All Forum Posts by: Kris Reeves

Mark Wood Swag Staging is really good. Erin Dunnavant is the contact there. For economical, Red Door Staging. Karen Sovacool is the owner.

@Jay Hinrichs This is exactly the type of feedback I was hoping for. I had somewhat considered offering more in the first few deals, but I honestly didn't even have a starting point, nor did I know what to offer up. I absolutely agree with you both and would be comfortable with this model. Now I am better prepared and more confident in proposing this deal.

I will keep you both in the loop on my progress, hopefully in the "Success Stories" community! Thank you and @Percy N.!

Jay Hinrichs I always enjoy reading and respect your opinions, could you offer any insight here?

Thank you Percy N. I appreciate the feedback.

I am not new to investing, but I am very new to deals like this, so let that serve as my disclaimer!(but that's what BP is for, right?) My wife and I have a 3-5 year plan that includes 50-100 SFR. I have found a nice portfolio that fits our strategy, so what I am seeking is advice on funding it. Anything you guys can contribute would be greatly appreciated. Here are some general details:

20-30 SFR, all under 4 years old. 100% occupied class A rentals that are cash flowing nicely. Asking price +/- $3,300,000, so 20% down is roughly $660,000. I have $50,000-75,000 cash to put down, maybe more, and I am looking for my options for the remainder of the down payment. I can get the loan for the remaining balance at around 5.25% for 30 years. This being the largest transaction I will have made to date, I am not sure what my options are. Ideally, I would like to have an investor come in with the $600,000, get the transaction complete, then sell off 3-5 of the properties to pay the investor their investment plus our pre-established return percentage/equity. I would assume this process would take 6-18 months, given existing lease agreements, time to sell, etc.

So in a nutshell, we would be looking for $600,000 for 6-18, 24 month tops. My wife and I are both high W2 earners with perfect credit. We do not need any of the cash flow, so our intent would be to get the investor paid of ASAP, as in all additional monies would go to our investor first. 

Please give me your thoughts on this deal, getting it structured, what a potential investor would like for a return, if equity in a few of the properties instead of percentage would be more attractive, and anything else you can contribute. If you are interested in assisting with this deal, please pm me. Thank you guys!

Salvatore Lentini I also have a portfolio I am looking at in Alabama. Please pm me and let's talk.

Mark Wood just curious if you ever got your windows installed? Also, how did the flop go? Hoping for a success story!

Hey guys, I came across Connectedinvestors.com today, and was wondering if any of you have used them for lending or financing any deals? Seems to be a pretty straightforward site and process, and it looks like they have been at it for a while. Any input would be greatly appreciated!

Peter Maguire Try Air Conditioning Specialists (ACS) Covington, GA. Pat Hayes is the owner. Very solid outfit. Good luck, sir!

Ethan Sonnichsen I would call your local Mitsubishi Diamond Contractor and ask for a quote on a split zoning system. You may be able to do what you are trying to accomplish without adding any ductwork. These units both heat and cool, and are probably the most efficient on the market. Some of them have 100% heating capacity down to 5° outdoor temperature. Additionally, the extra $ you have been quoted for ductwork would not even be necessary, and ductwork is inefficient anyway. These new units only require a 3 inch line set from outdoor unit to indoor unit. Good luck!