All Forum Posts by: Ilya V.

Hi all,

I am looking to purchase a first property together with my brother in law. 

Some of the simple financing deal structures that I have read involved something like 100% financing from one (or a group) of partners in exchange for x% interest and the first position on the lean or 100% financing in exchange for 50% equity (split with the buyer/manager of the property).

Our deal is probably going to be somewhat different. We are both going to put in $40,000 or so and then borrow the rest from the bank. (Maybe up to 75% of the property value, so we can get good leverage). This would be for a buy and hold (maybe long-term sell) property.

I will be doing 100% of the purchasing and management. 

I am looking on suggestions for making an equitable financing arrangement so that it is still attractive to my partner, but I am fairly compensated for the fact that I will be doing 100% of the work. 

Any thoughts?

Thanks @Karen Margrave I will take a look.

Hello all,

I just saw an ad for realtyshares.com. It seems like a way to croud-source real estate investment. I can't get a good feel in the site if it would be useful or more hassle than it's worth. Does anyone have any experience with it?

Ilya

Hi @Daniel Moore ,

It sounds to me like a less than "set" process as it might be with SF where you don't even have to deal with the bank directly if your numbers are good. Would you say there is a strong "feel" element to it? (I.e. is it partially about the presentation, not just the numbers?)

-Ilya

@Daniel Moore , thank you. What size of operation are you talking about that would have these strict requirements? I am not looking to pull a loan for a couple million on my first go, but I would still want to finance a property or two at 70-80% that are 500k and under. Is that realistic, or will they demand experience even for this amount?

Thanks @Brandon Turner Bill's instructions were able to help me. Also I just ordered your book, I am excited to receive it. 

Thanks @Jeff Greenberg , for your insight, this is what I was looking to find out. 

Thanks @Joel Owens , I actually ordered the book and I am waiting for it to come. I would like to also know how the conventional process works.

Can anyone tell me how to change the settings so my full name isn't displayed in the forum? I see some people have just their last initial.