All Forum Posts by: Vijay G.
Vijay G. has started 19 posts and replied 64 times.
Post: Anatomy or a Multifamily Deal: 48 Units: 18 Months Buy to Refi.
- Rental Property Investor
- Portsmouth, NH
- Posts 64
- Votes 16
What a great success story Joel ! Thanks for sharing all the detailed numbers which make perfect sense. Even in this market we can find a deal. We got to keep looking harder. Overall Its a fantastic success story.
Post: Rental property management companies
- Rental Property Investor
- Portsmouth, NH
- Posts 64
- Votes 16
Need help with great rental property management companies in Lafayette LA.. need to be on site working a shift. Any good referrals would be appreciated.
Post: Lake bueno vista multifamily brokers and property management companies
- Rental Property Investor
- Portsmouth, NH
- Posts 64
- Votes 16
Thanks Eric, let’s connect
Post: Lake bueno vista multifamily brokers and property management companies
- Rental Property Investor
- Portsmouth, NH
- Posts 64
- Votes 16
Hello team,
I’m looking for multi family properties 50-100 units in lake bueno vista ., any good brokers and rental property management companies ? I can get in touch with them this week and meet in person.
Thanks
Vijay
Post: 70% Seller Finance, 6% (buyer cash), 24% Banks
- Rental Property Investor
- Portsmouth, NH
- Posts 64
- Votes 16
Thanks @Jason Wray and @Justin Moy. Looking forward to talk with HML.
Post: Multifamily Syndication Mentorship Program
- Rental Property Investor
- Portsmouth, NH
- Posts 64
- Votes 16
Brad Sumrock is another great teacher. I also like Michael blank, Rod Khlief. So many out there. You got to finalize your mentor, learn, gather team, find capital and get multifamilies under contract. It sounds simple but lot of work is involved. Everything is goal oriented and you need to move towards your goal with small strides tracking everyday. Hope this helps. Good luck !
Post: 70% Seller Finance, 6% (buyer cash), 24% Banks
- Rental Property Investor
- Portsmouth, NH
- Posts 64
- Votes 16
hello Team,
Any banks willing to take second lien on the property lending 24%? we are possibly thinking of bridge loan (interest only payments for the next 2 years). Any creative finance ideas would be appreciated!
Thanks
Post: Loaning Money for Auction property
- Rental Property Investor
- Portsmouth, NH
- Posts 64
- Votes 16
Quote from @Gina Stern:
Keep in mind, if you are buying from a county auction in Florida, especially, and most other places, virtually no one will lend you the money until after you win the auction.
ALWAYS do a title search before the auction, not after! Unfortunately, many beginners don't understand this and get burned badly. Ensure you understand the differences in liens and which lien is foreclosing. Nothing worse than spending $50k on a $300k property only to find out after the fact it was an HOA foreclosure and you have a 500k mortgage still against the property. Do your due diligence and hire a professional to do it for you and teach you how if you can't do it yourself.
After you win the auction it’s extremely important to do a quiet title action if it’s a tax deed auction and in some rarer cases, on a lien foreclosure auction as well. Good luck
Thanks @Gina Stern
Post: Loaning Money for Auction property
- Rental Property Investor
- Portsmouth, NH
- Posts 64
- Votes 16
Thanks @Ned Carey and @Hugh Thompson for your advice ! Live and learn ! I’ll talk try to talk with owner first and see how it goes from there.
Post: Loaning Money for Auction property
- Rental Property Investor
- Portsmouth, NH
- Posts 64
- Votes 16
Hello,
I just won the bid on auction property. My bid price was 120-130k less than the market price. I am planning to acquire the property and clean it up and put it on the market. it may take 3-6 months. I need to close the deal within 60 days with auction bank.
Any ideas on how to get loan to close this deal. would you guys recommend private money lending or any other options to finance auction properties. please advise
Thanks