All Forum Posts by: Jason Young

Hi all I’m trying to figure out if I should get a partner or some sort of able lender of sorts.

I have identified a cash flowing 4-plex for $1,150,000 in Southern California that brings in $1850 on 2 units and the larger other 2 units $2200. 2 units are coming available at close and the others have the have tenants in place.

So I’m thinking of renovating the units that are going to be vacant to increase the value, rents and also to cash out refi.

My wife and I would also consider living in one unit while renovating for the tax benefits as a house hack.

This would be our first BRRRR or rental property and I'm not sure how to go about getting the financing and those next steps.

Having 3 units rented calculates to enough to pay a mortgage and allow me to live expense free during renovating.

With those numbers it should be paid off in 10-15 years.

I have a good rapport with the listing agent and I am also an agent and I can use my Commision for down payment assistance.

I won’t qualify for a conventional loan without a co-signer or partner. So I’m not sure if I should consider private money or hard money and refinance in 6-12 months or what my other options are.

Any recommendations on how you would go about this?

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(6 of them are in Orange County)

1. Danville

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3. Moorpark

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8. Laguna Niguel

9. Mission Viejo

10. Lincoln

This is my backyard and there are definitely way more safe, beautiful, and fun cities to live in Orange County than just these.

@Tyler Tacy can you amend the purchase agreement to request the property to be delivered vacant? Also, do you have a copy of their leases?

Looking for a buyer agent in Fort Worth Texas that has experience with the VA loan process.

For my brother in-law.

Referal agreement required.

Please message me.

@Salvatore Lentini finding a partner and/or need funding.

@Jon Khalil

You could possibly get something like a condo and rent out a room (That’s another form of house hacking).

If you want to try creative financing you can find a fixer and go with a multi family complex (duplex).

@Joe Homs hey Joe thanks for the reply! I’ll send you a message!

Hi all,

In 2019-2020 I have helped investors identify properties, analyze and write offers. Some were flips, some were BRRRR.

I was actually meant to be a partner on my last deal (a flip) but they ended up changing my position to solely the LA and BA agent on both the buy and sell side. However, I was able to sell it for more than the ARV I had estimated and more than the listed price. I was proud but also bummed that I wasn't able to call it my investment.

Anyway, I am finding good deals for both flips and BRRRR's but I don't have the funding to go it alone so I am reaching out for a partner and/or mentor. As I would love to partner up with someone that I can grow and learn from.

I'd also be interested in tips on how to find great hard or private money lenders.

Thanks all! 

If you're not looking to use a listing agent then you can may be able to recommend that the buyer pays their agent themselves on top of the purchase price or ask for a "buyers premium."

Anyone know of a good website I can use to see what homes are going to a in person auction, so I can due diligence and MPP before attending?