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All Forum Posts by: San Eng

San Eng has started 7 posts and replied 24 times.

Post: Seek property manager for MF in Essex County NJ

San EngPosted
  • Rental Property Investor
  • Posts 35
  • Votes 4

Jonathan, THANK YOU, I’ve emailed Blair.  How well do u know them?

Post: BRRRR MF investor seek rockstar agent+GC in Essex County NJ

San EngPosted
  • Rental Property Investor
  • Posts 35
  • Votes 4

Jonathan’s in Belleville, Nutley, Bloomfiled and anywhere within 60 mins drive of these towns, thank you

Post: Looking to invest in mortgage fund

San EngPosted
  • Rental Property Investor
  • Posts 35
  • Votes 4

@logan Hassinger, can u tell me more about these products?  PM me pls 

Post: Has anyone started investing in RE while in college/early 20s?

San EngPosted
  • Rental Property Investor
  • Posts 35
  • Votes 4

Hi Nia, congrats to you! My daughter is 16 and she's reading the BRRRR book, LOL, with goal to buy her first 2 family this summer (with loan and help from daddy), happy to swap notes!

Post: Looking to invest in mortgage fund

San EngPosted
  • Rental Property Investor
  • Posts 35
  • Votes 4

Hi, we have a small family fund investing in Canadian mortgage funds (like a fund of funds) that already put capital in 6 managers. In Canada, even thru this structure we get 8.5-9.5% net returns being passively invested in mortgage funds. The average LTV is <70% on first mortgages. Canada banks are much more conservative than USA and less capital there. Default rates for Canadian bank mortgages are something like <1% vs 3.6% in USA I believe. Lockup is typically one year though if invest larger amounts these can be negotiated.

Are there similar mortgage funds we can invest in to get diversification that pay high single digit returns in USA?

Thank you for any leads or if anyone interested to swap notes pls PM me

Post: Residential Capital Mortgage Income Fund?

San EngPosted
  • Rental Property Investor
  • Posts 35
  • Votes 4

Hi Rob, we would be interested to learn more if you have any info

Post: What's a normal cap rate on farmland?

San EngPosted
  • Rental Property Investor
  • Posts 35
  • Votes 4

Hi, just add 2 cents.  We are invested in Canadian farmland.  In past 60 years, it has averaged 10.7% nationwide, though varies by province.   There has NEVER been a down year.   We looked at investing directly but don’t have the expertise, so just invested in one of the top farmland funds here which have been generating 12%+ net of fees.   It’s a long term hold and the returns are combo (sounds like USA) of crop yields low digits plus fast appreciations.   Canada is only one of two major countries in world that BENEFITS from climate change as warm weather helps them.   Russia is the other.   I rather do Canada ;o)

Post: BRRRR MF investor seek rockstar agent+GC in Essex County NJ

San EngPosted
  • Rental Property Investor
  • Posts 35
  • Votes 4

Note we are experienced investor with 50+ units now in the area, and we pay cash, so please only serious / qualified leads and thank you, San

Post: Seek property manager for MF in Essex County NJ

San EngPosted
  • Rental Property Investor
  • Posts 35
  • Votes 4

Note we are experienced investor with 50+ units now in the area, and we pay cash, so please only serious / qualified leads and thank you, San

Post: Seek property manager for MF in Essex County NJ

San EngPosted
  • Rental Property Investor
  • Posts 35
  • Votes 4

Our portfolio growing and need PM if you know of rockstar one kindly refer to us, thank you