All Forum Posts by: Brian Tustin

@Wayne Brooks 

Thanks Wayne & @Gabriel F.. I appreciate the comment, especially on the EM. 

Hey Folks! An amazing real estate agent turned me on to a SFH not on the market yet. The owners are looking to get rid of the house due to family conflicts after the passing of the parents. First question... I would like the siblings to take the least path of resistance and sell the house at a discount so I can fix and flip. I'm offering to clean up all the garbage & miscellaneous items (it's a mess on the inside, broken car in garage & throw away furniture in every room), but was looking for gestures that would make it easier for her to let go of the property at a discount. Any advice?

Gotcha. That's a bit higher than rate + points than we're looking for in this deal to make sense on our end but I respect your position. 

Hi @Alex Shea , thank you! $125k is the acquisition price, maybe 130k depending on closing costs. 

I'm looking for private money to help fund an off market deal in a small town on Delmarva. Vacation rental spot with consistent STR revenue during the summer and 6 month LTR in the winter.

Property is a 1bd/1ba. Needs $5k in reno. ARV $135k.

Will share more details with interested parties. 

@Edmundo Gamas Thank you. Will write you an email shortly. Thank you. 

Hi BP community. I'm looking for private money to fund a deal. 4 unit STR in Ocean City, MD. with 2020 bookings : 40k yearly NOI.

two 3/2 : one 1/1 : one studio : 4 parking spots : Gross Income is 90 - 100k. 

Here's a link to the BP report . Property is being sold to be used as 1031. Let me know what questions, comments, or interest you may have. Thank you in advance. 

@Jay Hinrichs Amazing! It's unreal right now. 

@James De Stefano 8 - 10 months in Italy wouldn't be terrible ;P

I think if you're building in an appropriate margin of safety for your purchases then things will be fine. I also believe the impact of the corona-virus is being inflated by the media, but that's just my opinion. 

Just booked flights to italy in june for .50 on the dollar due to cv fear! 

Good insight Dan.  Sounds like Mission Bay has been a gem for you. Stoked for you all. Yeah, if with the expected PM fees, the STRs were slated to lose money, that's more concerning absolutely.