All Forum Posts by: Joseph Martin

@Mansoor Ahmad

Generally speaking, CAP rate is a measurement of risk - and varies by asset type, class, location, etc.

Another way I might answer this is; what do you need to get Olin the way of returns for your asset?

I.e., will you be using your own money? All cash? Part equity from a private source? Traditional debt for part of the stack?

Many questions around your business plan will help you determine what is good for you and your (potential) investors.

The short answer for my team is; what can the deal afford at the proposed CAP/acquisition cost?

If I have 30% down of my own money - my returns could be different than if I have an investor expecting a minimum return on investment.

Does that help?

I'd be happy to take a look - that's right in my back yard. 

@Ryan Flannery - any areas you would stay away from?

@Michael Chang - congratulations on the success! Former NYCer here - I used to run StreetEasy's product team.

I'd love to connect with you on a Multifamily property we are underwriting in LIC.

Shoot me a message if that sounds interesting to you - all the best -Joseph

What you focus on expands...

Hi everyone!

My business partners and I have a deal under contract and are trying to get it funded at 100% so we don't have use any of our own funds out of pocket. We have the cash reserves, however - would like to keep those available for project operations, potential overages and carrying costs. We have a number of 90/10 and 80/20 loan options available to us. The primary loan that we are considering is: 90/10 (hard money).

Looking for roughly 50k in GAP funding to cover closing and down payment costs. We estimate 60-90 days max as there is no major surgery required for this flip.

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I'm happy to share the details of the deal with anyone who is interested in a good, short-term cash investment.

Please PM me if you are interested.

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Best,

-Joseph

Hi everyone - I'm looking for a good CPA that understands real estate investment holdings and cashflow that can help me manage and scale my real estate businesses (flipping, holding and agent business).

Do you know of anyone in the Fort Worth (or Dallas / DFW) area?

Many thanks in advance!