All Forum Posts by: Scott Matthew C.

@Sean Meshki Nice to meet you. 

I would advise reading "Rasing Private Capital by Matt Faircloth" for starters. It's also available via audible. 

Starting a new real estate investment company sounds like an exciting venture. Regarding your question about a good PowerPoint investor pitch deck, there are many great examples available online. A simple Google search for "real estate investment pitch deck" should yield some results.

In terms of the length and content of the deck, a 10-15 slide deck is a good target, as it allows you to provide enough information without overwhelming your audience. To introduce your company, you might include a brief overview of your team's background and experience, as well as your mission and vision for the company.

Regarding your investment strategy, it's important to provide a clear and concise summary of your approach to investing in real estate. This might include information on the types of properties you plan to target, the markets you plan to invest in, and any specific methods you will use to generate returns.

To support your investment strategy, you can include some growth and ROI stats for real estate investments in the USA/California/Los Angeles area. This could include information on recent trends in the real estate market, as well as any success stories or case studies from similar companies.

Here's an outline for a pitch deck for a real estate investment company to raise money:

1. Introduction

• Company background and mission
• Team introduction

1. Problem

• Overview of the current real estate market and the problem your company aims to solve

1. Solution

• Explanation of your investment strategy
• Description of the types of properties and markets you plan to target
• Overview of your team's experience and qualifications

1. Market Opportunity

• Overview of the real estate market in your target areas
• Statistics and data to support the market opportunity

1. Competitive Landscape

• Analysis of competitors and their strengths and weaknesses
• Explanation of what sets your company apart

1. Business Model

• Explanation of how your company will generate revenue
• Description of your investment process from property acquisition to exit

1. Financial Projections

• Overview of expected return on investment (ROI)
• Projected revenue and growth over time

1. Investment Request

• Description of how much funding you are seeking and what you plan to use it for

1. Conclusion

• Recap of key points
• Call to action for potential investors to get involved

Remember, the purpose of a pitch deck is to provide a clear, concise overview of your company and investment strategy. Each section should be focused and to-the-point, with visually appealing graphics and minimal text. The goal is to pique the interest of potential investors and encourage them to learn more about your company.

I hope this helps.

Best of luck to you!

@Javonte Wimbish. Nice to meet you. 

Thank you for sharing this potential deal with us. It sounds like there may be a good opportunity to wholesale these two acres from the handyman, despite the back taxes owed.

Regarding your question about how to handle the deal, I would suggest doing some due diligence to ensure the property is worth the investment. This could include checking the current market value of similar properties in the area and verifying any liens or other outstanding debts.

In terms of the seller's asking price, it may be possible to negotiate a lower price based on the back taxes owed and the fact that the seller only wants to sell two acres. You could also consider offering to pay the back taxes as part of the deal.

Finally, as you mentioned in your post, if you feel that you are not the best fit for this deal, you might suggest that the seller consider working with another wholesaler who can help put the deal together. In this case, you could offer to split the profits with the other wholesaler in exchange for their assistance.

I hope this information is helpful. Let me know if you have any further questions or if you would like to discuss this opportunity in more detail.

Best of luck!

@Geoffrey Robinson

I suggest reaching out to the National Association of RV Parks and Campgrounds or the RV Industry Association. They may be able to provide you with recommendations for a consultant. Additionally, you may want to consider networking with others in the RV park industry to get referrals or recommendations.

Please note that while BiggerPockets is a great resource for real estate investment advice, it primarily deals with real property. If you are specifically looking for an RV park consultant, it may be better to seek out other resources.

Best of luck with your RV park project!

Hi @Ali MirRasekhian nice to meet you. 

I understand that you've been running numbers through the BP BRRRR calculator and are still getting negative cash-on-cash (COC) returns on your properties. I'm happy to help you with your questions.

In regards to your first question, the typical closing costs for a Hard Money Loan on the acquisition can vary. However, a general rule of thumb is to expect between 2% to 5% of the total loan amount. It's important to note that some lenders may charge additional fees, so it's always a good idea to ask for a breakdown of all costs associated with the loan.

As for your second question, closing costs can also vary depending on the state and property location. However, a general rule of thumb is to expect between 2% to 5% of the purchase price. You may also want to factor in additional costs such as property taxes, insurance, and any pre-paid expenses.

I hope this information helps you with your calculations. Please let me know if you have any other questions or if there is anything else I can do to assist you. 

Best of luck with closing on your first property!

@Aaron Schrader Nice to meet you.

It sounds like you have a unique piece of real estate on your hands with great potential. Here are some initial thoughts and ideas:

• The location of the property is a great selling point, being in close proximity to Black Hills and tourist attractions. This could be marketed as a selling point to potential RV park visitors or as a potential commercial space.
• Since the property is commercial zoned, have you considered turning the building into a storefront or retail space? The old-school charm could attract customers, and the location could draw in tourists.
• Depending on the size of the building, it could be converted into a small hotel or bed and breakfast. This would require additional investment but could potentially yield higher returns.

