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23 January 2025 | 5 replies
Are there specific lenders which are easier to work with for small multi projects?
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26 January 2025 | 2 replies
I'm seeing new neighbors of basically identical houses with maybe 50 or more investors in the community.
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21 January 2025 | 3 replies
However, given the price points in NYC, I am looking to southern CT so that I can start small for my first project.
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24 January 2025 | 0 replies
(The picture is of a different project)
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21 January 2025 | 0 replies
Here is an example with some figures:My LLC total investment = $204,000Partner LLC total investment = $196,000Value of project when complete = $500,000Each LLC value afterwards = $255,000 / $249,000The plan was for me personally to go get the refinance loan because the terms are so much stronger than if I went portfolio with the LLC.Loan total = $300,000 (keeping at 60% or under of value for best terms from the bank)Partner LLC payout = $249,000My LLC payout = $51,000In this scenario, I am struggling to see how to get the remaining equity in the project into my personal name?
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22 February 2025 | 14 replies
This particular commercial property value is going to be based primarily on the income it can generate (actual or projected) to the buyer.
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26 January 2025 | 3 replies
I like this option better than a Wrap because for me its just easier to understand and navigate, especially if lender calls the loan.With all this being said...I am just looking for those that have direct experience with using Lease to own to get into Multifamily and Apartment building type projects.
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14 January 2025 | 18 replies
Quote from @Garrett Brown: Hey @Josh Ball , this is basically what I do on the most successful properties I have ever had. www.cameronranchglamping.com It mainly depends on a few things.How close are you to a metro hub/ activities?
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30 January 2025 | 19 replies
For that same capital, I can buy a run down project and renovate.
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22 January 2025 | 2 replies
It’s a pretty big project but great opportunity.