All Forum Posts by: Aurelien Bonin

@Chris Braudis Jr

Using other people's money has to do with relationships. 

I would try to pay interest when possible because it means you own the asset yourself.

Like David Greene says in an excellent Forbes article: if you keep growing you will have to bring in partners, equity partners, until then: pay interest! https://www.forbes.com/sites/davidgreene/2018/11/18/the-top-seven-traits-of-a-a-successful-real-estate-investor/#855db89378a6

I personally started bringing in equity partners and have to say that, so far so good: my partner is very hands-off, that way we don't have too many chefs in the kitchen.

I would:

1. lend funds to the company to do the improvements, 

2. pay myself interest on the loan, 

3. increase the rents,

4. and then, once you have increased the value, either 1031 exchange or refinance.

Hi,

I am looking for money/equity partners to invest in a mobile home park. The cap rate is 10%.

Feel free to email me at [email protected] using "Equity partner" in the subject line for more info.

Please fill out this questionnaire so I get a sense of your profile: https://forms.gle/NYUGoCbrZXPbnJCu6.

Looking forward to hearing from you!
Aurélien

Hello,

I am working on a large deal: a 1 million dollar mixed commercial with a nice cap rate close to 10%.

I am looking for equity partners.

So far I own 74 units and only recently started bringing partners in - as a General Partner I get 20% and the Limited Partner gets 80%.

I have one month to come up with USD $150,000.

Any advice or connections welcome!

Nice job Abraham! 
How did you find your local partner and can you tell us more about the qualification process with the local bank? 

I am into MHPs as well and do not have much experience with local banks.

Thanks for being such a source of inspiration!