All Forum Posts by: Thomas Wright

Hello, Thank you for your replies. Yah.. I know I'm not glamorous. And I'd be ok with a partner who only wanted more cash; I am unwilling to give up ownership which I admit limits me a lot. Would that work, Terri?

It may be a "pipe dream" but I'm going to plot this until it works. That's how I get anything in life anyways...

What about sellers options like...

I agree to develop the property for x years with the owner and then balloon pay with a mortgage at the end of x years. I would inherit the lease income as funds to develop the property. With the increasing lease income that I generate I have the record to get a loan after the x years... does this agreement have a name and template?, is it viable?

what other options can I do assuming no money down? What is negotiable? I only have 80k in cash which I'd like for development if I got rights to the land.

Also, to what Nathan said, this property is very underdeveloped. It making 165k, is why I want it. It can make way more than that with some attention. It also is worth 30mill anywhere else in this state (equivalent properties). That tells me how much this land can become worth. And, believe me, you can make a healthy spread sheet of what's wrong with the property. I know why its cheap and It's a screaming deal; it's also the largest contiguous heavy industrial plot in the state. About why lenders would lend to me? Well, as I am learning, loans are not for startup. Its for big wallets to keep their capital available for opportunities. So when you say why thye'd lend to me, they wouldn't because Im not rich. I can't find anyone who lends to startups, is that not a thing or was it ever? Does no one do sit down discussions over projected cashflow and character judgements anymore? Or was that ever a thing?


I don't mind debating, I want to absorb what you all have to say even if I seem like I don't listen. I appreciate your input!

Hello, I am new to this forum. Forgive me if this is not in the right spot.

I am seeking $4.5mill for a property I am wanting to acquire. I have spend a few weeks of 12 hour days exhausting all financing possibilities I can conceive of and find.
I even emailed the city a moment ago asking them if they could take a municipal loan to help me acquire their "High Priority" industrial lot. They care a lot about this property by the way.

Can anyone here help me get financing, or provide financing themselves?

I have glamorous assets (mostly sarcasm):
80k in cash
No property
No expenses
low income (3k a month)
I have two engineering degrees and a math minor (electrical engineering and renewable energy engineering)
I have 693 credit. My only credit line was my student loan, it was small and it is paid off. Records show payment was 'excellent'

The property:
it has 168k yearly lease income presently (stable)
30k yearly tax expense
60 acres
several buildings available for leasing, most are vacant or underutilized
40 acres are paved space; can be leased
20 acres are prospective residential that can be broken off to sell
etc etc

Though I have low income, I want to leverage property's income to work with a loan's payment plan. With grace period or adjustable interest rates, I improve the lease income of this property to fortify my loan payback power. I need a lender who can take a risk! I need a diamond hand, not these paper handed banks.

Advice, thoughts, especially a deal/offer, anything would be greatly appreciated.