All Forum Posts by: Kwame Searcy

I have a 32 unit Apartment building that I am looking to do some renovations on in South Fulton County GA. Anyone have any good contractors that they recommend?

Much Appreciated!

Kwame Searcy

Is anyone investing in apartments in Brevard, Volusia, or Orange County FL? What's your experience been with the market this year? Anyone closing on any deals? 

Thanks!

Kwame Searcy

   I am currently raising capital for my first deal. The deal structure is a 506(b) syndication which means that I have to have a personal relationship with the investors in order to get them into the deal as LP. In doing so I realized that my network is limited on high net worth individuals or people who have the money just have things tied up. Any tips or advice on some things that I can do to help raise more capital to get to closing? Bring in more partners? Look into creative financing? Any suggestions and tips would be greatly appreciated.

Thanks!

Kwame Searcy

Hey Briar,

Are you looking for a something focused on short term rentals? Or just a mastermind related to raising capital for any type of commercial property?

I missed this event. I will definitely attend the next one. Looking forward to it.

Hello BP,

Rescently moved to Brevard County from GA. Looking for some reputable wholesalers in the area.

So with no inspection is the buyer able to see the property? Are there showings for wholesale houses?

Bagley, Grandmont-Rosedale, Virginia Park, Berg-Lahser, west village, new center, islandview, Boston Edison, LaSalle gardens and north end. It's kind of scattered but condition of the block is important as well.

Looking for some good wholesale multifamily homes in Detroit. Any Detroit wholesalers with some good off market inventory? Or does anyone know of any wholesalers in Detroit?

Looking at some creative financing options to buy properties because I tried to get a pre-qualification letter from a traditional bank and they said that my debt to income ratio too high. Based on my current situation I have a couple of questions.

1) How long do you have to be renting your property for it to be considered income to lenders? I have been renting out one of my properties for almost 9 months now, same for my primary residence I have been renting out a floor in our house for 8 months now. Do I have to wait 2 years for them to consider that as income? I say this because the lender told me they need a two year history of an income source and I didn't know if that was standard. 

2) Will a traditional lender refinance you if you can't qualify for a typical mortgage? So if I use a hard money lender to buy a property, rehab, and rent, when it comes time to refinance will I even be able to considering my debt-to income ratio currently? I don't want to get approved by a hard money lender and go to refinance and the bank rejects me.