All Forum Posts by: Jake S.

Hey @Nick Lamagna!   

Would love to connect with you. Sounds like you have very valuable experience and a great established network.

What's your podcast's name?!

I'm going to send you a message about a deal I have in the works currently that sounds like it'd fit your groups goals.

Hey Eric, a couple years back I bought a property on the south side of KC in Belton. It has performed great and I think KC is a great market.

Are you planning on house hacking or will this be just a rental?

Hey Heidi,

A solid broker can send you instant notifications whenever a property in your target market that meets your specifications, comes on the market. I'd recommend connecting with a great broker.

Your second question, what do you mean exactly?

Hey Richard,

Best way to find a mentor is through personal referrals. My mentor has been a priceless asset and I 100% recommend getting one.

If you need a real estate mentor, try going to real estate events through Meetup.com and start networking with those who have success

Hey  @Account Closed!

What type of debt is he getting on this to get a 85% LTV?

What's the projected refinance/hold period for the investors?

What's the projected NOI after improvements are made? I'm assuming investors get 75% equity correct?

Is there a preferred return for the investors? If not, why?

Why does he need $10k upfront? 

Hey Joe, I think I'd avoid getting into this, especially if you are more on the beginner side of things. Without a lot of experience, costs could be through the roof on this property

Hey Dominic! Is the money within the mutual fund, currently a retirement account?

No problem!

@Chris Braudis Jr Interesting. Have you had something like this bid out to see what the cost of doing so would be? We could then determine your ROI on the capital spent.

Hey Joshua! I specialize more in the Multifamily Syndication niche, but my buddy Keith Weinhold at Get Rich Education recently interviewed a nationwide lender (Ridge Lending) and they cover DTI in this episode

https://www.youtube.com/watch?v=TEl_EGKEy1I