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5 September 2018 | 2 replies
I have been thinking about strategies of growing my real estate unit portfolio in size, but any way I looked, I was running into limitations (high LTV for conventional loans, expensive real estate with low cap, 1031) but nothing felt quite right until I came across the BRRRR strategy.
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6 September 2018 | 4 replies
If building your portfolio or managing what you currently have is a stress after the success you created, I would think this would make it easier to hold on to or acquire more.
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12 September 2018 | 4 replies
My father has been trying to get me to invest in commercial (his wheelhouse) for the last decade, and after seeing his portfolio grow in that timespan, I'm kicking myself for not starting that journey sooner.
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6 September 2018 | 2 replies
I would think that you could focus more on REI and not divert a bunch of attention to starting another business and as you invest and grow your portfolio you will learn from those whom you hire to accomplish tasks.
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8 September 2018 | 8 replies
I don't know where the name "flipper" comes from, sounds negative to me, I am an investors that assigns real estate for a profit, have been doing this for over 40 years, have a large portfolio of properties, an auctioneer and developer of commercial properties.There isn't much I don't know about assignments (flipping) - what would you like to know?
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11 September 2018 | 42 replies
So here's a rough number breakdown. purchase $1,500,000Loan Amount 1,300,000Rehab+holding+closing costs $115,000ARV 1,900,000new Loan (20 year, 6.25, 5 year)- $1,560,000Cashout portion- $260,000Cashout- FFFF (friends, family, facebook friends)= 10,000Money in deal = 45,000Rental Side of Things (by month)Current Income- 27,000/m (Proforma is 31,500 since I had to rush rent out)Expenses- (Utilities, Taxes, 25% Vacancy/Management/CAPEX, insurance, etc)- 12,500/mDebt- 11,400/mNOI- 3100/mSomething like that at leastFor the other questions that may pop up:I self manageI doubled my portfolio in one dealI was my own GC for the projectI still have a full time job in securities tradingI worked 110 weeks for 2 months straightI am burnt outI hit a lot of roadblocks including getting sued, vandalized, robbed, and threatenedI had a lot of physical blackouts and emotional breakdownsMy outlook in general on people is definitely more negative However I am also ready to move onThis post was very much to speak on an experience and tell a story.
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12 September 2018 | 14 replies
If you want to do a loan in your LLC's name, the best loan would be a portfolio loan.
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5 September 2018 | 2 replies
@Mike Bell Call around and check with credit unions or smaller banks that do portfolio loans (they keep them in house and don'' resell them).
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5 September 2018 | 2 replies
Hi Everyone, I'm looking to create some handout materials for my real estate portfolio to give out to lenders (local banks, private money/hard money ) as well as any other industry professional I want to initiate a relationship with and potentially do business.
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12 September 2018 | 36 replies
And what does your portfolio look like in 10 years, and in 30+ years, as a result?