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All Forum Posts by: Michael Timothy

Michael Timothy has started 3 posts and replied 13 times.

Post: Hard Time Raising Capital

Michael TimothyPosted
  • Rehabber
  • Sandpoint, ID
  • Posts 13
  • Votes 0

Thank you Brian for the incite. No shortcuts for sure.

Post: Hard Time Raising Capital

Michael TimothyPosted
  • Rehabber
  • Sandpoint, ID
  • Posts 13
  • Votes 0

Sal, We cant access the IRA money yet as a deposit for the Hard money. What we are trying to do once we have access is in the first month (weeks 1-4) purchase and have begun Rehab projects on our first property. In the second month our first property will become listed and will then purchase one home in that 2nd month, (weeks 5-8). We need to have the funds to cover the inventory and renovation expenses.

Post: Hard Time Raising Capital

Michael TimothyPosted
  • Rehabber
  • Sandpoint, ID
  • Posts 13
  • Votes 0

Mr. Hwang,

Much appreciated taking the time out and providing a valuable resource. Very grateful Sir that you would be so kind to share your knowledge.

From point #8 we have not put into place a hedge such as international Real Estate. Mostly analyze the property through a criteria that is able to produce returns from 3 or 4 viable avenues if markets collapse or level off. Investor Return is always number one.

You have given much to think about and to reevaluate.

Thank you,

Post: Hard Time Raising Capital

Michael TimothyPosted
  • Rehabber
  • Sandpoint, ID
  • Posts 13
  • Votes 0

Kenneth,

It is not in a Roth and we are trying to roll it to a way we can use the funds. Hopefully soon. Thank you Kenneth.

Post: Hard Time Raising Capital

Michael TimothyPosted
  • Rehabber
  • Sandpoint, ID
  • Posts 13
  • Votes 0

Thank you Joe. You are right.

Post: Hard Time Raising Capital

Michael TimothyPosted
  • Rehabber
  • Sandpoint, ID
  • Posts 13
  • Votes 0

We do have exit strategy and we do have 200k in IRA. Our criteria does allow for a 20% return but we do not want to over promise on a first deal with investor. That is why we offer upside return on ROI.

Post: Hard Time Raising Capital

Michael TimothyPosted
  • Rehabber
  • Sandpoint, ID
  • Posts 13
  • Votes 0

Mr. Gore we are presenting a 10% return for the investor for use of funds with upside participation above a certain ROI on property.

Post: Hard Time Raising Capital

Michael TimothyPosted
  • Rehabber
  • Sandpoint, ID
  • Posts 13
  • Votes 0
Originally posted by @Brian Ortins:
Are there any local REIA/investment club meetings in your area? That is a great place to network and find investors that are looking to put their money to work. I personally had success with using family and friends when getting started. Have you asked your hard money lender to connect you with local investors that they lend to? I would think that they are a great resource. Also ask fellow BP members in your area who they do business with. Most important part of raising capital is your integrity and reputation. You need to show others that you are responsible and trustworthy before they hand over large sums of money. Also, offer to secure their money to the real estate involved in the deal. Hope this helps!

Thank you Sir,

Great information and incite. Will use it wisely.

Post: Hard Time Raising Capital

Michael TimothyPosted
  • Rehabber
  • Sandpoint, ID
  • Posts 13
  • Votes 0

My partner and I have everything in place. Accountant, Lawyer, Business Plan, Real Estate Agent, Project Manager, General Contractor, Joint Venture Agreement, Hard Money Lender but what we cant seem to get is investors. What should we be doing to be pro active to get in front of Capital. Where do we find interested investors? What questions should we be asking?

Post: Exit Strategy for investors

Michael TimothyPosted
  • Rehabber
  • Sandpoint, ID
  • Posts 13
  • Votes 0

Finishing up business plan to present to investors for capital infusion into the REO, SFR, and commercial markets. Need help for solid plan for Exit Strategy.