All Forum Posts by: Lisa Arlt Escoto

Hi Keon -

You are in the right place.  BP is a safe, educational place to learn and make connections.  I especially recommend the free podcasts.  I always learn something.

That said there is nothing like meeting other investors face-to-face and hearing what they have done. If you haven't already, check out your local REIA (real estate investors association) and meetup groups for real estate near you. Then go meet people. After a while you will see who are the dealmakers - the ones making a living at this - and see what you can learn from them.

People have different opinions about "gurus" and professional courses. I, personally, have gotten a lot out of several different weekend seminars offered by my REIA. Of course it usually ends in soft (or not-so-soft) pitch for the expensive mentoring or seminar, but for $90 or so for a weekend, I learn a lot.

As far as finding deals, once you've made the connections - in person or here on BP - and have an idea of what you want to do (and what not to do) you'll be more prepared to take advantage of a good deal when you come across it. 

So, in summary, get out there, meet people, learn, listen, ask questions, make connections, and welcome!  It's a crazy, but amazing, community! 

Lisa

We fund EVERY Commercial Transaction from Apartment Buildings to Zoos!

We fund EVERYWHERE from Afghanistan to Zimbabwe!

www.WorldwideCommercialFunding.com

JV, Joint Venture, and Equity Partnership

Asset Based Lending, 1-5 year term

Private Hard Money Loans

Commercial Loans of $10 Million US or more

Worldwide, Every State, Every Country

No Application Fee!

Sensible, 3-page application

Response in 72-hours or less

Contact Lisa Arlt Escoto for your FREE application - www.WorldwideCommercialFunding.com or call 1-877-455-2794

In my experience most if not all turnkey properties require you to get your own financing.  In our case we use private money/hard money to perform the rehabs so unfortunately can't offer owner-financing to our buyers as the money we are paying is too expensive to make it financially feasible for the buyer as the interest eats away a large portion of the rental income.  

Have you considered partnering up with a US investor who is boots-on-the ground and has the ability to get the mortgage (good credit, American citizen), but doesn't have the downpayment funds (which you would provide)?  You'd have to have very good legal documents in place to ensure you and your funds are protected, and I wouldn't suggest creating a partnership with just anyone - you'd need to vet them very carefully - but it could be an option.

Ahmed I just emailed you the plans.  Let me know what you think after you take a look.  Thanks.

How to Leverage an IRA or Retirement Account to buy Government-paid (Section 8) Rental Investment Properties @ 40% down to turn a $245K IRA into $1.38 million!

Contact me if you'd like to see income and expense spreadsheets for each property.

http://vadeedoftrust.com/cash-flowing-turnkey-rental-property-investments/

HI Copelon, 

If you ever get any commercial loan requests over $10 million that you can't fund, please consider sending them my way.  I'd be happy to pay you a finder's fee. 

Thanks.  

Lisa

@EddieTsang This is the first time I've heard much about franchises, and I'm curious how funding works.  Do they provide funding for you to buy the property, or is it a lease?  

As far as suggestions for what to put on the site, as the mother of a teenage daughter I can tell you most of her disposable income goes to Starbucks, smoothie drink places, and any inexpensive restaurants where she and her friends can sit, gab and eat, for a long time for not a lot of money. 

We fund EVERY Commercial Real Estate Transaction from Apartment Buildings to Zoos!

We fund EVERYWHERE from Afghanistan to Zimbabwe!

www.WorldwideCommercialFunding.com

• JV, Joint Venture, and Equity Partnership
• Asset Based Lending, 1-5 year term
• Private Hard Money Loans

Commercial Loans of $10 Million US or more

Worldwide, Every State, Every Country

No Application Fee!

Sensible, 3-page application

Response in 72-hours or less

Contact Lisa Arlt Escoto for your FREE application - www.WorldwideCommercialFunding.com or call 1-877-455-2794

Welcome, Kyle!  I hope you enjoy BP.  The forums are great to learn, and I personally recommend listening to the free podcasts.  I've learned something from all of them, even the ones that seem to have nothing to do with what I do or intend to do. 

Welcome!  Lisa