All Forum Posts by: Javen Wilson

@Chris Levarek Could those people that you could get to sign on the loan with you also bring say a down-payment for the loan? Or money for a rehab so you can do a refi on the property? I feel like it's something you could work into a deal or contract with them but don't know if that's something that has happened or ever does happen.

@Karl B. Yeah the only thing I fear is I will need to have either more net worth or some one else to carry the funds for me. I would probably try and get seller financing on my first one if I can find a motivated seller. Then once I've gotten some skin in the game and some money I can go to a bank to collect some bigger deals

@Percy N. The bigger properties such as 100+ units are not necessarily something I want to get into right now. I don't have any investments right now so I'd rather have a smaller multi family for my first deal so that way If I make a mistake it's a $5k mistake than a $500k mistake. But the information was helpful regardless I appreciate it!

@Bryan Mitchell Thank you for the response, pretty much hit the nail on the head. I feel I will have a harder time starting on SFH or small multi family so maybe the 5 units or more is where I can get started

Hello everyone, I was listening to one of the Real Estate Rookie podcasts the other day and they were talking about small and large multi-family properties. It's the niche I want to pursue and I'm currently figuring out ways to raise capital to get my first investment property. I don't have any money to do it myself so I have to get a little creative.

My main question is this: Do banks/lenders look at multi-family properties as personal property or a business property? If they look at it as a personal property, would it be worth it to establish an LLC so lenders will look at it as a business and lend more money based off how much income the property would bring in? (I do not make much money at all, ~$30k/year so I wouldn't qualify for much by myself.)

I hope that makes sense, and if there is something i'm missing then please feel free to let me know and also thank you all in advance!

Hey Everyone! I’m new to real estate and trying to get into the wholesaling side of things. I’m still trying to gain knowledge before I just jump into it cause I know there’s legalities and all sorts of things you gotta know so you don’t get in trouble.

Was wondering if there was anyone in central Indiana that would be interested in trying to do a meet up. Even if it’s for a couple hours, it would be awesome to get associated with people who share the same passion, real estate.

@Erin Culp

Thanks, I’ll start looking around to see who I might be able to work/learn from!

The market is kinda rough, I didn't do a whole lot of digging on whether or not any upgrades would force appreciation because a lot of houses around that town are less than that and stay less than the price of that one. I'm sure there are some numbers you could mess with to make the deal even better but with it being the first property I have analyzed, I can't tell you exactly how accurate my analysis was. All I know is that with what I did it was a 15% ROI with potential to be more if you increase rent a little more

Hey everyone, I'm trying to get my foot in the door with real estate and this week I let a wholesale deal slip out from underneath me without realizing until it was too late. The only reason I hadn't thought of it before was because I thought I read somewhere or heard somewhere that wholesaling in Indiana is illegal unless done a certain way. Would anyone be able to clarify on this or explain how it works in this state? 

Much appreciated for the responses!

I found a property I would like to purchase. It's got a 15% ROI and in a neighborhood I know could rent well in. It costs $87,500 and my ROI comes from putting 20% down and property mgmt and the whole shebang

Basically, the area isnt really one where properties appreciate in value much. So what could I do to be able to get my capital back out to be able to purchase my next property?

It seems like a very basic question I know but I’ve been pondering on it for quite some time and can’t seem to figure this small question out. Any help is appreciated!