All Forum Posts by: Ronny Tiburcio

Hey guys, I had a question about a deal I have under contract. Its a 2 story building where half of it is a commercial space and the other half is a 4 bedroom apartment. Im trying to figure out all my options in terms of financing this property but I am not sure what kind of financing I can get for something like this. 

Ideally I would like to rent out the upstairs and half of the downstairs and use the other half of the commercial for my self. Not sure if a bank would finance that. Does anyone have any experience with this kind of deal?

@Jacob Malakoff hey there are no requirements to attend. The agenda is posted above so you can have an idea on what we will focus on. See you tomorrow! 

@James Hutley Just keep going. Keep flooding the funnel with more and more offers and sooner or later, one of your offers will get accepted. As long as you stay true to your process and numbers, you'll be fine. 

If you are making offers in the same area, you might want to look at what kind of market you're in and what kind of offers are you losing to. In a hot market, a lot of people and companies are paying cash so for example if you would offer something with financing and you're in a all cash town, that can be a big reason why your offers are getting declined. 

For this weeks meetup, we decided to take a new approach. We realized that a lot of the people who attended our previous meetups really enjoyed the “deal deep dives” because of all the information the speakers would provide to the audience. We decided that this weeks meetup will be based around analyzing properties in different ways to utilize your time and money as efficient as possible. Below you can find an agenda with a breakdown of this week's meet up.

Networking and/or meet and greet

• There will be coffee and bagels in the morning for anyone attending

Flip vs. Hold vs. BRRRR

• What is the difference?
• What are the positives for each?
• What are the negatives for each?

Lets run a real time analysis for each……...

• We will run a real time analysis for a Flip
• We will run a real time analysis for a Hold
• We will run a real time analysis for a BRRRR

Deal Deep Dive

• Someone that is attending the group will break down one of their deals to the group

Q and A

• Attendees will have opportunity to ask any questions.

Pitch Session

• Attendees will be given a chance to offer any current deals or opportunities they might have.

@Philip Watts Good luck with everything. It is best you dont know much about the construction side of the business. Not having that skill will help you scale faster. I also recommend listening to the podcast. Good luck!

@David Casas I am house hacking in rahway right now. The numbers worked for me. I accounted for 3 percent vancancy, 5% repairs, 10% Capex and 8% property management and the numbers made sense for me. I found this deal on the MLS. It took me about 9 months but if you keep at it, you will find a deal. If you need more information or you want me to send you my BP report on my house hack, send me a message.

@Kapil Sharma Seems like everyone has given you similar advice. I would run the numbers on a HELOC and a refi. See which route makes the most sense. I think making sure you understand the ins and outs of what ever you choose is most important. Good luck and remember that you have a good problem not a bad one.

@Jayden Luis Are you looking to flip you self or are you wholesaling?

Hello everyone and welcome to our fluff free value add meetup where we take topics surrounding the real estate world and break them down into detail. We encourage anyone who plans to come to send anything they would like to learn more about on this thread so we can add it to our agenda. If you have any questions about the meet up, feel free to contact me.

Hey @Joe S. I agree with @Stephen Kappre Looking at the average travel to NYC through public transit is a big factor. Just look at how jersey city exploded. The NJ PATH and NJ Rail have a lot of town that are growing in appreciation just because it is close to the City.