All Forum Posts by: Charles DuFour

Rohit, take a look at the DSCR option here

cpd.alphagatorfunding.com

Beat me to it.  Joette Trinh.  Specializes in creative deals and is an investor herself.

Hello Steve. Please check out the options available on my link.  All in-house underwriting, quick turn around, lending for 16 years.

For transactional funding, such as a double Close for a wholesaler, you can JV on the transaction and take the "fee" from the assignment fee as your compensation as a partner. No usury laws, you're not a lender. You're simply participating in the deal and bringing a resource, for which you are justly compensated.

I also plan on attending. New to REI and looking forward to start meeting people with the same interest.

Newbie here with a question equity partners. Putting myself in the shows of the partner with the money, I can understand funding a deal for a flip or a brrr and getting my ROI at sale or refi. But I would be leery of funding the project on a buy & hold.

I guess my question would be if there are many potential partners that would want their money tied up for an extended period of time?

How would you go about structuring a deal for a partner of buy/hold?  Would it be a case where you just split the income and the equity at the time of sale with perhaps a buy-out option?

Try a local Credit Union for the HELOC. I'm waiting to close on mine for zero costs @3%. That's no cost rolled into the HELOC either. The only cost associated would be if greater than $250k (mine is not) and that would be the cost of a full appraisal vs the drive-by I'm getting for mine.

Also, perhaps consider a 1st position HELOC that replaces your mortgage altogether. So many unique situations for people, but that could be an option as well.

Agree with all about paying the CC debt first.  Just want to add another benefit of that route that has been eluded to, but not said outright.  CASH FLOW.  That's King to any of this and yours will be increased greatly once the CC isn't taking it from you.

I'm in a similar boat.  47 and just started looking for the deals several days ago.  Also trying to start establishing contacts in the areas I have found some opportunities (agent, property mgr)  

Best of luck to you.

I'm looking for my 1st MFH and was wondering if it's silly to use Property Management right out of the gate.  I'm seeing potential deals about 1.5 hours from me.  Actual house-hacking not an option due to work and ties to home.  I plan to continue buying and growing, potentially in same area to utilize same PM as I grow.  Anything wrong with this as long as the numbers support it?