All Forum Posts by: Jefferson Smith

Hey Amie, interested. 

Info pretty please to jeffersonsmith(at)gmail

Hey Amie, tagging my partner @Jason Skelton

Hey Todd,

Same question: Is this still available?  (Couldn't decipher or just misread the thread.)

@Jason Skelton take a look

Hey man, fancy seeing you here. 

Probably will need to see how the deal we're doing now works out. (Thanks for working on it with me.) That said, this duplex does look interesting. 

Ryan, I am in a similar situation to Denise, and your input on neighborhoods would be super helpful. 

(Tagging @Jason Skelton, an Indy native who is working with me in looking at the market.)

Really helpful, Steve, thanks. 

Thanks so much,  @Curt Davis. Quick followups: 

1) As far as percentage interest return for capital (as above), would you think 8%, 10% or 12% --or something else--would be fairest?

2) As far as getting downpayment funds to the partner getting the loan, is there any solution beyond waiting two statement periods (two months?) ?

Two partners are working on a deal for a small multifamily (under 5 units) and getting a standard mortgage.

One partner provides a bit more experience and about 3/4 of the capital.  

The other partner is securing the loan with their credit. 

The structure being contemplated:

-- The cash they each put in gets paid back with interest/return. (Big/key question is what the % should be)

-- After that cash is paid back, they own the property equally 50-50. 

What would be a fair return for the cash provided up front? 8% like a preferred return? 12% like a hard money loan? Something else? 

Other structure suggestions welcome too, but an answer to the interest rate / return question would be really valuable. 

These sound great. I'll also put a plug in for Sean Meredith.