All Forum Posts by: MD Fernandez

Hello All and Happy Holidays,

I'm planning to invest in commercial rental property in the Ft Lauderdale/Miami area.  I am seeing what appears to be a growing number of sellers offering seller financing.  Certainly, the current interest rate climate has contributed to this, and that climate may or may not change in the coming year...who knows at this point.  In my case, I would definitely like to do a master lease/option strategy if that's even realistic in today's market for commercial rentals.  So that's the question:  What are you seeing out there these days in terms of how open sellers are to structuring deals this way?  Especially in the area mentioned in the first sentence.  

Sure, I've done that.  But that's not necessarily a lawyer that understands real estate investing the way people here do.  See, that's the kind of attorney I'm looking for.  If there's an attorney that anyone here has worked with or knows of, any recommendations are greatly appreciated.  Thanks again. 

Hello All,

I'm looking to put an all cash deal under contract that I can assign to a buyer.  If this is doable in the NYC area, does anyone have an attorney they would recommend?

Thanks,

MD Fernandez

I'll start by saying that I do appreciate the response, but it is rife with assumptions.  At no point in the OP was it mentioned that a Google search was done -because it wasn't.  Also, at no point in the OP was it mentioned that this was our first deal -because it's not.  Also also (if I can use two 'alsos' here), at no point in the OP was it mentioned that we are looking for a million ways to finance a deal.  All we need is one.  We are, however, looking to tackle the challenge at getting funds, so that part is correct.  

Look, we have experience with the methods that were listed in the OP.  As stated, they are more common than not.  There is a wealth of knowledge and experience on this forum and what we are looking for here is what we DON'T KNOW, or have not yet thought of.  That said, I would ask that we remain mindful of the scope of the question, which is, outside of the methods listed in the OP, how would you go about raising capital?  Thanks again all.

Hello All,

I wanted to pose this question to the group in this new day and age we find ourselves in:

We are looking to do a fix and hold or fix and flip. At this point, we need to raise capital. At the very least, the capital would cover the down payment, points requirements, and possibly the payments for a hard money loan to acquire and rehab the property. We’re familiar with the more commonly discussed routes of how to go about doing this, such as:

• Going to friends and family
• Crowdfunding
• Equity/HELOC/House hacking
• Private money
• Subject to/wholesaling
• Personal loan
• Retirement borrowing
• Grants

But we’re pretty sure we haven’t thought of everything. 

Outside of what's listed here, how would you go about raising capital? 

Hello All,

I'm looking into a fix and flip for a Westchester County coop. The initial purchase is all cash, and so is the renovation. When all is said and done, I want to sell. I don't plan to hold the property for more than 6 months. Here's my question: At any point in time during my ownership, would it be wise to refinance the property and pull money out of it? Also, what's more advantageous in terms of what triggers tax events? Thanks in advance.

Well you said it yourself @Joel Ownes:  Some owner finance deals might still get done.  This is why I originally posted, because this is what I want to hear about.  And I suspect others here might too.  

Hello All,

I hope this post finds everyone either living your dreams or pursuing them. Like many of us, I fall in the latter category; hence, the reason for this post. I'm interested in purchasing a commercial property, and would like to do a 0% down and/or seller financed deal.

I'd like to hear from those who have done commercial deals with creative financing
-especially if you've managed to score a retail or office building this way (big or small). Please note, this post is directed at anyone who has actually completed deals. To those who have read, heard, or otherwise learned of information related to my questions, I would ask you to join me in being a student of those here who have been there and done that and want to share.

So, if you wouldn't mind, could you share your story while answering the following, please:

What is your criteria for commercial property investments and why?

1. How did you find the seller?
2. Once you found the seller, how did you structure the deal?
3. In total, how much money came out of your pocket?
4. After all was said and done, what did the seller get out of the deal?
5. Was there a realtor/agent involved? And if so, what did they get out of the deal?
6. Was the property previously mortgaged?  And if so, how did you address any threat of the due on sale clause?

And last, but not least, feel free to add any additional information you deem worthy.

Thanks in advance.