All Forum Posts by: Nhi Nguyen

Thanks for this post. I signed up about a week ago. Don’t actually have chances to take advantage of the features yet. I can’t get access to Pro forum section only at the moment though. It keeps saying I need pro account for it :).

Super! I'll be there Johnson. I need to get back in the game with you guys :). Been out for sometimes now.

Hey Steven. Welcome back. 

@Johnson H. organises monthly meet-ups.  So check his signature out for the time and date.  I'd probably see you around in one of these.  :)

welcome to BP Dalton. 

Definitely look around the forums for the following:

- search or go to sub forums for the topics/area of your interests: Read up and participate. That's one of the best ways to learn.

- Podcasts marathon: Listen up all if possible. If not, again, search for your interest topic and listen to them.

- Check out the various free ebooks/guides on "Learn" tab. Buy some if possible to support the forum.

- Check out lots of files on "Resources/FilePlace".

What you graduated from?

What's your goal in RE investing?  

Is there anything in particular you'd like to do (in RE) yet (like buy n hold or flipping, etc ...) ?  

In the meantime, it's also helpful to save up toward that first deal! :)

Thanks @J. Martin on the inputs.

I'm having a meeting with the broker today @1:30 (we postponed yesterday meeting) so some of the concerns should be cleared.  But this is what I think:

- Since he's the owner of the project, and a broker too, the listings are automatically his.  It doesn't make a lot of sense otherwise for him.

- He mentioned about a 3% project management fee.  I haven't had a chance to ask him in details what it entails.  But I guess portion of it would probably be the same of that syndication fee Minh was talking about; and also for his effort to manage the whole process.

- Other than that, I think he would have to invest some of his own money in to get his share of the return.

Hey Forrest,

Welcome to BP.  Definitely look around the forums for the following:

- search or go to sub forums for the topics/area of your interests: Read up and participate.  That's one of the best ways to learn.

- Podcasts marathon: Listen up all if possible.  If not, again, search for your interest topic and listen to them.

- Check out the various free ebooks/guides on "Learn" tab.  Buy some if possible to support the forum.

- Check out lots of files on "Resources/FilePlace".

Then, go out and invest on some real estate to further boost the economy :).  

Did you buy it yet J?  How much?

All solid points @J. Martin and I agree.  I know the more cash we invest in the deal, the less stress/risk it would be.  

But if they can only raise so much, construction loan is a must. So I'd still like to come back to my question: Should the broker (or anyone else for that matters) get any % of equity at all just for his/her effort of going out and guarantee a construction loan on the lot for the development?   If so, how much?

Thanks again.

Thanks @J. Martin back to the other thread for this topic if you don't mind :)

Originally posted by @Account Closed:

 The rate on construction loan is much cheaper than 12%. Based on my understanding, the lender will require 40%-50% equity so where is the risk for your broker other than being a loan guarantor? 

 I kinda figured that about the rate for construction loan.  My client got somewhere between 8-10% about 5-6 years back.  I'm just not sure exactly how much.  In my post, I used 12% for ease of calculation.

I'm meeting with the broker next week.  That's one of the questions I plan to ask: how much he'd be in and how he think the split would be structured.

My impression is he would put in at least $500K too, but that's just my speculation.  

On the broker's risk and contribution: That would be one of my question: if he said he'd only be the loan guarantor, how much split should be his?  Better yet: for loan to a partnership, don't all partners have to be guarantors?  

But please help me to respond on the other thread to keep information flows better.  :)  Thanks again a Minh.