All Forum Posts by: Jay S.

@Kevin Romines  Thanks for the break down very helpful.

@Joe Fairless Thanks for stopping in & posting. I've heard of the Master Lease's I need to dig deeper on them to gain more detailed information about how they work in the big commercial deals.

@Curtis Bidwell Thanks for posting & I like your creative setup.

@Ursula B.  Thanks for posting. Is that your first time doing something like that?

@Bill Gulley  Thanks for posting & I read a lot of your post (some a bit long but well worth the read lol) I'm very much into the law side of things & do a lot of reading & researching with my Black's Law Dictionary. I like the way you bring in other ways to create a deal trucks, boats, etc.

@Mike Landry  Thanks for posting, I will have to some more research on delayed financing & good luck with your plan. Yea plan B income is always a plus.

I feel you should let her stay. Do not disturb the old loyal lady's comfort by causing stress to her to come up with the finances & headache on finding a new neighborhood/home that fits her standards where she already is now behind $45 dollars less a month. 

Let her continue to be a peaceful loyal tenant. 

Would you want someone to do that to your mother/grandma?

@Ned Carey oh okay, I will have to do just that. Thanks a lot for stopping in on this post with this information.

@Joel Owens thanks for your post. I seen it on realtor dot com & was curious about how exactly that would workout for an investor.

Why exactly or a reason(s) do you think this would happen? There are plenty of other surrounding 4-plex buildings just like it all down that particular street.

Zoned as single family only cannot be used as a 4-Plex. Large 4-Plex 2 story town house style with private patio. All units have central air and heat, separate entrances and storage lockers. This property has been rezoned to single family dwelling.

Could someone chime in on what pros & cons this may have.

Thanks

@Doug McLeod  Oh okay, makes sense & thanks again for posting.

Do you attend any of the local REIA's in the Houston/Cypress area?

@Doug McLeod Wow, I had to read that a few times to wrap my head around the details of how you use OPM.

So tell me this, when you say "secured against another property" this means that if the loan  is not paid back, you would have to sell/refi the property that is being used to secure the loan to return the funds borrowed & agreed to be paid back by a certain period.

Also, could you help me understand this "12 months at 10% interest only payable monthly"(I get that part) but what is the terms for the remainder of the loan? How is it satisfied, what is the time frame of when it must be paid back to lender?

Thanks Doug for your time & help!

I would like to read an example of some of you guy's creative financing deal structuring you've put together with no &/or little of your own money down. 

I'm posting this forum to get a better understanding of how this is possible & ideas I can potentially use to structure my first & for learning purposes on future deals.

How many partners used?

Bank, private, or hard money or all 3?

What was your stake in the deal after using others money?

SFR or MFR?

Long term or for the short term?

Percentages divided?

Who was in 1st & who was in 2nd position?

Thanks in advance.