it is a wild, wild seller's market.  I am helping my sister in law try to find a house.  We have had 3 situations in the last few weeks where we were up against as many as 20 offers on day one of the listing.  With that said, its a great market for flipping if you can find a good deal on acquisition.

I also work with a lot of developers in the city, and the apartment market is fantastic.  Great cap rates, and decently low vacancies.  

I think the real estate market in general is great right now.  Hard to tell how long it will last.  A little tough to find deals though.  

Hello all,

Thanks for your time in advance. I am closing on a house this Friday (February 3, 2017). It will be purchased with all cash for $105,000. I am looking to partner with a private lender who will lend $70,000 (roughly 64% LTV). The lender will have first position on the home that is valued conservatively between $110-115,000 (comps shown in dropbox link below). The lender will continue to have first position until the rehab is complete. Expected ARV is $190,000+ (comps shown in dropbox link below). If the property does not sell for whatever reason and the lender's loan is not paid in full, the lender will have bought a $190,000 house for $70,000. Here are the terms I am seeking:

• $70,000 Loan
• 8% Annualized Interest
• 6 Months Interest Only
• Option for 1 month extension for 1% of loan amount

The property is in St. Louis, MO in the Maryland Heights neighborhood.  The house is 3 bd/ 2 ba and 1,218 SF.  If you are interested in pursuing this deal, I can elaborate on my scope of work for the property.  The property is in a great area with rising home prices and great schools, including an award winning public elementary school which is about 500 ft away.  Please take notice of the Days on Market on the comps found in the dropbox link.  Property here typically sells very quickly.

Please feel free to reach out to me with any questions.  I can be reached at 314-374-3687 or via email at [email protected]. 

DropBox Link: 

https://www.dropbox.com/s/6t9fsfz2jm6vhcu/12533%20Glenbush%20Financing%20Offer.pdf?dl=0

Thank you for you time,

Garen Lafser

 Thanks!  Sounded a little strange to give them a call regarding this.  Will do and appreciate the inforamtion!

 Thanks JD.  So actually dial 911 and ask?  

Thanks a bunch Joel!  I'll try and contact the City's planning department and see where that gets me.  Really appreciate it