All Forum Posts by: Patrick K.

Hi all, have been binging on BP podcast these days, I keep hearing Mr. Greene mentioning whenever he gets into a project with a partner, he prefers a "loan partner" rather than an equity partner. 

I am wondering how does one set up this partnership?

Is there any difference between a "loan partner" and a private lender

Is the "loan" registered against the property?

if so, will it interfere with getting a mortgage? assuming a lender doesn't like/allow a second mortgage?

Thank you for your time. 

Hello all, 

I have assembled a lot for redevelopment, currently only missing the corner property, and they just put it on the market. 

property is 3.4 mill, Now I do have enough for 25%, but since it's commercial, and based on DSCR and its existing profit, I estimate I can only get a 1.5 mill loan. don't want to carry a 75% private lender either, so I am looking at a potential partnership.

Can someone shed some light on how this type of partnership is normally formed? i.e. I already own a few properties on the lot, the partner will only invest into this corner unit. since we are looking to re-develop. how do I calculate how much "pie" to give the investor? 

thank you for your time. 

 Thank you for your reply, at the end of construction. will they re-evaluate the property and loan out based on that instead of the cost of construction? because normally you want the final product to be worth more than the total cost of the product if you go through the trouble of building it yourself. 

Hi all, 

I noticed today that when I do STR research in an area on airbnb, it no longer allow me to not put in a date as before. If I leave it blank it just default to "any week" which does not show all properties anymore, any work around?

As a host my biggest fear when running an airbnb is some teens start a party. which is hard enough to prevent if all your listing is clustered in a city (you can hire someone to patrol during party hours). but his listings seem to spread out all over the place. he doesn't even have a management company and instead manages all of them himself. 

how did he do it?

humble bump

I was wondering if glamping is allowed in areas where STR is normally prohibited. thank you for your time.