All Forum Posts by: John James

Can anyone talk about the exit strategies with seller financing and going to a bank? How do i know a bank will give me a loan? What if i acquire 4 or 5 properties this year and 5 years later I have to give balloon payments to all these sellers? Will i be able to get 5 different loans from banks?

try reading a book

you are asking questions you should be asking yourself lol it depends on what you want to do. 

I think we are done here lol

@Tj Hines so you are saying structure this like a small syndication?

@Tj Hines Thank you! finally some solid advice lol 

@Brian Garrett When did I say most of the profits? what are you talking about lol

@Matt P. Yes I found the deal, but how do you know I dont have anything else to contribute to the deal?

@Caleb Heimsoth not sure why it wouldnt cash flow one month lol but uh thanks for the info 

@Caleb Heimsoth Not sure what you mean by if I own 10% of the equity, am I going to contribute 10% of the costs? I would be expecting the monthly cash flow to be spit up, which expenses are already deducted by the time you receive cash flow. 

You here all this stuff about buying real estate with no money down or if you dont have money then partner with somebody...well that's what I am trying to do. 

I am new to multi family but not real estate.

I know a person that wants to sell their 10 unit apartment building. Great location, great price, good condition. Anyways, I do not have enough money for a 20% downpayment so I presented it to another investor I know. 

They really like the property and want to buy it, however, I think they want more of a 50/50 partner as far as putting the money down to buy the property. I could put maybe 10% of the required amount down to help. They are offering a finders fee but I would really like to own a piece of the equity, EVEN IF it is just a very small percentage. I dont really want a fee. I want to build my portfolio. Is this possible? What should I do?

Thanks!!