Varinder Kumar
Notes Servicing (Sierra Crest Capital)
3 December 2021 | 11 replies
If not this could be problemmatic to see how they have structured it (Reg A, Reg D - type of offering)2.
Shivam M.
2 BD/1 BA SFH in Evansville, Indiana (Turnkey purchase)
2 December 2021 | 3 replies
Lessons learned: - Negotiate more based on repairs if they come up on an inspection report, especially if its structured to be paid out of pocket after closing (as this lowers my Cash on cash return significantly)- Minimum cash on cash return I should be going for is 15%, 7% (Cash on cash return)-10% (cash on cash + principal pay-down) is a rate I can easily achieve through boring index funds on the stock market and likely not worth my time and much more of a liquid investment.Challenges:- House had a weird layout that made it a 2 bd/1 ba (utilizing a enclosed sun room as the second bedroom), which gives me some worry about future rents.- Communication between the PM & the existing tenant was not great during the purchase process (had to reschedule the inspection three times), however communication between myself and the PM after closing has been okay.- Scheduling repairs after closing has been tough as a result of the holidays & general lack of labor.Rough estimate of numbers (assuming 5% vacancy, $780/yr in repairs/maintenance, 10% PM fee, $480/yr insurance, $1227/yr property taxes):Current:Expected based on Rental increase to $670 (assuming tenant accepts increase, rental increase would be starting 02/01/2022):Expected if tenant decides to move due to Rent increase (PM company estimates it to be possible to rent at $725-750/mo; keep in mind this doesn't factor in costs to make rent-ready (if any), as well as the cost of getting a new tenant):
Brian Donahue
Private money deal structure
2 December 2021 | 1 reply
Hey BP I was looking for some opinions on how you guys and and girls structure deals with private money lenders.
Jon Blumberg
Newly Built Multi Family 2-8 Units
3 December 2021 | 2 replies
I do see value in someone putting up the cash but I also think some form of fee would be reasonable for the work and effort I will put forth to bring this project to fruition- he will be 100% passive I would love any feedback or ideas from the BP community on a structure like this!
Timothy W.
Exclusive Buyer-Broker Agreement
8 December 2021 | 6 replies
What is the best way to structure these agreements to minimize the effect of this?
Juan Carlos Camas
Hard Money Lender for small deals
3 December 2021 | 7 replies
My suggestion would be to network with other real estate investors in your local area and see if you can find someone who would lend private money in your area, or find a local HML who only lends in your region as they may be better structured to take down deal this size.
Account Closed
How to back out and not lose EMD? Help pleeeassee…
4 December 2021 | 35 replies
Not saying this is the case, but I've seen countless times where home inspectors go well outside of their knowledge zone and make fear-mongering statements (ie especially for structural "issues" and roof lifespan).
Dan Marl
How to structure LLC and living trust
2 December 2021 | 0 replies
Hello everyone.I am buying a new home with all cash from a builder. My end goal is:1. Refinance cash-out after the house closes. The loan would be under my name as an investment home.2. Put the house under an LLC as I...
Warren Marshall
Need Input on Deal Structure - Large Commercial NNN
8 December 2021 | 4 replies
Hey guys, I'm working on structuring a NNN commercial property for JV.
Kelsey Bowman
Fund Recommendations - Class A/B Structure
3 December 2021 | 0 replies
Looking for recommendations for NON multi-family funds (e.g. industrial, self-storage, MHI, etc.) that have a Class A/B structure similar to Ashcroft Capital.Thanks!