All Forum Posts by: Grayson Loupas

@Grayson Loupas

Investors would receive 50% cash flow as well, which would be $1,700-$2,000 a month ($850-$1000/month for 50%)

Hey Washingtonians,

I have a buy and hold investment opportunity out in Yakima, Wa if anyone is interested in partnering with me on it! Here are the details-

-8-plex apartment

-$750,000-$800,000 purchase

-4 units renovated, all units currently rented

-$76,800 gross yearly rents, rents could be raised to market once all units are renovated

What I need is someone to bring a down payment and thats all! I can manage, rehab, deal with tenants, etc.

Commercial loan would be between $225,000-$240,000, but I’m also open to multiple partners.

Investors would get 70% equity when property may be sold down the line, I would only keep 30%.

Great opportunity, let me know!

@Brenda Yogyog

For sure still purchase the home if you have $0 cashflow (unless you’re leaving a ton of cash in the project). The cash flow to come will be well worth it especially if you finish renovating the units.

I forgot to mention that I can't pull a HELOC because the units are completely gutted and therefore I can't get a conventional mortgage

This is the BRRRR

-Two Triplexes side by side (6 units)

-$700,000 for both

-Completely gutted inside and demoed

-both need $100,000 rehab

-$900,000 all in

The financing part is the trouble... I have about $20,000-$30,000 cash, but about $150,000 in equity in another home. I cant pull a HELOC for a conventional mortgage, but I was thinking about hard money for the 6 month-ish rehab process.. I might find a private money lender for down payment on conventional loan? The rents would be $9000 total for the 6 units, and around $1000 cash flow. One of my first deals so I'd love some help!

Just starting my wholesaling venture as an 18 year old, trying to begin investing and pay for college. I received an offer to be mentored by someone for wholesaling, but theres a downside. 50% profits will go to him in return for contracts he’ll write for any properties I get, and he will provide a buyer for every property. I will be under a two year contract with him where all my profits for 2 years go to him and I’m only looking to wholesale short term to build enough capital to begin flips and rentals. What should I do?

I'm with you... I'd love to see a good answer to this

Congrats! Are you 1031 the profits? Do you plan on buying and holding eventually?

@Robert Freeborn I’d love to meet up and talk if you’re available?

@Michael Haas I’m 18 in the Seattle area and would LOVE to learn from you and possibly pay you for consulting. Please!!! let me know