All Forum Posts by: Jeremy Hunter

Ask them if they know of someone in their area that might want to sell. The solutions would be in the form of building out the passive or residual income presentation and also giving them a portion of the profits when the development is done. 

If you have done your research of what the zoning is what the city is allowing for development in that area,  then you will have a way to come prepared to a sit down with potential sellers.  Objections are really every investors nightmare because you want the yes and they say no. Every situation and person is going to be different. 

And in this market sellers are trending to be a bit stubborn and sometimes unrealistic with price points as you know.  I was looking at a piece of land in taylorsville that the sellers were being stubborn about coming down in price on and it made the numbers not work out. So sometimes it is just best to move on. 

I believe in a lease option the tenant buyer is now responsible for all repairs and maintenance of the property because they have the understanding that they are going to be buying it at a certain point in the future. I know I would if I was your tenant buyer because I would know that if I maintained it it would look good kind of a pride of ownership thing. And with a nicer house you would have a better quality tenant anyway who would probably have that similar quality.

I messaged you!  Building a pitch deck is a good start to building interest for any types of projects that you might want to do.  Even if the project in the pitch deck is an example and not a real example.  Syndicators of high levels have been doing it that way for years and in all types of businesses. Connecting with some of brokers that are big in that type of asset class is also a common way of generating pocket listings and other resources you would need. Network is the bottom line for the any projects.  

Of course remember your going to need ducks in a row for your first investment to your last investment. Just my initial 2 cents. 

Looking forward to connecting with you! 

Property Management is definitely a good choice and there are many management companies that are hiring. And even if you start your own company it can become profitable if your able to tap the vacation and business extended stay type rentals. And there are also property managers for self storage facilities, retail, office buildings, etc. All of which are going to give you a huge and varying experiences.

I saw that real estate development was something you mentioned as well. I think that besides property management, development is the other big money spot to learn and network in. There are a lot of variables to making development projects work out for the best, but it can help you see the bigger vision for a property instead of just carpet and paint. And the network that a good developer should have are those with deep pockets and the city that helps your projects get approved. And there are many decent sized developers in every decent sized city that you might be able to get a job with. 

Anyway hope that helps!

One idea is to find someone who is also in the game that you could partner with that could provide the extra cash for the down payment. 

Or if you have some collateral that you could use as leverage that might help as well. And definitely some lenders are probably already have asked about. 

If your business entity has a history of cash flow you could look at getting a business life of credit is another idea.

A creative thought is maybe ask the seller for a concession and have them seller  finance the down payment for you that way you are creating some extra money for them as well as granting them some extra income that they would be losing from the sale of the property. Or you might even present them an entire situation where you seller finance the whole thing and give them some great terms enough that you have enough room to make things look good for a refinance lender 6 months to 3 years later.  I know the seller might need allot of convincing especially in your market to do seller financing now when there might be a more qualified cash buyer that might come along behind you. So you would have to have a solid plan and reason for them to consider, but seller financing would still be a good consideration in the end if you couldn't find the down payment you are asking about. 

Anyway I would like to connect with you further if you're open to it! Hope that helps!

Another thought that you can consider connecting with someone you might know who has a high credit score and is lendable that could be the one who you would either eventually pay off when you get ready to refinance or pay off because that is what is agreed on as a part of the partnership. 

Partnerships and individuals that have the money you need need to be in writing to protect you and the partner. 

I do like low or no money down like FHA and VA or seller financing options but each option has its own strengths and weaknesses. When trying to ramp up acquisitions you need to understand leverage like those who are doing many deals a month/year. That is how you are able to "level up" your investing. Anyway lets talk some more directly!

find the redevelopment/zoning/planning folks at the city; there should be someone in one of those departments that will have the paperwork and requirements to do condo developments. 

Welcome to BP! And I would connect with some lenders or investors that would be willing to invest with you! Pretty simple and yet profound advice which I am sure you know! I would love to connect and see how I can help out as well!

Welcome to BP! Hope we can help in some way!

Welcome to BP!! I am sure that you are doing alot research into different ideas worth investing in and some of the perks with in real estate are there some strategies that you can do that are low money down options. Seller financing is at the top in my opinion. Or being the deal maker and building the deal and finding the money to bring to the table for the deal eliminates the risk of your having to bring all or some of the money to the table. Being able to find the spot that works well for you and your goals is part of the journey! Let me know if I can help you further!