All Forum Posts by: William Cavalier

Brett,

I grew up in Marin and used to live in Novato!  

Been in Dallas Texas area 23 years.  Feel free to connect and I'll give you the scoop.

Bill 

Gabriel,

Find a small project then find an experienced capital partner to put up the capital.  Your job is to do the legwork.  Listen carefully to the capital partner's counsel.  "Yes sir, no sir" always works.  Keep your capital in your pocket.

God bless.

Bill

"Hard money" can be as inexpensive as 6.75% and 2 points.  It depends on your experience.  Document your track record.  Your financing costs will decline as you gain experience (and wisdom).

Bill 

For experienced residential investors we represent a lender who will lend $1 million minimum at 8% with 2 points (subject to underwriting and terms and conditions).  Thanks.  Bill

Joe,

First two lessons are spot on.  May I offer a third?

When working with investors to understand their prospective level of investment prior to identifying a property, it is best to "overfund" your prospective deal by 2x or 3x.  Money is not static and investors often overstate their liquidity or interest.

Bill 

Developing a secure outdoor storage facility in the fast growing Dallas-Ft. Worth market. Looking for a second lien.  Property has two rental homes on property.   Please call Bill directly at 469-767-8643.

This website is a useful starting point:  http://www.3miledomination.com/

These guys provide excellent pre-development services:  http://learnselfstorage.com/v/consultation-develop...

I'm working on a rv & boat storage project in Texas.  I can walk you through how I did the due diligence on this land for my project if you think that would be useful.  

Bill Cavalier - 4697678643

Here is a great video to explain the DFW market dynamic to out of state investors.  http://texaplex.com/

Anyone interested in a Meetup?  West Plano? North Dallas?

A guy in Texas built 10 "guest houses" on his land. He rents them to people who tolerate a slightly longer commute but don't want to live in the city. Don't know what your rental market is but cottages usually rent for a great price per square foot.  This type of home can be built on piers so it could be moved later.  I wouldn't subdivide the land just build and rent cottages if that if appropriate in your area.  Would consider managing this project for you if you have an interest and don't have the time.