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All Forum Posts by: Shawn Krieger

Shawn Krieger has started 11 posts and replied 136 times.

Post: Looking for hard money lender

Shawn KriegerPosted
  • Posts 151
  • Votes 20
Quote from @Chibueze Nwadigo:
Quote from @Shawn Krieger:

can you expand on the deal pls


 Purchase price: location Gainesville Florida 130-140K  3/2  (will rent unit rental rate at $1700/mo)

Arv based on comps 206K (just closed on a recent property in similar size that appraised for that amount)

Rehab estimate  20K (will fund this myself, new roof, and some cosmetic updates )

Exist: cash out refi with DSCR to pay hard money back, will leave money in the deal to cash flow


 why not get a bridge loan?

Quote from @Logan M.:
Quote from @Nicholas L.:

if you've never done something like this before i don't see how it would be responsible to 'raise capital.'


 What's wrong with living on the EDGE!


 well said!

Quote from @Nicholas L.:

if you've never done something like this before i don't see how it would be responsible to 'raise capital.'


 i disagree if your raising from educated folks they have all the tools to decide if the deal is right 

as long as your motives are in the correct place go for it and you'll succeed 

Post: Looking for hard money lender

Shawn KriegerPosted
  • Posts 151
  • Votes 20

can you expand on the deal pls

Post: Looking for hard money lender

Shawn KriegerPosted
  • Posts 151
  • Votes 20
Quote from @Chibueze Nwadigo:

Hello, BP fam, I am currently looking for a private money lender or hard money that will lend  some capital either toward down payment or entire purchase price. 


 pm me

Quote from @Brayden Hrycko:

Hey Shawn, 

I would be happy to go over your options with you. 


 tnx

Quote from @Nick Virovec:

Has anyone seen any kind of owner financing anywhere on the west side of Cleveland? Or,any midwest markets out there where investors are seeing this?


 ive seen it everywhere

can someone help me get a prequalification on a dscr loan for a property with a purchase price of 200k, 31k noi, and a 15%+ cap

rate

Post: Apartment Locating Brokerage Firm

Shawn KriegerPosted
  • Posts 151
  • Votes 20
Quote from @Tina Felix:

@Shawn Krieger I'm hoping for more than 50% towards my commission. I'm a beginner so I'm hoping that's being realistic.


 50% of?