All Forum Posts by: Stacey Everett

Typically, an investor clearly wants to understand the deal, the potential return, the potential loss, the "gotchas", and then make a decision on the investment based on all of the data. My company has an investor that has invested a nice chunk of change into our business where our primary focus is buy, fix, flip. We have recently completed our first deal which will provide a nice return for the investor. From the onset, our investor has stated that she wants to get "more involved" in our business. Not calling the shots...but something that will keep her active and involved. One of our thoughts was staging for us, but we currently don't do enough flips that staging would keep her very busy. Nor is she interested in keeping an inventory of stuff and having to move it back and forth to houses. She is an empty nester and her husband travels frequently so she really is looking to get involved. And frankly, it is getting to the point where we actually need to involve her or we risk losing a portion or all of the investment. Any recommendations out there on ways that you have involved your investor, or if you are an investor ways that you have gotten involved with the company that you invested in to keep active in the REI process?

Typically, an investor clearly wants to understand the deal, the potential return, the potential loss, the "gotchas", and then make a decision on the investment based on all of the data. My company has an investor that has invested a nice chunk of change into our business where our primary focus is buy, fix, flip. We have recently completed our first deal which will provide a nice return for the investor. From the onset, our investor has stated that she wants to get "more involved" in our business. Not calling the shots...but something that will keep her active and involved. One of our thoughts was staging for us, but we currently don't do enough flips that staging would keep her very busy. Nor is she interested in keeping an inventory of stuff and having to move it back and forth to houses. She is an empty nester and her husband travels frequently so she really is looking to get involved. And frankly, it is getting to the point where we actually need to involve her or we risk losing a portion or all of the investment. Any recommendations out there on ways that you have involved your investor, or if you are an investor ways that you have gotten involved with the company that you invested in to keep active in the REI process?

I have a deal that I am working on. I am fairly new to OF deals. I own the SFR outright. I am selling the property for $125k. The buyers are putting $5k down and financing $120k. since I am fairly new to RE investing, I want to get my money (or the majority of it) out so I can buy more properties. How do I make the note attractive to investors that are buying notes? DO I need to try to get more down from the buyers to make the LTV more attractive? I haven't finalized the deal yet with the buyers but I was going to set the note for 30-year, no balloon, 7.5%. If they finance $120k and I offer it to an investor for $105k - $110k is that attractive? Any light you note buyers/sellers out there could shed on this would be helpful.

I have a deal that I am working on. I am fairly new to OF deals. I own the SFR outright. I am selling the property for $125k. The buyers are putting $5k down and financing $120k. since I am fairly new to RE investing, I want to get my money (or the majority of it) out. How do I make the note attractive to investors that are buying notes? DO I need to try to get more down from the buyers to make the LTV more attractive? I haven't finalized the deal yet with the buyers but I was going to set the note for 30-year, no balloon, 7.5%. If they finance $120k and I offer it to an investor for $105k - $110k is that attractive? Any light you note buyers/sellers out there could shed on this would be helpful.

At this point we are past FHA because of the 90 day rule. I would lease option but I want my cash back out of it quickly so I can purchase other properties to flip.

I guess my confusion is that if someone could buy this and owner finance it at 7 or 8% interest rate, which the buyer is willing to pay, and they have the capital to tie up on a 30 year, why wouldn't they do it? If I have the capital to tie up I would do it myself.

Thanks all. My preference is to find a private lender that will basically buy the deal and then owner finance the buyers with the private lender being the new owner. I am wanting my cash out of the house so I can go buy a couple more. I own the house outright but don't want to wait to get the cash. And since I have a great buyer and the rehab is done and all is ready to go that it may be a great deal for the private lender. 

Thanks for the input.

Unique situation. Our company has completed a fix and flip, found a retail buyer, have agreed to a sales price, and have a contract. Buyer is ready to move in as soon as they are financed. They wanted to go FHA but can't due to the 90-day rule. So they went with a CRA program with their bank. However, minimum credit score is 620. They have 615 due to past medical expenses. Buyer paid off credit card and a retail debt (all payments historically on time) in order to bring credit score up. However, bank can't/won't do a rapid rescore and said buyer has to wait 30 days for score to come up. Buyers and I both want to get this deal done now so they can move in within the next couple of weeks. House, price, contract, buyer and title company all in place. My plan is to seek a private lender that will buy the package deal and owner finance so that the buyers don't have to wait until mid-April to move in due to the snail's pace of the lenders. Any other suggestions?