All Forum Posts by: Brandon Raeburn

You have a system for success!

Hello Rick, I doubt anyone has the right software nor would I advise you using it for such a matter. You should always consult your lawyer before meddling with contracts. Then, let your accountant look at it to make sure you can get the most amount of money in any deal. Even if someone in the BP community gave you all the software to make a triple net lease, you'll still should have a lawyer look it over for your protection.

how about refinancing and hold till you leave. This will allow you to buy out your with other peoples money. The money you save can be used as a down payment for a place in N.O. And if HOA permits, rent out the condo. Reinvest the residual income and sell when ready.

Originally posted by @Mateusz Prawdzik:

@Aqil Dharamsey @Robert Young @Account Closed Why don't you all come to NJ... I feel that there is lots more opportunity around the outskirts of the city. I mainly flip but it seems that most of you guys on this post like to do passive and rental income. Has flipping ever crossed your minds? What kind of return do you think would make sense for you for flipping? Is there just little flipping opportunity in NY? Just curious, trying to see what is out there as far as returns and markets. Ask about the NJ market, I don't know everything but I have been around a little bit as far as Northern NJ goes. It would be good to see what kind of opportunities are out there. Potential partnerships might even be formed... who knows.

 I'm currently in Miami till Christmas but when I get back we'll definitely have lunch. I have nothing against flipping, (spent over 15 years watching my dad and uncles do it) but it's just not my niche. Trying to rehab and sell in a year seems like doing too much too fast. Slow and steady wins the race as the old timers say. I have a buddy in NJ you should connect with, @Brandon Zager.

Multi-Family Finance Options for Military Veterans: Hello everyone, as a US Veteran I thought it would be a good idea to touch upon the financing options for other members in this MF group who may also be fellow veterans. VA residential home loan: Any traditional lender has a VA home loan program for qualifying veterans to purchase a SF-4plex units. Loan is a 0% down 3.5% fix rate 30yr loan with maximum spending limits of $636k in high income markets but $424k in most markets. If used for multifamily units, you must intend to live in one of the units for atleast 1 year. The strict requirements consist of a credit score minimum of 620, 1yr reserve of mortgage payments, and property must be in habitable condition. Commercial Loans for Veterans The 504 is a commercial real estate loan primarily designed for business expansion and it is the best commercial loan if you are a veteran, you already own a business and you need to do one of the following: Purchase real estate that will house your business. Expand, remodel, renovate or retrofit an existing facility. Install Green or Renewable Energy Equipment as part of a renovation. Purchase expensive business equipment with a useful life of at least 10 years. Refinance an existing commercial loan as part of a business expansion. You may need to explain to the loan officer that real estate investing and property management is your desired business model, or that you are willing to retrofit existing apartment buildings with Green Building projects. Closing and soft costs can be financed making 90% loan to cost commercial financing possible. It offers long term, fully amortized loans with no calls, balloons, re-qualifying or refinancing required. It allows a 10% down payment/equity injection at a time when many commercial lenders require 30% down.You can finance manufacturing or Green Building projects up to $12,000,000. Property must have a $100,000k ROI so you'll need alot of doors. If you or anyone you know are US Veterans and have any questions please feel free to ask them here.

Multi-Family Finance Options for Military Veterans: Hello everyone, as a US Veteran I thought it would be a good idea to touch upon the financing options for other members in this MF group who may also be fellow veterans. VA residential home loan: Any traditional lender has a VA home loan program for qualifying veterans to purchase a SF-4plex units. Loan is a 0% down 3.5% fix rate 30yr loan with maximum spending limits of $636k in high income markets but $424k in most markets. If used for multifamily units, you must intend to live in one of the units for atleast 1 year. The strict requirements consist of a credit score minimum of 620, 1yr reserve of mortgage payments, and property must be in habitable condition. Commercial Loans for Veterans The 504 is a commercial real estate loan primarily designed for business expansion and it is the best commercial loan if you are a veteran, you already own a business and you need to do one of the following: Purchase real estate that will house your business. Expand, remodel, renovate or retrofit an existing facility. Install Green or Renewable Energy Equipment as part of a renovation. Purchase expensive business equipment with a useful life of at least 10 years. Refinance an existing commercial loan as part of a business expansion. You may need to explain to the loan officer that real estate investing and property management is your desired business model, or that you are willing to retrofit existing apartment buildings with Green Building projects. Closing and soft costs can be financed making 90% loan to cost commercial financing possible. It offers long term, fully amortized loans with no calls, balloons, re-qualifying or refinancing required. It allows a 10% down payment/equity injection at a time when many commercial lenders require 30% down.You can finance manufacturing or Green Building projects up to $12,000,000. Property must have a $100,000k ROI so you'll need alot of doors. If you or anyone you know are US Veterans and have any questions please feel free to ask them here.

Multi-Family Finance Options for Military Veterans: Hello everyone, as a US Veteran I thought it would be a good idea to touch upon the financing options for other members in this MF group who may also be fellow veterans. VA residential home loan: Any traditional lender has a VA home loan program for qualifying veterans to purchase a SF-4plex units. Loan is a 0% down 3.5% fix rate 30yr loan with maximum spending limits of $636k in high income markets but $424k in most markets. If used for multifamily units, you must intend to live in one of the units for atleast 1 year. The strict requirements consist of a credit score minimum of 620, 1yr reserve of mortgage payments, and property must be in habitable condition. Commercial Loans for Veterans The 504 is a commercial real estate loan primarily designed for business expansion and it is the best commercial loan if you are a veteran, you already own a business and you need to do one of the following: Purchase real estate that will house your business. Expand, remodel, renovate or retrofit an existing facility. Install Green or Renewable Energy Equipment as part of a renovation. Purchase expensive business equipment with a useful life of at least 10 years. Refinance an existing commercial loan as part of a business expansion. You may need to explain to the loan officer that real estate investing and property management is your desired business model, or that you are willing to retrofit existing apartment buildings with Green Building projects. Closing and soft costs can be financed making 90% loan to cost commercial financing possible. It offers long term, fully amortized loans with no calls, balloons, re-qualifying or refinancing required. It allows a 10% down payment/equity injection at a time when many commercial lenders require 30% down.You can finance manufacturing or Green Building projects up to $12,000,000. Property must have a $100,000k ROI so you'll need alot of doors. If you or anyone you know are US Veterans and have any questions please feel free to ask them here.

Originally posted by @Joseph Bramante:

Originally posted by @Brandon Raeburn:

With so many partners in a syndication, would the roi be of marginal success?

 If you own 1% or 99%, your return on investment would be exactly the same. :)

 Hmm I may be missing something here.....

Join your local real estate investing club. Network as much as possible on here and at your club. Stay persistent, it'll all work out in the end.

Hello Jennifer, The professional you'll need to talk to is an accountant. Keep it mind, you maybe taxed multiple times for performing a transaction like that (I'm not an accountant nor am I licensed to give advice in those capacities). Even though you're paying yourself uncle Sam may consider that 2 entities. Lastly a wire or electronic transfer would take 2 business days tops. If the institution's require signed and notarized documents it may take 5-7business days. Good luck