All Forum Posts by: John Laney

hey @Satya Y.

This sounds like a FIG project.  I'm also an investor with them on the same project.  

While I do not have any specific undestanding of Ogden (or Utah for that matter) I do know these guys are pros at what they do, and they focus on markets with great opportunities for potential.  

I invested a few years back with their NAMPA build and am very happy.  

Happy to discuss, John

Thanks @J Scott and @Will Barnard and @Dave Schmidt  Really appreciate the advice....

Hello,

I am trying to understand the Build-to-rent space, specifically I am looking for a directory of build-to-rent providers and maybe some pros / cons to this investing style.   

The specific strategy is to pay a builder to build a 2-plex / 4-plex with the intention of renting it out.  

I'm familiar with the Fourplex Invstement Group (FIG.us)  which operate out of Utah But I've not been able to find any other BTR companies that are midwest or East coast based.

Has anyone had some experience with this type of investing.  Or may I be using the wrong term.  

Thanks, John

Hello,

I am working on the structure for a one deal team for a single family property flip in Texas.

There are three members of the deal:

1) Brains: The guy putting the together

2) Brawn: the general contractor doing the work

3) Money: Me, the guy proving ~80% of the money via a Private money loan.

Brains and Brawn are already structured together as a LLC and have done 3-4 flips in the last year or so. They are looking to bring me in as a private money lender to finance the purchase and some of the construction.

My question is, what are the ways this deal could be structured? 

My initial plan was to loan the money directly to the LLC. I would holding the house title and also have the 2 members (Brains and Brawn) personally guarantee the loan.

Is this the "customary" way to structure this type of deal? or might there be a better / cleaner way to do this?

Thanks, John

Thanks @Max T. and @Michael S.. appreciate the advice.

Hello, I may be moving forward with purchasing a property from a friend. What are the options we have for determining fair market value? 

Using comps gets us close, but of course my comps would tend to be low while his would tend to be high....

The tax assessment is no help here since it is far to low...

Would you recommend hiring a 3rd party appraiser to do an appraisal and then just selling it for that price?

Thanks for the help, John

Thanks @Jay Hinrichs @Jonathan Barr @Connor Macon.

The money did go through. So after a week of back and forth ( ie. the money is in your account, no the money is in your account) I told them that it looks like some type of fraud had happened and asked if I should be notifying the SEC.

This got their attention...

They were able to track down the money (which takes a few days) found it, and then re-deposited into my account.

Talking with my banker it appears that this is one of those 1 per Million events...

Thanks for the help. 

Hello, I am considering investing with Battle Monument group with their Guidon fund.
The fund invests in properties that are rented to dollar general / dollar tree stores.

It is a conservative fund, with long term debt and ~70%debt to value.

Which is what I want ( I think of my self as an "old man" investor)

However, it gives a 8% perf return with 6% paid quarterly and the remainder paid when the assets are sold....

That seems a bit low for a conservative play....

Does anyone else have experience playing in "shallow end of the pool" and what returns I should expect.

Best, John

https://www.battlemonument.com/
https://www.guidonfund.net/about

Thanks @Omar Khan  Will do that. What is surprising to me is that all the payments went through until the last two...

Thanks @Christopher Smith  No, not yet. But thanks for the recommendation.  I just got on their website now...