All Forum Posts by: Jack Berg

Hi everyone. I am looking to put some sweat equity into a colleagues development portion of his business. He has come up through the ranks as a wholesaler, then fix and flip, and now targeting missing middle new construction/development deals.

I'm beginning to research GCs/investors that do this type of work, and figured it'd be worth exploring the BP network.

If you deal in this area directly, or have a connection I could speak to, that would be much appreciated.

At the end of the day I am trying to get round number hard cost estimates on 2-4plex/Townhomes. Thanks in advance.

@Bill B. Great insight. Thank you. I think step one is throw the option on the table and get a temperature reading if it's even a possibility.

@Charles Carillo Thanks for the reply. This is what I am learning is that sellers have different motivations which result in different structures to these deals.

Sounds like I need to establish my preferences, create a rough plan, and also get a handle on the sellers preferences. 

Truthfully I'm hoping that their preference is the scenario you describe - Low down payment. I'm also toying with the idea of a large balloon pmt at the end of a short term. 

Hi everyone, this is my first post on BiggerPockets. If I should move this thread elsewhere, please let me know.

Background: My girlfriend and I currently (Late 20s) rent a Condo from a guy in Denver. We both have steady incomes, enjoy the area, etc. etc. We started this lease in Dec-2023. Upon signing, the LL stated that he'd be looking to sell at the termination of the lease (Apr-2025).

Seeing as I work in real estate development and investment, I saw an opportunity here. The possibility to structure a seller financed deal. LL is original owner - bought/built in 2003, he's an older man, probably looking for the cleanest, easiest exit possible. 

I'm really just looking to connect with someone that has experience with a similar scenario. The outcome remains to be seen - this area (and condo complex) commands top of market rents - maybe a rental property? Maybe a refi at the end of the seller finance period and flip? Maybe live in, remodel, and flip. The list goes on.

Anyway, would love to connect with someone that has experience in this area. Additionally, if anyone has just general tips and things to avoid, that's great too. I'm starting this research, and number crunching early so I can capitalize on this opportunity. Thanks guys!