All Forum Posts by: Brandon W.

@Wayne Brooks

No No you had it right the first time 38% to the investor and 62% to me not 38% and 68% which equals 106%. This whole purchase is being placed under an LLC. So when I was mentioning 50% above I was speaking about giving up 50% of the company, I know doubling your money means 100% @Derek Carroll  So you would own 38% of the company that would manage these 23 homes. But I guess thats not fair, I guess I am suppose to give up the deal only collecting a finders fee and having no real long term relationship with this project and never really growing or learning the other side because people with the money don't want to many at the top. when I have already set in place 80% financing at 5.5% 30yr Amortized. I know everything in real estate is negotiable and I know a little about creative financing. I thought I could give up 38% equity in the company that would hold the investment and manage the properties would be sufficient but even if I went up to 40% that would mean they would own 40% equity with a company valued at $6M. If you would like you can take a look at what I have @Ian Walsh Every home is rented with long-term tenants. The property brings in $408K per year @Derek Carroll so their is realized cash flow.... with expenses being $15.5K per year which is only for the property tax and insurance the tenants cover Trash,Water.Electricity, etc..... and they are suppose to maintain the properties.. Debt service is $27,253.87 per month.

But I do apologize for being harsh earlier I did not mean to misrepresent myself or what I am trying to accomplish on here, But @Derek Carroll they were not offering help they were being rude and mocking my first project with snide remarks.. hardly helpful if you ask me. Anyways, I still should not have acted in the same way or came down to there level so I apologize. Have a great day

@Wayne Brooks

I guess you did not read the whole post or you don't know how to do simple math they only have to come up with 20% on a deal that's valued at six million dollars. So they are not coming up with all the money, I have already secured the 80% financing and negotiated the price at $5.7 million purchase price so there's already two hundred thousand equity in the project. It's not a pipe dream its a project that makes sense you're only having to put up 1.1 million in a project that's valued at 6 million and you're getting double your money back it's a no-brainer. Also yes the homes are valued at $6M Homes Range from 230k to 310k. You must not know much about lending or its just head knowledge never applied in real world.

@Joe Splitrock

@Joe Splitrock

@Joe Splitrock

Wow I thought that was fair seeing how you're doubling your money. So you think I should walk away with 10% and you walk away with 90% just because you put up $1.1M in a project valued at $6M but I am the one who found the deal and secured 80% financing for the project hahaha you're a joke and your greedy and you're just taking advantage of someone. You must not do a lot of business with those business practices. 

@Wayne Brooks

Where else do you get a 50% return in the market right now

@wayne Brooks 

I guess you did not read the whole post they only have to come up with 20% on a deal that's valued at six million dollars and the price is already negotiated at 5.7 million purchase price so there's already two hundred thousand equity in the project. It's not a pipe dream is a project that makes sense you're only having to put up 1.1 million in a project that's valued at 6 million and you're getting double your money back it's a no-brainer you must not know Lending

@joe splitrock Wow I thought that was fair seeing how you're doubling your money. If you think you deserve more than 50% you're wrong. What do you think is fair 50%?  you never would have had the deal without me.

@Chris Seveney

Cant Wholesale each house this is being sold as a package. I have to either come up with the 30k earnest money and the 20% or someone else will. This will move fast. Thank you though. 

What would you tell a beginner who has stumbled upon a commercial deal which is the sell of 23 homes with a value of $6M Contract is already in place with 80% ( $4,560,000.00 ) financing and 30k Earnest Money but the beginner cant come up with the 30k Earnest Money or the 20% ( $1,140,000.00 ) If only the beginner knew someone who could come in and fund the 30k Earnest Money and the 20% ($1,140,000.00 ) they will receive 38% ($2,280,000.00 ) Ownership or stake in the company that will hold and manage the properties..............................

What would you tell a beginner who has stumbled upon a commercial deal which is the sell of 23 homes with a value of $6M Contract is already in place with 80% ( $4,560,000.00 ) financing and 30k Earnest Money but the beginner cant come up with the 30k Earnest Money or the 20% ( $1,140,000.00 ) If only the beginner knew someone who could come in and fund the 30k Earnest Money and the 20%  ($1,140,000.00 )  they will receive 38%  ($2,280,000.00 ) Ownership or stake in the company that will hold and manage the properties..............................

@David Dachtera

I have a question if you don't mind. You made a statement at the end of your comment saying "This can accelerate the process of building credit since you're using the LLC's income rather than "lending" it your personal income to help it establish credit.

My questioned is how can an individual lend to his own LLC? I just started an LLC but I don't have enough business yet to generate the kind of funds needed to purchase property and I have been wondering if their is a way for me to move some personal funds into my LLC without leaving myself open for someone to pierce the corporate shield down the road if it were found out that I intermingled my finances, personal to business. The reason I asked is because I've heard and read that you have to keep all personal and business finances separate.