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18 December 2024 | 11 replies
In 2021 we bought the building for $1.5M using private lenders, pushed the occupancy from 50% to 80% occupancy and it appraised for $3.125M, allowing us to pay back the private mortgage.Right now, we are in the predevelopment process of design and piecing together the capital stack for the redevelopment deal, which will be made up of historic tax credit equity, RestoreNY Grant, DRI Grant, etc.
20 December 2024 | 2 replies
I don't know how to make this happen but the numbers work well, so I'm looking for creative advice/equity partners/private money/hard money for how to make this happen, and then when my business sells I can pay back the loan and find financing at that point to continue the rehab.
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17 December 2024 | 16 replies
I would just be spending half as much and getting half as much equity.
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18 December 2024 | 7 replies
The net result is basically the same, but it keeps the two properties separate from a lenders perspective.Any low down payment money, particularly on an investment property, is going to come from a private money lender.
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18 December 2024 | 7 replies
If its the latter then I always caution people spending money to save some is not always a good strategy.
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23 December 2024 | 12 replies
Frankly, if you don't keep track of what you spend for business, real tax strategies is not your problem at the moment.
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17 December 2024 | 20 replies
Nope - My strategy assumes that rates rise long-term, and calls for spending less than I make.
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22 December 2024 | 7 replies
I have another one were I optioned 120 acres that just got brought into long term planning for chips act. paid 5 million for it and spend 10k a month negative..
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1 January 2025 | 22 replies
I have more than enough private investors willing to pour their money in and I realize that there are diminishing returns when considering time spent looking for deals or deal finders and the amount of deals I close.I'm a real believer of the Pareto law which states that 20% of effort leads to 80% of results.
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23 December 2024 | 14 replies
I recommend you spend some time picking and getting to really know your market.