All Forum Posts by: Karl Denton

So they could be showing you the proforma info on the property, as for the DSCR the reason they show that is because they know investors may be looking at it and this is a popular loan option for the investor that doesn't have a W2 job to show income for other loan options. Depends on your situation, can you show income to obtain an investment loan? How will you fund the deal? From my own investment experience in CT iv been told not to trust solely the proforma and to run your own numbers very conservatively. Then if the deal still makes sense it's a safe bet. Hope this helps! Good luck!

Sounds like you may wanna go into a partnership for some help in this project. Seems like it could be very ideal but you would need some capital for improvements in order to start generating income, could rent RV space and tent space. 

 Most the time you can find a hard money lender however you’ll need to put up 10% of your own money, you could look for seller financing that’s the best but a lot harder to come by. 

To be honest there's so many great people that can help answer this question for you. However I would try this post on CT RE Investors Facebook, lots of GC's on there and they can steer you in the right direction. 

Is there one in June as well? Monthly meetings? Thanks Im located in Mansfield. 

Keep up the great work! You can do it!

If you find one let me know, iv heard a lot of these guys that invest money with other trusted investors tend to be doctors as well. Hit up some local real estate meetups and see who you can network with!

What would be the guarantee return for the crowd funders and what’s the risk. Things like this are what they will wanna know, but yes it’s absolutely possible to crowdfund this project. 

Excellent work!