All Forum Posts by: Linda Govan

@Aejandro Arreola, Do you have a commercial tenant in place?  The commercial portion of that deal is the scary part for me while dealing with this pandemic.  Best of luck to you.  

Hello BP Community,

I wanted from people who have been successful raising capital from others to invest with.  I myself am looking for individuals who are looking to be money partners with me and we invest together.  I already have a couple of deals in mind and have already had a general contractor out.  I am next putting together a project for people to see the numbers on the deal and the strategies for them.  How are others that have been successful raising private money; What is your approach for capital?  Thanks for any responses on this matter as I am looking for some ideas on how to fund my deals going further.  

@Krishnan B. Menon,

Have you tried looking at some smaller banks like MB or PNC to consult about investor financing. Some of them do have investor friendly loan products for acquisition and rehab.

@Scott P.

@Scott P.

Thank you for the advice.  I am doing research in the area finding companies who are building and rehabbing within the area.  

@Kevin Sobilo,

Thank you for your input.  I am reviewing the link you sent as well.  

Hello BP community,

I have been in negotiations with an owner of some 2 adjacent lots within an opportunity zone area.  I wanted to know since I have never done development of land; what do you as a developer look for when analyzing vacant lots?  How much particularly are you paying to for soft cost just to get such a project going?  Who should be your go to person to get the ball rolling on such a project?  How much per buildable sq ft should I be considering to pay?  I know I am missing a lot of other vital information that needs to be considered so I am reaching out in hopes of hearing from seasoned investors and learning more about vacant lot development.  Thanks in advance for any responses I get.

Great podcast with Monick Halm.  I am now in her 7-day challenge to get and she really is motivating for women in real estate.  One of the best podcast I've heard this year.  Thanks, Biggerpockets, and Monick

I used the free trial and found it beneficial in one case but the rest of my searches were a day late and short of the information, I needed.  Even some of the comps were all over the place but, if you are just looking to get a start on areas of research for your investment needs its good.  I just can't get with how they lock you into a yearly subscription and you can upgrade but can't downgrade at any time.  It's pretty expensive and new so either your gonna roll with the "kinks" in the system for now or find better data elsewhere.  MY $0.02  Happy Investing BP

Hello BP,

I am looking at a deal in Illinois where it's an owner that has 3 commercial building with residential up top and commercial storefronts at the bottom of these buildings.  I really would not be interested in the commercial portions of the deal and was wondering has anyone ever heard of splitting the parcels on the property so that the residential has its own pin number from the commercial spaces?  Also, these properties have a lot of debt on them as well and the commercial spaces 5 out 11 of them are rented but tenants don't pay consistently to the owners and the big problem is "there are no tenants in any of these buildings for the residential.  Has anyone have experience dealing with commercial/residential deals I would love to hear your stories on how to get these types of deals done.  Thanks in advance  

At the point the home isn't liveable you will need to solicite for buyers. If you are wholesaling you should always market for buyers and know what they are willing to purchase. Its no need to tie up people homes under contract and you haven't sourced any buyers for those types of deals. Some rehabbers do like a good "term" lease option deal