All Forum Posts by: Morgan Pierson

Looking for an investor for a multi-lot high-end private home development in sought after ski area in SW Colorado. Lots are located in a private gated ski & golf community. Project plan separated into 3 phases with initial phase requiring $2.4 million investment which would make the lots shovel-ready with all necessary infrastructure in place. This alone values the lots at just over $10 million. Phase 2 is the development of 1 - 2 lots to gauge market appetite. Phase 3 is full completion of remaining lots.

You would be partnering with a seasoned developer with 46 years of experience developing high-end private homes in some of the most sought after markets in the country: Developer Portfolio

We are able to provide a full investment package after initial meetings and introductions.

Hello BP,

I'm using the BP Rent Estimator tool for a multifamily, and I am wondering how to use the median rent estimate that it provides. Is that estimate for each unit or for the entire property? In other words, if I run estimates on a duplex and it gives me a median rent of $1000, should I be doubling that since it is 2 units, or is that $1000 for the entire property? Thanks in advance!

Hi BP! I’m curious what resources you use to find investors/partners for deals that you are unable to finance by yourself? I know BP community is great, but any other resources you recommend checking out?

Hi BP,

I'm actually making this post on behalf of my father who is currently seeking an investor(s) for a development deal consisting of 6 single-family homes in a gated golf community 15 min from a popular Colorado ski resort. The initial investment required is about $3.5M. He has already shared the investment package with his contacts who are actively looking it over, but I thought I might reach out here to see if anyone has any guidance as to where to look online for investors interested/capable of investing in larger-scale opportunities

Anyone have experience investing abroad in the EU or Latin America? With the $$$ exchange rate in some countries I’m wondering if anyone has explored investing in foreign properties and what that experience has been

Hello BP! Quick questions regarding the FHA Multifamily Loan. Does anyone have a resource on the limits of this loan type. This loan is for properties with 5+ units, but I am unable to find the loan limits on a state-by-state basis. I am currently looking at a few properties that meet the requirements, but they are significantly more expensive than a property with 4 or fewer units that would fall under a traditional FHA loan.

Hi all! First-time investor here looking for any and all advice. I want to lay out my current situation + goals. I apologize in advance for any overshares, but my hope is to be hyper-transparent to get some advice specific to my goals as I dive into the world of real estate. 

Financial Situation:

- Single professional ($200k / annual salary)

- Remote job (can work anywhere / establish permanent address anywhere)

- ~$100k savings (between checking, index funds, and small crytpo portfolio)

- Grew up in Southern California (I don't intend to invest in CA, but it is the market I am most familiar with so I am really looking for advice on how to confidently branch out to other more affordable markets with better ROI)

- Dad is a real estate developer based out of Southwest Colorado (considered stepping into this market, but not familiar with it's ROI compared to other states commonly mentioned here)

Goals:

- Develop passive income streams to match/exceed current salary (I'm trying to escape 9-5 life ASAP)

- I plan to utilize an FHA loan to minimize my down payment on my first property (ideally looking for a 4+ unit building where I would rent the smallest unit for myself and maximize the rent from the larger units). Since I can work remotely, I would try to travel often and utilize my own unit as a short-term rental income property as well

- After that initial property, I'd like to use my real estate portfolio to grow itself (use fha property as collateral for additional properties, but I am not sure if this is possible)

Again, I am just getting started so any and all advice is appreciated. I'm really just looking to answer the question, "If you were in my situation, what would you do?" Finally, some markets I am looking at are AZ, TX, CO, and FL. Thank you in advance for your advice!