All Forum Posts by: Cole McKeon

Hello All,

I am looking to invest in NKC and would love to hear other real estate investors experience in NKC. Any insight would be greatly appreciated. 

@Daniel Dietz What does the 'Cash Him Out' look like in the situation mentioned? Why would he be incentivized to cash out if he only has upside? I would think it would be a headache to have different or new partners on every single project. I can only imagine having 50 properties all with different private money partners.. I would assume a lot more babysitting would be getting done then actual work..

@Ned Carey Ned I am very familiar with the concept, but not an actual structure. For instance if I did interest only to the private money lender and did a 1 year loan with 30year amortization of 8% paying interest only for that 1 year then a ballon payment, is this sufficient enough for most lenders?

@Ned Carey In regards to structuring a loan, what is a typical structure? Would it be a certain APR ? Just trying to figure out when @Brandon Turner and @David Greene always talk about BRRRR they never mention what the payout looks like for someone who "loaned" money. I get you buy right, rehab, rent, then refinance, but I have never understood what the payback for the person who lent the money looks like when you Refi them out.

Thanks Nick!

Hello,

I recently obtained my real estate license strictly for investment purposes. That being said, I am looking for advice on where to hang my license with low fees, as I will be using commissions toward closing costs etc. What is a good brokerage for investor agents? 

Also,

What is a typical split for this type of arrangement?

Any other recommendations that I may have not thought of in regards to fees, etc?

It is currently fully rented out as well. It is a short sale 

The property is in not the best neighborhood of Fresno Ca. Why would a $2200 rent roll on a 150k house considered slim? In addition the property has some upside with potential repairs. I believe an ARV of $250,000 is reasonable.

It is 100% occupied

I am looking into a 4 flex right now that provides about $1,000 a month of positive cashflow.. Why is the bank short selling it? How can someone not pay a mortgage of $700 on a $2000 a month rental income.. Very confused am I missing something? Why would someone foreclose on a positive cash flowing property??

Wanted to reach out to any wholesalers and/or investors in the Orange County area who are dealing in the commercial office space, executive suits wold be ideal. We would also consider a Multi family unit ( prefer around 10-15 units) My partner and I are mainly looking in Santa Ana, Tustin, Anaheim area but would be willing to look at others. We are looking for something that is in decent shape yet still possible to upgrade to get an additional 10-15% forced appreciation. Our price range is around the 2-3 million..Please message me for more details. 

Thanks for your time!