All Forum Posts by: Josh Manfred

I would try local CU's also.  Just came across one here in OR that will lend on commercial multifamily and they are more creative than the local banks.

Max I would watch some content from Cody Davis and Christian Osgood.  One of the things they say is that money comes from people, and that the story is more important then the real estate.  So if your deal is good, then figure out what your goals are and create a narrative to support that goal, then reach out to people that are friends/friendly to your network or are in your network. You never know, maybe one of them can take a loan against a 401k, or they have some sort of account they can use to loan to you at X% that works for you.  Then after you have some proven numbers you can refi out and pay back you investor.

From my understanding, as long as you keep the documentation you may be able to use an excel file with the expenses - tab for each property with the first as a compilation - and then attach all the corresponding docs to support the expenses - IE receipts/invoices for the legal fees, closing costs, etc.  You should receive a doc from the title company that will show the down payment and mortgage info, as well as your end-of-the-year mortgage statement as well.  I would take all of those docs and drop them into a password protected file share along with the excel file and send them to the CPA.  I would also look for a CPA EA to help with tax planning/strategies to assist in future expenditures that may lower your tax liability.

Congrats on the start of your journey!  Dion McNeeley has a binder method that seems to work wonders in increasing monthly rents.

Adrian Schnieder has done done work for me just north of Depoe Bay. He's out of Lincoln City, but he's great to work with. 

https://m.facebook.com/adrian.schneider.395