All Forum Posts by: Amanda Rechsteiner

 I have not. I'll have to look into it! The private/GAP lender is to cover the 20% down payment on an investment property since I do not have the liquid cash to pick up many of these properties at once. Leveraging and scaling. Thanks for the suggestion, I am going to look into it for sure as that was not on my radar.

Right on, confirmed (purchase price and average amount to borrow for each). I take care of everything else; covering EMD, inspections, city inspections, furnishing the house, then property management, etc. I already have a DSCR lender and pre approval and I'm ready to put in offers. My other mid term rental in this area cash flows over $900/month which leaves plenty of room and safety to partner with a private/GAP lender and they will be paid back within an agreed upon timeframe and contract. Hoping to pick up 1-2 more of these homes soon as I already have several potential tenants needing housing that I cannot keep up with.

@Jaycee Greene Hi Jaycee! Thank you. If I had to order their priority, I would say it is as they were presented as I'm going to look at 7 SFR properties tomorrow and keep turning down prospective tenants for my property because it's not available. The 11 unit is in discussion currently but since that will be a longer process, it can wait.

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

 That is true... I just looked at it. However, I do like the purchase prices compared to where I live. Better for cash flow for sure. I have been investing the other way though, around Lansing. Thanks for pointing that out!

@Joe Hammel This is good! Thank you for sharing! I'm in the Howell area but invest in Howell/Hartland (LTR) and Lansing (mainly MTR). I've stayed away from Detroit after only hearing bad stories but you're making me rethink...