All Forum Posts by: Natalia Benshaw

My husband owns qualitykitchensforless.com and can ship anywhere for a fraction of the cost of Home Depot etc.  He imports directly.  Just need someone to assemble and install.

Do you lend in CA?

Hi!  I checked it out online.  Can you DM me a little more about the areas industry and economics?  Thanks!  

@Marty Johnston  https://www.biggerpockets.com/users/RTruss Sure!  My email is [email protected].  Do you have any products that also share in equity? 

Thank you Dhanush! I have done countless deals over the last 18 years but mainly SFR flips and I also owned a mortgage and realty company for many years. They want me on board because of my knowledge base in lending, multi-fam, short sales and construction. However, I have not considered a long term partnership with a team of similar minded people so thats where I am struggling. We are trying to come up with a long term partnership agreement whereby this is my sole job for the benefit of the partners which would include myself. Based on this info any specific feedback?

Hi!

Thanks for looking! I am a broker for 18 years and former lender in the LA area. I consider myself well versed on all sides pf the closing table, have fixed and flipped many homes in the L.A. area and have owned all across the country over the last 16 years. Looking for financing on two deals that are next door to each other!  

One is a 10 unit and the other 18 units.  

10 unit:  Please note that BP does not have a field in their calculator to finance in construction costs so I would in fact want to roll that in and prefer to have payments deferred during the rehab period.  Acquisition + Rehab = 275K

https://www.biggerpockets.com/calculators/shared/1...

18 unit:  Pretty much the same as above however the loan here would be approx 400K - 300k acquisition + 100k in rehab.

https://www.biggerpockets.com/calculators/shared/1...

Please message me if this is in your wheel house OR if you know someone who would like to partner with me on these!

Hi!  

Thanks for looking!  I am a broker for 18 years and former lender in the LA area.   I consider myself well versed on all sides pf the closing table, have fixed and flipped many homes in the L.A. area and have owned all across the country over the last 16 years.  My family imports cabinetry so I can also supply those materials at cost for this project.  I grew up in construction and from all of my transactions over the years I have a pretty good handle on construction costs and overseeing rehab.  I have transitioned into ONLY buying multi family and I need a partner on this one!  These buildings are the same seller and next door to one another.  I would like to turn them in to a little student housing community of furnished units with security cameras, wifi and some other student like amenities.  

The first one is a 10 unit.  Please note that BP does not have a field in their calculator to finance in construction costs so the cash need would actually be approx $82,500 + Closing costs (30% of 275k - 200k acquisition + 75K in rehab = 275K)  The lender I have used before will defer payments during the construction period and the contract states that the building will be delivered vacant.

https://www.biggerpockets.com/calculators/shared/1...

The second one is an 18 unit and is pretty much the same as above however the cash needed here would be approx 120K + Closing Costs (30% of 400K - 300k acquisition + 100k in rehab = 400K)

https://www.biggerpockets.com/calculators/shared/1...

Summary: 

I will handle obtaining financing, negotiating/overseeing rehab, will fly out to the property before any contingencies are removed and handle all ongoing management outside of the property manager. 

I need a capital partner to either share in the income and equity long term OR be willing to be cashed out at the time of refinance OR if they cannot be completely cashed out be willing to maintain fractional ownership long term.  Open to other ideas as well!

Please message me if you are interested in partnering OR if you are a lender that specializes in investments such as this.  Thanks :)

Thank you so much gentleman!  Noted all of your feedback!