All Forum Posts by: Michael Zau

surface numbers are always hard to gauge, because various investors are looking for different outcomes. Send me a message or I can meet you. I would suggest a trust for this specific circumstance and you can make up any negative rents. However if you have a williness to have a money partner to help you, with the ownership and payments. You can take over. For example. if the payments are principle and interest and you take over, a partner who has money can help in tough times. Rates are so low that the time period of investment in San Diego would be 10 years. or more. If it's a VA loan then with no down and his orders to ship out, he can get another VA loan by special circumstance. I know that you have other creative options and as an owner, buyer and creative finance guy I think that a phone conversation is worth your while.

The ROI, (Annualized that is, ) looks great, however on a time\scale level for you, was it really worth it? Just curious because the dollars are good, but 3-6 months later the wrong way, could have reduced the ROI significantly. Especially with private money. And since you had another money investor, maybe you split it 50\50? IDK, congrats on a job well done. Just asking really about time value of money for you since you specialize in mulit-family syndications where the return on your time is much more valuable imho.

I will add that I have a license. It serves me no purpose as an investor, OTHER than having access to the confidential remarks on the local MLS. How it holds me back, is that when you hold a license, you are, or at least from a moral compass, should be held to a higher standard and follow the ethics of a real estate licensee. Do you tell the sellers that they can and should sell for more than your purchase price. Ethics says that you have a responsibility to do so. I consider the small amount of comissions saved nothing; compared to the work involved that a realtor does for me. I have hired other realtors so that I can search, negotiate and find other deals. You live in a lower dollar amount area, so I consider that a small amount, where I live in San Diego, the commssions saved are significantly higher, but I still hire realtors at full price . Over time you will find that the opportunity cost of time will outweigh your desire to be a realtor licensee.