All Forum Posts by: Nami Do

Hello BP Family,

I am looking to purchase a warehouse North of Houston, TX. The purchase price is 1.6M and seller if offering 5% IR at 25% LTV and 30 year amortization. The property looks good and sits at 8 cap at the moment. I have some funds committed from investors but I am wondering if I can get a SBA loan to put in capital into my own deal? Has anyone done this? Thank you!

So I live in Texas and my LLC is established in TX. I want to turn my LLC to a series type LLC where I can create other llcs. I have form from Secretary of State (Certificate of Amendment). It has a section to Add/Alter/Delete Provision, I am thinking adding verbiage to allow for series LLC formation in "Add provision to the certificate of formation section. This is Form 414 - General Information (Certificate of Amendment).

Are there any Realestate Attorney on here?

So I live in Texas and my LLC is established in TX. I want to turn my LLC to a series type LLC where I can create other llcs. I have form from Secretary of State (Certificate of Amendment). It has a section to Add/Alter/Delete Provision, I am thinking adding verbiage to allow for series LLC formation in "Add provision to the certificate of formation section. This is Form 414 - General Information (Certificate of Amendment).

Are there any Realestate Attorney on here?

So I have been flipping homes for a couple years now. I am looking to purchase a 8 plex in San Antonio, I have a couple people willing to invest with me on this deal. I have a LLC already established, one of the investors wants to invest with his self directed IRA. I know people can invest in realestate with IRA, but I do not know how I would go about accepting this funds, would anyone happen to know?

So I own ~5 acre of land, I am looking to develop the land for RV and Trailer Parking. Land is in South Houston not too far from major airport and there are a couple residential builds near by. There is one RV park not to far from me that is fully occupied.

I want to understand what is needed to stabilize the dirt lot for parking. My hopes is to rent out the lots for parking. What should I know when going through construction. I know I would need permits and fortunately Houston does not have zoning restriction.

My question is when working with contractors what should I know. I know I would need a Stormwater Detention. I got quotes from a couple contractor and they said I need 6"-8" of gravel for parking. Is that true? I cant find many resources. Also the quote that I got the material cost is ~2x what it should cost (I called a local supplier for gravel).

Financing is not a problem for me. I want to make sure I am not taken advantage of from the construction perspective. Would anyone happen to know a good contractor that does excavation and surface stabilization. 

Thank you!