I have a great working relationship with a broker who can close loans in 10 days.

SDIRA loans are all non recourse loans & would usually require up to 50% down or so.You can partner with anyone that is a Non prohibited person such as a friend, siblings (vertical lineage relationships like your father or son are prohibited but your brother is allowed), other investors, etc.

Also, the seller pays the commissions at 4%-5%.Further, if you are using a Big 5 bank, they will expect you to have a 2-year working relationship with them as a business owner, (preferably in RE).

The seller would not give up tax return numbers before making an offer (I think I know why now):$73,180 net revenue(10% vacancy)$40,700 expenses$32,480 NOIAfter talking with my commercial banker, showing him the property and numbers, he told me the historical data was showing 9-10% cap rates for the deals he was doing.

And you need to have a good enough relationship with the tenant to make sure he understands that he HAS to have the place in presentable condition.Sorry, I know it's not what you wanted to hear.all cash

I see that relationships are everything in this business and if I am offered to do a BPO I don't want to screw it up.

I had a customer whom I had a 5 year relationship that wanted to buy a $10 million house on Golden Beach.

The large developers I know already have relationships with banks and get better financing with a phone call.Aside from that - so a person is looking at 40-60k in rehab costs correct?

James wrote:I invest in strategic RELATIONSHIPS!

If anyone has successfully gained relationships with a bank or has advice on how I can go about getting a direct list, please let me know.