All Forum Posts by: Navin Kumar

Folks,

I am looking for some recommendation on hard money lenders who can finance deals in the DFW area. I have so far come across Sherman, 212 Loans, CBRE and DoHardMoney and their terms are pretty close to each other.

Please share your inputs on who is the best HM lender out there in your experience.

Thanks,

Navin

Thanks all

Thanks all

Hello folks,

I want to better understand which cities is the BP investor community is focusing for turnkey investments in the price range of 60-80K. I am focusing on Cleveland and St. Louis suburbs at this point and wanted to see which other cities are good candidates for turnkey buy and hold investments.

Thanks,

Navin

@Patrick Ellis Thx Patrick.. just sent you a txt msg.

@Brent Coombs 

Hi Brent... I just sent you an invite to connect. Can you please accept ?

@Jason Hirko Agreed. Moreover, I need to pay 5K above LP to secure this property and with my very first deal, I'm not getting the warm and fuzzy feeling. Let me think over it, while I wait for the rest of today for any other inputs to my thread.

Thank you

1. Worst case scenario is that the occupancy reduces to 75% as one of the unit's lease is up in Nov 2016 and it will be a slow month to find a new tenant. With worst case scenario, it is coming up to be -1.7 percent CoC. This is my first deal and I want to avoid the risk, based on all the advice I can gather here. I plan on using conventional financing and the numbers I posted above reflect that.

2. Second scenarios is where I calculated with the assumption that there are 3.5 units in all and not 4. With this, the CoC comes up to be 3.5 %

Note that I've not yet included the closing cost and am currently running those numbers.

Here it is... 4-plex 

1. It does cash flow still

2. These numbers include CAPEX and reserves at a conservative level

3. It does fit my criteria, but I'm looking for advice if its okay to ignore the 50% rule