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All Forum Posts by: Morgan Brown

Morgan Brown has started 3 posts and replied 5 times.

Quote from @Robin Simon:
Quote from @Morgan Brown:

A set of two multifamily properties are being liquidated and sold near me and it’s about $2M before any possible discount/negotiations with the owner. They are currently almost entirely rented condo or townhouse style units, producing income. How would one go about getting a loan to take on the properties? I own a construction company and would manage them and manage maintenance myself, and likely even rent a unit to myself to keep it simple (I’ve been a resident manager before too). My investment company has one property in the middle of a rehab right now, so our assets are all tied up in it but the opportunity is now.


Ideas?


 What is the unit count here?

When it comes to multifamily, the financing options really differentiate based on these general three unit count buckets:

2-4

5-10

11+


 One is 7, the other is 5, they are adjacent on the same street so 12 units total.

A set of two multifamily properties are being liquidated and sold near me and it’s about $2M before any possible discount/negotiations with the owner. They are currently almost entirely rented condo or townhouse style units, producing income. How would one go about getting a loan to take on the properties? I own a construction company and would manage them and manage maintenance myself, and likely even rent a unit to myself to keep it simple (I’ve been a resident manager before too). My investment company has one property in the middle of a rehab right now, so our assets are all tied up in it but the opportunity is now.


Ideas?

Quote from @John Mason:

Only In Portland or anywhere in USA?

We are based in Oregon, but I’d be open to investment from anywhere.

Hello Portland!



I’m the owner of a newer General Contracting company serving the area, we started operating in September last year. I’m also an investor in a property for fix & flip happening this summer! I worked for an investor for several years and learned a lot (he used BP Investors) and love the industry- I’d love to make some connections here. I am looking for a partner for my company as well, for some operations capital and advice/mentorship in the GC space. Shoot me a DM if you want to network and please invite me to any local events! We are licensed and insured CCB 247701. 

Post: Newer GC Seeking Investors & Partners

Morgan BrownPosted
  • Posts 5
  • Votes 4

I’m the owner of a relatively new General Contracting business based in the Portland metro. I’m licensed for Residential and Commercial, bonded and insured, Oregon and Washington (shortly.)

We started operating in September of 23, and have been going steady since but what we really need are consistent projects for investor clients and I’m looking for a partner to join us (there are two owners currently at 80/20) and put some operating capital into the business to keep us going through our first in-house flip.

We own a property we will be fixing this summer, and we could definitely do more, but we are limited by operating capital. We have processed $170k in invoices so far this year and on track to do $510k for the year, minimum - we have solid advertising and estimating. The model works, we just need to keep going to get there!


If you’re looking for a local investment, a woman-owned business to work with, and a company to partner on managing your flips, we’ve got the perfect setup for you. Shoot me a message or an email at [email protected].