All Forum Posts by: Chris Seveney

@Don Konipol

I never thought about short term commercial mortgage notes before as an investor, but maybe something to consider in the real estate portfolio.  Are there syndications for Hard Money Lending for Residential as well?  

Like almost all social media innovations, BP was (is) heavy on tech - but the real estate personnel are mostly “lightweights”. 

This was obvious 15 years ago, but BP was still made into a valuable resource. Especially for the newer investor hoping to learn the basics of investing in SFR.
The fact that some people had a personal side agenda shouldn’t be surprising.  Contrary to Barry Minkow ( whom I believe is a career criminal) most deals gone bad are not fraud; they’re usually the result of a “surprise” in the market/economy, undercapitalization / over leverage, or less than competent management/organizers.  The ones that are fraud from the beginning, like Minkow’s ZZZZ Best, are a rarer occurrence. 

Here’s what I want to know when investing as a passive investor - is the head person a techie, a “salesperson” or a specialist in the particular type of investment being offered.  If the first or second, I’m out no matter how good the numbers look.  

This is of course no guarantee of successful investment.  But I want to eliminate the obvious highest risks. 

Hi all! Over the last few year, I've been building a small RE fund outside of my day job (I'm a software engineer) and recently have been exploring private lending. I've brokered a few deals, and I was pretty surprised how painful the back and forth was between the lender and borrower. Is there any software out there that makes this process easier? I'm curious what other pain points exist in the space. Would love to hear any insight from folks here. Thanks!

Quote from @Stuart Udis:

If you looked closely at most of these cases, the bad actors had highly organized capital raising systems. I am sure BP provided a platform but not sure how big of a role BP ultimately played in their ability to raise capital from investors. The bad actors who were successful in raising considerable funds likely had capital raising teams and were active in what I call the guru roadshow. I suspect you will see far more cases in the next few years as social media has made it far easier than ever before to reach the types of investors who are susceptible.

next wave will be the apartment syndicators that are leaking oil.. now many to most wont be criminal they will just fail and the investors will be wiped out.. Investors being investors wont care they will still think the sponsors are crooks somehow 

I recently closed on my first rental investment property with Rent to Retirement. I had been looking for the right opportunity for a while and was glad to find a leased, cash flowing property in the location I was interested in that was being offered with great buyer incentives. I worked with Matthew Seyoum from the RTR team. Matthew was great to work with and he along with the rest of the RTR team made the buying process a very seamless and smooth experience. As a first-time investor, it was important for me to have a transparent and detailed buying process. Matthew was very responsive and patient with my questions and reached out regularly to check-in and update me on the next steps in the process. RTR provided me with the right network of lenders, inspectors, insurance providers and property management companies that I could trust and get great customer service from. I'm excited to work with the RTR team as I grow my real estate investment portfolio.

𝐓𝐡𝐞 $𝟏𝟏𝟐,𝟎𝟎𝟎 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧: 𝐂𝐚𝐧 𝐀𝐦𝐞𝐫𝐢𝐜𝐚𝐧𝐬 𝐒𝐭𝐢𝐥𝐥 𝐀𝐟𝐟𝐨𝐫𝐝 𝐚 𝐇𝐨𝐦𝐞?

In 2015, you needed about $55K a year to afford a home. Today? $112K.
That’s double in less than a decade while median incomes barely moved.

This isn’t a “high mortgage rate” problem. According to recent Fannie Mae calculations,
it will take one of three things, or a combination of them to get back to affordable housing in America:
Housing prices would need to drop 38%
Median household income would need to rise 60%
Mortgage rates would need to fall to 2.35%

This widening gap is why creative investing strategies are becoming more important than ever. They allow everyday people to participate in real estate without needing six-figure incomes or perfect timing.

The data tells the story. The opportunity lies in how we respond to it.

Hello, 

Does it make sense to have an appraisal contingencies if you are doing seller financing?

Stephen

When marketing a note, what package of info gets the best responses? I currently include payment history, loan docs, property photos, and title search summary. Anything I’m missing that buyers consistently ask for up front?

Hi, 

I have LLCs both two members and single members . I am wondering, is that the most Tax efficient way moving forward as I purchase more properties and forms more LLCs?
Also in the state of New Jersey, I have been creating my own operating agreements, I just want to confirm that I am doing the right thing.

Thanks in advance