As for the RV park, here are some points to consider:

• The power drops for each RV spot would be necessary and adding water hookups would make the RV park more desirable for potential renters. Adding sewer may be costly and could be a potential barrier.
• Have you considered marketing the space as a campground instead of just an RV park? This could attract more visitors and offer more opportunities for revenue streams, such as events or activities.
• It may be in your best interest to research local regulations and restrictions for RV parks and campgrounds. This could provide valuable insights and help mitigate any potential issues.

One last suggestion would be to consider getting a feasibility study done to assess the viability of the RV park and potential alternative uses for the property. It may also be beneficial to work with a commercial real estate broker who has experience with the ideas you're considering. They can provide insight into any potential challenges and opportunities for the property.

I hope these ideas have been helpful to you. 

Best of luck!

**For those who are new to real estate investing, a feasibility study is an analysis that evaluates the practicality of a proposed project or system. It assesses a variety of factors such as economic, technical, legal, and scheduling aspects to determine whether or not the project is feasible and how it can be successfully implemented. The goal of a feasibility study is to identify the strengths and weaknesses of a project, as well as any potential risks or obstacles, and to provide recommendations for moving forward. It would be in your best interest to get a feasibility study done for this property. Additionally, you may want to consider working with a commercial real estate broker who has experience with the ideas you're thinking about.

 @Chad U. Nice to meet you. This is a Non-Performing Note. Thanks for your reply. 

@Kathryn Mullen Nice to meet you. I wish it were under better conditions.

I apologize for your negative experience with Johell Aponte and Move On House Buyers. It's unacceptable that you paid over $14,000 for a safe and secure home only to be met with multiple unresolved issues for an extended period. The condition of the house you rented, including the easily condemnable toilets, the flooding garage, and the lack of hot water, is certainly not what you were promised.

Furthermore, the lack of response from Johell Aponte or his management company is completely unacceptable. It's concerning that despite the fire hazard with the main breaker box, no repairs have been made, and your attempts to contact them have been ignored.

I understand your frustration and recommend seeking legal advice or contacting your local housing authority for support. You may also consider leaving a review on relevant platforms to warn others about your experience with this company.

I hope this situation can be resolved quickly and you can find a safe and secure home that meets your expectations. 

Best of luck!

@Spencer Grooms. Nice to meet you.

It's great to make your acquaintance! Although I am not from your state, I am always excited to connect with fellow real estate enthusiasts who share a passion for this exciting industry.

I completely agree with you about the value of BiggerPockets' resources, and I would love to sit down with you to discuss the real estate journey(s). It's always beneficial to share ideas and experiences with other like-minded individuals.

If you're interested, we could set up a virtual call to discuss your interests and experiences and mine in more depth. I'm available at your convenience, so please let me know what works best for you.

I'd like to note that I am selective with whom I meet, so I appreciate the opportunity to connect with someone who is passionate and dedicated to real estate investing. I believe we can learn a lot from each other, and I hope we can continue our conversation.

I am looking forward to hearing back from you. Talk soon. 

@May Thompson Nice to meet you.

Hi! It's great to hear that you're interested in real estate investing. As a beginner, it can be overwhelming to navigate the many options available.

Wholesaling and rental properties are two popular ways to get started in real estate investing. Wholesaling involves finding properties that are under market value and then assigning the contract to another investor who will purchase the property. Rental properties, on the other hand, involve purchasing a property, possibly rehab, renting it out to tenants, and Landlording..

If you're working with a limited budget, wholesaling may be a better option as it typically requires less capital upfront. However, it's important to note that wholesaling can also be a very competitive field, and it can be challenging to find properties that are priced low enough to make a profit.

If you're interested in rental properties, short-term leases can be a good way to generate income. Platforms like Airbnb have made it easier than ever to rent out a property on a short-term basis. However, it's important to check local laws and regulations regarding short-term rentals, as some cities have restrictions or require permits.

In terms of advice, it's important to do your research and educate yourself on the real estate market in your area. Look for local real estate investment groups or attend workshops to learn more about the industry. Networking with other investors can also help you find potential deals or opportunities.

It's also important to have a solid understanding of your finances and budget. Real estate investing can be a risky venture, so it's crucial to have a financial plan in place and to avoid overextending yourself.

Reading "Raising Private Capital" by Matt Faircloth can be a great starting point for learning about creative ways to fund your real estate projects. This book provides practical advice on how to secure private capital for your investments, as well as tips on how to build relationships with potential investors.

Learning how to raise capital is a crucial skill for any real estate investor, especially if you're starting with a limited budget. By building a network of private investors, you can gain access to the funds you need to purchase properties, make repairs, or fund other aspects of your business.

Faircloth's book covers a wide range of topics, from building your investor database to structuring deals and negotiating terms. It also includes real-life case studies and examples to help you understand how these strategies can be applied in practice.

Overall, "Raising Private Capital" is a highly recommended resource for anyone looking to start in real estate investing or who wants to improve their skills in raising capital. It's a practical guide that can help you get started on the right foot and build a successful real estate business.

I apologize for being long-winded in my reply, and I hope I haven't bored you. However, I wanted to ensure that my response was as informative as possible and that others could benefit from it.

Best of luck to you!

 Thanks for the advise much appreciated.