All Forum Posts by: Liz Kazeva

Those are good questions Nghi. I had a chat with a new HML on Friday, and he is offering 100% financing. The seller really wants out of the rental business. I can't imagine him saying yes to second position. I feel like I might have to get an equity partner or do 100% hard money.

I have an off market multi family, mixed use, and single family rental portfolio with major upside potential in a sought after area. The seller offered me 30% down and 6% interest when I inquired about seller financing. I am in the midst of flipping 7 properties and the majority of my liquid funds went to down payments on my hard money loans for these flips. I am about to sell 3 of my flips, but I probably won't see that money back for at least 2 months. Do you have any ideas on how to put this deal together? At a 15% cap, my offer is approx $742,000. I can definitely get an equity partner involved. Do you think a hard money loan is feasible if the seller is in first position holding the note?

Thanks for the reply

I have a multifamily property that I have made a lot of improvements to since it was purchased 1 year ago. I own it with a family member in an LLC. This person insists on getting a HELOC and their reason for it is because we will only pay for the money when we need it, but the rate increases with the prime rate. They also tried to tell me that if you buy a property cash, that you cannot take a mortgage. I think that getting a mortgage makes better sense because being full time investors, we will always need money. In addition, we can lock a rate while they are still low for a very long time.

My question: HELOC or mortgage?

Asking $65,000, ARV $155,000, construction estimate $25,000

Buyer pays all closing costs

2 story brick single family home

5 beds, 1.5 baths, 1 car attached garage

property needs cosmetic rehab and new windows

Photos: https://photos.app.goo.gl/cc2oVLNXbSoE7xnh7

Modern and move in ready! 4 bedrooms, fresh exterior and interior paint, new light fixtures, new luxury vinyl plank flooring, remodeled bathroom and kitchen with stainless steel appliances! In addition, this home provides a roomy covered porch, wood plank handicap ramp, and an attached garage with ample off street parking. Excellent property for section 8, halfway house. Home has multiple entry points.

Photos: https://www.icloud.com/sharedalbum/#B0xGJDfWGTXT8E

Hoping for insight, pros, and cons of forming a partnership for fix n flips and perhaps buy and hold rentals. I bring capital, a real estate sales license, and lead gen/marketing to the table. My potential partner is a GC who provides superior rates and quick completion.

Available now! Recently renovated 3 bed, 1 bath, 1 car attached garage, brick single family home in up and coming Penn Hills area of Pittsburgh, PA! Total annual taxes are $2,076. Will rent for $900-925/month. 13.7 cap rate at $900/month.

Photos: https://www.icloud.com/sharedalbum/#B0x5idkMwGGIYtI

1 bed, 1 bath 500 sf living area, .13 AC, with huge car port. Total annual taxes $892. Currently rented at $1,000/month and tenant's lease ends January 2020. Home is in excellent condition.

Photos: https://www.icloud.com/sharedalbum/#B0x5VaUrzIQ0Gp