All Forum Posts by: Amanda Rechsteiner

Hi BiggerPockets community!

I’m excited to make my first post here. While I’m new to the community, I’m definitely not new to real estate—I live, breathe, and love it! I’m looking forward to connecting, learning, and growing together.

My background is in SFR and long and mid term rentals. I've built a rental portfolio and managed every aspect from acquisition to property management. Recently, I discovered a significant demand for mid-term rentals in a particular Michigan market, particularly from highly qualified traveling professionals (not just nurses!). The demand far exceeds supply, and I've had to turn away weekly requests for the past three months now. This is an opportunity I'm eager to seize, but I need to expand my network of private money lenders or equity partners to make it happen.

Currently, I work with private lenders who fund down payments in exchange for monthly payments until they’re paid back from cash flow (12-24 month terms). The returns are great, and my investors love working with me—but they’re all tied up in existing projects, including a major flip. I need to connect with more private lenders for 12-24 month loans, typically $20K-$40K per property, with purchase prices ranging from $110K-$160K. Facebook groups have been full of scams, and my personal network is currently tapped out - but the opportunities keep coming in and I hate to watch them keep leaving! Any recommendations on where to meet trustworthy private lenders that want a good and safe investment and stay removed from property management themselves? This is truly just a small loan. My current investors roll their money right back into my next projects but as I've stated, I've hit my ceiling with them and need to expand this network and these opportunities to others but I am stuck on where to meet more people!

My second question involves apartment building syndication and financing. I’m negotiating an off-market deal for an 11-unit property with value-add potential and room for additional apartments. The purchase price is $1.6M, and I’m looking to raise the down payment through partners. I’d run the entire project and handle property management, offering investors a preferred return and possibly additional incentives. I’d love advice, recommended podcasts, or insights on syndicating and financing my first multifamily deal. I’m working on a Letter of Intent with a commercial broker and leaning heavily into the wisdom of others with experience in this space. 

Thanks in advance for your insights and support! I’m looking forward to connecting with like-minded investors and building long-lasting relationships. I am all for mutually beneficial deals and partnerships.

Amanda Rechsteiner Realtor & Real Estate Investor

Hey BP! I am very interested to hear thoughts on this one. Let me know what you've got.

I have a property in my portfolio that I am looking to sell off market and creatively. I own a parcel with two homes on it and they are both currently rented out, bringing in $3,400 a month. Highly appreciating and sought-after area, well maintained, high-demand rental market with little to no vacancy. But the lot is nonconforming due to its nature (2 single family homes, 1 parcel) so it will not pass traditional financing/appraisal. We have tried and I have spoken to SEVERAL lenders. Deals have fallen apart on it because of that. We have also talked to the township to ensure everything is legal and good and they have zero problems with the property but due to current zoning and allowances, traditional lending/appraisal standards don't love it. 

Obviously a cash buyer would be ideal. Any other thoughts for selling it? Also, to keep it off market (privacy reasons for everyone involved and unique nature of the property), are there any sites or ways to connect with investors that would be looking for a property like this? I am in some Michigan off market FB groups but that is as far as I have gotten. Should I connect with someone that may have a buyer list of investors? Where do I find good and reputable people?

Thanks!

 We have a real estate attorney who has been working on this for a little while. It is technically possible after some land swapping with the neighbor (road frontage requirements), township approvals, etc. but he suggested trying to sell it as is as an investor special first before starting that process.