All Forum Posts by: Nick Belancin

I am a minority stakeholder in a company that manages 2 companies, I manage daily ops - one is a construction company and the other is a real estate holding company. I cannot cash out of my equity or use that as collateral due to a noncompete. 

Due to the aforementioned non compete I do not want to publicly air more details than necessary. I’ll privately discuss the inner-workings of said business privately if deemed necessary. 

I am not trying to gain credibility with anyone here, just wanted guidance to fast track my personal portfolio using a funding method I am not familiar with - that’s it.

 I’ve offered multiple times now to show you my books, tour our offices, see our cash flowing properties. I am 100% transparent and the furthest thing from a scammer. If you’re not going to take me up on that offer that’s your problem. 

As a last resort I see you have ran out of coherent arguments as to why your sure I’m so wrong and resorted to false accusations and name calling. So, have a good night. 

Feel free to PM me if you want to connect. 
im out of central Indiana. If you go back through and read some of the things I put  

Building is $60k (owner told me 70 but I know I can get it for lower than that). My company has the building across the street and he approached me about purchasing it. He is in over his head right now. It needs reno and based on the building were in now I believe I can get it done for approximately 160k. That’s how I got to the 220 number. There is another building I’d like to get my hands on that’s is about 50k in purchase price and $50k in reno. 

Anyways shoot me a message if you want to talk more. 

 Im not sure what you’re trying to get it. 
like I said feel free to come back out our facilities. 
The last deal we did was 3 units, a duplex and single family. Purchase price was $21,000. Single family was rented already for $400/mo. We bumped rent to $450 after possession. Duplex needed painted, flooring and appliances - Invested maybe $5000 in that. We're putting in new quartz tops on next month so add another $1200 to that investment. Both sides rent for $1200 total/mo. (550 for the 1 bed and 650 for the 2 bed). Property taxes and insurance is $2k a year for everything. Total investment was $26,000+$1200 next month. NOI is over 16k/yr on a $26,000 investment.

 False, it’s existent AND we currently have a multi family in the mid 30s over the last 3 years. We buy smart and have our own crew and vendor contracts.

We focus mainly on class C and lower class B properties. It's not for everyone, but I (we) have made it work very well. I am using total investment in the cap rate calculations not ARV. ARV should be somewhere in the $550k range.

I welcome you to come tour our offices and go through several of our properties. I have absolutely nothing to hide. 

I am looking for OPM so I can try to build my portfolio back up quicker since I have several individuals offering to sell me property. Furthermore, I didn’t specifically ask you for OPM. So unless you actually have some worthwhile advice or are interested in seeing our facilities you can show yourself out. 

First it was impossible, now it’s horrible so which is it??

 High cap rate may equal high risk to some, but in my niche it has worked well. I have had some tenants paying every month since 94 with only 2 evictions since 2014 through all of my units and my companies units. 

You know what - you’re right LOL! Thanks for the input buddy, the laugh was a great end to my week. 

I do, actually. Let me do some quick math for ya since it’s apparent that you don’t think good deals are out there. 

Okay, so initial investment is $220,000. I’ll even call it $250,000 if it makes you happier. 

10 2 bed units grossing $950 a month is $9,500 plus 1 commercial restaurant brining in $2500 a month and 1 commercial office brining in $500 a month. That works out to be $12,500 a month. Let’s Be generous and say I have a 10% vacancy rate (which I or my company never has had), that works out to be $11,250 a month in income. That’s $135,000 a year. property tax is $3500 a year. Let’s say I have 10% in repairs and my agent already quoted $3900 a year for insurance. So that should net $114,100 a year. $114,100/$25,000 is .4564 or 45.64%. 

Even if I had to drop the rents to $600/unit I’m still at 36%. 

Since you have so much doubt, just let me know and I would love to take you through all of my companies rentals and show you my accounting records. PM me if you want to set something up! 

 My company is located in north central Indiana. All of the properties I buy/have bought have been in smaller towns with populations less than 7500 and subsequently have a housing shortage right now.

My company that absorbed all of my real estate owns the building across the street from the 10 unit and has hard numbers and a waiting list of people wanting to move in to prove my point. 

Again, just because you haven’t seen it doesn’t mean it doesn’t exist. 

I am open to either. However, I am concerned if I give up equity I will also give up control  and freedom if I have partners though. 

 No troll here. 
1 property is mixed use 10 unit residential and 2 unit commercial. Will bring in 11,000 a month after my crew goes in and renovates the residential parts. Purchase price is 60k, renovations are 160k. Rough math after vacancies and expenses should put me in the mid 40s. 

Other is 6 unit residential 50k purchase 50k reno brings in 40k a year. After vacancies and expenses my rough math works out to be low 30s. 

Just because you haven’t seen it before doesn’t mean it doesn’t exist.