All Forum Posts by: Account Closed

I’m doing brrr strategy right now and I’m coming out with around 20-30% equity on each deal. After 5 years of this I am going to auction most my properties and keep/ pay off the best ones,

So.. use leverage to grow, then consolidate to retire. I’m 28 now , hope to retire by 35!

@Faraz Hemani

“ emotional support chicken”

Lmao

I’m using that one!

Following, 

Id like to see you all in person. 

@John Dellinger

Let's say I have a multi family under contract for $500k. If I bring in 5 investors at $100k each how much do you think is fair to ask for myself. Would you ask for 20% and split the 80% between the other 5 investors?

Or is it more realistic to ask for 5-10% ?

Is it common to only raise 30% of the sell price and get a loan from a bank or is it more common to raise the full purchase price and skip any outside financing.

Would you add any fees upfront for doing the deal?

Would it be wrong to put in the contract that the management company I own has exclusive rights to manage the property for a 10% fee.

@Laura Williams Renegotiate the price? If youre thinking about walking away from the deal with then why not shoot them a lower offer and just see what happens. Also, I wouldn't worry about the window being in a word place, as long as it meets code. Good luck !

Have you ever tried to skiptrace and call the people on your mailing list?

@Michael Batts Following

@Michael Batts I want a list to call!! Do you have someone you recommend to get a list from How are the cold calls going in general? Are you getting some deals? Have you considered hiring someone to do the calling ?

@Daniel Brown I believe you get a purchase agreement signed then take it to a title company then they set a closing day .

@Baltazar Camacho No, I use a portfolio Loan