All Forum Posts by: Jonathan Nixon

Thanks for the responses. Glad to see these are under 5% for you guys.

Trying to work out some numbers on a few buildings and it seems I’m optimistically conservative 🥰

Quick question for people working with 10+ unit properties and with say a 1-3million property value... What sort of rates are you guys getting on your loans? Say 20% Down 25yr amort?

@Gary Guidi proper work and congrats on the seeming home run. These are the deals that make life just a touch easier once all the groundwork is put in place. Hope the next one goes just as well for you!

I would cut your 3rd and 4th sentence. Possibly the the first sentence of the 2nd paragraph as well. 

Last paragraph... 

"I would like to purchase your house and rent it to quality tenants that will help preserve our neighborhood.
 I would be thrilled to chat with you about it at your convenience. My number is xxxxxx"

Best of luck to you

@tim johnson That's a hot tip. Never seen that site before... Kind of scary it exists. 

@Account Closed I love the idea. I think you're going to want to approach it similar to a mobile home community. There are a lot of resources to support the upstart out there and many investors are really interested in that niche right now with a potential recession looming. It's a very progressive idea and I hope it succeeds to pay you dividends!

I would like to suggest a piece of advice Kevin O'Leary commented on recently with Adam Lowry in debate (based off of your original post). If you are going to seek out investors make sure that you are doing it from a business owner/investor perspective first. If the bottom line is not there to support you and your investors, then your good intentions will fall flat. 

That said, I'd be happy to chat more with you about the project. I have been scouting a few areas in other parts of the country for Mobile Home parks. A tiny home product could be viable for some no doubt :)

@Ed Gutter I'd link up with Jesse Wright. Also, consider checking out his YouTube channel (@Jesse Wright) and 

facebook group Rental Property Investors. He's a nice guy that's actively investing in Jackson that enjoys helping others

@James Teutschmann I think everyone could use a bit of organization and of you will join a mastermind group with others in a similar place as you. For 39.99 I can't imagine you don't get your moneys worth ^^ (Yes, I am pre-ordered and suggesting all my friends do the same)

To OP: My personal research has shown little with regards to value beyond time. Often when the pre-fab builds are cheaper they come without the longevity and quality of a traditional build. I imagine that is operator to operator and design to design though. I would reach out to regional pre-fab operators and see if you can locate some of their product. Then, go check out a few of the builds in person.

@michaelfrank are you familiar with proto homes out LA? I've been curious in some of their luxury design builds and looking for other companies with similar products.

(sorry to hijack thread)

@Michael Ealy I really appreciate the insights you have been putting out here on BP lately. Looking forward to see how these pan out for you. It is impressive that you are able to find these opportunities to add value. 

I'm going to assume there is usually some thorough negotiating that happens on these bigger deals... However, I'm curious how often do you think you are able to get into these below market value or is that not really too much a concern when the plan is finding that backdoor profits?