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All Forum Posts by: Marco Nasso

Marco Nasso has started 4 posts and replied 14 times.

Post: Lansing contractor needed

Marco NassoPosted
  • Posts 14
  • Votes 1

Hi BP Family ! 

Any good recommendations for a great contractor in the Lansing Area? 

I’m looking Duplexes  or single family's 

@AJ Shepard the idea is to use that money for multiple transactions, like 5-6 multi family.

I wanted to understand if would be fair to split 50/50 the monthly loan payment or just having the investor paying the monthly loan and giving 50% of equity in all deals.

@mary 

@Mary Danna thank you for the advice!

@Ellie Perlman 

Thank you for sharing all the info. As always very detailed and helpful 

@Dennis Cosgrave thank you I’ll definitely buy the book!

@Brian Geiger i know very well the capital partner. She’s just looking on having passive income coming in every  month, while  I’ll be responsible to find the deals as well carrying the loan.

@Jaysen Medhurst 

Sorry for the late reply! 

I have not found the deal we want to buy yet but we agreed on an 50/50 split on the deal. 

If the cash provider will take the money out of a loan with 0% interest ( loan must be paid monthly ) whom will be responsible for the monthly payment of this loan? How can i structure the deal with the cash provider? What would be a win win scenario for both parties?

Thank you  

Hi BP family! 

I have found a cash provider who will be bringing the money to the  table, down payment and the rehab costs. It will be a private equity deal. It will be my very first ever 

The money available is 150K that this investor will obtain through an already approved loan with 0% interest. The idea is to use this money for multiple purchases of multi family but i really don’t know how to structure the deal with the cash provider also because the money will be from a loan that must be paid monthly.

Thanks for any help !

@Mike Jordan I’ll definitely taker a look 

Thanks 

Thank you all for sharing those with me I’ll definitely contact them.

Based on your experience as investor in Lansing , what’s the market feels like?