All Forum Posts by: Harvey Yergin IV

@Chase Vance

This is a meetup for investors with 5 deals or less! We understand that other meetups and associations can be intimidating. Sometimes it feels like everyone in the room knows WAY more than you do. It can be embarrassing to speak up, ask questions or network. Not here. At this meetup, everyone is new. We'll support and encourage each other. We'll problem solve and grow together. 

*This is a feeler event to gauge interest* 

Turns out, my county auditor site has nifty data mining tools! Yay Ohio!

If you're going to refi your live-in FLIP, do it while you're there. The terms change once you move out and your access to your own equity will decrease by 15-20%. (I learned this the hard way :( )

Did you wind up using them, @Bruce Corna

Hello BP - 

I would like to market directly to local owners who do not occupy their properties. Where is the best place to acquire a list of non-owner occupants with their contact info?

Thank you!

@Theo Hicks just to be clear.... The 8% preferred return is 8% of their total cash outlay/investment and NOT 8% of the cash flow after OpX and debt service, correct?

@Eric Neith cozy.com is solid. Use it for all applicants.

We are looking to sponsor what will be the largest deal we’ve done to date. We will acquire a commercial loan and raise the downpayment plus CapX from private money investors. This will be out first private money deal and I’m curious on best practices for structure. 80% for investors and 20% for sponsors. This share includes both cash flow and equity. Questions: -Is this a fair and simple structure - Do these plans usually balloon after a given term (ie 5 years) - Are we within reason to charge an acquisition fee and ongoing asset mgmt fee? If so, what percentages are typical for these fees? - Do you have a pitch deck template that you wouldn’t mind sharing?:)

Davit! The VERY best resource you could efficiently absorb is the @BiggerPockets .com podcast (https://www.biggerpockets.com/podcast). 

Not only is there a wealth of information in each episode, you can pick the episodes that are most relevant to your situation AND each guests recommends a real estate and business book. Pair those recommendations with the multiple random recommendations that come up during the episode's conversation and you'll have a massive list of "must reads" within no time.