All Forum Posts by: Linda Govan

Contact Realtors and network to see if they have any clients who would be ineterested. You want clients that have credit issues. Create a landing page to market for rent to own clientele

@Joshua D.,

Great and honest post...Kudos to you overcoming your challenges and triumph in Real Estate.  I think like some others on here have said.  You both need to take a look at your financial model that you have built. Just like a business plan, reshape for your next chapter and get the Mrs involved on the matter.  If it takes her going to see a financial advisor then do it.  Please don't let $$$ come in the way of your marriage.  I do think one of you all having a W-2 position is good for future endeavors but who will hold that title should be a huge thinking process between the two of you.  Please go and talk to an accountant for some strategic planning.  Best Wishes to you and the Mrs.

What is your buildings legal description and compariable square footage on the building?

I go to Chicago Action Investors and Urban Rehabbers. These two are my favorite but there are others that I attend that are worth while. Lets connect Raj.

@Gino Barbaro, how do find a syndication lawyer in your area to arrange the structure of partnership?  This is my first time hearing about a that specializes in Syndication arrangements.  This is a great thread by the way with great notes to take away.  Good luck @Jordan Hamilton sounds like this could be a sweet deal to start with and get some credibility.  

This is a great thread.  How can you get true comps for these commercial deals?  I current use loop net for looking at recent sales and sometimes it's hard to find recent sales.  What is the rule of thumb when dealing with smaller buildings up to 10 units that the owner can't provide the T-12 numbers? @Mike Dymski, How do you suggest approaching the disagreement with proforma vs actual findings of the deal without ruining your negotiations with the potential seller?  You mentioned "guiding them to your objectives". 

@Chris Tracy,

That would be great to hear how you got started.  I am definitely taking in as much information as I can.  Please let me know when is a good time for you.  Thank you again for the offer.  Also, thank you@ Grant Rothenburger for your input.  I have been reading on other threads about this same scenario and it sounds promising.  

@Gino Barbaro,

How do you get the credibility as a syndicator to start raising capital for a project?  I just listened to Brian Adams podcast on BP #136 and he was speaking on raising capital on these deals.  How does one really present these deals to the affluent and raise the capital without any skin in the deal?  I have one in Chicago, IL that I have been keeping an eye one for months and no serious buyers thus far.  Thanks in advance for your response.

What is the update on the "Pro" promotional code?  

Hello BP Community,

I am in the Chicagoland Market and I am really trying to find a private lender to work with on some flip deals.  I have been propositioned a few times with some new ways of getting started.  I just wanted some others opinions on these partnership offers I have come across.  *Credit Partners in which I will become a credit partner on some flips to build up my name to a lender and receive a small portion of the proceeds.  Loan origination fees 15% points on the loan 3% 4-6 month duration and to cover rehab cost taking out lines of credit.  I wanted to know how common is these credit partner contracts in real strategies to flip real estate?  It seems like this is could potentially be an excessive debt to take on all of one 15% loan origination fees?  Is that a fair interest rate for hard money?  Any feedback is appreciated from investors who have knowledge of dealing with hard money lenders for the first time or actual hard money lenders themselves.  Thanks BP