All Forum Posts by: Logan Jorns

Hi there! 

A seasoned investor with whom I've been networking with for the past year and a half has expressed interest in retiring. Because of this, he is interested in selling some of his portfolio. Because his portfolio just became available for purchase he is wanting to try to sell it in one package. I am attempting to draft up a few different offers to present to the seller in hopes of securing the properties. A couple of options I have been throwing around are: 1. Interest only payments to the seller for 5 years with a balloon payment made after year 5. Acquire a commercial loan to pay off the original seller and then have the commercial loan amortized over 20 years. 2. Typical seller financing deal: "x" interest rate amortized over "x" number of years. 3. Acquiring a commercial loan / hard money loan for the purchase price, however I do not believe the DSCR is at / above 1.2.

I am struggling to decide what my best option(s) are. And am wrestling with the answer to the question of "How can I afford it". 

Any advice is MUCH appreciated! 

Your story is an awesome source of inspiration / motivation!

What’s going on BP community? Recently I sat down with other investors and discussed some successful ways they have found to retain tenants. For example lease anniversary gifts, or involving the tenant in choosing how much to raise the rent. I was wondering what other ways you have found to be successful in retaining tenants? Cheers!

Has anyone heard of or done business with Asprient Properties or STL Citywide? They have an open position for a summer real estate intern which I’m interested in, but after doing a little digging online I’m skeptical about their business practices. Any feedback is appreciated! (Side note, if you know of a summer real estate internship in the STL area, LMK!) Thanks!

I’m curious on the structure / finance of a deal when there are multiple investors involved. Does anyone have any good books / articles that helped you understand how to structure a deal with multiple investors? Cheers! -Logan Jorns

James C. Thanks, that helped a lot! I must have read over the part about WACC. With that factored in, I understand the relationship much better. In the book, it talked about how there can be better years than others to “cash out”. How is that possible?

I’m currently reading “What Every Real Estate Investor Needs to Know About Cash Flow...” and just finished the section about the relationship between IRR & NPV. I don’t feel I have a good grasp on this concept and have been looking online for other explanations, but it still has yet to click. Could anyone who understands this concept please help me out? Cheers!

Rachel, I feel like we are in very similar shoes. Both 20 years old, parents have small amounts of REI experience and are interested in investing. I took this spring semester off from my studies to go at REI with a dive in, head first approach. I’m about to list my first flip on the market, and my second flip is being painted as I write this. Once my cash reserve has been built up enough, I plan to then invest in more passive multi family. What really helped me go at this with more confidence is just like what your doing. Becoming so laser focused on REI and getting my hands on every source of material I can to learn. But the real difference maker has been attending my local REI meetings. The members have taken very kindly, have gave me their direct phone numbers and have been there for me to bounce questions off of. If you attended those types of meet ups with that fire in your eyes, other more experienced investors will see that and will be absolutely eager to help someone who they think is just like they were in their 20s. Hope this helps, would love to connect. Cheers!

What's going on BP community!

Recently I decided to chase the idea that's lurking in my mind of investing in RE. My goal is to be financially independent when I'm 25. 

My plan right now to reach that first goal is to flip, work PT or full time jobs, and continue to build up enough of a cash reserve to place a down payment on a few rentals. Then re-invest and scale up until I reach financial independence. 

I'm a big believer in "fake it until you make it". Or emulating others who have attained your goals. For anyone who has reached financial independence in their 20's, "How'd you do it."

The more detail the better. I love hearing other REI success stories and am excited to hear about yours!

Best,

     -Logan Jorns

What's going on BP community?!

     I have come to the forums seeking advice. I am a very young (20 years old) RE investor and am looking for ways I can fund my future deals. Currently I am partnering with my parents (experienced RE investors) on my first two deals. However, that "family funding" is not going to last forever and I am eager to find a way I can continue to fund my deals without the help of my parents. Do you believe that a young, baby faced RE investor will be able to secure funding from a bank, or should I focus on more creative ways of financing RE deals? How will a bank look at me and decide to fund my deal(s)? What factors come into play?

As always, any help is appreciated!

     Your time is respected,

            -Logan Jorns