All Forum Posts by: Ricky White

 because you didn't bother adding any details in the title and most people won't bother even opening it. so you lost a large audience because the title just said "question". 

makes sense? 

 because you didn't bother adding any details in the title and most people won't bother even opening it. so you lost a large audience because the title just said "question". 

makes sense? 

@Ricky White Like @Brian Tremaine said, there's not really enough info. And also, if you are trying to put together a deal where you're bringing in investors, 60% is probably a bit low of an equity stake for them. Typically, the investors should be getting an equity stake of 75%-80%. 

Also, your exit strategy, whether selling the property or refinancing and paying off your investors should be no more than about 7 years, with 5 years being more appealing to most.

Hope that helps some.

terrible way to start a thread.  you should get a do over.  thread title and question. 

@Ricky White Like @Brian Tremaine said, there's not really enough info. And also, if you are trying to put together a deal where you're bringing in investors, 60% is probably a bit low of an equity stake for them. Typically, the investors should be getting an equity stake of 75%-80%. 

Also, your exit strategy, whether selling the property or refinancing and paying off your investors should be no more than about 7 years, with 5 years being more appealing to most.

Hope that helps some.

Hey folks! 

So, I think the idea is terrific, but I'm not sure we have the manpower to make anything real official right now, other than perhaps just creating a Google doc? Our developer has a list with well over 100 items on it (including our broken iPhone app and the upcoming wholesaling calculator!) so he's probably 6-8 months out on any new projects!  

That said, the community is more than welcome to create something, perhaps a Google doc? Thoughts?

Still having problems with the math.  8 units all occupied is 100% occupied.....not 80%.

Finding a deal on an occupied MF is more challenging because the owner is receiving income and is often less motivated to sell.  That being said there are landlords that have challenging buildings or tenant pools that would gladly sell in order to receive income and not have to manage the property.  Find a building that has problems and make a seller financing offer to the owner that replaces their rental income.  

But first work on getting enough cash/credit to manage your personal finances. 

Hey @Ricky White what seems to be the problem on getting the book? Order page is down?

@Ricky White

If you have bad credit and limited finances, you have to be creative. Consider doing a partnership in which your partner supplies the cash and you do the work, and then you can split the profits. Another option would be to see if the seller would be willing to carry the financing, allowing you to purchase the property and provide them with steady monthly income instead of one lump sum of cash (on which they would pay heavy taxes).

There are also other options you can find in Brandon Turner's book Investing in Real Estate with No and Low Money Down. It's a great resource for creative financing, and could potentially be very helpful for you.

Hope this helps, good luck!