All Forum Posts by: Zachary Wurtz

Hello, 

I have two questions - hoping some of you may have advice based on experience.

I am intending to team up with a coworker who plans to pay for the rehab costs of a BRRRR strategy as I pay for the down payment. We both want to be equally involved in the rehab as a team - up until he receives his money back after the refinance. What kind of documents would I need to cover both of our ends in any worst case scenario and where could I find some examples?

My second question is for future private money lending. If I ever plan to use a family member or friend who may not want to be fully involved in the process - what kind of documents would I need to provide that person that ensures their end is covered and could fully explain numbers, process, timeline, and security for them?

Respectfully,

Zach

 Awesome, thanks this clears a lot of my questions up!

 That makes sense, thanks Chris!

Hello, I am planning to buy my first investment property within the next 6 - 8 months. I was wondering when it comes to finding a hard money lender for rehab costs, is it a general rule to pay for a percentage of the rehab initially? Is it possible to find a hard money lender who will pay 100% of the rehab costs up front and then receive their return 6 months later during the refinance process?

Thanks for the insight Ran! As for the VA loan, I have to make it my primary residence for 2 years before I can turn it into an investment property.

Hey everyone,

I'm seeking for advice, tips, dos and don'ts as well as maybe's. I feel like I've got a good grasp of knowledge on real estate investments and strategies, but I don't have the fine tuning. 

After just recently getting out of the Marine Corps, I don't have have cash to drop on properties to Buy, Rehab, Rent, Refinance, and Repeat on properties. That really only gives me one option which is Private Money Lending.

Is it legal to conduct a deal with a real estate agent for them to find you a house + providing you 100% of funds to purchase and rehab this house? In doing so they would get a solid return on this one property.

Would they even consider doing that even if it is legal?

I'm just trying to brainstorm ways I can find a Private Money lender to help me start from Zero and we both get the most out of it.

They get a great return and I start my portfolio and experience + a little bit to start the next one.

Please let me know what you guys think, I would love some feedback. 

Also, if you're in the Camp Pendleton/Oceanside area let's connect!

Hey guys! I'm located in the Oceanside, CA area and I've been looking for potential properties I can either LTR or convert to STR all the way from the Kern County down to San Diego county. I'm new to the game and I would like to do something local so I can really watch every step in process for my first couple properties before I invest out of state so I feel more confident; however, with this insane market, what are investment properties leaning to as far as LTR or STR in Southern CA? The reason I ask is because I will be using lenders for down payment and renovations so would the property increase in value the same as it would 4 years ago to make that money back when you cash out refinance?

If anyone is in the local area, I would love to meet up to find like minded people with the same goal! Thanks!