All Forum Posts by: Jaren Taylor

So you are saying your primary would be, DSCR? Or bridge?

If raising all cash would be my primary method for funding these apartment deals, what would be your guys contingency in order from most preferred to least preferred. And how would that effect your overall plan?

 Where would you find a good mentor to fund the emd and down. I am willing to give up my profit in the deal to find a mentor. Do you think I should give up all my profit to just get the first deal done?

 How would you structure a 3.2M - 4.8M acquisition price, and let’s say I have no money. But I have investors apart of the GP who is willing to fund emd and DD. I’m a prior realtor, with wholesaler experience and have done some buy and holds in residential properties. But as I discovered, has no real significance to the apartment game, except for the ability to market and raise money. Which I found is pointless unless I alread have a deal

Hey Brandon, can you give us an update on how everything is going?

 Thank you Joshua! 

Appreciate this Greg! Would love to add a mentor to guide us through the first deal, we can offer all of the sweat equity and our network that will help fundraise the deal! 

Hello good people of BiggerPockets. I am new to apartment investing, I just wanted to get your guys thoughts on how I should structure a PPM and who I should go to. We are new so funds are very limited, is there a process you guys use to make sure legalities are set up right, and can they charge on the close of the deal?

We are chasing add value apartment complexes of 32 units or more, priced between 3.2M - 4.8M, purchasing all cash while using SOFR or Fannie as contingencies, targeting a 6-8% cap upon entry and want to operate sub 5% for stabilization. Adding $125 - $166 per door boosting overall property value. Paying our investors 6-8% Pref. then proceeding to a 70/30 waterfall split in our favor. WELL, thats what we planned so far. As of right now we are establishing relationships with Brokers, had done some pre marketing for our investors to fund EMD and DD. We set up our CPA, LLC, website, marketing plat forms (social media), investor (sponsors) list, I have an operation manager, acquisition manager, and myself leading the charge. I am aware of 506B and 506D for fundraising. Let me know what y'all think! I am here to learn as much as possible so I am not wasting peoples time or more importantly their money! I'm a realtor in OC, CA. Owned and wholesale residential for the last 5 years, but this is a whole new game to me. Thank you in advance!

Negative have a tenant in there paying $2000

and mortgage sitting at$2770

Negative cash flow is at -$820

Mortgage being at $2770, Rental income at $2000