All Forum Posts by: Chris Schady

@Shane Hedeen @david s. Thanks for the feedback.  I'll keep you posted on what I find. 

Does anyone know (and had experience with) a good property management company in the Twin Cities?  Potentially, looking to have someone manage a few units in St. Paul (W. 7th area).  Any recommendations are appreciated.

Great work Jacob!

@Matt Rothwell  Thanks for starting this thread.  I have been wondering the same thing.  Have you move forward with the plan you outlined?  Also, say you were offering 7% to your investors and they financed the whole property, what type of "cut" would you take on that (assuming there is margin to take a cut) or would it just be on the back end sale/

Great feedback from everyone... that's why I love BP!

Chris

@Scott England  Thanks!  In this case I would still bring some cash, as well as the management of the property to the table, but point taken.  Basically, they are looking for an alternative asset class (real estate) to beat the market performance.

So, if change the original scenario and saw I put down the 25% and had someone that was interested in investing an additional 25% but that person did not want ownership of the property, just returns.  What have you seen in terms in offerings/terms?  Would it be a straight % return for a fixed period of time, equity offering, combination of both or something completely different?

Thanks again for your input.

@Joshua Dorkin  Thanks for sharing... could save a lot of time, money and headaches in the long run.

@Tim Campbell  Welcome to the Community.. glad to have you here!  I have very similar goals to those that you have stated, and would love to put our heads together to see how we can reach our goals!  Look forward to talking to you.

Hi all-

I was hoping to get the Community's take on the following scenario...

I am looking to acquire my 5-6th units via a duplex. This would be a solid property in a good area consistent with my portfolio to date. The property is rock solid, but not a lot of room to gain intrinsic value thru rehab, but an opportunity to increase under market rents. Plan would be to buy and hold for 5+ years. At the end of year one, projected Cash on Cash would be about 9% based on 25% down on a 30 year note. So here lies the question... my goal is to scale my business while preserving as much of my own capital as possible... how have people gone about this? Any creative ideas?

Also, I have a few friends who are interested in investing in real estate with me... how would/could you structure a deal with them given the situation described above based and based on them investing 25% to 40% of the asking price? Again the goal would be to provide them with an attractive package, while still allowing me to profit off the property and preserve as much of my capital as possible?

First time with facing this situation of private financing, so any/all information is appreciated.

Thanks!

Has anyone had any experience using the REIA Express software by Real Data? I've enjoyed reading Gallinelli's books, so was curious about the software. Has anyone used it?

Thanks,

Chris

Revisiting this post... has anyone had experience bringing a "Silent partner"/cash investor into the equation?  If so, how have you structured deals?

Thanks,

Chris