All Forum Posts by: Ryan Taylor

 Craig,

I took a quick stroll on 7e Note Investment site. I like it! Question, are the offerings on said site for accredited investors only? I have a couple of short term first trust deeds ready to mature and need to re-deploy this capital. I am NOT accredited (a stipulation I think is BS BTW). I do love the passive (mailbox money) side of this type of investing. Do you feel, given the current state of the market, the risk is increasing in this type of investing? The notes I have, have performed very well, and would love to stay on that train. Any thoughts/guidance would be greatly appreciated.

Ben,

Perhaps people that responded missed that the house is mortgage free...or they didnt...however still has taxes and insurance to pay...that being said...maybe you paid 160k for the house and 1600 meets the 1% criteria...if so...bravo. This of course is speculation.

At any rate...I would leverage the free and clear prop...to the point where you could comfortably still cover the mortgage, purchase another property and still cash flow a little...maybe I'm wrong...but that's what I would do...good luck with it 🤙

Billy,

That's awesome...congrats on the first multifamily deal...I am currently seeking my first multifamily deal and am curious...why did you use a commercial loan instead of conventional financing...was there something with the prop that dictated the use of commercial?

Thank you for the reply...I have looked in the HI area, and some condos that could be used for STR are Lease Hold...was more of a question if I should pursue property that is LH.

Thank you again.

Question for the people in the room that are smarter than me.

I haven't seen this topic come up, or I have just missed it. When it comes to STR's and the numbers work (CoC, Cap rate, etc.) but the property is Lease Hold vs. Fee Simple, would you still move forward as a prospect. Have you come across any issues when trying to, later on down the road, sell said property if acquired. Are LH properties less desirable due to the lease payments, even though the "numbers" work?

If you are ok with LH, are you underwriting it the same way as a fee simple, just factoring in the lease portion of the payment as an expense to make sure you are still achieving your Cap rate.

I know that LH and FS are just ways that you "own" the property, Fee Simple being the highest form of ownership, Lease Hold not owning the land, but wasn't sure if it mattered how you own the property as long as the "numbers" worked. To me it would...am I wrong...

What say you??

 Your passion is contagious 👏👏👏

Nice...🤙🤙

And ALWAYS, ALWAYS, ALWAYS...get a property inspection...I know it might go without saying...but on my first offer...(that I did not close on)...the inspection saved me some serious headache...best 350 bucks you will spend on buying property...imo 

Good luck 🤙🤙

Maybe an 80/10/10...if they still exist

not sure how that would affect your numbers...I'm sure the 10% 2nd would get you closer to where you want to be...maybe the seller carry a 2nd...maybe a 15% second with a decent rate for them...there has to be a way my friend...good luck with it 🤙

Hi Michelle....if I'm reading this correctly...the buyer is under contract at the price agreed to on the contract...it seems they would be the ones breaking the deal if they back out because you dont agree to lower the price...its their earnest money deposit they put on the table...not yours...sounds like someone is trying to strong arm a deal...one you didnt want to sell in the first place...let them walk...they came to you for the deal. Shouldnt they be coming up with a creative financing strategy...

If there is equity in your prop...meet them half way on a lower price and tell them you will carry the 2nd @10% with a 1yr call...interest only...maybe you can make up the price adjustment by lending some of your profits...just my thoughts...I'm sure there are many others on here that can come up with a better strategy...that's my opinion

Thank you all for your insight and wisdom...its is truly valuable.