All Forum Posts by: Ken Moyer

Hello Guys thanks for the feedback.

Johnathan the property is in Peapack- Gladstone good HS good location to 287 etc. I think were he is getting 1/6 is that I would put in 100k on the property that is worth 600k. 

Ryan I was looking for my next investment to be cash flowing me around $1000 a month. Its such a unique opportunity I can't seem to find a way to make a deal out of it. 

What Im ultimately looking to achieve is to cash flow at least $1000 a month with an adjustment of 4% each year for cost of living until I die or call on the note of 100k I invested.

Hello Everyone I hope you are all doing well and are healthy.
Unfortunately, I have a friend who is going through a divorce and asked if I wanted to take over a share of his partners stake in their property.

The NJ property is a 1936 duplex 2bd 1 bath 1200 sq ft, with public utilities, off street parking. The current tenants pay $2275 and $2300 they also pay all utilities. He feels the property will appraise at $600k which I am looking into comps to see if that seems correct. His mortgage is around $1600 per month.

The deal!

option1 He offered me an option to purchase 1/6 of the property for a monthly dividend and a return of my money and 1/6 of any additional equity the house accumulates over the course of us holding the property. Im not sure what would be an appropriate amount would be for a dividend.

option 2 He offered me an option just to loan money on the property, and receive a monthly payment at an interest rate that we would agree on. Im not sure what would be a reasonable interest rate to charge.

Im going to go look at the property tomorrow and speak to him in person.

I would greatly appreciate any advice or questions I should be prepared to ask tomorrow.

Wishing all of the BP family well during these unique times.

Hello Everyone I hope you are all doing well and are healthy.
Unfortunately, I have a friend who is going through a divorce and asked if I wanted to take over a share of his partners stake in their property.

The NJ property is a 1936 duplex 2bd 1 bath 1200 sq ft, with public utilities, off street parking. The current tenants pay $2275 and $2300 they also pay all utilities. He feels the property will appraise at $600k which I am looking into comps to see if that seems correct. His mortgage is around $1600 per month.

The deal!

option1 He offered me an option to purchase 1/6 of the property for a monthly dividend and a return of my money and 1/6 of any additional equity the house accumulates over the course of us holding the property. Im not sure what would be an appropriate amount would be for a dividend.

option 2 He offered me an option just to loan money on the property, and receive a monthly payment at an interest rate that we would agree on. Im not sure what would be a reasonable interest rate to charge.

Im going to go look at the property tomorrow and speak to him in person.

I would greatly appreciate any advice or questions I should be prepared to ask tomorrow.

Wishing all of the BP family well during these unique times.

Hello everyone,

I’m new to Real estate investing (own 2 rental properties). I recently connected with a couple who is doing fix and flips in my county. I saw one of their properties and was impressed with the rehab.

They offered me a deal of 20% apr on my $25k investment on their next property. They also said I could assist with the rehab as a learning experience and if the deal goes well maybe become a project manager for them to learn more.

After consulting with my attorney and going over the paper work, I would be the 2nd person on the mortgage after the hard money lender who is lending more than myself.

Since I will be the first lien holder, they will not provide a personal guarantee.

My lawyer informed me that I’m not very protected since I’m second on the lease.

What are your thoughts? I appreciate any feedback