All Forum Posts by: Steven Taylor

@Briyana Hawkins sorry for the late reply. We have an agent or two, but TBH not interested in CRE right now given the broader macro environment and rate situation. Ground-up development is too risky for my taste in this environment. I am holding cash in short-term debt vehicles until the market unwinds and Cap rates decompress. Just my prediction, hope I'm wrong!

@Jacques Bikai sorry for the late reply. We purchased a commercial loan directly into our LLC that used the underwriting and DSCR to fund the loan. The loans were all 30y fix commercial. People will holla that these don't exist, but trust me they do! PM me and I can send you the details. As a side note I am very happy with the fixed rates from >1.5 years ago.

S

I am looking to learn more about pre-foreclosures and foreclosures in MA and NH as well.  Any advice or help would be greatly appreciated.   Thanks!

Steven 

Hi Todd,  

Marko @whiteboard finance on youtube has a great video on this exact topic.  Check it out:

Steven

@Account Closed I am in the same boat, looking for properties (multifamily) that cash flow from day one with specific criteria, and not much is out there. I', a buyer in any market, however..... my 2 Cents and high-level opinion: 

I believe patience is key right now. Maintain capital preservation and keep some dry powder given where I see the market (entering Phase 3, hyper-supply). We are already seeing more price reductions, rent increase slowdown, and increasing vacancies. There is usually a 12-18 month lag in housing drops vs wall street paper. I think in the fall of next year there will be some tremendous deals on the market!  In the meantime, you can find some places to park your money and get ~3-4%. I always remember the profit is made on the purchase.  Right now there are a lot of sellers in denial about the reality of the market (Hint it's past its peak!). 

S

@Tyler Daly I have a great investor friendly agent in that area. Feel free to PM me.

-Steven

Hi There, 

We have an STR under contract in RI and are looking for Banks/Entities that will lend directly to an LLC. Any recommendations would be greatly appreciated!

Thanks,

Steven

@Denise Darval-Chang  I 100% agree with @Daniel Johnson for a fee-based advisor.  Fee-based advisors have a better chance of alignment of interests with their clients. 

-S

Hi There, I am also looking for an investor friendly agent. I already have on SFR in the area, and am looking for a multiplex. Thanks -Steven

@Eduardo Tanamachi  It's a great way to get started and have someone show you the ropes.  You won't make a killing in terms of the deal, but if you work with a good company you can get a solid property, while getting something more valuable, education, and actually getting into the RE game.  One thing you MUST DO is get an independent inspection regardless of what the Turnkey provider says or provides.  "Turnkey" means different things to different people. 

Good luck!
S