All Forum Posts by: Geoff Antone

I was looking into that, no so much to Wholesale, but I have seen some REOs that I think could be purchased and resold quickly.

Anybody have thoughts on that?

Anybody know of a RE Investment club in LA that focuses on out of state investing?

Was great episode for sure. Would like to know more about how the investor deals worked out getting when got partners to expand to the 400 properties. 

Hello, 

I'm a bit new to this forum. I recently have been approved for a Chase loan for about 130k. This is a business loan at about 8 percent which is a little high. 

I am considering using this and/or some other loans to do my first flip. I've also been offered a similar loan from Wells Fargo. 

My assistant and I are looking into possible Dallas or San Antonio to do our first flip. Just trying to figure out what options would be best to pay for the first flip. 

I am thinking I could get a 15 year mortgage on a house for the flip, try to get a house for no more that 150 to 170k.  Put the down payment from my own personal funds. Then use some of the loan money to fix up the property. 

Any thoughts on what the best loan option mights be? I could potentially take out both loans at the same time to have access to capital and build my business credit for future loans. I wonder if I take out that first loan I may not be approved for other loans, like a conventional loan. 

Not sure if I should just do a hard money loan that would cover buying the property and a flip instead. 

Three buildings, 38 units in OH.

100% occupied

Same ownership for over 25 years

Asking price = $1.75 M

Actual cap rate = 7.79

Call 626-765-1885 for more information.

Minnesota/St. Paul Area

Absolute NNN (Zero Landlord Responsibilities)

New 15-Year Lease

7.5% Rent Increases every 5-Years

$1,730,770 @ 5.20% Cap Rate

Please contact Geoff Hedgepeth at 626-765-1885 for additional information. 

NNN Lease with National Brand Name Auto Part Store

20 year initial lease term

6% rent increase at year 11

Building size at 7,225 Square Feet

Purchase price: $1,796,517

Cap rate: 5.25%

Call 626-765-1885 for more information. 

Hi Jennifer,

The question is how reliable is the tenant leasing the restaurant space in the building? Are they a national tenant ? How much time is remaining in the lease?

What condition are the unoccupied units in? If there is work to be done on the units how much investment will be needed to pull ad value from the property?

Those are questions you want to ask yourself while considering the property. Reference this BP article https://www.biggerpockets.com/renewsblog/2008/10/0...

The area you are looking into is a hot one. Inglewood has great properties with upside.