All Forum Posts by: Brandon Becsi

I live in VA and have been in real estate for 7 years mostly doing long term holds/rentals. I specialize in what I call "production rental properties". Houses built 1945+, single story usually need only 25k or under to make rent ready. My average all-in is around 80k and rents 1200/month and ARV's 125K.

I usually always have a few deals in NC (in a suburbs of Raleigh) under contract that I'm looking to place lenders on. I'm looking for true private lenders not brokers, DSCR lenders or big financial institutions. Nothing personal I just already have a few of them that im very happy with.

Most my deals im looking to get financed are around 75k-125k all-in including rehab. Let me know if you want to chat further we can jump on a call/zoom and I can show you exactly what opportunities I have. Thanks!

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What is your strategy for asking for owner financing on houses you will keep long term? Either as rentals or vacation properties

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Quote from @Celia Lumbroso:

@Brandon Becsi I recommend raising capital in a private fund or look at opening a line of credit with a bank.

Do you have experience starting a private fund? What do you recommend/structure?

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Quote from @Kerry Noble Jr:

Quote from @Brandon Becsi:

I do mostly long term holds and flips. My main need upfront operational + marketing capital.

I would offer something creative like upfront cost....in exchange for equity in the flips.....and partnership in the leads that dont fit your criteria but still deals that you can wholesale to someone else. youre going to get leads that dont fit your criteria, what will you do with those? how can you still profit from them??? keep that in mind.

something creative.....

Great perspective, I like your ideas

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I do mostly long term holds and flips. My main need upfront operational + marketing capital.

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I've been investing for 7+ years and built a decent rental portfolio in VA and NC with a partner. That partner and I still have a great relationship but are also now doing deals on our own while keeping everything we own together.

I am in need of operational capital while I start my new separate company on my own as I don't want to use funds that I have in my other business with my partner. How would you recommend that I do this? I'm seeking about 100k to use for marketing, operations while I'm doing new deals myself. Thx!

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Quote from @Doug Smith:

Quote from @Brandon Becsi:

Say in part of my portfolio I had 10 properties each with a smaller amount of equity say 25k in each totaling 250k equity (25k x 10 properties). How/is there a way to get say a 60k+ loan against that pooled equity? Would that be something a private lender would be interested in, maybe a 2nd position? and how would I present that? Thanks

For an institutional lender, we're going to look at the total value of the properties as opposed to the dollar amount of what the value is vs what is owed. What I mean by that is that if you have two properties, one valued at $100K and another at $500K, each with $20K worth of equity, then the LTV for the $100K property would be 80%, but the other property would be at ($480K/$500K) 96%. Lenders are going to look at the percentage vs the dollar amount. Opinions of value might also differ and a lender is going to base the value on an appraisal. A blanket mortgage, a mortgage that covers multiple properties, is also unlikely when the blanket is in 2nd position on those properties. What you're describing is going to be hard for an institutional lender to pull off. It would have to be from an individual that loans the money to you because you're a good guy...not on the math. I wish you well in your search.

Thanks for input, I thought this likely wouldnt interest an institutional lender but more for a private lender and how to structure or offer it. I think your spot on.

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Quote from @Will Parks:

Technically speaking, yes a PML could give you a loan and take a 2nd position lien on all 10 properties. You risk losing all 10 properties if you fail to perform and then the lender has to deal with foreclosing x10. Are these super desirable properties that are going to appreciate quickly?

Don't know what you're wanting to use the 60k for, but assuming it's real estate, why not just approach a PML for the new deal you are trying to do. Then the collateral will just be that one property, the PML could even be in 1st position if the deal makes sense.

I appreciate the input. Im planning on using the funds on a few new projects that are real estate related but not actual homes/deals. For instance launching an online underwriting service and a non-profit that houses women and children. I was thinking of ways to use equity to source the startup capital. Hope that helps

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All Forum Posts by: Brandon Becsi

Brandon Becsi has started 27 posts and replied 97 times.

Post: Several Deal Opportunities in NC, Seeking private lenders

Post: Several Deal Opportunities in NC, Seeking private lenders

Post: Owner Financing question

Post: Startup Capital for New On my own venture

Post: Startup Capital for New On my own venture

Post: Startup Capital for New On my own venture

Post: Startup Capital for New On my own venture

Post: Loan Question on part of Portfolio

Post: Loan Question on part of Portfolio

Post: Loan Question on part of Portfolio