All Forum Posts by: Chris Schady

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!

@Laurence Walsh-Hodson 

I agree with what others have been saying... working with a reputable company that you can trust and develop a long term relationship is more important the allure of good returns with a suspect company.

At least that's my two cents...

@monte mayer Congrats on the property!  

Hi All-

I was hoping to get the communities input and any recommendations on any good, reliable wholesalers/deal makers in the Twin Cities. Mostly looking for SFH in the metro area in decent neighborhoods. Any insights/recommendations are greatly appreciated!

Chris

Welcome Mandy!  If you have any interesting wholesale deals, please let me know.

Chris

Great to see that we have a BP meetup in the Twin Cities.  Sorry I missed the first one... will definitely try to make the next one.

Chris

@jesse lynch  Nice work!  Welcome to the site.  Do you guys play here in the Twin Cities?

Looks great!  Congrats!

@jon jandro

Welcome to the site and community.  As other mentioned, there are tremendous resources on the sites and the podcasts.  Just start at Episode #1 and keep listening.  As for 3rd party property management in the Twin Cities, I have a couple contacts for you when you get to that stage, so feel free to message me for more details.

-Chris

I was wondering the same thing.   Has anyone heard of any BP focued groups in the Twin Cities... focusing on more on learning/sharing vs. hype?  If not, would folks be interested in something like this?