All Forum Posts by: Brock Freeman

Was able to grab a recording of this recent presentation and put it up on YouTube. Super helpful for anyone looking to use retirement (IRA/401k) money for real estate investment. It was hosted by Seattle's Alternative Investment Association (CAIA).

There are 33 trillion dollars in retirement plans. Whether you are an advisor helping clients or an individual investor, watch this to learn how to unlock the power of retirement plan capital for investing in alternative investments. John Paul Ruiz of The Entrust Group introduces the various platforms available, rules and regulations, and how to get started in a broader utilization of your retirement plan assets.

Watch the video recording.

For passive investing, due diligence of the deal or fund, and the team is key. I would recommend checking out Verivest.com who specializes in due diligence on private real estate funds and teams. They have a list of quite a few that you can look at.

Having owned a 4-plex, your next move to a 5+ unit MF is the logical next step. That being said, a lot changes for you, especially around lending. Talk with a quality commercial loan broker (DM me if you need some options), there are plenty here on BP, and get an understanding of both bridge/hard money and long term financing options for 5+ units. You will need a lot more $ down vs 1-4 units. But this is how you scale up. Next, consider bringing in friends and family to help you buy; this is not a long shot since you have some experience with a 4-plex. Plenty of people out there want a piece of real estate investment but don't have the time or experience to be an active investor.

You can look at https://www.cretelligent.com/ for the environmental. 

How do #WomenInvestors approach their career and real estate investing?

Li Tan is a finance and accounting professional and currently the corporate controller for the American Life firm. In this interview we discuss her background in political science, finance, and accounting, and how this has influenced her career and investment approach. Free to watch.

Watch this interview.

Need a bridge/hard money loan for your cannabis related property?

Ask your favorite loan broker about Kirkland Capital Group's private portfolio micro-balance CRE bridge loan program.

• Loan Amounts up to $1 million and 80% LTV — purchase and cash-out
• 1 to 12 months interest only, extensions available
• Multifamily 5+ units, Mixed-Use, Industrial, Office, Retail
• Cannabis related OK; motel conversions OK
• Seller contributions OK
• Rapid closing, BPO only on most deals

Ready to move on from 1-4 unit properties and move up to 5+ units multifamily? 

Yes, you can

Ask your favorite loan broker about Kirkland Capital Group's private portfolio micro-balance CRE bridge loan program.

• Loan Amounts up to $1 million and 75% LTV — purchase and cash-out
• 1 to 12 months interest only, extensions available
• Multifamily 5+ units, Mixed-Use, Industrial, Office, Retail
• Cannabis related OK; motel conversions OK
• Seller contributions OK
• Rapid closing, BPO only on most deals

You will find that many traditional lenders for commercial property have very tight guidelines. Working with a quality, knowledgeable commercial loan broker could be very helpful for you.

How is this a commercial property? Generally duplexes are still considered as residential even if their rentals.

Some may require only a new checking account and the amount you deposit doesn't need to always be a lot; depends on the CU. 

Re doing only a rate/term refi and not c/o: if you can refi local, a lot of CU's do not have prepays, so that may be a good way to go to lower your rate. However, don't make the mistake of only looking at rate. Do an actual cost calculation of what keeping the loan for another 9-12 months will cost and then a c/o refi with the adjusted capital basis and what that does for your ROI, versus a refi now and then again in a year or two (don't forget closing costs) and what that will do for your ROI.