All Forum Posts by: Dan Rowley

@Kyle Nield  Hi Kyle - I have numerous (multifamily) investments in the Upstate/SC and I'm bullish on the region.  I live in NC but my business partners are local to Greenville and would be happy to meet/talk with you.  PM me if you's like an intro.   regards, Dan R.

@Travis Andres  I have read about him and you can google articles also.  I believe he has built a lot of his empire off of unsuspecting/unsophisticated folks... I could be wrong but I don't think so.

@Alex Henige It does not add up to me.  There are a lot of other place/properties you could find that are at worst neutral or cash flow positive.  The fact that this property is close to you I guess you view as a plus (?)  but you could deploy your money out of state and make a return.  Why do all that work and tie up capital for a negative return?  you can put the ~300K downpayment money into a money market or HY savings or treasury bill and with ZERO risk you'd get like $15k return annually... just saying

I can't really tell if the initial post was in jest or serious, but if one needs a lender for EMD then that's a VERY shaky start to an investment.

@Amanda Viriato  if you DM me I can give you my contact in South Carolina who is sourcing apartment deals.

@Mike Moore I believe you're looking at the numbers correctly.  One can't find decent cash flowing properties in Raleigh metro for a couple years now at least (+many other markets), given the rapid price appreciation and now the high financing costs.  You 'might' find some downtrodden properties that on paper could give a bit of cash flow but in reality you'd be signing up for big headaches.

Yes, look into DSCR loans when you max out your DTI.

who is/are the sponsors?  There are likely others on this forum that would benefit from knowing.

@Lin Qian  I think with these coaching programs you will find some of the participants may be weak and some may be strong.  There is no blanket statement..   And sure, the coach has probably vetted/reviewed the deal and 'endorsed' it but they are incentivized to have their students do as many deals as possible because they can benefit on the upside (as co-GPs).  I am always wary of these types of deals and stay away from them I'd rather invest with established GPs with more experience and know-how.

@Jim Ebadi  One of the best I've found is from Lonestar Capital (Rob Beardsley).  Last I knew it's available on their website and he has also written a book about underwriting that references the model.