All Forum Posts by: Travon Allender

@Jacob Sampson @Rob Beeman 

Thank you both for your quick insightful replies.  Looks like I need to continue saving up my own money (skin in the game) to be more attractive to whomever I get the money from and in a better position.

Thank you for taking the time to read my questions and hopefully steer me in the right direction. 

These questions are hypothetical and continually have popped into my mind.

QUESTION #1: I believe I have a great deal (per the Biggerpockets 'Rental Property Analysis' calculator). Is there a common practice to shop this deal around (for funding) to let's say private lenders, without them theoretically stealing the deal (Property) from you?

QUESTION #2: Using a general scenario. Fixer upper purchase price $50K, Rehab costs $40K, ARV $130K, and Refi $130K. How would an investor structure a deal that is attractive to the Hard Money Lender, Private Lender and/or a combo of both? Also how would you (in terms of how long you are holding up their money) show a private lender that they're money will earn more (ROI) in this real estate project than collecting dust in their bank?

Thanks @Breelon Bryant. Do you mind if I throw a couple BRRRR related questions at you? If so, thanks in advance and here goes (below). These questions are hypothetical and continually have popped into my mind.

QUESTION #1:  I believe I have a great deal (per the Biggerpockets 'Rental Property Analysis' calculator).  Is there a common practice to shop this deal around (for funding) to let's say private lenders, without them theoretically stealing the deal (Property) from you?

QUESTION #2: Using a general scenario. Fixer upper purchase price $50K, Rehab costs $40K, ARV $130K, and Refi $130K. How would an investor structure a deal that is attractive to the Hard Money Lender, Private Lender and/or a combo of both? Also how would you (in terms of how long you are holding up their money) show a private lender that they're money will earn more (ROI) in this real estate project than collecting dust in their bank?

@Breelon Bryant I'm also new. How do you navigate to the 'Rental Property calculator ' from within the Biggerpockets phone app?